Gaming consultant warns that Singapore IRs may not be profit
-
Originally posted by the Bear:
we don't have to go you know?
Government knows there will free money from Singaporeans and PRs who cannot resist the temptation.
I must admit they are smart in this sense.
They don't have to lift a finger to do anything and money just flows into their pockets.
-
Just pray that the dont start giving more licence for casino. Macau start with 3 and ended now with free for all.
Macau has 30++ casinos and weekend hotel rooms are full. Each casino twice the size of genting AND GDP almost equal to Singapore where 90% from gaming. So forget abt discussing whether casino will stay or not, the question should be when they would recover their investment. The first 3 casino in Macau recover the investment within 8 months. Singapore casino will recover the investment in 2 yrs max. I am sure after the election they will give at least 3 to 5 more license for new casino.
-
u are sure? 5 to 8 casinos build where? And there's already so much resistance to these 2 casinos. Macau has the chinese hinterland, what about us?
-
eh rock star. u tink singapore got no land? u see ah. we can make 80% of the population live in HDB, which total land area is smaller than army camps and training areas. look at how many nature reserves there are in singapore. theres so much space. just because we haf a lot of people, doesnt mean we dont have enough land. th garment v smart, reserve alot of land to build all these kind of investment thing so they can earn more money. resistance is one thing. government and PAP is another.
-
Originally posted by Rock^Star:
u are sure? 5 to 8 casinos build where? And there's already so much resistance to these 2 casinos. Macau has the chinese hinterland, what about us?
Singapore got SEAsia and China combine. It takes only 3 hrs to fly from China to Spore. -
Originally posted by Rock^Star:
u are sure? 5 to 8 casinos build where? And there's already so much resistance to these 2 casinos. Macau has the chinese hinterland, what about us?
Singapore got SEAsia and China combine. It takes only 3 hrs to fly from China to Spore. -
Interesting constrast......while i am not advocating execution but would like to see some accountabilities.
“The good thing about Singapore is that if you flop, you are given a second chance.”
So long the venture is spear-headed by the PAP, it can afford to flop many times and still given a chance.North Korean finance chief executed for botched currency reform
Pak Nam-gi killed by firing squad after currency reform worsened markets, but many see him as a scapegoat
-
Originally posted by Arapahoe:
Interesting constrast......while i am not advocating execution but would like to see some accountabilities.
“The good thing about Singapore is that if you flop, you are given a second chance.”
So long the venture is spear-headed by the PAP, it can afford to flop many times and still given a chance.North Korean finance chief executed for botched currency reform
Pak Nam-gi killed by firing squad after currency reform worsened markets, but many see him as a scapegoat
Some time back in the 1980s - when it was still PM LKY, he said aloud his admiration for the Japanese sense of honor and personal integrity - in which the Chairman of the Corporation will take personal responsibility for any serious mishap that affects the good name of the Corporation - and resign.Such was the high value that was treasured, which PM LKY explained was a carry-over from the Bushido spirit - which demand personal sacrifice in the face of major failure as reflected in the Japanese practise of 'Hara-kiri' or disembowelling in WW2.
Ironically, it was just a fleeting moment of fancy - which in his typical ways were intended for Singaporeans to adopt but not for himself nor his own PAP to practise.
For all the failures that he has been admitting since stepping down as PM - LKY will have to have a tough stomach to withstand the number of 'Hara-kiri' wounds that he will need to inflict on himself.
In the style of MM LKY, it has always been - "do as I say, and not do what I do".
-
if not, u go universal studio and ride the roller coaster..the highest in the world leh. When u finish, u can call yourself a high rollers,
talking to you is same as looking for hostess in nightclub. bei tha han you!!
-
Originally posted by Rock^Star:
u are sure? 5 to 8 casinos build where? And there's already so much resistance to these 2 casinos. Macau has the chinese hinterland, what about us?
You think they really listen and care about Singaporeans?
Almost every policy that comes out of parliament is dumped onto the population without any regard.
If they want 100 casinoes and claim that is the way to go, it will be done.
-
Difficult for IRs to be profitable, all the money is in the hands of the government, our money supply is pathetic compared to other capitalist economy.
-
When novelty wears off, they will see red.
-
red is aspicious to LKY, his favorite color is red.
Singapore is like this, the more you talk, the worst it get.
the more you hate them, the more they make you hate them
and the more you criticise them, the more stubborn you make them..
...just like someone here clearly put it, if you talk somemore about casinos, they will built another 100 more and see what you can do...talk lor...
-
The only winner in the casino- the government.
Free money coming in without doing anything.
-
i wonder why IR will not profit?
SG ppl
Hello,
you went to IR casino before?
Me no le
you, no went before hahah, so funnie
then no face sia, I better go sia
Monkey see Monkey do
-
Originally posted by noahnoah:
i wonder why IR will not profit?
SG ppl
Hello,
you went to IR casino before?
Me no le
you, no went before hahah, so funnie
then no face sia, I better go sia
Monkey see Monkey do
Untrue
Lose more face pay $100 to enter and lose money.
-
they got a 140 local scholars cum thinkers advising LKY on the singapore outlook, and finally they come out with this casino idea...they planned and do it...You think it is going to fail??? my left foot
-
Originally posted by Dondontan:
Untrue
Lose more face pay $100 to enter and lose money.
no watin sg
u can have no money
but must have face one
-
Originally posted by noahnoah:
no watin sg
u can have no money
but must have face one
Any logic? -
Originally posted by angel7030:
they got a 140 local scholars cum thinkers advising LKY on the singapore outlook, and finally they come out with this casino idea...they planned and do it...You think it is going to fail??? my left foot
Well, he had the same 140 scholars advising him on the Merrill Lynch purchase, yet he lost almost everything if not for the BAC M&A.
-
Originally posted by angel7030:
they got a 140 local scholars cum thinkers advising LKY on the singapore outlook, and finally they come out with this casino idea...they planned and do it...You think it is going to fail??? my left foot
you can used your left feet to fuck yourself......
-
Originally posted by βÎτά:
Well, he had the same 140 scholars advising him on the Merrill Lynch purchase, yet he lost almost everything if not for the BAC M&A.
No casinos in the world ever lose money. As for Spore govern to be in high finance, they are destined for chewed up. You dont need 140 sholars to win, u need one men with 140 yrs experience still only 20% chance to succeed.JP Jamie Dimon, Lehmen's Fuld Dick, Merrill's O'Neal and the Americans had prepared for we Stupid Singaporean to be screwed.
-
Well, he had the same 140 scholars advising him on the Merrill Lynch purchase, yet he lost almost everything if not for the BAC M&A.
clap clap clap!!!
-
disney land hk maybe has 141 experts advicing hk that it works well for hk. it keep losing money until now. dispite the backup from mainland chinese tourist.
frankly speaking, what do you think will make singapore IRs works? weather so hot! go outdoor themepark, half day u wana run liao. raining cannot play, thunderlighting cannot play.
if u look at the themepark, it was often build in a country with a big domestic market to support. in the case of hK, it fails! in the case of macau, if china clamp down in visa, it fails!
after happen after 1st year of hooha!?
-
Originally posted by reyes:
disney land hk maybe has 141 experts advicing hk that it works well for hk. it keep losing money until now. dispite the backup from mainland chinese tourist.
frankly speaking, what do you think will make singapore IRs works? weather so hot! go outdoor themepark, half day u wana run liao. raining cannot play, thunderlighting cannot play.
if u look at the themepark, it was often build in a country with a big domestic market to support. in the case of hK, it fails! in the case of macau, if china clamp down in visa, it fails!
after happen after 1st year of hooha!?
Are u sure HK Disney is losing money? HK attracted 10 times more tourists than sg. Many of them are repeating tourist for shopping and eating. They are definately better than sg on tourism. PPl there are more polite and service oriented now compared to the past and with VAT free..things are alot cheaper than sg.As for Macau, communist chinese are too fearful of the effect of a bankrupted Macau than letting its ppl go on free for gambling.