LV Sands Sack 500 More Staffs In Macau, Job Vacancies In Spore May Dwindle

[soikee]

I have a bet on Capitaland being forced by govt to buy into LV Sands. I think I will get my plate of char siew rice. woohoo!

It will be suicidal for Capland to take over IR project at Marina Bay.

 

[silverfox@]

LV Sands in Macau has to cut staff.

Just for info, in Macau many casinos (small time) closed down because of the lack of visitors.

Why the lack of visitors is due to new visa regulation to Macau, that is why a lot of these people has not been going to Macau to gamble and spend.

From LV's projection which is in tandem with most operators, judging by the turnout in their daily turnover, that is why they could do up more projects.
What they did not expect was the economy meltdown, and the visa regulation which was passed down recently which affected a major part in casino earnings.

That is why a lot of people went to other casinos in other countries and money launderers have to find other avenues.

There is an increase in China tourists in Malaysia Genting and big stake gamblers from China. Since Macau restrict their patronage, they have to bring their money elsewhere to gamble.

Singapore is a big haven for money laundering, just to let on more if you guys don't know. The opening of the 2 IRs will attract loads of these funds from overseas all over the world. Whether its clean or dirty, no one cares. That is why when these money are cleaned, we will start seeing people using these money to buy shares, and properties.

 

[jw5]

LV Sands in Macau has to cut staff.

Just for info, in Macau many casinos (small time) closed down because of the lack of visitors.

Why the lack of visitors is due to new visa regulation to Macau, that is why a lot of these people has not been going to Macau to gamble and spend.

From LV's projection which is in tandem with most operators, judging by the turnout in their daily turnover, that is why they could do up more projects.
What they did not expect was the economy meltdown, and the visa regulation which was passed down recently which affected a major part in casino earnings.

That is why a lot of people went to other casinos in other countries and money launderers have to find other avenues.

There is an increase in China tourists in Malaysia Genting and big stake gamblers from China. Since Macau restrict their patronage, they have to bring their money elsewhere to gamble.

Singapore is a big haven for money laundering, just to let on more if you guys don't know. The opening of the 2 IRs will attract loads of these funds from overseas all over the world. Whether its clean or dirty, no one cares. That is why when these money are cleaned, we will start seeing people using these money to buy shares, and properties.

silverfox
When was the last time you went to Macau?
Is it less crowded nowadays and hence more peaceful?

 

[silverfox@]

silverfox
When was the last time you went to Macau?
Is it less crowded nowadays and hence more peaceful?

My last time to Macau was 4 months back. And I heard from a friend of mine who went last month, that it was not so crowded as before. Streets have less people. Business also affecting the prostitutes.

However in Genting, I start to notice more and more China tourists and foreigners. And you see these China boys placing bets $8K, $10K 1 time for every round. Even the dealers were saying more tourists not going macau but coming over to malaysia.

 

[Cestbon]

Biggest losser for peasant are those believes in Gov. to take up Casino course. Now end up with waste of money and time with no future. Ha ha ha aha

 

[The_Latest_H]

LV Sands in Macau has to cut staff.

Just for info, in Macau many casinos (small time) closed down because of the lack of visitors.

Why the lack of visitors is due to new visa regulation to Macau, that is why a lot of these people has not been going to Macau to gamble and spend.

From LV's projection which is in tandem with most operators, judging by the turnout in their daily turnover, that is why they could do up more projects.
What they did not expect was the economy meltdown, and the visa regulation which was passed down recently which affected a major part in casino earnings.

That is why a lot of people went to other casinos in other countries and money launderers have to find other avenues.

There is an increase in China tourists in Malaysia Genting and big stake gamblers from China. Since Macau restrict their patronage, they have to bring their money elsewhere to gamble.

Singapore is a big haven for money laundering, just to let on more if you guys don't know. The opening of the 2 IRs will attract loads of these funds from overseas all over the world. Whether its clean or dirty, no one cares. That is why when these money are cleaned, we will start seeing people using these money to buy shares, and properties.

Which means more inflation, and even more price increases...and with wages being reduced or being stagnant, the rich-poor gap widens.

In the end, a price bubble creates another economical bubble, and the same vicious cycle of rapid boom and bust continues. No wonder the SG economy is weak. The foundations are made of straw and bubblegum in the first place. This government must be held accountable, by the very least! That's why we must have more AP MPs in Parliament!

 

[Merl Haggard]

LV Sands in Macau has to cut staff.

Just for info, in Macau many casinos (small time) closed down because of the lack of visitors.

Why the lack of visitors is due to new visa regulation to Macau, that is why a lot of these people has not been going to Macau to gamble and spend.

From LV's projection which is in tandem with most operators, judging by the turnout in their daily turnover, that is why they could do up more projects.
What they did not expect was the economy meltdown, and the visa regulation which was passed down recently which affected a major part in casino earnings.

That is why a lot of people went to other casinos in other countries and money launderers have to find other avenues.

There is an increase in China tourists in Malaysia Genting and big stake gamblers from China. Since Macau restrict their patronage, they have to bring their money elsewhere to gamble.

Singapore is a big haven for money laundering, just to let on more if you guys don't know. The opening of the 2 IRs will attract loads of these funds from overseas all over the world. Whether its clean or dirty, no one cares. That is why when these money are cleaned, we will start seeing people using these money to buy shares, and properties.

You do not know the real truths and you shouldn't spread half-truths.

The restriction of visas is applicable to all Chinese travelling out of
China from Beijing and not Macau.

Genting is also bleeding.

 

[Merl Haggard]

My last time to Macau was 4 months back. And I heard from a friend of mine who went last month, that it was not so crowded as before. Streets have less people. Business also affecting the prostitutes.

However in Genting, I start to notice more and more China tourists and foreigners. And you see these China boys placing bets $8K, $10K 1 time for every round. Even the dealers were saying more tourists not going macau but coming over to malaysia.

If casinos depend on punters who place 8k-10ks on each bet, then they'll surely go bust.

For casinos to do well, they need a regular flow of high-rollers who bet US$100k - US$200
on each hand in Baccarat.

 

[silverfox@]

You do not know the real truths and you shouldn't spread half-truths.

The restriction of visas is applicable to all Chinese travelling out of
China from Beijing and not Macau.

Genting is also bleeding.

http://www.macaudailytimesnews.com/index.php?option=com_content&task=view&id=14830&Itemid=28

http://news.asiaone.com/News/Latest+News/Asia/Story/A1Story20080717-77259.html

http://macaudailyblog.com/macau-casino/new-visa-restritions-to-macau-for-guangdong-residents/

Please read the following links before speaking next time

 

[silverfox@]

If casinos depend on punters who place 8k-10ks on each bet, then they'll surely go bust.

For casinos to do well, they need a regular flow of high-rollers who bet US$100k - US$200
on each hand in Baccarat.

You obviously do not know the fundamentals on how casinos make money and lose money.

Yes, you can have high rollers who roll $100K-$200K a hand. In a way, they can also lose $100K-$200K a hand, likewise they can win.

If a whale wins $3million a year at least from the casino, he would have bitten off a chink off the casino's profits. This would eat off a % of their dividends to their shareholders.

You need high rollers, but the most important thing is regular rollers and only when a casino has lots of people gambling will they make money, regardless of their bet amount. Casinos fail not because of people who lose money there. Casinos fail when no one gambles there.

 

[dysentry]

Will the Macau prostitutes come over too?

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[Merl Haggard]

http://www.macaudailytimesnews.com/index.php?option=com_content&task=view&id=14830&Itemid=28

http://news.asiaone.com/News/Latest+News/Asia/Story/A1Story20080717-77259.html

http://macaudailyblog.com/macau-casino/new-visa-restritions-to-macau-for-guangdong-residents/

Please read the following links before speaking next time

Orders come from Central Govt in Beijing.

 

[Merl Haggard]

You obviously do not know the fundamentals on how casinos make money and lose money.

Yes, you can have high rollers who roll $100K-$200K a hand. In a way, they can also lose $100K-$200K a hand, likewise they can win.

If a whale wins $3million a year at least from the casino, he would have bitten off a chink off the casino's profits. This would eat off a % of their dividends to their shareholders.

You need high rollers, but the most important thing is regular rollers and only when a casino has lots of people gambling will they make money, regardless of their bet amount. Casinos fail not because of people who lose money there. Casinos fail when no one gambles there.

Casinos operate on house advantage. They are not bothered with win/loss fluctuation. A $200,000 bet = 28.56 bets of $7000. One needs not have to be a rocket scientist to know that casinos cannot boom by catering to base players. Base players only provide the bread and butter to the house.

The four casino moguls namely, Sheldon, Steve Wynn, James Packard and Kevorkian would not come to invest multi billions of Dollars in Macao if not for the PRC high-rollers and whales.

 

[eatshitndie]

You do not know the real truths and you shouldn't spread half-truths.

The restriction of visas is applicable to all Chinese travelling out of
China from Beijing and not Macau.

Genting is also bleeding.

silverfox is correct. the visa restrictions apply to prc citizens going in and out of macau.

 

[numero uno]

silverfox is correct. the visa restrictions apply to prc citizens going in and out of macau.

The chinese govt is not so stupid. The moment alot of laundered money start to leaves China for overseas, they would do something and also impose visa restrictions to protect their economy and stop all these money laundering which are bleeding their banks and economy. They did not give 2 hoot to Las vegas sands casino or any big American companies, what makes you think they would bother about singgapore or malaysia interests????? look at how the mainland China govt do in the past. They can impose very tight visa regulations or money transfer rules like no more than $5,000 cash to curb corruption and laundering. Electronics transfer are so easy to trace. They can block internet access , monitor e-transfers , restrict visa to casino hotspots. That's why the casinos and IRs is NOT a sure thing and looking at latest developemnts worldwide , there is a big possibility it would go down the drain(kaput!!!).

 

[silverfox@]

The chinese govt is not so stupid. The moment alot of laundered money start to leaves China for overseas, they would do something and also impose visa restrictions to protect their economy and stop all these money laundering which are bleeding their banks and economy. They did not give 2 hoot to Las vegas sands casino or any big American companies, what makes you think they would bother about singgapore or malaysia interests????? look at how the mainland China govt do in the past. They can impose very tight visa regulations or money transfer rules like no more than $5,000 cash to curb corruption and laundering. Electronics transfer are so easy to trace. They can block internet access , monitor e-transfers , restrict visa to casino hotspots. That's why the casinos and IRs is NOT a sure thing and looking at latest developemnts worldwide , there is a big possibility it would go down the drain(kaput!!!).

In order to curb money laundering, that is why the chinese govt has restricted assess to the nearest legal casinos which is Macau which is patronised by many of the Chinese. Since the nearest place they have been restricted their num of visits, they have to look at other nearer alternatives.

Not all people go there to launder money, but it cannot be denied that many smaller casinos in Macua closed down because all of a sudden a lot of them have been restricted of their num of days and visits they can go and stay in Macau.

However, the China government cannot restrict aceess to other countries because that would be hazardous to their tourism industry.

Back to singapore, it is an unknown fact that lots of money launderers in the past have "invested" these money in various forms, property buying, retail, import export, banking. We always see on paper there is many money laundering policies and restrictions. Yes, its said like this, but there are various loopholes and in a way its a form of welcoming these people.

With the opening of the IRs, the attraction is on the foreigners and getting people to spend, stay here. That is the motive. Now currency control in singapore is you cannot bring in and out >$30,000 without declaration. Which compared to many countries, this is considered way way above.

When you go casino, money comes out, dirty becomes clean. Whether you like it or not, or even think of IR itself as a failure, you have to think of the money laundering aspect. This is a part where it attracts big funds in.

Remember Thaksin, Ah Bian? Somehow or another when they got arrested, people start to link their movement of funds to singapore.

 

[Merl Haggard]

silverfox is correct. the visa restrictions apply to prc citizens going in and out of macau.

Macao merely administers. Governance of Macao comes Beijing Central Govt.

But your fren said in his earlier posting that Macao restricts PRC gamblers.

All PRC who travel out of China need to obtain exit visa.

 

[Merl Haggard]

In order to curb money laundering, that is why the chinese govt has restricted assess to the nearest legal casinos which is Macau which is patronised by many of the Chinese. Since the nearest place they have been restricted their num of visits, they have to look at other nearer alternatives.

Not all people go there to launder money, but it cannot be denied that many smaller casinos in Macua closed down because all of a sudden a lot of them have been restricted of their num of days and visits they can go and stay in Macau.

However, the China government cannot restrict aceess to other countries because that would be hazardous to their tourism industry.

Back to singapore, it is an unknown fact that lots of money launderers in the past have "invested" these money in various forms, property buying, retail, import export, banking. We always see on paper there is many money laundering policies and restrictions. Yes, its said like this, but there are various loopholes and in a way its a form of welcoming these people.

With the opening of the IRs, the attraction is on the foreigners and getting people to spend, stay here. That is the motive. Now currency control in singapore is you cannot bring in and out >$30,000 without declaration. Which compared to many countries, this is considered way way above.

When you go casino, money comes out, dirty becomes clean. Whether you like it or not, or even think of IR itself as a failure, you have to think of the money laundering aspect. This is a part where it attracts big funds in.

Remember Thaksin, Ah Bian? Somehow or another when they got arrested, people start to link their movement of funds to singapore.

Pray tell: since when we can't bring into S'pore more than $30,000 without declaration?

I've been walking through, in and out of Changi International Airport with 20-30 pieces of
S$10,000 bill in my wallet during the last 8 years.

 

[silverfox@]

Pray tell: since when we can't bring into S'pore more than $30,000 without declaration?

I've been walking through, in and out of Changi International Airport with 20-30 pieces of
S$10,000 bill in my wallet during the last 8 years.

Since when? If like what you said, you in out of Changi International Airport so often for the last 8 years, then I guess you must be a blind man not to have seen the currency control regulations. Or your eyes must be on top of your head not to have seen. :p

Every country there is currency control.
Malaysia supposedly you are not allowed to bring out more than 1000ringgit without first declaring. The max I brought out was close to 100K ringgit. If i was caught, the money would be confiscated. If it exceeded a bit, the customs will close 1 eye, but not too far off like even 10K or 20K more. It's just giving them an opportunity to confiscate your money.

If you have been lucky all these years, good for you. If you get caught, don't say you didn't read the signs there, or you didn't know about currency control. It doesn't help in your case.

 

[Hope]

Since when? If like what you said, you in out of Changi International Airport so often for the last 8 years, then I guess you must be a blind man not to have seen the currency control regulations. Or your eyes must be on top of your head not to have seen. :p

Every country there is currency control.
Malaysia supposedly you are not allowed to bring out more than 1000ringgit without first declaring. The max I brought out was close to 100K ringgit. If i was caught, the money would be confiscated. If it exceeded a bit, the customs will close 1 eye, but not too far off like even 10K or 20K more. It's just giving them an opportunity to confiscate your money.

If you have been lucky all these years, good for you. If you get caught, don't say you didn't read the signs there, or you didn't know about currency control. It doesn't help in your case.

ya,you gave the corrected info,this was introduced last year,I believe.

But PRCs to rescue Spore,I do not think so,we wait and see what happens to Sands,as far as I am concerned,he is a DEAD man.ABSOLUTELY little chance for him to come back