investment life

Singapore Stock Review :Does Singapore Casino project will successful? How Genting Future?

A Trip to Macau to see how the Casino operation there. The success story of Macau is due to backup by China mainland. Most of the people enter casino or in Macau are from China mainland. There is little other tourisim sfrom other country but still main entrance are from china. I can sense how their gambling and how generous they are in Macau consumer market.

Reversely, I to a "Casino Boat " near Batam, the main entrance is Singaporean and partial is Malaysian and other raced. The spending power , the chip they are play very small. You can imagine they only bet for SGD 10 for each bet. Additional free food are serves all the time. If Singapore government imposed SGD 100 per entrance. Then those gambling comunity will still choice this kind of "Casino Boat' for their choice.

You may said the future project will determine by foreigner and not local. Do you noticed Genting Highland more than 50% of the customers is Malaysian and balance is foreigner including Singaporean. Does Singapore can attract international tourisim there. There is issued of drink and woman. Each successful casino must accompany with woman and drink. Does Singapore government allow the Sentosa full with this kind of woman? Macau is backup by China. Singapore casino backup by Malaysian and Indonesia who poorer than Singapore?

The most restriction , the less hope for successful. Anyhow If project fail Singapore government won't loss anything. since the project is funding by foreigner. If Singapore casino fail. I believe Genting also will gone. so how you think Genting or Genting international rally can long?

posted by leeya @ 12:42 AM