[ISL] "Casinos Rejected by Outlying Taiwan Islands in Referendum Vote"

[rfmcdonald]

Bloomberg's Yu-Huay Sun reports on how Taiwanese islands voted not to employ their insularity as the basis for a casino industry.

Residents of Taiwan’s Penghu County voted against having casinos on the islands to attract tourists, dampening sentiment around legislation proposed to attract overseas investments to the area.

It’s the second time since 2009 the outlying islands have rejected the construction of gambling developments. In a ballot asking whether to allow “recreational complexes” featuring casinos, 26,598 people voted “no,” compared with 6,210 who voted “yes,” the Penghu government said in an e-mail today.

President Tsai Ing-wen said this week her Democratic Progressive Party, which also controls the legislature, remains opposed to gambling developments and Penghu should look to develop tourism in other ways, government-backed Central News Agency reported Oct. 13. Meanwhile lawmakers have yet to pass new implementing regulations, even after residents of Matsu voted in favor of gambling establishments in 2012. A Taiwan gambling ban on the outlying islands was repealed in 2009.

Taiwan’s gross domestic product is forecast to grow 1 percent this year, according to economists surveyed by Bloomberg. That would be the slowest pace among the economies once known as the “Asian Tigers,” including Hong Kong, Singapore and South Korea. Tourism from China, Taiwan’s largest trade partner and historical political foe, has dropped since May, when Tsai took office. The Taiwan leader doesn’t accept Beijing’s one-China principle, which it considers to be a condition for normal relations.