Before casinos, horse racing was where bankrupts were created.
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Singapore Casinos
- Thread starter TracyTan866
- Start date
Before casinos, horse racing was where bankrupts were created.
how abt now?
Singapore has not been so liberal and slow to grant a lot of junket licences. With the drop in revenues of the two casinos, I expect this to be speeded up.
perhaps the high rollers have their own connections and these connections provide all their wants and needs
If he bet on the favourite whether it is horse racing or soccer, the odds are stacked against him. If he bet on the dark horse, his odd of making money is better. In soccer the same thing. That is why there is a saying that the ball is round, meaning that the favourite can lose and that describes the reality on the ground.
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yes, that's how they calculate odds and payouts.
but i believe no one can make a living from gambling
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That's because you can only buy on 3 days of the week. Casino games 24/7/365.
yes...and casino games are quite instantaneous...so very addictive
Singapore is indeed a paradise for foreigners, for those coming from poorer countries they can get work here & live comfortably here compared to where they come from. For the Expats, their pay scale is a lot better than what Singaporeans get, they get housing, their kids go to International schools, they have more spending money/disposable income & they have longer holidays & most of all, they have the freedom to come & go.
You mentioned Scandinavian countries earlier, they have very high taxes in those countries but a lot of their tax is spent for the good of their people, for example, Childcare is free or cheaper & better quality than many Central & Southern European countries. Primary & Secondary education is one of the best in the world, they really invest for the next generation. But like many countries, they also have a influx of refugees & migrants & right wing politics are on the rise.
These countries have land, timber, fishing & off shore oil as their traditional industry. Technology & Innovation is something they are big on, i think after Korea, Scandinavian countries have the best Tech infrastructure like fibre & 4G etc.
thanks for sharing your useful knowledge
Imo, better chance of being struck by lightning than win 1st prize in Toto.
Yes, best to play baccarrat. If no discipline, DON"T!
It doesn't work that way.
They have awarded 2 junket licenses to RWS. These are however Mickey Mouse operators active in Malaysia. They would not even be considered operators in big markets like Macau. They are more like sub cons providing high rollers to the main junket players in Macau.
The biggest stumbling block for why the junket market will never develop in Singapore is because of the financial controls. For a junket to work, the junkets have to be able to offer financing to the high rollers. This is especially to the Chinese high rollers to overcome the strict Chinese currency controls. If you are going to offer financing, then you need collection enforcement in the form of triad involvement. Without triad involvement, there will be no way that the junkets can get high rollers that lose large sums of money to pay up. As greedy as the PAP is, I don't see them opening up the market to opaque junket financing and triad involvement in our casinos.
The casino regulatory model that Singapore is adopting is similar to that of Malaysia (Genting) and to some extent Australia. In both these models, the revenue from high rollers via "clean" junkets is not enough to sustain the casinos. In the long run, you need to have fairly large local patronage of the casinos.
They have awarded 2 junket licenses to RWS. These are however Mickey Mouse operators active in Malaysia. They would not even be considered operators in big markets like Macau. They are more like sub cons providing high rollers to the main junket players in Macau.
The biggest stumbling block for why the junket market will never develop in Singapore is because of the financial controls. For a junket to work, the junkets have to be able to offer financing to the high rollers. This is especially to the Chinese high rollers to overcome the strict Chinese currency controls. If you are going to offer financing, then you need collection enforcement in the form of triad involvement. Without triad involvement, there will be no way that the junkets can get high rollers that lose large sums of money to pay up. As greedy as the PAP is, I don't see them opening up the market to opaque junket financing and triad involvement in our casinos.
The casino regulatory model that Singapore is adopting is similar to that of Malaysia (Genting) and to some extent Australia. In both these models, the revenue from high rollers via "clean" junkets is not enough to sustain the casinos. In the long run, you need to have fairly large local patronage of the casinos.
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hahahaha...
what i meant was, when my friend was asked to entertain the high rollers, she was asked by the high rollers connections who took care of his needs and wants
Sister, many things can be addictive. Not confined to activities that give you a chance to make money. Involves those where you spend money and it becomes addictive. For example, hanging flowers!
Yes, junket operators.
With all the restrictions, Singapore will never develop the kind of high roller market that Macau has. They might visit once or twice for novelty sake but that would be about it.
but gambling can be addictive and harmful and destroy lives.
some things are addictive but not harmful nor can destroy lives
Ok, apologies.
