Singapore Casinos

[aurvandil]

You have been to Genting recently and have seen for yourself. Once the novelty phase wears off, casinos are only viable in the long run if they have a sizable local clientele.

interesting to note that in the early years, Genting had restrictions for Malaysians which were pretty similar to our current IR. However as casino gambling became accepted as a social norm, these restrictions were gradually removed.

A key difference between Genting and our IRs is debt. For Genting, it was built on the cheap. There was therefore never any serious debt involved. The current two IRs are different as they were built using a mountain of debt. If revenue continues to dive as it did in the past quarter, there might not be time for casino gambling to become widely accepted before the restrictions have to be relaxed/removed.

With newer and better casinos coming up in the region and around the world, the novelty of MBS and RWS is wearing off. In the future, will MBS and RWS continue to do well like what it did for the first two years or will its future dim?

In prostitution, clients will go for fresher, younger and more hungry prostitutes. The older prostitutes will be sidelined unless they repackaged themselves. The same goes for casinos.

Likewise, unless MBS and RWS repackage themselves, they will find that they will be sidelined by high rollers who will go for the newer casinos. The future looks bleak for S casinos and the pap who thinks that it has got a sacred cash cow

So will the pap give new licences to MGM, Mirage, Caesar's Palace, Circus Circus, Harrah's, Monte Carlo, etc in the next few years to keep SG afloat?

My take is that the PAP shd not rely on gambling, tourism, services and vices to keep SG GDP up.

The pap shd be wise and follow Korea..invest on knowledge and technology. Such gain in technology and knowledge cant be easily replicated by other countries..look at Korea...booming..with Samsung, Hyundai, etc..producing cars, phones, etc...

 

[TracyTan866]

blackjack, 大小

blackjack is a better bet than jackpot

 

[wMulew]

The pap shd be wise and follow Korea..invest on knowledge and technology. Such gain in technology and knowledge cant be easily replicated by other countries..look at Korea...booming..with Samsung, Hyundai, etc..producing cars, phones, etc...

As usual stupid moronic opposition supporting retards thinks SG is not as innovative as other countries. When taking into account % of GDP spent on R&D, Singapore government is within the top 10 in the world

http://www.bloomberg.com/news/2012-07-03/switzerland-sweden-are-world-s-most-innovative-countries.html

Switzerland, Sweden and Singapore are the most innovative countries in the world, according to a study by the United Nations World Intellectual Property Organization and Insead that found a wide gap between rich and poor nations.

 

[TracyTan866]

You have been to Genting recently and have seen for yourself. Once the novelty phase wears off, casinos are only viable in the long run if they have a sizable local clientele.

interesting to note that in the early years, Genting had restrictions for Malaysians which were pretty similar to our current IR. However as casino gambling became accepted as a social norm, these restrictions were gradually removed.

A key difference between Genting and our IRs is debt. For Genting, it was built on the cheap. There was therefore never any serious debt involved. The current two IRs are different as they were built using a mountain of debt. If revenue continues to dive as it did in the past quarter, there might not be time for casino gambling to become widely accepted before the restrictions have to be relaxed/removed.

You are wise.

I predict that the best days of MBS and RWS are over...as two years of virginal growth and freshness wear off..now they willr eap slower profits and higher operating coats and debt servicing.

 

[zhihau]

blackjack is a better bet than jackpot

blackjack highest odds 1 pays 1.5, roulette highest odds 1 pays 36, 大小 highest odds 1 pays 52.
which one better?

 

[TracyTan866]

As usual stupid moronic opposition supporting retards thinks SG is not as innovative as other countries. When taking into account % of GDP spent on R&D, Singapore government is within the top 10 in the world

[Switzerland, Sweden and Singapore are the most innovative countries in the world, according to a study by the United Nations World Intellectual Property Organization and Insead that found a wide gap between rich and poor nations.

A country which relies on vices to grow and is addicted to cheap labour is non competitive and is doomed ...that's Singapore for you in the long run

 

[TracyTan866]

blackjack highest odds 1 pays 1.5, roulette highest odds 1 pays 36, 大小 highest odds 1 pays 52.
which one better?

that's payouts.....

 

[zhihau]

that's payouts.....

to a punter, once bet is laid, it's 50/50, you win or lose.
since you either win or lose in all games, the payout is the deciding factor for the game which is a better bet.

 

[ionzu]

The pap shd be wise and follow Korea..invest on knowledge and technology. Such gain in technology and knowledge cant be easily replicated by other countries..look at Korea...booming..with Samsung, Hyundai, etc..producing cars, phones, etc...

you know the secret of Korea's recent technological boom (in past 10 yrs)? retrenched Japanese engineers.

the koreans did not get smart overnight.

 

[Agoraphobic]

A country which relies on vices to grow and is addicted to cheap labour is non competitive and is doomed ...that's Singapore for you in the long run

That is quite right. But Sg depends on the world market and need to be cheaper with more or less the same level of efficiency in order to stay competitive. What can Sg do that she can market something different?

I would like to propose that Sg be the first country in the world to legalize use of marijuana (might be too late for that), but I guarantee you her own citizens would be the ones to oppose that.

Cheers!

 

[wMulew]

A country which relies on vices to grow and is addicted to cheap labour is non competitive and is doomed ...that's Singapore for you in the long run

US is not addicted to cheap labors, so all the companies in the US move jobs to China. Guess who is the rising super power and which is in danger or losing it's super power status. Expensive labor US or cheap labor China

 

[TracyTan866]

to a punter, once bet is laid, it's 50/50, you win or lose.
since you either win or lose in all games, the payout is the deciding factor for the game which is a better bet.

that's the wrong way to look at a bet. in roulette, if you bet black or red, your odd is not 50:50. the correct odd is 18:19

 

[TracyTan866]

US is not addicted to cheap labors, so all the companies in the US move jobs to China. Guess who is the rising super power and which is in danger or losing it's super power status. Expensive labor US or cheap labor China

which is the super power now?

 

[TracyTan866]

That is quite right. But Sg depends on the world market and need to be cheaper with more or less the same level of efficiency in order to stay competitive. What can Sg do that she can market something different?

I would like to propose that Sg be the first country in the world to legalize use of marijuana (might be too late for that), but I guarantee you her own citizens would be the ones to oppose that.

Cheers!

labour is only one cost factor.

why doesnt the pap work on reducing land cost, capital cost, transportation cots, etc? the pap through its GLCs and TLCs like capital land, capitalmall, keppel land, etc, have caused rents and land cost to rise so much. the pap is depressing workers' salaries to allow unprofitable business survive

 

[TracyTan866]

you know the secret of Korea's recent technological boom (in past 10 yrs)? retrenched Japanese engineers.

the koreans did not get smart overnight.

yes...panasonic, sony, etc are struggling..but samsung, LG are booming.

Korea, inlike SG, is on the right track of growth

 

[TracyTan866]

That is quite right. But Sg depends on the world market and need to be cheaper with more or less the same level of efficiency in order to stay competitive. What can Sg do that she can market something different?

I would like to propose that Sg be the first country in the world to legalize use of marijuana (might be too late for that), but I guarantee you her own citizens would be the ones to oppose that.

Cheers!

A desperate PAP may just take up your suggestion:(

 

[TracyTan866]

US is not addicted to cheap labors, so all the companies in the US move jobs to China. Guess who is the rising super power and which is in danger or losing it's super power status. Expensive labor US or cheap labor China

Dont read and trust too much of SG media.

Whether China can succeed in the long term is still a speculation. The vices and ills in the China are for all to see now. USA is the only real superpower and I embrace USA values more thna China's values.

From my experence, USA is a more successful country than China.

You disagree?

 

[zhihau]

that's the wrong way to look at a bet. in roulette, if you bet black or red, your odd is not 50:50.

you win or lose on the gaming table, only blackjack allows a draw

 

[TracyTan866]

you win or lose on the gaming table, only blackjack allows a draw

not just win or lose...the real gamble is the odds of winning compared to losing.

just like horse racing or football...it's not just win or lose...

 

[Capano2121]

With newer and better casinos coming up in the region and around the world, the novelty of MBS and RWS is wearing off. In the future, will MBS and RWS continue to do well like what it did for the first two years or will its future dim? (Newer casinoes will forever be spring up & only the trendsetting corporations will lead)

In prostitution, clients will go for fresher, younger and more hungry prostitutes. The older prostitutes will be sidelined unless they repackaged themselves. The same goes for casinos. (Prostitutes continously reinvent themselves if they want to maintain their clients and they have to evolved with the best services to keep their regular clients interested & new clients attracted!)

Likewise, unless MBS and RWS repackage themselves, they will find that they will be sidelined by high rollers who will go for the newer casinos. The future looks bleak for S casinos and the pap who thinks that it has got a sacred cash cow (High rollers are forever looking for new venues & games)

So will the pap give new licences to MGM, Mirage, Caesar's Palace, Circus Circus, Harrah's, Monte Carlo, etc in the next few years to keep SG afloat? (PAP have to keep issuing new licences but they should encourage a home brand instead of relying on this foreign gamers, at the end of the day if licences are only issued to JVs with these foreign gaming consortium again Singaporeans & Singaporean enterprises will be sidelined no matter how big they are!)

My take is that the PAP shd not rely on gambling, tourism, services and vices to keep SG GDP up. (Tax payers' fed fat dogs in white coat simply do not have to grey matter to jump out of the box, they will forever remain in the box & expects all Singaporeans to do the same)

The pap shd be wise and follow Korea..invest on knowledge and technology. Such gain in technology and knowledge cant be easily replicated by other countries..look at Korea...booming..with Samsung, Hyundai, etc..producing cars, phones, etc... (Too much gain in knowledge is considered a taboo for the fat white dogs as it undermines their authority)