Casino will fail
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Originally posted by ☃®:
Ironic isnt it? Casinos generates wealth but also takes away wealth in a split second. Anything which does this isnt a simple one, its a behemoth.
Casinos - the good and the bad -
Originally posted by Fantagf:
rim acts as arbitrator, mediatorRim is always the blind spot between the different media.
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I dont know about this but i can see new sectors opening up with the financial-security climate of Singapore. There could be new departments opening up within SPF, CAD, CNB ect = more jobs.
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Originally posted by Chew Bakar:
Rim is always the blind spot between the different media.
possible. -
Originally posted by sm93:
i was once proud that im in a country that does not operate such big gambling industry in my homeland. now i feel rather ashamed that the casino will be opening soon.
Gambling is already a problem here yet they are still pursuing with the opening of the casino. so whats the ad on stop gambling whereby mark lee asked his daughter for money for? it's so contradicting. we all know that gambling has and had been a source of family problems, no one can deny that.
i can forsee the future whereby this county will become corrupted in a sense that ppl will loan money from loansharks to gamble, people will go for broke while they gamble resulting in bankruptcy, etc.
furthermore i would like to highlight whats up with the free jobs to foreigners? tourist will come over to singapore and see that the staffs are made of PRC, pinoys, thais,m'sians (no pun intended to any) hold on one sec,are they singaporeans? definitely not! we have to (if not must) use singaporeans as staffs or else tourist might think that singapore is part of china.
even if sombody starts a petition (again) to stop the opening of the casinos, it'll be swept into the dark just like that
U can throw your ethics out of the window. Singapore needs to survive.
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If the casino were successful the govt will rake in so much more tax revenues and hence will be able to do so much more things, like maybe reduce taxes for the population maybe
or give more rebates.. social aspects aside, if the population were to be responsible and all that, Casino may not be so bad.. Y would anyone want it to fail? -
Originally posted by ulquiorra87:
If the casino were successful the govt will rake in so much more tax revenues and hence will be able to do so much more things, like maybe reduce taxes for the population maybe
or give more rebates.. social aspects aside, if the population were to be responsible and all that, Casino may not be so bad.. Y would anyone want it to fail?
Nobody is sure if casino is successful govt will reduce taxes, or give more rebates. At the rate they are going, better not expect this from them. -
Originally posted by ulquiorra87:
If the casino were successful the govt will rake in so much more tax revenues and hence will be able to do so much more things, like maybe reduce taxes for the population maybe
or give more rebates.. social aspects aside, if the population were to be responsible and all that, Casino may not be so bad.. Y would anyone want it to fail?
Success or not, i doubt we'd see the benefits trinkling down to us. -
statistic already show 3 workers died from the construction and about 150 others got injured from minor to major mishap. IR very sway one....
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Originally posted by angel7030:
statistic already show 3 workers died from the construction and about 150 others got injured from minor to major mishap. IR very sway one....
IR sway, go tell it to your beloved lau hero -
Originally posted by Fantagf:
IR sway, go tell it to your beloved lau hero
Told him already, but he said, no choice, already committed liao, die die must carry on. Even if it is a mistake, tell the peoples it is an honest mistake. -
ghosts seen in casino??
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ulquorra,
shut up.
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It wont fall, many pple will come and throw money into the casino.
Over times, visitors will drop and $100 per entry will be waived too.
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No it will fail indeed. They are just buying time. It will fail and it will fail pretty fast . . .
World's Largest Casino Opens in China -
Singapore Says Casinos May Support Growth Amid Sluggish Exports
January 11, 2010
By Shamim Adam from Bloomberg
Singapore’s first casinos and the opening of new pharmaceutical factories will support economic growth this year as overseas demand may remain weak, Trade Minister Lim Hng Kiang said today.
“External demand will continue to grow but at a sluggish pace,” Lim said in response to a question in parliament.
“Domestically, the opening of new facilities for the chemicals and biomedical manufacturing clusters as well as the opening of the Integrated Resorts will also provide a boost to growth.”
The island, seeking to reduce its dependence on electronics manufacturing, is allowing casinos to operate in the country for the first time and has lured investment in pharmaceutical and bio-technology industries. Genting Singapore Plc unit Resorts World Sentosa plans to open part of its $4.5 billion project this month, and Las Vegas Sands Corp. says it may open the Marina Bay Sands in April.
Singapore’s economy shrank for the first time in three quarters in the October-to-December period as weaker manufacturing output interrupted the island’s rebound from its deepest slump since independence in 1965. The nation will probably avoid sliding back into a recession amid an “uneven” recovery in 2010, Lim said.
“The risk of a return to recession is low in the absence of further financial shocks,” Lim said. “But growth momentum in the second half of 2010 may slow down as the effects of global fiscal stimulus measures and inventory restocking wane.”
The economy will grow 3 percent to 5 percent in 2010, the minister said, reiterating a previous forecast.
Labor Market
Singapore’s labor market has “stabilized” as business and hiring sentiment have picked up in recent months, Lim said.
More companies were planning to increase their headcounts in the last quarter of 2009 compared with earlier in the year, he said.
“The unemployment rate, however, is likely to stay up for some time as it typically lags economic recovery,” Lim said.
The minister reiterated a government forecast that inflation will average between 2.5 percent and 3.5 percent this year. Low domestic interest rates reflect global conditions, he said.
The island has maintained a “robust” financial regulatory framework that is well placed to meet stringent global standards, helping attract funds to local markets, Lim said. – Bloomberg
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But lky can surely try and in fact must to buy time so try they did with the casino. We'll see how it goes and I'm sure I'm going to end up laughing at the attempt.
What was it the last time let's see:
Electronic hub, then bio engineering hub then chemical hub none of which Singapore is well known for today. They'll ended up with another fail attempt to imitate other more successful country with the casinos too.
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First the hype and good publicity stunts and PR then soon enough truth strikes then it will fade in silence. The leaders are lacking ingenuity and are running out of patiencet and are expecting instant results. They'll be met with instant failures too well a decade is instant enough for a country. Most of their plans fail much shorter than a decade anyway.
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Think last time got someone said "over his dead body" to let casino open in S'pore.
We still have a little bit of time left for his words to come true.
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that proves that someone is now desperate...whatever rakes in money can do! and in fact must do.
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Frankly speaking, as a globe trotter, I have never seen a casino go bust, most are making money. So, i think singapore casino will not fall, however those theme parks may suffer because of hot whether and competition from elsewhere like Disney in Hk and coming up in shanghai can give you better for money within a cool atmosphere.
Talking about Lee Ka Sing and Stanley Ho, one of the richest in Asia, and they are all in Casinos business, I think singapore IR will make money.
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Nah casino will not fail
read this..
Home price rise reflects demand, nöt a bübblë: DBS
Conrad Tan
The Business Times
Wednesday, 13 January 2010The recent sharp rise in private home prices here is nöt yet indicative of a bübblë and prices could ïncrëäsë further, DBS Group research head Timothy Wong said yesterday.
The group's research team expects hïgh-ënd private home prices here to rïsë a further 10-15% this year, while mid-tier home prices are expected to rise 5-10%. It expects any increase in the price of mass-market private homes and public housing to be relatively muted
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Time will tell . . . .that the casinos will fail
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Originally posted by Miracles&Prophecies:
Time will tell . . . .that the casinos will fail
I think the casinos should not fail... however how big it is of benefit to the economy is questionable.
I have a gut feeling it is overhyped but I could be wrong.
Kind Regards
Genie
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Originally posted by Miracles&Prophecies:
Time will tell . . . .that the casinos will fail
hello, told you how many time already, Casino will not fall, no matter what, it will not fall, Singapore peoples may fall, but Casino will not fall, even if it is not doing well, govt will help by pouring billions into it again, so simple, just change the CPF withdrawing policy again or increase Gst and other cost of living, I am sure they can support the IR casinos forever. Understand or not?