Singapore Says Casinos Won't Deter Islamic Investors - Wednesday 22nd of February 2006

SINGAPORE As reported by Reuters: "Singapore's plunge into the casino industry is unlikely to harm its campaign to attract Islamic investors, who are opposed to gambling, the Monetary Authority of Singapore said on Tuesday.

"Singapore wants to market itself as a centre for Islamic finance, which bans interest and shuns investments in industries like gambling, brewing and tobacco a strategy that could put it in competition with financial centres in the Muslim world.

"Singapore is also placing a major bet on the gambling industry to support its tourism sector. It has dropped a ban on casinos and has unveiled $5 billion plans to build two casinos that would rival those in gambling havens Las Vegas and Macau.

"...Delegates at Tuesday's conference agreed Islamic investors would disregard Singapore's push into gambling, noting that mainly Muslim neighbour Malaysia had Southeast Asia's biggest Islamic banking industry despite having its own small gambling industry..."

Other news from around the same time

Senior Citizen Cracks the Safe at the Jackpot Factory - Wednesday 22nd of February 2006

KAHNAWAKE, Canada The Jackpot Factory, a leading online casino group, has another lucky new winn....


Amsterdam Hosts Casino Affiliate Convention - Wednesday 22nd of February 2006

NEW YORK – Ticonderoga Ventures, Inc. announces the Casino Affiliate Convention and Gaming Mark....


Caesars Host Job Fair - Wednesday 22nd of February 2006

ATLANTIC CITY, New Jersey – Where do you go if you'relooking for a job in retail or restaurants....


Indiana Mayor Proposes Casino Scholarship - Wednesday 22nd of February 2006

HAMMOND, Indiana – As reported by the Indiana Post-Tribune: "Bishop Noll Institute valedictorian....


Foxwoods to Open WPT Room - Tuesday 21st of February 2006

LOS ANGELES – Now you can not only watchthe World Poker Tour(R) on television, but when you go ....


Stars Helped Harrah's Employees - Tuesday 21st of February 2006

LAS VEGAS Three of the world's most popular entertainers Celine Dion, Elton John and special gu....


Nebraska Poker Players Help Museum - Tuesday 21st of February 2006

NEBRASKA – As reported by the North Platte Telegraph: "Poker players raised $1,950 for the North ....


Two Weeks Left to Sign Up for Casino Hearings - Tuesday 21st of February 2006

LIMERICK, Pennsylvania As reported by the Mercury News: "Anyone wishing to address the Pennsylvani....


FullTiltPoker.com Offers WSOP Promotion - Tuesday 21st of February 2006

CALIFORNIA – – FullTiltPoker.com strikes again with one of the richest World Series of Poker p....


West Virginia Benefits From Casino - Tuesday 21st of February 2006

WEST VIRGINIA – As reported by the Herald Standard: "When Leonard, Tom and Ed Hunter departed the....