Control Casino Money Source, Not The Levy! Singapore Casinos New Development

Posted: October 15, 2011 in Uncategorized

15th Oct 2011    SAT

Feedback from a “Pseudo Junket” (Malaysia based)

WHY IT’s HARD TO SERVE PLAYERS AT THE IR CASINOS IN SINGAPORE

We managed to obtain a brief feedback from one of the “Pseudo Junekts” as follow:

“Life for people like us servicing the casino players is getting tougher.

The two things that hurt us most are, disallowing casino floor money-lending and, now they prohibit newspaper advertisement for money lending.

In Singapore casinos, we mainly serve those who come down from Malaysia and the local China workers.  In recent months, less Malaysians are travelling down to Singapore due to heavy losses.  So we switch to serve Chinese workers and now, includes local players.   These are the “mid-range” players who can sustain their frequent casino visits if they have the credit source – from the moneylenders.  Without the moneylenders strong support, we Junkets have to bear higher credit risk.  That’s not good.”

Without money lenders strong support of credit to players, IR casinos will be affected

Assessment by Professional Ground panel:

WE THINK THAT THIS IS SIMPLY A SMART MOVE BY THE AUTHORITY, IN AN INCREASED EFFORD TO CONTROL THE MONEY SOURCE TO THE CASINOS, RATHER THAN TO UP THE ENTRANCE LEVY FOR LOCALS.

Advertisements
Comments
  1. If a brand-new post becomes available or if perhaps any changes occur on your site, I would love to read more. lost season 6

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s