Casinos a huge sucess despite

[redacted]

[quote author=professional_advisor link=topic=63823.msg1559359#msg1559359
Oh no, China doesn't have any property problems, that is mistaken. The Chinese are very rich so prices cant fall. Also, the government is very careful and can prevent any problems. Its totally safe to invest and is on the up.

As for the US, once the temporary lull is over in a few weeks then they will pick up and there will be huge orders for goods from Asia.

I mix with many of Singapore's upper echelons and they are all very optimistic.
[/quote]

Another pearl of wisdom.   Well if you dont like it here theres always the airport.

What is scary is that these two actually believe in what they are saying.

[Sunrayser]

Success or not, the casinos sure are causing a lot of ethical problems! Heard about that twig who gambled away SGD 25 million and is now suing for compensation or whatever??

[to redacted]

What is scary is that these two actually believe in what they are saying.

I think prof adv is winding up wazzzis.

wazzzis however is a lost cause, can't even afford to use the airport.

[Betram]

Read today's paper, about the reversal of both IRs to cease
their shuttle services for heartlanders. The unanswered question
is how in the first place did this shuttle operation got started!
It must have been approved by someone in authority. It
obviously was designed to attract and make it easier for
heartlanders to visit the IRs. What percentage goes there to
indulge in wholesome family recreations or to chance their
monies on the gambling tables? Just the thought of the two
categories of customers sitting side by side using the shuttle
services for different ends is rather ticklish. Our guys should
have handed out questionaires to the commuters to find out
the purpose of their visits, in the typical know-all style in facts
 gathering.  This will increase their understanding of the types
and profiles and psyche and capacity and capability and
psychology etc etc of the clients' base. This will enable
them to fine tune and adapt and adjust and modify and
curb and come up with further measures to ensure a well
run casino and family recreation centre to suit the two
category of customers.
Well we can only hope that the present strong leadership will
be around for a long long time to monitor and intervene
swiftly to put right any shortcoming less the opposite parties
who are always patiently on the lookout for a weak link to slowly
get their own way bit by bit.  One of which is this unanswered 
question about this generous shuttle services offered to
heartlanders. Where are our deep thinking planners and
protectors ? How was this shuttle operation approved?
 
   

 

[To Betram]

Use your common sense! It is not so difficult to work out!

[$Pripps]

@Bertram good one 

[RTTT]

Where are the exacting, meticulous and go-through-with-a-
fine- tooth comb regulators to protect the populace!!!!

[alcapone]

Countries with very strong authoritarian government do not have a strong mafia because the government is the 'mafia'.    Witness Russia, PR of China, N Korea, etc., etc.

You been watching too many hong kong movies dude.

The triads could not wait to get a foothold
in such a paradise.
Their planners are already hard at work.

[All_In]

Many say that gambling businesses will always make big profits and therefore the casinos will also make a lot of money for its investors.    But this is not always true.  The Singapore Turf Club made losses for a few years in 2000's - not sure how well it is doing now.      The Singapore Turf Club is in the horse racing and 4-D business - and yet it lost money for a while.    The HK Turf Club is the biggest horse racing business in the whole world - and it is always making tons of money.  

For the IRs to really succeed, you need high rollers who gamble millions of dollars in one day.   Many high rollers are shady characters: money launderers, triad leaders, corrupt government officials, drug dealers, top con men, - many of these people live life on the edge - they make money the 'easy' way and their money is easy-come-easy-go - so when they are rich, they live it up because they never know when they will lose it all (even lose their lives).    Macau, HK and China have no lack of these people, and Macau welcomes these people.   BTW, some of these people also like to use soft drugs, like marijuana, etc.    
  
Only once in a while do you get suckers like the recent seafood businessman who lost 25 million or the CFO who lost 40 million in a casino in Australia and is now living in Changi.  

Success or not, the casinos sure are causing a lot of ethical problems! Heard about that twig who gambled away SGD 25 million and is now suing for compensation or whatever??

[RTTT]

Not to worry guys, if the joints are causing too much problems
or headaches, it can always in the typical efficient, swift,
interventionist local style, be shuttered down overnight.

[totty influx]

Look at the amount of birds that are moving here from China though.  Thats got to be a good thing.

[professionals]

the totty does it for a living   

Glad to see the casino's are having no negative social effects.

[PRAY]

the totty does it for a living   

Glad to see the casino's are having no negative social effects.

For how long???

Anyway the milky white image which have taken years to
build is now tainted.

[not a chance]

Not to worry guys, if the joints are causing too much problems
or headaches, it can always in the typical efficient, swift,
interventionist local style, be shuttered down overnight.

Singapore is obsessed with it's image externally, no way would it shut them, too embarassing.  Also sends a bad message to potential future investors.

What I expect they will do is make big changes to the access for locals and PRs.  E.g. make it annual passes only and charge a number your average heartlander can't afford e.g. 50k or 100k per year.

[INTEGRATED RESORTS]

Distinctly recall that one clear requirement set out during the bidding process was that the "IRs" should source no more than 40% of their income from the casinos hence the justification of them being called IRs in the first place.  Based on current figures, hard to imagine them making anything less than 90% from the gambling.