socrates469bc Posted May 21, 2020 Share Posted May 21, 2020 will genting slash their staff in sentosa casino?????? https://www.theedgemarkets.com/article/genting-malaysia-slash-headcounts-when-chips-are-down nb, if sgp real unemployment no 10% next quarter, i chop my kkj. Link to comment Share on other sites More sharing options...
The_King Posted May 21, 2020 Share Posted May 21, 2020 (edited) 10% is a lot No wonder yesterday say running out of time. so i guess it running out of correct time before unemployment hit 10% Edited May 21, 2020 by The_King 1 Link to comment Share on other sites More sharing options...
XianGe Posted May 21, 2020 Share Posted May 21, 2020 Ah Din still wan discourage visitors by billing them rm150 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted May 21, 2020 Author Share Posted May 21, 2020 1 hour ago, The_King said: 10% is a lot No wonder yesterday say running out of time. so i guess it running out of correct time before unemployment hit 10% 50 minutes ago, XianGe said: Ah Din still wan discourage visitors by billing them rm150 and market is still pricing in a v-shaped recovery. theres a disconnection between reality and financial market now. see ocbc share price know liao, no strength to break above 9.10 means economy has more downside. but still have kgks go and buy venture betting quick recovery. wahahahahaha 1 Link to comment Share on other sites More sharing options...
The_King Posted May 21, 2020 Share Posted May 21, 2020 those ppl lack foresight. Link to comment Share on other sites More sharing options...
socrates469bc Posted May 21, 2020 Author Share Posted May 21, 2020 4 minutes ago, The_King said: those ppl lack foresight. and dbs still refuse to give sell on genting sgp. nb, tell me buy since nov 2018. https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/GENS_SP.xml 1 Link to comment Share on other sites More sharing options...
The_King Posted May 21, 2020 Share Posted May 21, 2020 4 minutes ago, socrates469bc said: and dbs still refuse to give sell on genting sgp. nb, tell me buy since nov 2018. https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/GENS_SP.xml remind me of a story called buy high sell low 1 Link to comment Share on other sites More sharing options...
Homelander Posted May 22, 2020 Share Posted May 22, 2020 10% unemployment is a lot...wonder how is macau and our integrated resorts Link to comment Share on other sites More sharing options...
socrates469bc Posted May 22, 2020 Author Share Posted May 22, 2020 37 minutes ago, Homelander said: 10% unemployment is a lot...wonder how is macau and our integrated resorts looking at the weekly jobless claims in the us, 10% is not alot. us unemployment is at almost 15% which is highly accurate since the data is complied from the weekly jobless claims. sgp unemployment numbers will be highly inaccurate since it is done on a representative survey basis and a brilliant statistician will know how to make ah dou loong looks good. with no gamblers, rws and mbs will most likely be letting go up to 50% or more of their headcount since no hotel rooms to clean for the next 1 yr. expect a serious hit on employment as ah dou loong has almost finish recalibrating the majority of sgp workers into grab drivers and sakti app coders. wahahahhahaha Link to comment Share on other sites More sharing options...
The_King Posted May 22, 2020 Share Posted May 22, 2020 Ya, running out time, must faster before they become delivery cum driver 2 Link to comment Share on other sites More sharing options...
aaur4man Posted May 22, 2020 Share Posted May 22, 2020 25 minutes ago, socrates469bc said: looking at the weekly jobless claims in the us, 10% is not alot. us unemployment is at almost 15% which is highly accurate since the data is complied from the weekly jobless claims. sgp unemployment numbers will be highly inaccurate since it is done on a representative survey basis and a brilliant statistician will know how to make ah dou loong looks good. with no gamblers, rws and mbs will most likely be letting go up to 50% or more of their headcount since no hotel rooms to clean for the next 1 yr. expect a serious hit on employment as ah dou loong has almost finish recalibrating the majority of sgp workers into grab drivers and sakti app coders. wahahahhahaha Casino hire mostly foreigners anyway But got quite a number of sinkies as well. Hope they ok Link to comment Share on other sites More sharing options...
socrates469bc Posted May 22, 2020 Author Share Posted May 22, 2020 (edited) 13 minutes ago, aaur4man said: Casino hire mostly foreigners anyway But got quite a number of sinkies as well. Hope they ok croupiers mostly pinoys or bolehsians. locals r mostly in sales and admin. if i m rws or mbs, govt give me wage support for 6 mths got smlj use since i m projected to have no biz for at least 2 yrs. better retrench and keep minimum essential staffing to lower my cash burn. Edited May 22, 2020 by socrates469bc 2 Link to comment Share on other sites More sharing options...
aaur4man Posted May 22, 2020 Share Posted May 22, 2020 26 minutes ago, socrates469bc said: croupiers mostly pinoys or bolehsians. locals r mostly in sales and admin. if i m rws or mbs, govt give me wage support for 6 mths got smlj use since i m projected to have no biz for at least 2 yrs. better retrench and keep minimum essential staffing to lower my cash burn. Maybe they will renovate it to be social distancing Lots of panels everywhere Improve HVAC Might still be able to restart soon Link to comment Share on other sites More sharing options...
meng.huat Posted May 22, 2020 Share Posted May 22, 2020 the outlook for tourism and entertainment is very bad. i don't think the economy can sustain 2 casinos and multiple cruise ships in singapore. If Genting can survive without permanent damage, it will be considered a miracle. 3 Link to comment Share on other sites More sharing options...
aaur4man Posted May 22, 2020 Share Posted May 22, 2020 These huge group wonder why got no warchest Link to comment Share on other sites More sharing options...
socrates469bc Posted May 22, 2020 Author Share Posted May 22, 2020 9 minutes ago, aaur4man said: Maybe they will renovate it to be social distancing Lots of panels everywhere Improve HVAC Might still be able to restart soon casino environment is very hard for social distancing without limiting the number gamblers in the house. if casino limit the numbers of gamblers, the house edge of casino tables alone will not be able to support the operation if there r not enough gamblers. the profitability of macanese casinos r suffering in this new norm. https://www.yogonet.com/international/noticias/2020/04/14/52922-macau-recovery-could-take-three-years-analysts-say 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted May 22, 2020 Author Share Posted May 22, 2020 20 minutes ago, meng.huat said: the outlook for tourism and entertainment is very bad. i don't think the economy can sustain 2 casinos and multiple cruise ships in singapore. If Genting can survive without permanent damage, it will be considered a miracle. casino shldnt even be mooted as an economic policy in the first place as it is not an economic growth sustainable policy as shown in many us studies. i m just surprised at how many stupid pappy leaders there r who never bother on reading the relevant economic journal papers and their blind supporters. not just casino groups but almost all leisure groups that provide only physical entertainment like dalian wanda etc. i wouldnt be surprised if casinos and groups like dalian wanda collapse in the next 2 yrs or so. wahahahhahah 1 1 Link to comment Share on other sites More sharing options...
meng.huat Posted May 22, 2020 Share Posted May 22, 2020 28 minutes ago, aaur4man said: These huge group wonder why got no warchest when seducing investors, will claim strong warchest to fight downturns... when taking losses, will claim big losses and forgot about reserves... hoping for govt bailout Link to comment Share on other sites More sharing options...
The_King Posted May 22, 2020 Share Posted May 22, 2020 Lol, even a dkgk like me know cannot depend on casino eonomic growth. Also will the cruise ships tickets be cheaper ? If cheaper I can hoot a few and go with family 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted May 22, 2020 Author Share Posted May 22, 2020 1 hour ago, aaur4man said: These huge group wonder why got no warchest 45 minutes ago, meng.huat said: when seducing investors, will claim strong warchest to fight downturns... when taking losses, will claim big losses and forgot about reserves... hoping for govt bailout son-san has the biggest warchest. wahahahahha 2 Link to comment Share on other sites More sharing options...
Standing Birdy Posted May 22, 2020 Share Posted May 22, 2020 Got so many online casino But gahmen want to milk these big companies and won't allow them to go online Meanwhile online operators can base in some cheap and ulu place to lower their capex and opex and maybe siam tax also 1 Link to comment Share on other sites More sharing options...
aaur4man Posted May 22, 2020 Share Posted May 22, 2020 4 minutes ago, Standing Birdy said: Got so many online casino But gahmen want to milk these big companies and won't allow them to go online Meanwhile online operators can base in some cheap and ulu place to lower their capex and opex and maybe siam tax also Anything e is subject to scrutiny E-gambling E-cigg E-pimping 1 1 Link to comment Share on other sites More sharing options...
Standing Birdy Posted May 22, 2020 Share Posted May 22, 2020 9 minutes ago, aaur4man said: Anything e is subject to scrutiny E-gambling E-cigg E-pimping Because easy to siam payment to gahmen Same theory as protection money to gangs 1 1 Link to comment Share on other sites More sharing options...
The_King Posted May 22, 2020 Share Posted May 22, 2020 will the cruise ships tickets be cheaper ? If cheaper I can hoot a few and go with family Link to comment Share on other sites More sharing options...
socrates469bc Posted May 22, 2020 Author Share Posted May 22, 2020 2 hours ago, Standing Birdy said: Got so many online casino But gahmen want to milk these big companies and won't allow them to go online Meanwhile online operators can base in some cheap and ulu place to lower their capex and opex and maybe siam tax also 2 hours ago, aaur4man said: Anything e is subject to scrutiny E-gambling E-cigg E-pimping this is exactly what happened in pinoyland and khmerland. https://www.scmp.com/week-asia/politics/article/3038955/duterte-played-china-over-online-gambling-house-won https://www.scmp.com/news/china/diplomacy/article/3025262/sihanoukvilles-big-gamble-sleepy-beach-town-bet-its-future and becos of this reliance on pogos and casinos as drivers for artificial growth, this is starting to bit the d30 and ah sen badly now. https://www.scmp.com/week-asia/economics/article/3043542/chinese-crime-wave-hits-dutertes-philippines-pogos-grow https://www.scmp.com/business/article/3076703/metro-manila-office-market-could-decline-two-year-low-amid-philippine https://www.scmp.com/magazines/post-magazine/long-reads/article/3051344/sihanoukville-cambodian-magnet-chinese-casinos Link to comment Share on other sites More sharing options...
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