*Official* Genting SP

[RedSlayer]

Its like more and more faeces being uncovered lol.

Sent from parallel universe using GAGT

 

[KeenKid]

Just happen to come across Stanley Lim Linkedln profile ...
Just a half cooked inexperience kid like me !

He is assuming the 100% of the total receivable in Genting is bad debt !
Doubt there will be any credibility in his writing.
May be end up like another Roy Ngerng , later Genting send lawyer letter to his home....

 

[linxiaobei]

Okay lah. He is treating the whole case with the worse possible scenario....which is unlikely to happen lah. Haha.

But you can see them taking on unnecessary risk in order to get more high rollers to play.

Sent from The Sun using GAGT

 

[winorlose]

Anyway gambling in casino is like playing virtual credits.

U lose u lose real $$, casino collects real $$

Casino lose on credit which is on paper only..tio boh..write off also nothing wrong.

They only really lose $$ if u win big big and dont come back but what r the chances? Very little..haha

 

[linxiaobei]

Anyway gambling in casino is like playing virtual credits.

U lose u lose real $$, casino collects real $$

Casino lose on credit which is on paper only..tio boh..write off also nothing wrong.

They only really lose $$ if u win big big and dont come back but what r the chances? Very little..haha

True that. Since they are effectively not using any capital for the possible gains from high rollers.

And winners will most probably go back to try their luck again until....they lost the gains and pile on the deficits.

Sent from The Sun using GAGT

 

[nooneno]

Genting hotel opening soon in Jurong East.

Genting to chiong

 

[a1v1n_]

Genting hotel opening soon in Jurong East.

Genting to chiong

End of Apr. Let's see.

Sent from ME using GAGT

 

[a1v1n_]

Suburban hotels can appeal to corporates, budget travellers: Analysts

Sent from ME using GAGT

 

[darkmatt]

Anyway gambling in casino is like playing virtual credits.

U lose u lose real $$, casino collects real $$

Casino lose on credit which is on paper only..tio boh..write off also nothing wrong.

They only really lose $$ if u win big big and dont come back but what r the chances? Very little..haha

actually, play "properly" and u can win in casino one..
of course like stocks, don't be greedy. for your win can become lose instantly

 

[Perisher]

in the long run, one can never beat the house

if play a few games, win and zhao~ maybe can profit

but if play 100 games 1000 games... in the long run is sure lose $$

most games they have around 5% advantage over the player

I don't encourage gambling but I have played more than a 1000 games at SIC BO and win. It's a strategy but slow and steady build up. Can beat the house but cannot win more than a normal person working a 8 hour shift earning 5k/mth. Tested and proven over my time in Aussie last year.

But please don't ask me how I do it. It's pointless and the earnings are not stable, some days you won't even earn at all despite putting in the hours.

Suffice to say, it's not for gamblers.

 

[Perisher]

you should continue doing it if its profitable, player higher stakes to earn faster and more?

Let me reveal one thing about betting, the biggest bettor rarely win. That's why you shouldn't be the biggest bettor on the table. That's all I will reveal. Revealing this should made the gamblers think before betting big. Anyway, Let's not encourage betting.

 

[lcornwisky]

Trading is gambling

Sent from Casino de Monte-Carlo using GAGT

 

[Keverus]

 

[Perisher]

Trading is gambling

Sent from Casino de Monte-Carlo using GAGT

Let's define gambling a bit.
When you do anything without calculation of risk/reward, probability, strategy and planning, it's call gambling.
When you do all the above, it's called investing. Some term it calculated gamble.

One leave everything up to chance, fate, randomness whatever while the other will more likely than not give you steady streams of returns over the long run.

 

[lcornwisky]

Agree and there is always something called tilt

Sent from Casino de Monte-Carlo using GAGT

 

[darkmatt]

Trading is gambling

Sent from Casino de Monte-Carlo using GAGT

depends

in the long run, one can never beat the house

if play a few games, win and zhao~ maybe can profit

but if play 100 games 1000 games... in the long run is sure lose $$

most games they have around 5% advantage over the player

not so high la. max around 3%?

roulette has less than 1% house edge

 

[lcornwisky]

Yea gambling and trading are similar as there is trading tilt as well as gambling tilt

Sent from Casino de Monte-Carlo using GAGT

 

[linxiaobei]

roulette 1%?

think you should read up more about this subjective

http://wizardofodds.com/gambling/house-edge/

maybe he meant baccarat than roulette. Lol

Sent from The Sun using GAGT

 

[a1v1n_]

the genting hotel in jurong just opened and now this..
will have impact?

The Straits Times

JUST IN: Jurong Lake District will be the Singapore terminus for the new high speed rail link between Singapore and Malaysia. The timeline of 2020 will also be revised, but Prime Minister Lee Hsien Loong says he hopes a new agreement, and a revised timeline, will be reached by the end of this year.

 

[felixleong]

Jurong Country Club acquired for High-Speed Rail terminus
SINGAPORE: The Kuala Lumpur-Singapore High Speed Rail terminus will be located at the current site of Jurong Country Club, announced the Singapore Land Authority, the Land Transport Authority and the Urban Redevelopment Authority in a joint news conference on Monday (May 11).

This follows the announcement Prime Minister Lee Hsien Loong made last week after a bilateral retreat with his Malaysian counterpart Najib Razak. Mr Lee said then that Singapore will site its terminus in Jurong East.

Some analysts earlier suggested that Jurong Country Club was the most likely location for a terminus.

The authorities said Jurong Country Club will have to hand over its land by November 2016, ahead of its lease expiry in 2035. The site will be comprehensively redeveloped for new mixed-use developments and community facilities to serve Jurong residents, travellers and visitors.

Future developments will include offices, hotels, retail and entertainment facilities, including possible residential development.

Authorities said the Jurong Country Club site is "ideal due to its high connectivity, with close proximity to the existing two MRT lines (East-West and North-South Lines) at Jurong East MRT station, a new MRT line (the Jurong Region Line and Cross Island Line) being planned around the area, as well as the future integrated transport hub in Jurong East".

"The terminus will also be located close to Jurong Gateway, which is already shaping up well as a vibrant mixed-used precinct. Hence the terminus location is compatible with the surrounding land uses and well-supported by infrastructure and amenities," added the three authorities.

The terminus will occupy about 20 per cent of the 67 hectare site while the rest will be reserved for the mixed development. Most of the High-Speed rail line will be underground.

The High Speed Rail, described as a "game changer" by leaders from both Singapore and Malaysia, aims to cut down travel time between Kuala Lumpur and Singapore to just 90 minutes. The target for completion which was initially 2020, has been pushed back due to the complexity and scale of the project.

Leaders will decide on a new timeframe for when the train will start running, at the end of the year.

CLUB NOT GIVEN NEW SITE FOR GOLF COURSE

When fully developed, the entire Jurong East site, including the lake districts, the Jurong East Gateway - billed to be Singapore's second Central Business District, and the site for the new terminus will occupy an area of about 360 hectares - about the size of the current Marina Bay area in downtown Singapore.

The Singapore Land Authority gazetted the acquisition of the affected land on Monday morning. It said it will work closely with the management of Jurong Country Club and help it with the acquisition process.

The club will not be give a new site for a golf course, but authorities said it will work with the club to identify other possible sites for social purposes.

Founded in 1975, the Jurong Country Club began as a nine-hole golf course before further development into an 18-hole course. In 2012, it completed a redevelopment project to remodel the golf course at a cost of S$24 million, and the remodelled course was re-opened to members in Jul 10 of that year.

The Government has been reclaiming land from golf courses for redevelopment. In February last year, the two golf clubs - Keppel Club and Marina Bay Golf Club - were told that they would not have their leases renewed when they expire. Three others - Tanah Merah Country Club, National Service Resort and Country Club and Singapore Island Country Club - will have their leases extended but they will be giving up part of the land they now occupy.

Keppel Club's lease expires Dec 31, 2021, and Marina Bay Golf Course's lease expires Jul 13, 2024.

- CNA/av