socrates469bc Posted March 17, 2020 Share Posted March 17, 2020 ....... that casino economy is the way forward for the sgp economy. 16 yrs later, s&p downgraded genting bonds last dec from a- with outlook stable to bbb+ with outlook stable. few days ago, s&p revised outlook to negative while rating maintain at bbb+. this means there will be further downgrades to come. so will genting enter bankruptcy like caesars entertainment??? wahahahahhaha https://www.theedgemarkets.com/article/sp-global-believes-covid19-will-hit-genting-group-hard-2020 https://www.casino.org/news/american-casinos-2015-the-ups-and-downs/ 1 Link to comment Share on other sites More sharing options...
The_King Posted March 17, 2020 Share Posted March 17, 2020 the crash still not in full force yet 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted March 17, 2020 Author Share Posted March 17, 2020 (edited) 21 minutes ago, The_King said: the crash still not in full force yet casino biz used to be a sure win biz becos overall house edge is in banker's favour. but after the transformation into integrated resort model, the outlay increased exponentially and is only profitable during the good times. thats why even mad-rational Trump's casino in atlantic city also closed down due to slowdown and increased competition in 2014. but loong loong too stupid to realize this simple economic truth. wahahahhahah Edited March 17, 2020 by socrates469bc 2 Link to comment Share on other sites More sharing options...
The_King Posted March 17, 2020 Share Posted March 17, 2020 casino biz used to be a sure win biz becos overall house edge is in banker's favour. gambling where got sure win? i think this quote is the best 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted March 17, 2020 Author Share Posted March 17, 2020 18 minutes ago, The_King said: casino biz used to be a sure win biz becos overall house edge is in banker's favour. gambling where got sure win? i think this quote is the best there is no sure win in gambling, but there r ways to maximize ur chances of beating the house. there r only 2 games that can effectively reduce the house edge to 0, blackjack and poker. so i only play these 2 games since i can use my maths and stats to beat the house and effectively reduce house edge to 0. more sexpert players playing in teams can even turn the house edge to negative in their favor. 1 1 Link to comment Share on other sites More sharing options...
ODACHEK Posted March 18, 2020 Share Posted March 18, 2020 No worries, PAP beri rich....honeyma also said reserves enuff can use... 2 TVB for life... Link to comment Share on other sites More sharing options...
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