Reason for Plunge in Genting Share Price

[makapaaa]

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Coffeeshop Chit Chat - Wanbao: FTs pissing off locals in casino</TD><TD id=msgunetc noWrap align=right>

Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>kojakbt89 <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>7:11 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 6) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>28788.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>http://news.omy.sg/News/Local+News/Story/OMYStory201002181526-129091.html
From wanbao, rough translation:
RWS started only 5 days and already large numbers of foreign workers are flooding the casino, enjoying the free entry and free drinks, causing some locals to be unhappy.
Shinmin newspaper kept receiving complaints from readers, that RWS since opening has been flooded with FWs. They can use their passports or work passes to gain free entry into the casino. However, after entering, most just hang around to see and not gamble and also drink free drinks, causing some Singaporeans to be unhappy.
An enterprise group chairman Dr Ong happily went to the casino on 2nd day with 10 over friends. However, after seeing to many people inside, they left less than 2 hours later.
Dr Ong during the interviewed said, "Singapore first casino just started and can attract so many customers, it's a good thing. However, many FWs entered the casino and hang around for too long, and they only sightsee and enjoy the free facilities like toilets and free drinks, causing less opportunities for genuine gamblers to bet.
He added,"Casino provides free drinks but one has to take it himself. However, the drink area is sqeezed with many FWs, making it difficult to get in. gamblers do not wish to wait too long for the drinks so only have to continue to gamble without drinks"
Dr Ong's friend (an investment manager) said that he got no eyes to see, and left less than 1 hour inside.
Another reader Mr Wong (55yr, businessman) also said that many FWs anyhow sleep on the floors of the casino. Once awake, they will go to the gambling table to take a look. One table only have 6 or 7 people betting but there are at least tens of people looking. Many are FWs. Those who want to bet can't even get near the table.
Many local gamblers are asking the authorities to take note of this situation. They want the Govt to also ask the FWs to pay the entrance levy, like the rest of Singaporeans and PRs.
Dr Ong said, "FWs of course have the rights to enter the casino. However, staying inside casino for long period of time without gambling but just to enjoy free use of casino resources, this is unfair to those genuine customers"
Whether to also charge FWs for entrance levy, the authority spokesman replied this morning, that the entrance fee is meant for the protection of Singapore citizens and PRs.

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[ahleebabasingaporethief]

What a fucking FUCK UP newspaper is this? Many in SBF can write better articles than this load of crap.

Those things caused genting shares to fall? What a load of rubbish.

For a start, the share price is way OVER VALUED.
two, can anyone guess what the NAV is compared to the closing price of 95cts today?

This newspaper better stick to selling hum chim peng and mee siam mai hum lah.

You can bet many uncles and aunties believe their spin on Gebting's share price.

Soon they will say, since Fts prolem go away, share price will ZOOM up. CCB. All fucking CONMEN these reporters from WanTON.

<table id="msgUN" width="100%" border="0" cellpadding="0" cellspacing="3"><tbody><tr><td id="msgUNsubj" valign="top">

Coffeeshop Chit Chat - Wanbao: FTs pissing off locals in casino</td><td id="msgunetc" align="right" nowrap="nowrap">

Subscribe </td></tr></tbody></table><table class="msgtable" width="96%" cellpadding="0" cellspacing="0"><tbody><tr><td class="msg" valign="top"><table width="100%" border="0" cellpadding="0" cellspacing="0"><tbody><tr class="msghead"><td class="msgbfr1" width="1%"> </td><td><table border="0" cellpadding="0" cellspacing="0"><tbody><tr class="msghead" valign="top"><td class="msgF" width="1%" align="right" nowrap="nowrap">From: </td><td class="msgFname" width="68%" nowrap="nowrap">kojakbt89 <nobr></nobr> </td><td class="msgDate" width="30%" align="right" nowrap="nowrap">7:11 am </td></tr><tr class="msghead"><td class="msgT" width="1%" align="right" height="20" nowrap="nowrap">To: </td><td class="msgTname" width="68%" nowrap="nowrap">ALL <nobr></nobr></td><td class="msgNum" align="right" nowrap="nowrap"> (1 of 6) </td></tr></tbody></table></td></tr><tr><td class="msgleft" rowspan="4" width="1%"> </td><td class="wintiny" align="right" nowrap="nowrap">28788.1 </td></tr><tr><td height="8"></td></tr><tr><td class="msgtxt">http://news.omy.sg/News/Local+News/Story/OMYStory201002181526-129091.html
From wanbao, rough translation:
RWS started only 5 days and already large numbers of foreign workers are flooding the casino, enjoying the free entry and free drinks, causing some locals to be unhappy.
Shinmin newspaper kept receiving complaints from readers, that RWS since opening has been flooded with FWs. They can use their passports or work passes to gain free entry into the casino. However, after entering, most just hang around to see and not gamble and also drink free drinks, causing some Singaporeans to be unhappy.
An enterprise group chairman Dr Ong happily went to the casino on 2nd day with 10 over friends. However, after seeing to many people inside, they left less than 2 hours later.
Dr Ong during the interviewed said, "Singapore first casino just started and can attract so many customers, it's a good thing. However, many FWs entered the casino and hang around for too long, and they only sightsee and enjoy the free facilities like toilets and free drinks, causing less opportunities for genuine gamblers to bet.
He added,"Casino provides free drinks but one has to take it himself. However, the drink area is sqeezed with many FWs, making it difficult to get in. gamblers do not wish to wait too long for the drinks so only have to continue to gamble without drinks"
Dr Ong's friend (an investment manager) said that he got no eyes to see, and left less than 1 hour inside.
Another reader Mr Wong (55yr, businessman) also said that many FWs anyhow sleep on the floors of the casino. Once awake, they will go to the gambling table to take a look. One table only have 6 or 7 people betting but there are at least tens of people looking. Many are FWs. Those who want to bet can't even get near the table.
Many local gamblers are asking the authorities to take note of this situation. They want the Govt to also ask the FWs to pay the entrance levy, like the rest of Singaporeans and PRs.
Dr Ong said, "FWs of course have the rights to enter the casino. However, staying inside casino for long period of time without gambling but just to enjoy free use of casino resources, this is unfair to those genuine customers"
Whether to also charge FWs for entrance levy, the authority spokesman replied this morning, that the entrance fee is meant for the protection of Singapore citizens and PRs.

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[dysentry]

 

[singveld]

what kind of casino is that?
gambler still have to stop , walk to some self service drink counter to get a drink.

is this a fxxking joke.

in las vegas, gal come and ask what you want, they get it for you.
you just tip them 1 dollar when they bring the drink to you. or if you win a lot, you can give them chip.

singapore have to self service? what kind of casino is this?

 

[nickers9]

what kind of casino is that?
gambler still have to stop , walk to some self service drink counter to get a drink.

is this a fxxking joke.

in las vegas, gal come and ask what you want, they get it for you.
you just tip them 1 dollar when they bring the drink to you. or if you win a lot, you can give them chip.

singapore have to self service? what kind of casino is this?

You pay $100 dollars only of coz self service lah.

But if you pay $10,000 for entry, then I will come personally to serve you ok??? Ah???

 

[Alamaking]

Whether to also charge FWs for entrance levy, the authority spokesman replied this morning, that the entrance fee is meant for the protection of Singapore citizens and PRs.

SMLJ? protect and discouraging are 2 different meaning :oIo::oIo::oIo::oIo::oIo:

 

[singveld]

Quote:
Originally Posted by makapaaa
Whether to also charge FWs for entrance levy, the authority spokesman replied this morning, that the entrance fee is meant for the protection of Singapore citizens and PRs.

SMLJ? protect and discouraging are 2 different meaning

There is different between protection and discrimination. When the nazi round up the jews and put them all up into ghetto. It is also to protect them from the german public.

 

[Einfield]

I'm doing all this because I love Singapore and i love Singaporeans, just like GST, I did it for the poor.