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Laggard to the Casino Industry

Singapore is considered a laggard to the casino industry in comparison to her neighbor, Malaysia. To make up for being half-a-century late Singapore decided to have two casinos. Other Asian countries - Vietnam, Korea, Sri Lanka, Cambodia and Japan - are joining the bandwagon to intensify the fight for gamblers patronage. Like good foodies, gamblers will also travel the extra mile for a wager.

Macquarie, a leading financial services provider in Australia, "think the Singapore gaming market cannot grow." They noted that the gross gaming revenue (GGR) for the nation had plateau around $6 billion a year since 2011. "After three big years, tourist arrivals in Singapore have started to decline (down 3 percent year-to-July) and most importantly, Chinese visitors who form more than 50 percent of Singapore VIP volume have fallen by 29 percent year-to-date," Macquarie said. VIP volumes make up around 80 percent of the city-state's total gaming volume, it said [CNBC 23 Sep 2014].

Elderly Population and physical activity in China and the US

On The Thoughtful Young Djedi from Bermuda

[Note: I wrote this as a sophmore in university.]

The elderly population of a developing country can be a good indicator of its development and social progress. It can show an improved standard of living, technological innovations and economical advances within society. Fundamentally, a look at the lives of an elderly population can give good insight to the general direction and prosperity of that country. No better example of this phenomenon is happening in present day China, which hosts the largest population of elderly people in the world.

In the last 10 years China’s economic development plans has enabled it to grow at an unprecedented rate of 7-8% per annum. The rapid development of China’s economy has produced great advances in the living standards of Chinese people. Moreover, China has experienced both rapid growths in the sheer number of elderly people and in their proportions of the total population. This has created an ageing problem in China and is one of the countries’ biggest challenges moving into the 21st century, with the elderly ratio projected to reach 27 percent by 2050.

An extended period of post-work life and an increased standard of living have been the results of the economic reforms implemented by Deng Xiaoping in the 1980s. As a result the lives of elderly people, particularly their leisure life are an increasingly important topic of social conversations in China. This demographic shift in the structures of Chinese society can be observed in Shanghai, China’s largest city in terms of population. Leisure life of elderly people in Shanghai is centered about public parks and this will be the main focus of the paper.

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