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Casino gambling fall in here!!!

CoffeeMe said:
It has been awhile since i post here. Bro Silverfox, how are you doing? Hope you are doing fine.
Well, for me, nothing new, been losing and thinking, casino is a one time experience. Seen many diff kind of ages in casino, it draws me a conclusion that; sooner or later, any men, especially chinese asian will defenitelly have a gambling habit, it is jsut the time. maybe his 30s, 40s or 50s, worst 60s when money is no longer as usefull when he's young. I remembered ask you few questions on BJ, it works when me and cousin used it (the basic strategy) :) but too bad i am so hooked to the slots and has been losing too. well, not all bad news, i won twice a major JP :)
Anyway, just wanna say hi and take good care of your self. If you are winning, please win more, because i has been losing :)
Click to expand...

I am quite surprised that you guys still gambling in casinos :D
 
anyone has the phone number to call for booking of leisure world ?

is it still boarding from Taneh Merah ? or Harbour Front ?

I long time never go already... :)
 
.


Business Times - 30 Jul 2011


Casino regulator ready to take adversarial approach if needed

CRA chairman also explains importance of robust anti-money laundering framework

By GRACE LEONG

SETTING up the legal framework for Singapore's nascent gaming industry was the result of a deliberate calibration of laws from various gaming jurisdictions, the chairman of the Casino Regulatory Authority said yesterday.

Should the government fail to maintain rigorous gaming regulation, that would undermine public confidence not only in the gaming industry, but also in the ability of the political leadership to maintain public trust, CRA chairman Richard Magnus told lawyers and business leaders at the 23rd annual Singapore Law Review lecture at the National University of Singapore.

To that end, he defended measures implemented by the CRA to keep the industry honest, including intrusive background investigations of its management and employees, stringent licensing and strict enforcement.

Mr Magnus's insights on the workings of the CRA and its regulatory principles come ahead of its first comprehensive on-site inspection of the casinos at Marina Bay Sands and Resorts World Sentosa to be held at the end of the year.

'The CRA will insist on prescribing detailed internal control standards, inputs to systems and specific activities for high risk areas, such as processes that have a material impact on gaming integrity,' he said.

'It may be an inevitable process that we, as a new regulator, would need to go through approving detailed internal controls in the beginning, particularly in the higher risk areas, so that we are assured that the initial regulation is tight enough.'

But Mr Magnus acknowledged that it was a balancing act coming up with sufficiently stringent regulations to maintain the industry's integrity while not overly encumbering the two casinos' operations.

Because the CRA is a young regulator of a new industry in Singapore, Mr Magnus said, it had to consider how to bridge the knowledge gap as the regulated entities, including the casino operators, gaming machine manufacturers and vendors, would have more industry experience and domain knowledge than the CRA.

'Is it possible to incentivise voluntary self-disclosure and compliance, especially in areas which may be commercially disadvantageous?' he asked.

While the CRA is fairly confident that it has 'mature licensees' who know the business and understand how to act in their best interests, there is always the possibility of market failure, he said.

'There will be cases where the casino operator will not view self-disclosure as a win-win situation . . . no matter how logical we may think it is. Hence, the CRA will not hesitate to take a tough regulatory stance and an interventionist, adversarial approach should the situation require.'

On the issue of junket licensing, he noted that because of the large sums of money transacted by junket businesses, it is critical that junket operators are well-regulated to ensure that they don't provide a cover for crime syndicates to engage in crimes including money laundering.

Having a robust anti-money laundering framework for the casinos is crucial to safeguarding the reputation of Singapore - one of the few jurisdictions that licenses junket promoters - as an international financial hub, said Mr Magnus.

The local legal industry is preparing to deal with issues that the integrated resorts will throw up in the coming years in areas such as tax, employment, technology, competition and criminal law, said Deborah Barker, KhattarWong partner and head of litigation & dispute resolution.

Case in point, the casino credit policy of MBS came under the spotlight when Lester Ong Boon Lin, a patron, contended that his $250,000 gambling debt was not recoverable because he allegedly wasn't a premium player and that the credit he was given was allegedly unsolicited. That case is pending in the High Court.

'The Philippines has just announced plans to build its own version of our integrated resorts in direct competition with us, while Japan is said to be considering a similar idea. All eyes are upon us,' Ms Barker said. 'This will include close observation as to how the Singapore model works and how we deal with related legal issues.'




Copyright © 2010 Singapore Press Holdings Ltd. All rights reserved.





.
 
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Business Times - 21 Sep 2011


Macau gaming in clutches of shadowy junket operators

Industry affected by Chinese triads, lax regulation: cables

By GRACE LEONG

(SINGAPORE) Recently released WikiLeaks memos criticise the Macau government for poor oversight of its gaming industry, which US government officials say is influenced by Chinese triads through Macau's junket operators.

While Las Vegas casino executives in Macau 'carefully avoid public statements that imply criticism' of oversight of the gaming industry, they expressed their frustrations with the Macau Gaming Inspection and Coordination Bureau (DICJ) in private discussions with US consulate officials, according to the leaked memos.

These cables, nearly 600 in all, document private discussions about Macau and its gaming operations between the US Consulate in Hong Kong and the US government from 2006 through 2010.

Gaming executives in Macau called the DICJ a 'lethargic organization whose oversight of junket operators has done little to stop illegal wagering in Macau,' Joseph Donovan, former consul general for Hong Kong, told US government officials in a Jan 23, 2009 memo.

'While the DICJ is comfortable with the current statutory and regulatory framework governing the casinos, private sector leaders have noted many loopholes that enable junket operators - and the casino concessionaires themselves - to enter legal grey zones with little fear of investigation,' Mr Donovan said.

'They alleged junket operators are routinely licensed after cursory DICJ investigations, while the DICJ doesn't enforce its own reporting requirements when junkets grant credit to players,' the cable said.

In a separate cable on Oct 23, 2008, Mr Donovan said Las Vegas gaming executives in Macau believed the junket operators 'are directly or indirectly involved with organized crime in Macau and the mainland.'

'Macau's gaming executives criticized Macau's government as unsophisticated, opaque in its decision-making and hamstrung by a recent corruption scandal.'

Gaming executives from Las Vegas Sands and MGM Resorts International also accused DICJ of 'turning a blind eye to widespread illegal practices such as sidebetting.'

Side-betting occurs when junket operators, who supply VIP players to Macau casinos, also have a secret wager with their clients.

It is a problem for casino operators and gaming regulators in Macau because it cuts out the casino's take as well as a 40 per cent gaming tax for the government.

In response to criticisms of DICJ's junket licensing practices, DICJ head Manuel Joaquim das Neves was cited in the 2009 memo to have said: 'If you make hard rules in the beginning, no one applies. So we forgive small crimes in an applicant's background.'

When asked which regulations need to be tightened to improve oversight, Mr das Neves said: 'We're looking to raise the casino entrance age from 18 to 21.'

Mr das Neves didn't respond to requests for comment on the WikiLeaks memos.

Meanwhile, the 2008 WikiLeaks cable also confirmed long-held suspicions that China's move to tighten restrictions on the flow of its citizens to Macau in 2008 and 2009 was aimed at curbing corruption and 'stemming the rise of organized crime' by Macau junket operators.

'The perception is widespread that, with the implicit assistance of big junket operators, some of these mainlanders are betting with embezzled state money or proceeds from official corruption, and substantial portions of these funds are flowing to organized crime groups in mainland China, if not Macau itself,' Mr Donovan told US government officials in October 2008.

According to the cable, a senior US executive said provincial officials in China 'increasingly provided 'sweetheart' deals to junket operators... in exchange for bank deposits or cash sums paid to the officials upon arrival in Macau.'

Mr Donovan also noted casino operators 'regret' the growing power of junket operators, which account for most of the Macau casinos' earnings.

He said junket operators were paid at least US$2.1 billion in 2007, or 35 per cent of gaming revenues generated by junket players.
 
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Business Times - 21 Sep 2011


WikiLeaks shows how LVS played its chips in Macau

Cables reveal Ho- Adelson animosity, different approaches towards Chinese govt

By GRACE LEONG

(SINGAPORE) Revelations of strained relations between Macau casino tycoon Stanley Ho and Las Vegas Sands (LVS) chairman and CEO Sheldon Adelson, and the different approaches of US casino operators towards the Chinese government have emerged in the latest confidential cables obtained by whistle-blower group WikiLeaks.

According to one cable, former Macau chief executive Edmund Ho - in talks with former US consul-general for Hong Kong Joseph R Donovan Jr on Feb 13, 2009 - downplayed concerns of growing anti-American sentiment in Macau amid a slump in the gaming sector, while affirming Macau's commitment to a level playing field for all investors.

The documents cited the former Macau chief executive saying that several anti-foreign investment comments allegedly made by Mr Stanley Ho in 2009 'reflected his personal animosity towards Mr Adelson'.

'Stanley can sometimes be a crybaby. He isn't against foreigners. He just dislikes Sheldon, and vice versa,' the ex-Macau chief executive told Mr Donovan.

The two gaming billionaires had criticised each other publicly on occasion since 2002, when Mr Stanley Ho lost his 40-year monopoly in Macau.

Representatives from LVS and Mr Stanley Ho's SJM Holdings didn't respond to requests for comment.

Mr Donovan also told US government officials in 2009 that the former Macau chief executive had said his government would be 'flexible in reviewing LVS asset sale requests, and would allow LVS to bring in strategic partners if necessary'.

'(Mr Edmund Ho) said the central government in Beijing wants US interests in Macau defended, even though they will not come out and say that publicly,' Mr Donovan said.

Meanwhile, the WikiLeaks documents also shed light on relations between LVS, Wynn Resorts and MGM Resorts International, and the Macau government.

In conversations with former acting consul-general for Hong Kong Christopher J Marut on Sept 24, 2009, LVS executives criticised Macau government policies relating to foreign worker visas, gaming regulation and oversight, and infrastructure development.

LVS preferred to deal directly with mainland Chinese officials rather than with Macau officials, through government outreach efforts to boost visitor traffic from China to Macau, documents say.

Wynn Macau, on the other hand, chose to not 'go over the heads' of Macau officials to avoid appearing disrespectful, preferring instead to focus on VIP players who are less affected by China's visa restrictions.

In fact, Steve Wynn would arrange to meet privately with Macau's chief executive during his quarterly visits to Macau, according to a Wynn Macau executive cited in the documents.

'As a free-rider on LVS's outreach programme in Beijing, Wynn stands to benefit modestly from potential LVS successes, while remaining largely immune to the possibility of Macau government retaliation,' Mr Marut said.

Wynn Resorts representatives could not be reached for comment.

In contrast, Mr Adelson 'highly values direct engagement in Beijing', according to former Sands Macau CEO Steven Jacobs in the 2009 WikiLeaks cable, especially given the 'impact of Beijing's visa policies on the company's mass market operations in Macau'.

According to Mr Jacobs, LVS restarted its government outreach efforts in Beijing in 2009 with 'great success' just months after China forced the company to close its US$100 million Adelson Center for US-China Enterprise in Beijing.

The Adelson Center, a conference centre aimed at promoting dealings between China and US businesses, was shut down in 2009 after the State Administration of Foreign Exchange in China 'made inquiries and requested and obtained documents relating to certain payments made by the company's wholly foreign-owned enterprises to counterparties and other vendors in China'.

'LVS's current efforts in Beijing are designed in part to offset these early 'missteps',' the 2009 WikiLeaks cable said.

Las Vegas Sands representatives didn't comment.
 
Hi fellow senior bros, may I asked at RWS:

1. blackjack tables is using how many decks?
2. do they shuffle the cards back that they have dealt?
3. are the dealt cards placed in a container or something that we can see?

will be appreciated if can get some answers, hope can exchange some huat strategies with you guys too.
 
Hi all senior bros

May I ask if Blackjack at RWS:

1. How many decks are used in blackjack tables?
2. Are the cards that were dealt shuffle back in?
3. Are the cards dealt placed in a container which we can see or something?

Thanks fellow bros for answering, hope to share some huat strategies with you guys too.
 
RWS Blackjack uses 4Decks.
Cards put into shuffle machine when players busts their hands.
burn 1 card before every round.
 
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