Will Casino go bankrupt before even starting?
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have they calculated the social problems vs economic gains caused by gambling by settng up casinos here?
Prostitution
Bankruptcy
How many next-of-kin will be affected by a gambler
Rise in Crime rates (both organised and petty crime)
whether singapore will still be a 'Safe Haven' to live in.
more talents migrating?
if they hasnt , the IR wouldnt be build right?
it a matter whether the PAP weight the financial aspect more then social aspect for the final decision.
of coz the former is true.
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in singapore, $$$ outweighs all other issues...
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NEVER... If Casino can't make it, they'll just SUCK MORE $$$ from the people... Or find some STUPID EXCUSES to make the people COVER for its losses...
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Originally posted by GHoST_18:
in singapore, $$$ outweighs all other issues...
you mean in the rest of the world, $$$ never outweighs other issues?
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Many Christians are praying against the casino
They pray that the casino goes bankrupt.
You believe their prayers will be effective?
(Prime Minister Sharon wanted to give up land for treaty with Arabs. The religious people organised a ceremony to put a curse over him. A few days later, he suffered a stroke. He is still in a coma after more than a year.......) Don't play play.....
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when there is too much hype about it, too many players entering into the gambling business, look out for a bursting bubble.
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Originally posted by seyKai:
have they calculated the social problems vs economic gains caused by gambling by settng up casinos here?
Prostitution
Bankruptcy
How many next-of-kin will be affected by a gambler
Rise in Crime rates (both organised and petty crime)
whether singapore will still be a 'Safe Haven' to live in.
more talents migrating?
Not to add that this place will become ultimately more sleazier.
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Originally posted by ArtBoon:
So another guy is getting into gaming. Over here, Philippine also talked about gaming.
When everybody starts getting into gaming, then it is even harder to make money.
The winners were the construction companies who grabbed the first contracts, and the enbloc sellers who rode on the perceived influx of foreigner buyers/rental.
The operator is sitting on the debt and building and worried about cash flow (now) and competition (future).
Not just Phillippine but Japan, Korea Vietnam etc are jumping into the bandwagon...
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Originally posted by oldbreadstinks:
no need to bail IR, they'll just remove the $100 thingy so locals can go in to "boost the economy"
yeah, no need to bail out IR.
Just remove the $1000 entrance fee or increase GST can liao...... -
Originally posted by Dr Who:
Stock market rattles Las Vegas Sands
By Esther Fung, TODAY | Posted: 23 October 2008 1211 hrs
Photos 1 of 1 
SINGAPORE : Questions have been raised about the health of United States gaming company Las Vegas Sands, which is building Marina Bay Sands resort here.
The company’s share price has plunged from a 52-week high of US$144.15 to Tuesday’s price of US$12.43 on concerns about a slowdown at its US operations, profitability of its Macau casinos and high gearing.
Mr Bill Eadington, director of the Institute for the Study of Gaming and Commercial Gaming at the University of Nevada in Reno, said the share price plunges at Las Vegas Sands and two other gaming firms reflect investor concerns about the firms, reported the online version of the Reno Gazette Journal.
“Either they are phenomenally good (stock) buys, or some of these companies are not going to be around,” he said.
In the worst-case scenario, if the US company goes bankrupt, Marina Bay Sands is unlikely to escape unscathed, said market observers.======================================
If Casino collapse, will it drag down the Banks which loaned it money to build the resort?
Which banks had loaned money to the Casino? POSB? DBS ?W ill they be affected? Will your money be affected?
Good luck to all involved....
if casino collapse, all of us will be affected. gahmen will impose various taxes to raise money and maybe dip into our reserve.
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Originally posted by lotus999:
if casino collapse, all of us will be affected. gahmen will impose various taxes to raise money and maybe dip into our reserve.
they can tap into the reserve or borrow money from the people.
the US government is famous for that. borrowed lots of money from the people, including the 700 billion doallar bail out recently.
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Originally posted by skythewood:
they can tap into the reserve or borrow money from the people.
the US government is famous for that. borrowed lots of money from the people, including the 700 billion doallar bail out recently.
yes, but the americans will get equity shares in those financial institutions that receive the bailout. for singaporeans we get nothing. we will not be told even!
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Originally posted by lotus999:
yes, but the americans will get equity shares in those financial institutions that receive the bailout. for singaporeans we get nothing. we will not be told even!
the americans will get to share the many many amounts of debt the government owed.
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I am amazed by the US' way of incurring additional debt and pushing that problem to next generation. Is it because they don't have the will to cut consumption today, or is it something else that I failed to see...?
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Next time, there will be an ERP gantry at the doors of the casinoes.
Beep. Beep.
$100 deducted from your cash card in your wallet.
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Originally posted by lotus999:
if casino collapse, all of us will be affected. gahmen will impose various taxes to raise money and maybe dip into our reserve.
SIngapore IR will not be failure. With world wide economy downturn. Who will come and gamble in IR? The locals will be the answer for that supply. PAP will open the floodgate and let everybody come in and gamble including singaporean. Totally unrestricted... For them to suceed, they don't care abt any moral issue and whatever social problem it causes. Given that how much singapore pools earn just by 4D and toto. I cannot imagine how much IR can chew up the locals saving..Yr tax will not even increase but decrease. Cos they even need not tax u and money auto go back thru IR.
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TS says Casino funding may delay project?
Well, we know the priority the casino is given.
Clue : funding will have to come from somewhere.
;)
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if casino collapse, all of us will be affected. gahmen will impose various taxes to raise money and maybe dip into our reserve.
if that day comes, it will be call " $xxbillions bailout plans".
i guess, singapore will be the only country in the world that will ever bailout a casino.
By the way, even the US is not bailing out the US auto industry dispite the industry employing hundreds thousands of workers in related industry.
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US treasury is asking for additional 450bn USD new debt, I read some headline...
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Neeed more money.. to pump into thier investment countries. lol! Before they all go bust.
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This is the beginning of a crisis, be prepare. the rich will get richer and poor will be poorer
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Dun worry few rich will give back to the poor. Not all is lost..
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Last ditch attempts to try increase the already dropping amount of tourism every year.
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This is the beginning of a crisis, be prepare. the rich will get richer and poor will be poorer
at least the US president candidate Obama dare to challenge this stigma.
\he gona tax the rich more if he won election.
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Originally posted by reyes:
at least the US president candidate Obama dare to challenge this stigma.
\he gona tax the rich more if he won election.
i dunno about the facts but the rich in the west seem to give more compared to the east? we prefer to pass down to our children?
money has to come from somewhere but would taxing the rich be a good thing?