Integrated Resort
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This is a game to play....if local GLC were to come into casinos..Do you think that the foreign company will put in all their effort to run the business? Or do you think that some neigbour will lure the Casinos investors and set up to compete against Sinkapore's Casinos?Originally posted by dragg:in the end, not a single local firm got a share of the pie.
Sg govt still not sure of much profits it would generate. If it is generating good profits ....In a matter of time..sg govt will buy over major shares. They are very ''good'' in taking over businesses.
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The award of casinos to Genting was due to some political reasons which are beyond our knowledge or ''a secret''.Originally posted by sgbet:Lots of people were expecting 8th Wonder to clinch the bid. Now that Genting has won, will it affect Genting Highland's business? Think Genting share in Malaysia will drop like a bomb on Monday.
Whether how good Genting had presented is not that crucial (More crucial...Is how sg govt going to tickle the Malaysian ruling party's balls).....I've seen all the designs of competitors, they have their long and short. -
CST said before... gotta work wi the M'sian... hmmm.... Malaysian Sentosa... er... Malaysian Singapore?
http://www.friendster.com/28511416 -
The development cost 5.2 billion Singapore dollar (US$3.38 billion; euro2.54 billion) casino-resort on Singapore's Sentosa Island will be one-third funded by equity, and two-third funded by loans.
This is using other people's money to make money.
Sgbet -
Precisely, RIET!!!Originally posted by sgbet:The development cost 5.2 billion Singapore dollar (US$3.38 billion; euro2.54 billion) casino-resort on Singapore's Sentosa Island will be one-third funded by equity, and two-third funded by loans.
This is using other people's money to make money.
Sgbet
Using public $$$..........to fund the projects. That's why we are seeing so many craps warrants in SGX now.
I'm worry that the balloon will brust in not time.
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Too much is at stake for the two IRs to fail. For their own sake, the govt will do whatever it can to make the projects a success. For one, the casino floor area limits will definitely be reviewed, and two, the entry fee of $100 for locals could be reduced or waived. If both fails, then there is a Temasek to takeover the business.Originally posted by Lowclassman:Precisely, RIET!!!
Using public $$$..........to fund the projects. That's why we are seeing so many craps warrants in SGX now.
I'm worry that the balloon will brust in not time. 
Sgbet
www.sgbetforum.com -
Requiem for Singapore's ChildrenOriginally posted by sgbet:Too much is at stake for the two IRs to fail. For their own sake, the govt will do whatever it can to make the projects a success. For one, the casino floor area limits will definitely be reviewed, and two, the entry fee of $100 for locals could be reduced or waived. If both fails, then there is a Temasek to takeover the business.
Sgbet
www.sgbetforum.com
Suffer the little children. Not let the little children suffer
Is the Casino Harmful?
Was it divine or karmic justice? You decide.
Gambling Culture
Do you want to help increase loss of jobs, alcoholism, divorce, bankruptcy, and suicide rates? - By Andrew PK Yap -
Certainly, the sg govt would do whatsoever to complete the project....in the event of ''what...if''......But, investors maybe like me or you...? or other people's investments...? How much would the make up for our loss....would it be the same senario as CAO case.... in term of making up for private investors?Originally posted by sgbet:Too much is at stake for the two IRs to fail. For their own sake, the govt will do whatever it can to make the projects a success. For one, the casino floor area limits will definitely be reviewed, and two, the entry fee of $100 for locals could be reduced or waived. If both fails, then there is a Temasek to takeover the business.
Sgbet
www.sgbetforum.com -
I bet to differ, I think Genting win becauseOriginally posted by Lowclassman:The award of casinos to Genting was due to some political reasons which are beyond our knowledge or ''a secret''.
Whether how good Genting had presented is not that crucial (More crucial...Is how sg govt going to tickle the Malaysian ruling party's balls).....I've seen all the designs of competitors, they have their long and short.
1) They read the RFP better than other 2 bidders by offering the best family entertainment IR
2) Genting business model compliment well with Marina Sands IR, and it is in LV Sands' interest that Genting win. Have you forgotten about LKY's visit to LV and his meeting with Sheldon Adelson before the annoucement?
3) The reason Singapore government call it an IR and not casino is because they want to copy the LV Venetian concept whereby the operator is able to generate 70% of their revenue from non-gaming activities. Among the 3 bidders, Genting's proposal is the best in terms of its ability to run a profitable gated theme park.
4) Ever since the death of Butch Kerzner and Sol Kerzner going for a bypass operation. There has been many question on Kerzner future and its ability to pull this through.
5) 8th Wonder's proposal doesnt not fit the bill to become a family theme park unless we are all millionaire
6) Genting's 30 years license with Universal Studio for this region is a trump card
7) Singapore biggest handicap in tourism is the lack of a major theme park for kids. Among the 3 bidders, U.S. is the perfect fit for Singapore overall strategy in boosting tourism income. Singapore government is aware of the South JB passport free zone, and suppose if Genting lost, they will definitely lobby MY government to allow them to build a IR in JB, and this will have a major impact on the profitability of Singapore IRs -
Your points are not surprise or new to me........I have already taken all your points into consideration before.Originally posted by Gazelle:I bet to differ, I think Genting win because
1) They read the RFP better than other 2 bidders by offering the best family entertainment IR
2) Genting business model compliment well with Marina Sands IR, and it is in LV Sands' interest that Genting win. Have you forgotten about LKY's visit to LV and his meeting with Sheldon Adelson before the annoucement?
3) The reason Singapore government call it an IR and not casino is because they want to copy the LV Venetian concept whereby the operator is able to generate 70% of their revenue from non-gaming activities. Among the 3 bidders, Genting's proposal is the best in terms of its ability to run a profitable gated theme park.
4) Ever since the death of Butch Kerzner and Sol Kerzner going for a bypass operation. There has been many question on Kerzner future and its ability to pull this through.
5) 8th Wonder's proposal doesnt not fit the bill to become a family theme park unless we are all millionaire
6) Genting's 30 years license with Universal Studio for this region is a trump card
7) Singapore biggest handicap in tourism is the lack of a major theme park for kids. Among the 3 bidders, U.S. is the perfect fit for Singapore overall strategy in boosting tourism income. Singapore government is aware of the South JB passport free zone, and suppose if Genting lost, they will definitely lobby MY government to allow them to build a IR in JB, and this will have a major impact on the profitability of Singapore IRs -
what is the point of speculating on things which you cant proof it?
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If no speculation......there will be no future!!!Originally posted by Gazelle:what is the point of speculating on things which you cant proof it? -
I think lowclassman is infact a damn highclassman driving around in Maybach..Originally posted by Lowclassman:If no speculation......there will be no future!!!
thats your future dude!! (Of course I dont mean driver lah) 
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Employment Opportunites in IR Casinoes? Saw this ad in the TODAY newspaper. Anyone going?
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Will they turn the Casino IR into a REIT?
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Not surprise.Originally posted by norm:Will they turn the Casino IR into a REIT?
Now a day, Businessmen. They will not put their own $$$ into the game...instead, they are trying to use public funding. They will pay themselves with sky high salaries, dividends, perks, performance shares, whatsoever fees and etc. -
Two months after Genting Int got awarded the Sentosa IR licence to operate a casino, they already breach the terms of the award by inviting Macau triad linked Stanley Ho to take a stake in Genting Int.
I've always advocated that the Lims who own Genting are very tricky people and that their Universal Studio Theme Park will not succeed in our kind of humid & hot climate. However our MIWs who are paid annually by the $millions think differently and now they are querying Genting's illegitimate move.
At the worst case scenario, if they take back the IR licence from Genting for allowing Stanley Ho to come in by the backdoor; don't they look real freaking stupid?
I suspect that Genting Int is having second thought about the viability of the Sentosa IR project and that's why they are trying to court Stanley Ho's participation.
Knowing the Lim family they will not give away a good thing.
Good luck to Genting Sentosa IR project. -
I am not sure which newspaper you are reading, from what I knowOriginally posted by Lowclassman:Two months after Genting Int got awarded the Sentosa IR licence to operate a casino, they already breach the terms of the award by inviting Macau triad linked Stanley Ho to take a stake in Genting Int.
I've always advocated that the Lims who own Genting are very tricky people and that their Universal Studio Theme Park will not succeed in our kind of humid & hot climate. However our MIWs who are paid annually by the $millions think differently and now they are querying Genting's illegitimate move.
At the worst case scenario, if they take back the IR licence from Genting for allowing Stanley Ho to come in by the backdoor; don't they look real freaking stupid?
I suspect that Genting Int is having second thought about the viability of the Sentosa IR project and that's why they are trying to court Stanley Ho's participation.
Knowing the Lim family they will not give away a good thing.
Good luck to Genting Sentosa IR project.
1) Stanley Ho bought a stake in Star Cruises (listed in HK) not Genting Int (listed in Singapore)
2) Universal Studio is awared of the hot and humid weather, thats why they are designing more indoor rides.
3) The purpose of selling Stanley Ho a stake in Star Cruises is because of a joint venture in Macau Casino, nothing to do with Singapore IR. -
Lesson For Singapore On Casino Gambling
"It is the world record of which Australia is least proud: More than 80% of its adult population gambles, the highest rate on the planet."
http://www.sgbetforum.com/showthread.php?p=239#post239
Sgbet -
Originally posted by sgbet:
Doomdays for the average and middle class!!!
[b]Lesson For Singapore On Casino Gambling
"It is the world record of which Australia is least proud: More than 80% of its adult population gambles, the highest rate on the planet."
http://www.sgbetforum.com/showthread.php?p=239#post239
Sgbet
[/b]
More cheating cases, robberies, w hores, theft, suicides, money laundries, Broken families and family violent, divorce cases, smuggling, illegal $$$ lending, bankruptcy, murder, teenage gangsterism, rapes, fighting, man slaughtering and etc.
Boom for elites of ruling party, lawyers, SG Subordinate court.
So...this is the plan of ruling party after 40 years!!! -
I cant wait to see uncles and aunties lose their pants off.
And i will go HAHAHA ! -
Those who are interested in a career with the casino can check out these specialist certification and diploma courses offered by ICG Training and Nanyang Institute of Management:-
http://www.sgbetforum.com/showthread.php?t=41 -
"Life is not a matter of holding good cards, but sometimes,
playing a poor hand well." Jack London, author, 1876-1916 -
Uncles and aunties are very smart. They will shun the IR. Why go IR when they already have privileged gambling status on the cruise ships?Originally posted by Xephone_xenon:I cant wait to see uncles and aunties lose their pants off.
And i will go HAHAHA ! -
Graduates of Singapore casino school ready to deal, spin and take bets
SINGAPORE (AP) - Her fingers moved nimbly, swiftly gathering the scattered casino chips from the green roulette table into her cupped palm in stacks of 20. Toh Xue Ling's record for "chipping,'' or restacking 100 chips into neat piles, is 24 seconds.
But the 18-year-old who just graduated from Singapore's first casino dealer training course is more proud of her ability to calculate pay-outs at the roulette wheel, where the winnings depend on the placement of a chip and require quick-thinking math skills.
"I feel confident about finding a casino job. I've mastered the skills and I'm ready,'' Toh said.
Toh and 37 classmates - dressed smartly in dealer uniforms of black trousers, white shirts, black vests and armbands - graduated Wednesday night in a ceremony marked by laughter, champagne and demonstrations of newly acquired dealing know-how.
They are the first class to complete the six-month Certificate in Dealing Casino Games at the International Club Games Training Center, a 20,000-square foot (1,858-square meter) space styled after a real casino and filled with dozens of baccarat, roulette and blackjack tables.
It is an unusual scene in Singapore, which legalized casino gambling in 2005 but is waiting for the construction of two casino resorts - slated for 2009 and 2010 - before the games begin.
Even then, Singaporeans may be dissuaded from testing their luck by proposed regulations requiring casino operators to collect a levy of 100 Singapore dollars (US$60; euro50) a day or S$2,000 (US$1,180; euro990) a year from locals visiting the casino.
The new gambling reality has sparked the interest and curiosity of many in Singapore, who hope to take advantage of the job opportunities and tourism boom that the casino resorts are certain to bring.
Training center CEO Ramachandar Siva said Singaporeans are in a perfect spot - educationally and regionally - to gain from the casino boom.
"The standards are high in Singapore education, and among Singaporeans,'' he said. "So that pushes us to set a high standard, and we can then offer quality, professional croupiers to casino clients. That's our main objective.''
He opened the center in November 2005 in response to Singapore's legalization of casino gambling and also to fill the high demand for croupiers on cruise ships and in the Asian gambling hub of Macau, where he said an employment crunch has led to rushed courses that graduate "half-baked'' dealers.
Besides learning the ins-and-outs of the games, the students are schooled in theoretical situations such as how to spot a cheat and how to remain calm with aggressive customers.
"The pressure is higher in Asian casinos than American ones,'' Siva said. "The typical Asian gambler is more gung-ho, more hard-core, places higher bets in more volume.''
The students are hoping all this work will pay off.
Joel Koh Yang Pang, 26, was self-assured as he stood at one roulette table, moving chips around the number board to demonstrate the patterns he had memorized for quick calculations.
"We are better prepared than many others already working in casinos,'' he said, explaining that he often stayed for hours after the five-hour daily course to practice what he had learned. "We're trained well, we have hands-on experience, we know about gaming security, we know so much.''
Many Singaporeans have only gambled at horse races and other sporting events, or on slot machines at some gaming parlors.
Koh was ready to change this.
"I want some experience overseas, and then I hope to come back to Singapore and work at one of the integrated resorts at a higher level,'' Koh said. "I have the knowledge, and soon there will be opportunities in Singapore.''-AP[/b]