Singapore Casinos – Moneylenders Under Siege

Posted: November 1, 2011 in Uncategorized

1st Nov 2011  Tues

News Extracts from Singapore

Surely the casino mass gaming market be affected...

Now the rule is formally out and implemented, by the Singapore govt., aims to restrict unproductive money flow to the two IR casinos, through mass market credit that would cause social problems.

Coming from insider sources, the amount that’s on loan to casino patrons has been increasing over the past 6 months. This new regulation forbidding newspaper advertisement and direct mailing (including brochure & posters) in public places from moneylenders would affect IR casinos mass gaming market. 

Singapore casinos inevitably will turn to VIP gaming activities to compete for market share.  Casino credit will continue to increase over time with risk exposure for the operators. Ultimately, it will turn out to be a margins game.

 

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