Uncles and Aunties Starts Gambling In The Stock Market

More uncles and aunties are turning to the stock market, thanks to news of positive economic growth in Singapore.

Genting shares are among the most popular with heartland investors. Indeed, buoyant economic news are encouraging more HDB heartlanders to jump into the stock market.

But what should uncles and aunties look out for before putting their money in the stock market? Do they know what they're getting into, and what are the odds of getting their fingers burnt?

Casino Levy Collected $130 million

The Singapore Government has released figures on revenues collected from the two integrated resorts (IRs). Between April and November 2010, the net increase to the government coffers was S$420 million from betting taxes and GST. Entrance levy collected from Singaporeans and PRs entering the casinos amounted to S$130 million.

Singapore the next Las Vegas?

"CLSA estimates gaming revenues will hit US$6.5B (S$8.4B) next year
matching Las Vegas and rise to about US$8.5B" - Straits Times, 28 Dec 2010.

When I visited the Singapore museum a few months ago, I read this
interesting story. In 1819, Sir Stamford Raffles left the administration of
Singapore to his deputy, William Farquhar giving him strict instructions on
how to develop the island. When he came back 4 years later, he was
horrified. Farquhar had taken the easy way to economic development by
allowing vices such as gambling dens to spring up to fill govt coffers.
Raffles upset at the economic short cuts taken by his deputy[Read the story
here] sacked him a few years later.
.
I will keep posting about the casinos because I feel strongly that the harm
it brings will far exceed any benefits. The govt enjoys the tax revenue it
collects from this casinos while churches, temples and social workers are
left to help the the broken families. The problem with the casinos is the
same as cigarettes. When cigarettes were introduced many years ago, its
cancer-causing properties were not known. If cigarettes are invented today,
the authorities would have banned them outright. By the time scientists were
sure that cigarettes cause cancer, millions were already addicted, companies
selling them were rich, powerful and influential and millions of people
dependent on the tobacco industry for jobs.....it becomes difficult to shut
them down. Once the casinos are here, they take up a large amount of
resources that could have been used for productive healthy economic
activities. As the govt becomes dependent on the tax revenue, regulating the
industrial becomes harder due to conflicts of interests - much of the social
wreckage it simply passes to churches & social workers. The NCPG (National
Council on Problem Gambling) has an annual budget of $2.5M[Link] vs the
hundreds of millions the govt collect as tax revenue from this activity vs
the hundreds of millions the casinos spend to entice gamblers to grow its
business.

It has been almost 200 years since Raffles gave strict instructions to his
deputy Farquhar not to allow gambling dens in Singapore. Instinctively, he
knew that the harm caused by gambling will outweigh the short term economic
benefits. When the PAP govt wanted to legalise casino gambling, they sold
the idea by telling us we can easily exclude family members if we find out
they have a problem. Today, families with problem gamblers faced plenty of
red tape[Link] [Link] including the need to get the problem gambler to agree
to the exclusion. We were also told that the main intention of having the
casinos is to create jobs for Singaporeans - but Singapore is not short of
jobs that is why we have hundreds of thousands of foreign workers here. The
actual problem we have is structural unemployment and shortage of good
quality jobs - judging from complaints from Singapore workers at the
casinos, the casino solves neither of these[Link].

"My brother called the National Council on Problem Gambling (NCPG) helpline
and left his contact details. When no reply came, I called a week later,
only to be informed that there were more than 300 applications still waiting
to be processed and a counsellor had to be assigned to each case.

We were told that only one place, the Tanjong Pagar Family Service Centre,
processed all applications and the NCPG would start considering a ban only
after it had received a lengthy report of some 24 to 27 pages from the
centre.

What's more, the hearing to determine the ban would involve the addicted
gambler as well as the family members to argue their case.

When I sought clarification, such as the need to seek the addicted gambler's
approval in applying for the exclusion, the reply was that those were the
rules."

- Casino Exclusion : Family Frustrated by Red Tape[Link]

The PAP govt was just thinking like William Farquhar 200 years ago when they
allowed those casinos to be built - short term economic gains and tax
revenues. Ordinary Singaporeans pay the price for the casinos as social
costs mount.

Casino Levy Returned to Community - Minister Lied

With over $200 million collected so, and all given to the ToteBoard, one wonder why the NKF and the other charity organisations are still struggling to raise money, desperately canvassing for donation publicly and on TV Charity shows. It simply has got to be some big white lie by these Pap Ministers. None of them (including the custodian of the reserves - the President) even know how much reserves there are in the govt coffers.
------------------------------------------------------
Casino fee given back to public
By Rachel Chang

THE money collected by the two casinos in entrance fees from Singaporeans and permanent residents (PRs) is already being recycled back to the community.

This is being done via the Tote Board which is given all the money collected.

It then hands them out as grants to community projects, said Second Minister for Finance Lim Hwee Hua at a dialogue with Bukit Gombak residents.

Mrs Lim, who is also Second Minister for Transport, did not specify the types of projects that gained from the collection.

The Tote Board website, however, states that it donates to six areas: arts and culture, education, social services, health, community development and sports.

'So if we have more money coming through, in other words more money will be available for all these different projects,' said Mrs Lim. 'That's one consequence of it.'

Singaporeans lost $70m to Govt in Casino Levies

As of May 10, the two casino operators had collected about $70 million in entry levies.

Revealing this yesterday, Minister for Community Development, Youth and Sports Vivian Balakrishnan said it would be "premature to draw conclusions" from such data on casino patronage and its "attendant social impact", as it was still early days yet in their operations.

All the levies go to the Singapore Totalisator Board to fund projects that benefit the community, Dr Balakrishnan added, in a written response to a query from Nominated MP Terry Lee.

MCYS will ensure enough resources are dedicated to tackle the issue of problem gambling.

In response to MediaCorp's queries, the National Council on Problem Gambling said it has been actively engaging Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) to put in place social safeguards.

The council cited some of the measures taken, describing these as "work in progress".

- Responsible gambling brochures: Available in both casinos

- Council's helpline card: Placed in restrooms and brochure distribution points, at both casinos

- Voluntary loss limit: At RWS, patrons can request use of voluntary loss limit room to lock their valuables in security boxes that can only be opened with the casino staff's assistance. At MBS, patrons can request to set a limit on their betting account that cannot be changed for 24 hours.

- On-site intervention: At RWS, available on Saturday afternoons. None at MBS.

- Responsible gambling training: At RWS, provided to all casino staff. At MBS, given to all staff.

- Responsible gambling messages: Shown on all jackpot digital machine screens, plus side-screens on table games or standing digital displays.

Gambling experiment proves costly for Singaporeans

It was very odd in 2005 when the government of Singapore, which always takes an intrusive and nanny-ish interest in the moral well-being of the Lion City's citizens, decided to allow gambling. Singapore's previous experience with gambling, back nearly 200 years ago when it was a British outpost, was that the usual accompaniments of crime, prostitution, drug addiction and loan sharking were hard to avoid.

But Prime Minister Lee Hsien Loong believed a few casinos would give the city-state some added zing as a tourist attraction, especially for high-roller Chinese Communist Party officials who love nothing better than to gamble away state assets. So earlier this year two casinos opened in Singapore and last week the Straits Times newspaper published the first analysis by Bank of America-Merrill Lynch. Well, it seems efforts to dissuade Singaporeans from using the casinos by imposing a $70 daily levy and $1,500 for a year have not been successful.

Up to 60 per cent of the patrons are Singaporeans, who are betting the large amounts that were expected from the longed-for Communist party high rollers.

No Casino License for Marina Bay Sands?

This is unbelievable for a world class govt regulatory body CRA (Casino Regulatory Authority) to screw up yet again, for the second time in 6 months.

SINGAPORE – Marina Bay Sands may soon have to add another highly publicised delay to its name. MediaCorp has learnt the integrated resort has not received its casino licence, three days to go before its soft opening. And punters are not the only ones who may have to wait.

So far, MBS has received the Temporary Occupation Permit for its hotel up to the 35th storey, its Sands Expo and Convention Centre and casino areas which have been completed, according to the Building and Construction Authority.

The resort had said previously it plans to open 963 hotel rooms (which is up to the 22nd storey), part of the shopping mall and convention centre, celebrity chef restaurants along with other dining outlets and the casino on April 27.

When contacted, an MBS spokeswoman said it was "working tirelessly with the authorities to obtain the necessary approvals to open the property for Phase 1".

But analysts say there is a high chance it will have to go ahead without its casino.

"There may be specific requirements they have to meet and change accordingly after they get the casino license, so some time may be needed to make the changes," said International Club Games Training Center chief executive Ramachandar Siva. He thinks MBS may be "struggling" with, for example, the training and preparation of its staff.

A source close to MBS said one glitch the casino is trying to fix is its surveillance system. "All the cameras must be able to zoom in on the croupiers at all times and the synchronisation is not ready yet. They're not able to capture all tables simultaneously."

The analyst added: "Without the casino licence now, it's a lot of psychological pressure. MBS has sent out many invitations to VIP guests for the opening ... They need to make travel plans, so some of them may not come if they still don't know if the casino will open."

Resorts World Sentosa received its casino licence eight days before its opening on Valentine's Day.

Analysts are divided over how a possible delay of the casino may affect MBS. "It's a very serious matter ... This isn't good for MBS' reputation," said the source close to MBS.

But Chesterton Suntec International research and consultancy director Colin Tan said: "The casino is the least of their worries. They want to make sure their seminar facilities are up to the mark because it's their main selling point here. The casino is more for them to recover their capital ... with a possible delay, maybe they can't meet their expectations this year."

MBS was slated to open at the end of last year but construction woes postponed the opening. Its spokeswoman said MBS is now doing touch-up work on finishes and cleaning works; it is also holding simulation exercises to prepare staff to serve 2,000 guests for its opening.

Its first major event will be the the Inter-Pacific Bar Association 20th Annual Conference and organising committee chairman Yap Wai Ming said: "I'm not worried (that the venue may not be finished in time), but I'm a bit annoyed they're cutting so close to the event. It's affecting our sign-up for the event." - Today
===============================================

WORLD COSTLIEST CASINOS
SINGAPORE, April 26 (Reuters) - Las Vegas Sands is scheduled to open the Marina Bay Sands, the world's No.2 most expensive casino with a price tag of $5.5 billion, on Tuesday. The cost of building casinos has skyrocketted in recent years as firms build hotels, convention centres and retail and entertainment outlets in one integrated resort.

Following is a list of the world's costliest casino developments:
OPERATOR CASINO CITY COST (Billion)
MGM Mirage CityCenter Las Vegas $8.5 bln
Las Vegas Sands Marina Bay Sands Singapore $5.5 bln
Genting Singapore Resorts World Singapore $4.8 bln at Sentosa
Wynn Resorts Wynn LasVegas Las Vegas $2.7 bln
Las Vegas Sands Venetian Macau Macau $2.4 bln
Melco Crown Entertainment City of Dreams Macau $2.1 bln
MGM Mirage/ MGM Macau Macau $1.25bln Pansy Ho
Wynn Resorts Wynn Macau Macau $1.1 bln

Singapore Casinos - over paid and over budget

From: reborner
Subject: Singapore Casinos - over paid and over budget

Uncertainty over how long Singapore's casinos will take to break even
By Georgina Joseph | Posted: 30 March 2010 2016 hrs

Visitors walk towards the entrance of the Resorts World Sentosa casino
on Singapore's Sentosa Island.

SINGAPORE: Singapore's two integrated resorts with their casinos have
gone over budget, according to a panel discussion on the subject on
Tuesday.

The discussion was organised by the Singapore Press Club and Asia
Journalism Fellowship.

The panelists said the casino operators have overpaid for bidding and
building the two integrated resorts.

Resorts World Sentosa (RWS) spent S$7 billion on its development
instead of its original target of S$5.2 billion.

Marina Bay Sands will spend S$8.4 billion, up from the original S$5
billion.

The question now is how long they will take to break even, but the
panelists acknowledged it is still too early to assess their
viability.

However, they raised other issues.

They said that RWS appeals to a mass market. But with an estimated
daily taking of S$3.5 million, it seems to suggest they are not
breaking even yet.

Universal Studio's future is also questioned, once the novelty wears
off.

"My only hesitations about RWS is more to do with theme parks," said
Sean Monaghan, managing director of AG Leisure Partners. "Disney in
Hong Kong had a troubled start, so trying to predict the viability and
the feasibility of theme parks can be more problematic."

According to gaming analysts, Marina Bay Sands should draw in S$5
million a day in the initial stages.

It has also positioned itself to cater to a more niche market of high
quality gamblers, coupled with its MICE appeal.

Ronald Tan, a gaming analyst, said: "They have a very established
theme at the moment, and they have also the Macau casino, and a huge
data base of gamblers, quality gamblers from China... I think they
will capitalise on that as well."

The panellists said that the higher start-up costs would mean the
resorts must look for more ways to increase revenue.

- CNA/yb

RWS Casino - Pap humiliate Singaporeans

By Jamie Yeo - Treat_paying_citizens_better_at_casino
Jamie Yeo shares about her recent trip to the Sentosa IR casino and tells us why entry rules should be different for locals.

I visited the Resorts World Casino for the first time on Friday night and I don't think I'll be going back there anytime soon.

Don't get me wrong, I'll be checking out the rest of the restaurants there in the near future (I highly recommend Palio, the Tuscan restaurant at Hotel Michael.

I am not going back there because I think it's ludicrous that an entertaining affair like visiting a casino can become cumbersome and segregating.

I and many other Singaporeans were made to feel like animals, being herded and checked like 2nd rate citizens.

As if it's not bad enough that we're charged an exorbitant levy of $100 just to enter the premises, we have to endure a long and slow-moving queue at the entrance because our ICs have to be scanned by very slow machines that break down under the load, and get this, we Singaporeans have to endure a similar extremely long and slow-moving queue to leave the casino because yes, our ICs have to be scanned by very slow machines that break down under the load! I was appalled.

Look, I'm not complaining about the levy of $100. I'm sure the government thought this through and understands the bigger picture far better than I do.

But I do think scanning our ICs on the way in and out is a bit far out and almost hilarious. It really makes us a laughing stock among foreigners, especially in this day and age.

Anyone who knows me knows that I'm a patriot. I would defend our country, its values, and political ways till I go red in the face.

But I have to admit I'm finding it very difficult to come up with logical reasons to the stringent casino entry rules. Like I said, making me pay money...that's fine by me.

Just don't treat us badly by making the process tedious, embarrassing and inconvenient. I mean, we Singaporeans should be treated like VIPs having paid all that money just to enter the casino!

And the above is my most recent experience with gambling.

I don't gamble a lot to have accumulated that many experiences. I've been to casinos in Australia, Vegas, Macau and on cruise ships and I've only ever had fun! I set my loss limit to about $300 and I always stick to it. To me, it's all just for the entertainment of it all.

Poker games with friends are the best. Bets are kept small and the big winner of the night buys everyone supper.

I've never won a huge amount from gambling.In fact I did play that 10 million dollar toto, but think I won the smallest prize, what's the amount you get when you've got 3 numbers and the additional number? I have no idea. Haven't yet gone to claim my prize money. I just remember the amount being very insignificant.

Life itself is a gamble enough. I don't really need to get involved in serious gambling.

Anyway, I'm too much of a realist. However, if 50 bucks buys me some extra thrill while I'm watching a football match, then why not?

The writer is a Star Blogger with Stomp, The Straits Times’ social-networking and citizen- media website.

Singapore gambles on casinos to boost tourism

By Bernice Han (AFP) – 12 hours ago

SINGAPORE — Singapore opens the first of two casinos on Sunday as part of a campaign to attract millions of new tourists, but the rich city-state is not touting itself as a rival to glitzy Macau or Las Vegas.

Resorts World Sentosa, owned by Malaysian gaming giant Genting, will also feature Southeast Asia's first Universal Studios movie theme park.

The second casino complex, Marina Bay Sands, is currently being completed by US-based Las Vegas Sands and is expected to open in April.

Officials hope the casinos will help Singapore achieve its target of 17 million visitors a year generating over 21 billion US dollars by 2015, boosting the services sector and reducing the role of manufacturing in the economy.

Visitor arrivals fell to 9.7 million visitors in 2009, down 4.3 percent from 2008, but a surge in the final quarter of last year boosted the tourism industry's hopes that 2010 numbers will be better.

The arrival numbers include tourists using the island city-state as a jumpoff point to other Asian destinations.

Singapore hopes tourists will stay a little longer -- and spend a lot more -- as a result of the casino resorts.

Resorts World Sentosa is aimed at families, while Marina Bay Sands, located next to the banking district, is designed to cater to the corporate and convention crowd.

"Singapore's new casinos open up Southeast Asia as an entirely new market for multiple-billion dollar integrated entertainment," Jonathan Galaviz, an independent gaming industry analyst based in Las Vegas, told AFP.

A marine life park, a maritime museum, a spa and two more hotels will be launched at Resorts World Sentosa after 2010.

Singapore gave the green light for casino gambling in 2005, setting off a flurry of construction that went ahead despite the city-state slipping into recession in 2008 due to the impact of the global crisis.

The two "integrated resorts" will cost a total of over 10 billion dollars to build.

Unlike larger neighbours Malaysia and Indonesia, highly urbanised Singapore has no major natural destinations to offer and relies on man-made attractions such as shopping malls and wildlife parks to pull in tourists.

Galaviz said the Singapore casino resorts are not expected to compete "substantially" with gambling-driven Macau because the resorts are pitched at visitors who prioritise entertainment over gambling.

The success of Singapore's casino resorts will be measured by how the attractions outside of the gaming rooms perform, he added.

"It's important for everybody to remember that more than 90 percent of (Singapore resorts' facilities) have nothing to do with casino gaming," he said.

"The more important metric to gauge the ultimate success of the (resorts) will be the non-casino revenue such as hotel rooms, retail, and restaurants."

Galaviz says Singapore's gaming market is expected to generate revenues of two billion dollars annually, which will be significantly lower than what Singapore residents already spend annually in legal gaming.

Figures from Singapore Totalisator Board, the city-state's sole legal betting operator, showed 5.77 billion dollars were wagered on horse racing, football matches, among others, in the year to March 2009.

Casino Staff rejected by CRA (casino authority of Singapore)

Look like casino will be opening only next Christmas.

Applications to work at gaming tables rejected by the authorities

By Jessica Lim & Lim Wei Chean

IT WILL be months before the first cards are dealt at Singapore's two casinos, but several employees have already been fired because of stringent rules that dictate who can work there.

Resorts World Sentosa (RWS) has fired more than 30 casino employees, while Marina Bay Sands (MBS) has also told an unknown number of workers to go.

The Straits Times understands that the workers' applications to work at the gaming tables were rejected by the Casino Regulatory Authority (CRA).


CASINO CONTROL ACT
(CHAPTER 33A)

Investigation and determination of application
85. —(1) The Authority shall investigate and consider each application for a special employee licence, taking into account any submissions made by the applicant within the time allowed, and shall make an assessment of —

(a) the integrity, responsibility, personal background and financial stability of the applicant;

(b) the general reputation of the applicant having regard to character, honesty and integrity;

(c) the suitability of the applicant to perform the type of work proposed to be performed by the applicant as a licensee; and

(d) any other matter relevant to the application.

Cancellation, etc., of special employee licence
93. "grounds for disciplinary action" means any of the following grounds in respect of a special employee licence:

(a) that the special employee licence was improperly obtained in that, when it was granted, there were grounds for refusing it;

(b) that the licensee has been convicted or found guilty of —

(i) an offence under this Act;

(ii) an offence arising out of or in connection with the employment of the licensee under this Act; or

(iii) whether in Singapore or elsewhere, an offence involving dishonesty or moral turpitude;

(c) that the licensee has contravened a condition of his special employee licence;

(d) that the licensee has failed to provide information that he is required by this Act to provide or has provided information knowing it to be false or misleading;

(e) that the licensee has become bankrupt, applied to take the benefit of any law relating to bankrupt or insolvent debtors, has compounded with his creditors or made an assignment of his remuneration for their benefit;

(f) that for any reason, the licensee is not a suitable person to be the holder of the special employee licence.

Harsh on drugs but promoting gambling

From: "truth"

Subject: Re: Harsh on drugs but promoting gambling

Australians are not so addictive to gambling as Chinese Singaporeans.
That is one point which the papist leegime overlook in their
rush to boost the economy by opening up two casinos. Loan sharking
is already such a pervasive problem in Singapore due to this inherent
traits of the Chinese Singaporeans. Opening of the Casinos will
vastly aggravate this problem. Legislation has not and will not solve
the problem. Education is the key. However the education system in
Singapore has swayed into overdrive on entrepreneurship and risk
taking which basically is gambling.
The papist leegime is bankrupt of ideas as to how to move Singapore
forward. So long as they placed their stranglehold on power over the
freedom and democratic rights of Singaporeans, they will languish in this
dead end. No amount of juggling and monkey tricks will get them out
of this mess.

"icon" wrote in message
> Does Australia has any Casino Self Exclusion?

> The stock market is a huge gambling den, do you agree?

> "truth" wrote in message

>> Apply for Casino Self-Exclusion Here...

>> You can apply for self-exclusion here:

>> http://www.stopproblemgambling.org.sg/casino_exclusion.html
>> I got my whole family to do it.

>> I was reading through stories about problem gamblers in Australia
>> serveral months ago. In many cases they were passing by the casino (back
>> from the cinema, restaurant, supermarket) and were drawn by the bright
>> lights. They decide to go in play a few rounds on the slot
>> machines(pokies) and before they know it they were hooked. Companies
>> making slot machines program these machines with lights and sounds to
>> trigger plenty of endorphins (pleasure inducing chemicals) to be released
>> in your brain when you win. In fact they hire Phds to research how to get
>> players hooked on their slot machines. Why do people get addicted to
>> drugs? Drugs like marijuana cause the release endorphins in the brain and
>> cause a craving for more. In Singapore we hang people who bring in
>> marijuana but allow the slot machines in clubs. Why? Problem gambling is
>> just as harmful as drugs - just look at the 12,000 loan shark harassment
>> cases year to date. Many, I believe, are the result of gambling.

>> Before the govt even decided to build casinos to added to the problem, it
>> was already a problem for many families and the harm caused by gambling
>> is no less than that caused by drugs. Why are we so harsh on one problem
>> and so lax on the other? I can't believe the poster at one Singapore
>> Pools outlet I passed by the other day - it warned people about gambling
>> by asking them to gamble within their means. The poster is found here

>> This ridiculous message is reflective of the effort our govt to put in to
>> tackle the gambling problem. If you follow what the what the poster says,
>> it is actually asking you to start gambling (responsibly?) as if it is a
>> good thing like exercise - the correct message should be don't gamble or
>> don't learn to gamble or don't start gambling or stop gambling. Most of
>> these so-called "responsible gambling" campaigns are run by casino
>> operators or online poker website operators. It is similar to the
>> "Children don't smoke" campaign run by cigarette companies - the
>> underlying message is children don't smoke so you're very adult to do so.
>> How do people become problem gamblers? They start by playing light You
>> don't go around telling people taking recreational drugs occasionally for
>> pleasure is okay. It sends the wrong message by telling people there is
>> something called "responsible gambling" ...that gambling can be good.
>> They should tell people gambling is bad and it can lead to harm. I'm not
>> suggesting the govt ban gambling outright but the campaign message has to
>> be that you do it at your own risk of harming yourself and your family.
>> This govt is so strict it censors what we watch and read. Yet it allows
>> something as harmful as gambling to proliferate and the related problem
>> of loan sharking to grow. The govt's limited effort in this area has been
>> disappointing and that is why many Singaporeans believe the casino will
>> bring more harm than good.

Going will be very tough for Singapore casino

From: yansimon52
Date: Fri, 10 Jul 2009 18:55:08 -0700 (PDT)
Local: Sat, Jul 11 2009 9:55 am
Subject: Re: Going will be very tough for Singapore casino

On Jul 10, 9:50 pm, "truth" wrote:

> No doubt about it. There is no way the two Singapore
> casinos can escape the drastic downturn in the gambling
> industry.
> No amount of pap Leegime and state-controlled media
> propaganda will help.
> These two casinos will bleed the owners to near death
> when the pap Leegime will have to step in to rescue them
> with Singaporeans' money.

On this I totally agree with you.....,common 'man........Genting 40
yrs survival is largely due to their environment (ie. the changes of
environment .ie. cool climate)....and the support of the malaysian
chinese gambler coming from all all the malaysian states....right up
to the east malaysian side.......can say that their population of 17
million malaysian are able to support the survival of Genting
comparing to 4 million sgian will be supporting this not 1 but 2
casinos.
Presently, Genting not only depend on casino taking for
survival......they got 4000 plus rooms and that is another source of
income foe Genting.....almost every weekend packed with
tourist..beside the usual asian tourist (ie. thai, Indon,sgian and
china)....nowadays, they got Indian and middle eastern patronising
Genting

Eventhough Genting got a very large pool of tourist patronising them
when you gamble during one of the weekday's nite @ 3am........out of
10 tables they (Genting) closed 8 tables.....reason is.......no
players around to justify all tables to be opened.

Sg........a tiny island with 4 million ppl and a new kid on the block
in this casino biz........and with 2 casinos opening soon......you
think sgian got alot of money to gamble there meh?.....halo....to
gamble at casino hor.........you must bring 'cash' lor........you
think can gamble on credit meh?

As one can see that........nowadays, due to the slow economy....every
average and below average sgian.......all waiting for the govt to
handle out money lar............if not all, sooner or later got to
hang around the void deck.....even avoid sitting at coffeeshop
lar.........cos, sitting at coffeeshop got to pay for the cup of
coffee lar.

In this situation, you think those ah peks and ah sohs got money to
gamble at casino ah?

Don't believe....just go around at nite with loudspeaker at Toa Payoh
and shout.......'.halo who want to gamble'................hardly ppl
respond lar........well, most chinese want to gamble......but where


From: Zanzibar
Date: Fri, 10 Jul 2009 19:29:06 -0700 (PDT)
Local: Sat, Jul 11 2009 10:29 am
Subject: Re: Going will be very tough for Singapore casino

On Jul 10, 9:50 pm, "truth" wrote:

Time changed. The seas of events had changed our lives. Our wants and
needs have changed. The excitement of having some fun of gong to the
casino in style is over. The thrill of ringing jackpot machines is
lost. The idea of making money from casino is lost, too. People lives
have changed. Wants and Needs are different now and are in differrent
priorities.

Singapore's perrienal problem of being identified as the only country
with unstable economic problems - recession in and recession out,
makes singaporeans jitters with "fear" and foreign talents "worries"
about Singapore's instability of jobs and no income and no salaries
and no social benefit and flat being downgraded by foced sales, etc.
All these are hugh "fear making problems" in comparsion to other
nearby countries. In short casinos will not save our country.


From: baldeagle
Date: Fri, 10 Jul 2009 19:53:05 -0700 (PDT)
Local: Sat, Jul 11 2009 10:53 am
Subject: Re: Going will be very tough for Singapore casino

Times have changed...but the character of people don't change..

Two behaviour trait in human have not changed for thousands
of years....lust (sex), and greed (gambling). That the reasons why
prostitution and gambling had existed from early days...Prositution
and gambling will not be with us until the end of mankind.

In good time, people gamble for the fun of it...in bad times more
people will gamble...try their luck.

The casinos will survive...but the resort hotels and spas...and
venues for high life may not survive.

PRC workers in Marina Bay Sands Casino strike over pay

From: Zanzibar
Date: Fri, 29 May 2009 09:13:11 -0700 (PDT)
Local: Sat, May 30 2009 12:13 am
Subject: Re: PRC workers in Marina Bay Sands Casino builders strike over pay

On May 29, 6:58 pm, "kingkong" wrote:


> PRC workers working in Marina Bay Sands threatened strike action for poor
> working condition and pay.
> The US$3000 monthly salary not enough for them ??

The new law that put in place last month had forced local media not to
report any strike or protest without an approval, showed that now the
news of them had to be reported by others outside of this country.

It is strange that this means Singaporeans are now denied of knowing
what was going on in singapore on a slective basis and now have to
read foreign news in order to know what was on in their own country.

Eventually, no Singaporeans including PRs and foreigners will be
reading foreign news in order to know what was on in this country. The
local news media will have to close down as they bgin to distrust the
local media from it.


Next time even shitting and eating also need approval.