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Thread: Dizzy new world of S'pore high rollers

  1. #21

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    Quote Originally Posted by howgozit
    I am not being moralistic about gambling. But just how much of this money is going to Singaporeans?

    The casinos were brought in under the guise of promoting MICE with the addition of casinos supposedly being a small part of MICE. But we are not reading news of Singapore surpassing any country as a MICE host.

    Being a top gambling city IMHO is a dubious "honour" just above the "honour" of being a top prostitution city.
    The amount of taxes collected should be significant! Think singapore strategy is to get tourism dollar from tourists. That why the 100 dollar imposed to prevent silly singaporeans to waste their money there. The strategy works pretty well in shielding majority of singaporeans from entering the casinoes. Kudos to the government.

    There really not much Singapore can do to make herself relevant. If u tok about tourism, Singapore has no nice mountains, no nice scenery, no nice services. The casinos help boost Singapore as a viable destination.


  2. #22

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    Quote Originally Posted by hopeful
    he lose 18 times in a row?
    2 ^18 = 262144
    he started from 1 dollar bet?
    I'm pretty sure he lost more than that. Never seen so much cash in my life. Probably in the gambling, prostitution, etc line himself to be easy with flushing cash down the drain.

    Even if i'm a partner in a law or audit firm with 2-3 million in annual pay, i seriously doubt i will be comfortable betting such a big amount in cash. The pay will be electronically debited afterall.

  3. #23

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    Quote Originally Posted by Allthepies
    The amount of taxes collected should be significant! Think singapore strategy is to get tourism dollar from tourists. That why the 100 dollar imposed to prevent silly singaporeans to waste their money there. The strategy works pretty well in shielding majority of singaporeans from entering the casinoes. Kudos to the government.

    There really not much Singapore can do to make herself relevant. If u tok about tourism, Singapore has no nice mountains, no nice scenery, no nice services. The casinos help boost Singapore as a viable destination.

    The taxes collected is lower compared to what is being charged over in US and Macau.

    For a vice operation, the government should really tax the operators a lot more.

    http://www.easg.org/media/file/vienn...ihai_Huang.pdf

  4. #24

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    Quote Originally Posted by Worsty
    The taxes collected is lower compared to what is being charged over in US and Macau.

    For a vice operation, the government should really tax the operators a lot more.

    http://www.easg.org/media/file/vienn...ihai_Huang.pdf
    Another incentive for casino operators to draw high rollers to Singapore from US and Macau? Just thinking aloud

  5. #25

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    Quote Originally Posted by Allthepies
    The amount of taxes collected should be significant! Think singapore strategy is to get tourism dollar from tourists. That why the 100 dollar imposed to prevent silly singaporeans to waste their money there. The strategy works pretty well in shielding majority of singaporeans from entering the casinoes. Kudos to the government.

    There really not much Singapore can do to make herself relevant. If u tok about tourism, Singapore has no nice mountains, no nice scenery, no nice services. The casinos help boost Singapore as a viable destination.

    There is no doubt the amount of sin tax collected is substantial even if we are taxing a lower rate than Macao. Sin taxes are so imposed because it is considered to be harmful to society.

    Again I am not trying to be moralistic about gambling but I am skeptical of the overall beneficial effect. Are the extra tax and tourism dollars coming in enough to counter the dramatic increases in living costs and astronomical property prices?

  6. #26

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    Quote Originally Posted by howgozit
    There is no doubt the amount of sin tax collected is substantial even if we are taxing a lower rate than Macao. Sin taxes are so imposed because it is considered to be harmful to society.

    Again I am not trying to be moralistic about gambling but I am skeptical of the overall beneficial effect. Are the extra tax and tourism dollars coming in enough to counter the dramatic increases in living costs and astronomical property prices?
    I'm with you on this. The tax and tourism dollars isn't directed to the correct avenues to counter the higher cost of livings due to the casinos. It's just easy money for the government from where i'm seeing it.

  7. #27

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    Quote Originally Posted by Worsty
    I'm with you on this. The tax and tourism dollars isn't directed to the correct avenues to counter the higher cost of livings due to the casinos. It's just easy money for the government from where i'm seeing it.
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    i am very thankful of IRs

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