You write as if this is something to be proud of...
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Gentings Sentosa set to fail
- Thread starter Merl Haggard
- Start date
You write as if this is something to be proud of...
what bullshit , it is not the amount. it is the principal and act of discrimination.
I rather fly to las vegas, there i can enjoy myself with other non gambling activities, and the casino welcome me to stay as long as i like.
and i do not have to be surrounded by ah neh.
Hmm If RWS offered Singaporeans $50 in chip and $50 F&B voucher wouldn't that more than offset the $100 levy?? After all they know the lure of gambling is there. So once they get you in, you are stuck.
Think of it this way, 5 friends out on Friday night. Dinner would easily run $50 per person - after that clubbing is easily another $50. So why not check out casino and have dinner there and get to see if Lady Luck is shining. If one out of the 5 is a gambler, the rest of the 4 would wait for him and try out the tables and the girls will be at the slots.
I think casinos can easily overcome this $100.
Think of it this way, 5 friends out on Friday night. Dinner would easily run $50 per person - after that clubbing is easily another $50. So why not check out casino and have dinner there and get to see if Lady Luck is shining. If one out of the 5 is a gambler, the rest of the 4 would wait for him and try out the tables and the girls will be at the slots.
I think casinos can easily overcome this $100.
Another thing is that the real whales would wait till start up pains are over before they give casino a try.
Also, contrary to popular belief, CNY need not be a good time for gambling. There is a lot of reunion dinners/family/friends type of gathering. Even if they gamble it is a private mahjong/poker at home while waiting for people to come visit. This is especially true for the wealthy who may have a lot of well wishers.
So they eat, play mahjong, meet family and friends and eat and mahjong etc etc.
Also, contrary to popular belief, CNY need not be a good time for gambling. There is a lot of reunion dinners/family/friends type of gathering. Even if they gamble it is a private mahjong/poker at home while waiting for people to come visit. This is especially true for the wealthy who may have a lot of well wishers.
So they eat, play mahjong, meet family and friends and eat and mahjong etc etc.
FY 09 results likely to be released tomorrow. Expect another round of sell-down!
Don't say I don't warn you hor!
By the way, what is the NAV of Genting Singapore vis a vis to the share price.
Good for you!!!! You really understand sinkie behavior.
CB kia tonychat,
u r the one always trying to drag ppl to migrate to that lousy 3rd world country..:oIo:
They are not supposed to indirectly "reimburse" gamblers the $100.
If such "clever" schemes are not allowed, is the PAP prepared to allow the IR's to fail?
Noticed that there wasn't a single PAP Minister/MP gracing the grand opening of RWS. Wonder y tat is so ....
It is alright if rich tourists with deep pockets come to lose millions at th IRs. But don't forget we have a very large population base of low skill foreign workers who will lose their money at the Casinos too. They won't be bringing home their social problems home yet. Instead it is likely they will resort to criminal means to make up for their losses. Now this will not be a good thing and will disrupt our lives and safety which we have built over the decades.
This issue is unique to Singapore. Most countries with Casinos are large enough and do not have a large low skill foreign workers. The PAP simply has not thought this through enough.
In conclusion, by worshiping the golden calf the PAP is the ones to be held accountable for their decision to have the Casinos.
At the close Gentings kena sold down 13m shares at 95c.
After FY 09 result is announced tmr or day after, expect further sell-down!
After FY 09 result is announced tmr or day after, expect further sell-down!
Perhaps they're worried about stepping over a dead body. In one sense, there's the LKY prophecy of casino opening in Singapore over his dead body. In another sense, there's the worry about being too politically associated with casino. A successful casino means lots of gamblers. A failed casino means project failure. 50% of Singaporeans are anti-casino at the height of the casino debate. Let's just say, out of the other 50% who're pro-casino, half are not into habitual gambling but support it for economic reasons, that leaves 25%. Let's just say half of them are unwilling to pay the S$100 levy, that leaves 12.5%. Let's just say half of them don't have time, that leaves 6.25%.
In terms of economic reasons, particularly job creation, as I've pointed out in another posting, it's more likely to be 30% citizens 70% foreigners if PRs are classified under foreigners, not the other way around. The political figures doesn't add up impressively.
Think you are referring to the last trade of the day when someone dumped 13m shares at one go.
Total lots traded was over 300,000,000 lots...VERY HEAVY!
The 1st 3 counters made up for almost half of SGX trading volume today. WTF?
Even if many aunties after losing money hanging around RWS waiting to sell themselves for $200 per poke.
Even if you want, there are no rooms or rooms too ex at $400 upwards. So how to poke? World Class Casino is it not?
BTW do not believe the hotel rooms are all filled. Only 3-4 floors of hotel rooms are completed.
Many Travel Agents in S'pore already kenna compensation claims from overseas guests.
12b shares is alot. I believe you meant 12 million shares.
Z
Zombie
Guest
12m shares only for Genting?
I can own genting by myself then. Chey only cost me $11.5 m at today's price.
Friend, Genting shares are indeed in the BILLIONS.
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