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Found 49 results

  1. DACH

    Casino tycoon to retire...

    'Godfather' of Macau casinos Stanley Ho to retire Daisy Ho takes over as chairman and exec director; Angela Leong and Timothy Fok appointed co-chairmen and exec directors https://www.businesstimes.com.sg/consumer/godfather-of-macau-casinos-stanley-ho-to-retire MACAU gambling tycoon Stanley Ho will step down from his flagship casino empire SJM Holdings, the company said late on Thursday, as the 96-year-old magnate hands over the reins to his daughter. Known as the "godfather" of Macau casinos, Mr Ho has been instrumental in turning the former Portuguese colony on China's southern coast into a gambling boomtown, with gaming revenue surpassing Las Vegas. His retirement will take effect on June 12 at the end of SJM's annual general meeting, after which he will take on the new title of "chairman emeritus", the company said. Daisy Ho, his daughter, will take over as chairman and executive director, while his fourth wife, Angela Leong, and Timothy Fok, son of Stanley Ho's former business partner Henry Fok, will be appointed co-chairmen and executive directors. Gaming revenues in Macau were hit hard by a corruption crackdown launched by China's President Xi Jinping in 2012, but SJM is trying to lure visitors back to Macau with the sprawling new Grand Lisboa Palace complex, reportedly due to open in 2019. Mr Ho is the great-nephew of one of Asia's first tycoons, Robert Hotung, who was among Hong Kong's wealthiest individuals at the turn of the 20th century. He made his fortune smuggling luxury goods into China from Macau during World War II, before securing the only gaming licence in the then-Portuguese colony in 1962. The billionaire monopolised the gaming industry until 2002, when the government introduced foreign investors, sparking a boom which saw casino takings contribute around 80 per cent of the city's annual revenue. He stepped down as chairman from his Hong Kong-based conglomerate Shun Tak Holdings last year with his daughter Pansy Ho succeeding him.
  2. We have all read in the papers about how people win big big in casino and how others lose a large fortune there also. So some will win and some will lose. Is there really such thing as a professional gambler who wins consistently(say 7 or 8 out of 10 games) so that he/she does not need to work? I started this topic out of curiosity and thought it may be an interesting topic. Any real life examples will be great !
  3. Former RWS casino dealer stole chips worth at least S$77,000, bought branded goods Sources: https://www.todayonline.com/singapore/former-rws-casino-dealer-stole-chips-worth-least-s77000-bought-branded-goods SINGAPORE — A former dealer at the Resorts World Sentosa (RWS) casino took at least S$77,000 worth of S$1,000 cash chips, asked a friend to help him cash some of them out, and used the money to buy luxury goods for himself and his girlfriend. His spending spree included a Breitling watch worth almost S$6,000, a pair of Balenciaga shoes and a pouch, and S$400 Chanel earrings. He also bought an Apple iPad mini and an iPhone. On Thursday (June 20), Ding Zhipeng, a Chinese national, was sentenced to nine months and six weeks’ jail and fined S$12,000. The 28-year-old pleaded guilty in the State Courts to one charge of criminal breach of trust, one charge under the Casino Control Act and one charge under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act. Thirteen similar charges were taken into consideration for sentencing. The court heard that Ding had been employed at RWS since July 2017, and looked after casino cash chips kept in the float — that is, trays where the chips were kept — of his assigned gaming tables. He began stealing casino cash chips from the float sometime in May or June 2018, when there were no patrons at his gaming table. His offences were finally discovered on Nov 12, 2018, when a surveillance operator spotted Ding taking S$1,000 cash chips from the float. The operator then called the police. Officers seized 72 chips and S$3,000 in cash from Ding’s rental room when they searched it later that evening. He surrendered another two chips that he had kept inside his pants when he was arrested. Deputy Public Prosecutor Tay Jia En noted that Ding had misappropriated a large amount over an extended period of time. He showed premeditation by stealing the chips when his supervisor was not looking, the prosecutor added, and he used a friend to cash out the chips as he would attract suspicion by doing it himself. In mitigation, Ding’s lawyer John Koh told the court that his client was stressed and “resorted to improper channels to make extra money”, while working long hours to make money for his family back in China. Most of the money was eventually recovered as well, Mr Koh added.
  4. Singaporean wins 800 million won jackpot in South Korea: Yonhap SINGAPORE: A 45-year-old Singaporean won a mega jackpot worth 884.8 million won (US$800,000) in South Korea, Yonhap news reported on Saturday (Jun 9), citing casino officials. The 45-year-old Singaporean, who was not named, made the fortune at Paradise City, a foreigners-only casino located in Incheon's Yeongjongdo district. The winner played various casino games from Friday evening before becoming Paradise City's seventh mega jackpot winner. Paradise City's casino in Incheon is one of South Korea's largest foreigners-only casinos. Its three other casinos are located in Seoul, Busan and Jeju. All four casinos have a jackpot ceiling of 1 billion won per win. In March, a mega jackpot winner walked away with a record 988 million won from the casino's branch in Seoul. ** apparently, one of the commentators could not differentiate US$800mil from US$800
  5. thankfully no serious injuries... Workers hurt after ceiling collapses at RWS casino https://www.todayonline.com/singapore/workers-hurt-after-ceiling-collapses-rws-casino
  6. taken from yahoo http://sg.yfittopostblog.com/2010/09/27/rw...-your-winnings/ wtf?? can imagine how pissed he is... would they have refund him his $$ if he had lost instead? classic example of "the house always win" rules apply here A 67-year-old man was told to forfeit his winnings at Resorts World Sentosa’s (RWS) casino after finding out his exclusion order from the National Council on Problem Gambling (NCPG) had taken effect. Retired cabby Mr Teo Thiam Kee told The New Paper (TNP) that he knew his son had applied for an exclusion order but was not told when the order would take effect so he continued going to the casino to gamble. He said, “I’d won about S$200 but they made me cough up the money before I was allowed to leave. This is unfair. They allowed me to enter but took away my winnings.” According to the same paper, Mr Teo and his family appeared before the committee of assessors at the Family Link@Lengkok Bahru on Sept 8. The committee hears cases before deciding whether to grant the exclusion order. He then went to RWS after the session ended and continued to do so over the next few days as he was told that it would take some time for the order to be granted. However, he was stopped on Sept 11 after he scanned his identity card to exit the casino. Mr Teo returned his S$200 winnings and told TNP, “I didn’t know I had to forfeit my winnings. If I knew, I wouldn’t have gone there.” RWS spokesman, Ms Lee Sin Yee, said the exclusion order for Mr Teo showed up in the system at the time of his exit and not when he entered. Mr Teo claimed that the letter from NCPG informing him that the exclusion order had been granted was dated Sept 9 and delivered by hand after he returned home that same day. It was also reported that the notification of the exclusion order is sent by courier to the respondent and once it is issued, the exclusion order will be deemed effective, regardless of whether the respondent has received it. According to the Casino Control Act, an excluded person or those below the age of 21 must forfeit their winnings if they are caught in the casinos here. The forfeited money goes into the Government Consolidated Fund.
  7. Intel

    Sands Casino Member Points

    Guys anyone know if the points in the Sands member card can be used to redeem carpark? I know Resort World needs 2 point to redeem carpark and more points for buffet, universal studio and stuff... The points for Sands member card can be use for what?
  8. Vincent Tan tries to revive casino plan in Berjaya Hills Resort, says report Published: 17 June 2014 | Updated: 17 June 2014 12:40 PM The Berjaya group wants to build a casino complex in Berjaya Hills Resort, Pahang. It had applied for a licence more than 10 years ago but it was rejected amid protests from some quarters. – Pic courtesy of Berjaya Hills Resort, June 17, 2014.As the debates rages on over Malaysia’s status as a secular state and the renewed interest in hudud, tycoon Tan Sri Vincent Tan wants to revive his plan to operate a casino at the Berjaya Hills Resort in Pahang. The Berjaya group founder said he hoped there would be no objections from any party as the casino complex would benefit Malaysia in terms of foreign exchange and economic spillovers. “Malaysians and foreigners are spending their money on gambling, hotels and food in Singapore, Macau, Cambodia, the Philippines and Las Vegas. I’m sure they would like to come here. We can expect hundreds of buses from Singapore here,” he told the New Straits today in an exclusive interview. Tan had applied for a licence to operate a casino in Berjaya Hills more than 10 years ago but it was rejected amid protests from some quarters. Berjaya Hills, which is just minutes away from the country’s only casino in Genting Highlands, currently has a permit to operate slot machines. Tan said he intended to invest RM3 billion initially in the casino to turn Berjaya Hillls into a world-class tourist destination and Malaysia’s biggest tourism development. ‎The complex, located near Genting Highlands, will include a gaming centre, indoor and outdoor theme parks, food outlets, a retail mall, hotels, a convention centre and holiday homes. Tan told the paper the casino would provide jobs for about 10,000 locals. “We will reapply for the licence. Malaysia should not stick to one operator. It should be shared with other operators as tourism developments can generate a lot of income for the country," Tan was quoted as saying. “South Korea, Japan and Taiwan are looking to give out licences to operate casinos as they realise the full potential of such developments. “We will market Berjaya Hills as a new casino destination globally. I have 4,600ha in Berjaya Hills and there is lot that can be done with such a licence,” he said. Tan’s plan to revive is his latest shot at a gambling licence. In 2010, Tan’s attempt to launch sports betting was aborted after Putrajaya, which had initially granted a betting licence to Ascot Sports, a company controlled by Tan, developed cold feet and withdrew the licence following stiff opposition. “By legalising sports betting… the government could earn annual revenue of up to RM3 billion through taxes,” Tan was quoted as saying by the English-language New Sunday Times newspaper. “Why are some politicians so against this?” Muslim groups have denounced gambling and three Pakatan Rakyat-controlled states have imposed a ban on legalised sports betting which they fear could cause debt problems for punters and other social woes. Unofficial estimates put the illegal sports betting market in Malaysia as being worth as much as RM20 billion a year. Malaysia bans its majority Muslims from gambling but allows betting at a casino operated by Genting Group, on the national lottery and on horse-racing. – June 17, 2014. - See more at: http://www.themalaysianinsider.com/malaysia/article/vincent-tan-tries-to-revive-casino-plan-in-berjaya-hills-resort-says-paper#sthash.yvMObPma.dpuf
  9. from CNA : Casino visit limit on financially vulnerable to take effect on 1 June The casino visit limit on financially vulnerable Singapore citizens and permanent residents will come into effect from 1 June 2013. The visit limit, if imposed, will set a cap on the number of times an individual may visit casinos at the integrated resorts each month. SINGAPORE: The casino visit limit on financially vulnerable Singapore citizens and permanent residents will come into effect from 1 June 2013. The visit limit, if imposed, will set a cap on the number of times an individual may visit casinos at the integrated resorts each month. Three types of visit limits will be introduced. A Voluntary Visit Limit means individuals may apply to the National Council on Problem Gambling (NCPG) to limit their visits. Family members may apply to NCPG through a Family Visit Limit to limit a family member's visit. Persons found to have poor credit records or are vulnerable to financial harm due to gambling could have a Third-Party Visit Limit imposed on them by a committee of assessors appointed by NCPG. The committee will evaluate the individual's financial vulnerability, taking into account factors such as frequency and pattern of casino visits, credit record, work situation and information provided by him and family members. Before the committee imposes a Third-Party Visit Limit on any person, there will be an opportunity for the individual to object to the proposed visit limit. link: http://www.channelnewsasia.com/news/singap...ner/689730.html How would they know a person is financial vulnerability apart from what they had stated ? Only possible way is through Credit Card loan ...
  10. I suppose when desperation times call for desperate stupid idea. Gambling addiction has no bounds..... http://www.asiaone.com/News/AsiaOne%2BNews...130-399012.html SINGAPORE - Police have arrested a 46-year-old man for attempting to enter the Resorts World Sentosa (RWS) casino with another person's identity card. A 41-year-old woman was also arrested for abetting the offence. On Aug 29, 2012, the man who was issued with an Exclusion Order was detained after he was found using another person
  11. Wt_know

    $100 entry fees to CASINO

    wow ... don't look down on this jit pa kor ... huat ah ... can expect GST to go down? 288,000,000 / 18 months / 30 days = $533,000 per day ... aka 5330 sporean/pr go to casino everyday ... Source from ST Josephine Teo, Casino $288m in casino levies collected in last 18 months By Ng Kai Ling Singaporeans and permanent residents paid a total of $288 million in casino levies in 2011 and the first six months of this year. Last year, $195 million was collected while another $93 million was collected from January to June to this year. Singaporeans and permanent residents who want to enter the casinos here have to pay $100 for a daily entry levy or $2,000 for an annual entry levy. Ms Josephine Teo, Minister of State for Finance, revealed the figures in parliament on Tuesday without giving a breakdown of how much was collected in daily and annual levies.
  12. What about our neighbourhood's 4D/Toto shops? They do not even have a $10 or $1 entry deterrence. What are they going to do about these outlets mushrooming everywhere, with thousands of housewives, retirees and average Joes all flocking to them without fail on daily basis? How much $$$ are these folks pumping in on a regularly basis? Many of them do not know they have contributed generously to the building of the Esplanade. This MG merely TCSS only. See if he and his ministry can tackle this more pressing menace. From CNA: http://www.channelnewsasia.com/stories/sin...1167611/1/.html Tighter advertising & promotions guidelines for casinos By Imelda Saad | Posted: 25 November 2011 1800 hrs
  13. Simply because I realised that there's little or no way to win the house. Being an expert in maths and scoring a S paper distinction in Maths and Probability at A levels 20 years ago, I tried to devise a method to try to win the house. I used a variable limited progresson method:1. to cap my max loss and 2. to aim to win small amounts consistently. I played the smallest amount possible. After 4 attempts, I was able to win some in between but eventually lost $500. I decided to call surrender and never go back again. I also applied for self exclusion for myself, just in case. In my time spent, I saw old men and ladies waging $1k chips and losing them in a matter of minutes. I wonder whether they have worked the odds. Fellow friends who think they can win the house, think again.....
  14. New from InSing.com http://news.insing.com/tabloid/woman-wins-...out/id-7de93e00 Marina Bay Sands (MBS) casino is refusing to pay a woman her jackpot winnings of more than $410,000. Mdm Zhu Yun Ping (50, hawker) had visited the casino with some foreign friends and her store helpers at about 5am on this Tuesday, 18 October. She described what happened to reporters, "I was playing on this jackpot machine until 6am and my stored value card had already accumulated about $800 in winnings. Suddenly, I struck the Bonus Cash jackpot of $416,742.11." At the time, Mdm Zhu was confused with what happened until a bystander explained to her that she had struck a jackpot prize. Many other casino patrons also came up to her to congratulate her on the win. She continued, "Soon after, the manager of the casino came up to me and told me that the jackpot machine had malfunctioned. The manager explained to me that the machine's top prize is a car, and that its highest cash payout is only $50,000, so I could not have struck that Bonus Cash prize. The manager also explained that I could get $258,962 if I decide to sell the car back to the dealer." Mdm Zhu refused to settle with the manager's explanation and insisted that she was entitled to her win, which the jackpot machine clearly displayed. At that time, a casino patron had also stepped forward to help her by taking a photo of the displayed cash prize as evidence. The man was however, stopped by casino staff who warned him that photo-taking is not allowed in the casino. The staff then asked the man to hand over his phone and indicated that they will be deleting the photo. The man was then escorted out of the casino. Mdm Zhu has lodged a complaint with the Casino Regulatory Authority of Singapore, which is currently investigating the case. The police have also explained to her the forms of legal action she can take. Source: Shin Min Daily News, 20 October 2011. Click here for the Chinese report. If you are the winner in this case, will you accept the cash price of $$258,962 by selling back the car to the casino or you die die want to claim the Cash jackpot of $416,742.11?
  15. What's wrong with MBS? Why don't they just pay the lady, instead of attracting all this negative publicity? Woman fights casino over $416,000 jackpot win MBS claims glitch in machine, offers her $50,000 and car instead By Tham Yuen-C & Ng Kai Ling IT WAS the first time Ms Choo Hong Eng was playing the slot machines at the Marina Bay Sands (MBS) casino on Tuesday, and another casino patron had to show her the ropes. But less than half an hour and $50 later, the machine seemed to get stuck. When she turned to her kind fellow gamer for help again, he stared with disbelief at the numbers flickering on her screen: '$416,742.11' and above it 'Cash Bonus'. A crowd of gamers and casino staff gathered and started congratulating her. But moments later, a casino manager showed up to tell her that the machine had a glitch, and that she had instead won $50,000 and a sports car worth $258,962, which she could sell back to the casino for cash. Ms Choo, 58, who runs a vegetarian food stall in a coffee shop in Geylang Avenue 1, told The Straits Times last night in Mandarin: 'The other patrons told me not to be taken in. They said there was no indication anywhere that I had won only $50,000 and a car.' So the determined woman is standing her ground for the $416,742.11 in winnings she says is rightfully hers. The Casino Regulatory Authority (CRA) is now in the picture, investigating the matter. Ms Choo had filed a complaint with it after her discussions with MBS were deadlocked. On her side, Ms Choo has casino patrons who were there with her at 6am, offering to be her witnesses. One of them, Mr Moo Ngow Chai, a 63-year-old Malaysian, said in Mandarin in a telephone interview yesterday: 'I saw what happened and thought it was very unfair of the casino to deny her the winnings. 'The jackpot machine clearly displayed the words 'Cash Bonus'. There were no pictures of a car at all.' Ms Choo said a few elderly women around at the time rallied around her, 'guarding' the machine to ensure that the casino staff did not turn it off, since they were not allowed to take photographs as evidence. Mr David Green, who helped draft Singapore's casino regulations and is a Macau-based gaming consultant, said such disputes are rare in the industry, as gaming machines are put through stringent checks before going into use. In Singapore, machines from only CRA-approved manufacturers are used. A CRA spokesman confirmed that before the machines are deployed, they are tested by qualified independent test laboratories to ensure that they meet all CRA requirements. Mr Green, noting that slot machines can save the data of the last 10 plays, said: 'Inspectors should be able to track easily what went wrong and determine whether it is a problem with the machine or that a player is trying to cheat,' he said. Investigations should not take more than a month, he said. He explained that machines usually carry warning labels declaring that plays are void if the machine malfunctions, so legally, casinos are not bound to make a payout. 'But this is usually not the case. Casinos will often offer some form of payout. It is not in their interest to get into disputes with their customers,' he said. Yesterday, Ms Choo told The Straits Times that MBS has not given her an indication of how long it will take to resolve the matter. 'They said only that they need to investigate,' she said. To make sure her dispute was logged, she had wanted to make a police report upon leaving the casino, but was told to go to the CRA instead. She made a police report yesterday anyway. She said: 'It's a matter of principle. I wouldn't take a single cent more from them, but I wouldn't accept a single cent less either.' MBS, when contacted, declined comment, citing ongoing investigations. Once the CRA makes its decision, however, the party who has to pay must do so in 15 days. Meanwhile, all Ms Choo can do is wait. Last night, at her vegetarian food stall, friends and patrons who had heard about what happened patted her on the back and told her to fight on. The boss of a bakery next to the coffee shop even baked her a cake with a '7 7 7' on it, depicting a jackpot win. Ms Choo said she is not bothered about those who think she is being greedy, because she was planning to do some charitable work with the money. Saying a casino should be fair to its patrons, she said: 'Even though I'm illiterate in English, I can tell the difference between 'cash' and 'car'. One has four letters and the other has three.'
  16. Why only casino losers get publicized? How about the winners who won average $10k a night? Why not give them fame??? Headlines like God of Gambler who started with $200 and brought home $10000 Stupid local news... only like to shame people.
  17. SimonTan

    16 non-stop days in MBS Casino!!

    Might be doing research or testing his theory for his next thesis on "Gambling network resources and performance". The uni should award him for his 116% dedication by immersing fully in his research work! SINGAPORE - A governance expert who went missing has had to pay a price for his own lack of self control. South Korean national Lee Pan Seop was last seen at the casino in Marina Bay Sands (MBS) at 3am on Feb 22. He did not show up for work that morning and did not answer his mobile phone. His worried friends then lodged a missing person's report. The New Paper reported on Tuesday that Dr Lee never left the premises of MBS during the 16 days that he was missing. The 35-year-old with a PhD in international business from Korea University - who worked for the Centre for Governance, Institutions and Organizations (CGIO) at the National University of Singapore - has finally learnt the cost of his gambling spree. Dr Lee is 'no longer under the employ of the university', a spokesman said yesterday, declining to comment further on the situation. According to CGIO's website, Dr Lee's PhD thesis was on business network resources and performance. His thesis showed that a company's knowledge base and capability could be upgraded as a result of network participation. His research interests include inter-company network and performance, entrepreneurship and strategy. Dr Lee, a former research fellow at CGIO, went to the MBS casino on Feb 22 with a friend. His friend filed a missing person's report on Feb 28 after he failed to turn up for work for several days. An MBS spokesman declined to confirm that Dr Lee was gambling at its casino during that period, saying: 'It has always been our policy not to comment on our guests, without their approval.' This article was first published in The Business Times.
  18. http://www.straitstimes.com/BreakingNews/S...ory_643092.html
  19. An army captain was sentenced to 2 years
  20. Latka

    Time to raise IR casino levy?

    Members of Parliament (MPs) and industry watchers are concerned that the levies imposed on local visitors to the integrated resort (IR) casinos are not achieving its desired effect. A whopping S$130 million in levies were collected from both IR casinos between April and November last year alone, The Straits Times reported. It seems the idea of losing S$100 even before hitting the tables has not deterred a few thousand Singaporean and PR visitors from entering the casino daily, based on the above figure. Mrs Lim Hwee Hwa, Minister in the Prime Minister
  21. Link RETIRE at 55 and enjoy what life has to offer. William (not his real name) had it all worked out. But his son's gambling debts has scuttled everything he had worked for. The 60-year-old once dreamt he would be kicking back by age 55. But now, by his own calculations, even retiring at 67 might be a stretch. His son owes $40,000 in credit card debts and $2,000 in loans from licensed moneylenders. These arose from gambling losses, part of which were incurred at a local casino. William, an administrator in the education industry, is among those suffering from the effects of problem gambling. He is still lending his son, an executive in the IT industry in his 30s, money to pay the minimum sum on his credit cards. William and his wife, a 60-year-old housewife, live with their bachelor son in a condominium unit. William, who requested anonymity, told The New Paper on Sunday over the phone: "In this situation, because my son still comes to me for financial help... I might be able to retire only at 65 or 67. "I need to continue working to build up my retirement fund. It has been depleted because I lent (my son) moneyto pay off his debts over many years." William said that his son David (not his real name) lost $10,000 at the Resorts World Sentosa (RWS) casino after just six weeks of its opening here last year. David spent most his weekends at RWS, lured by the spinning wheels and rolling dice. He would take the light rail system there. And if he was impatient to hit the tables, he would take a taxi. William, who does not gamble, said: "It was very convenient. My son just needed to cross the bridge to Sentosa." The daily levy of $100 was no deterrent. Instead, it encouraged David to stay overnight in the casino to make full use of the levy's 24-hour validity. His losses led to arguments at home when he asked his parents for help. William said: "As parents, we will help in any way we can, but my son and I often ended up arguing for hours. "Casinos create a vibrant, beautiful and colourful environment that entices gamblers. Although the target is tourists, some locals have become collateral damage." After his six weeks of losses, David decided that it was best to self-exclude himself from the casinos.
  22. Malaysian teachers and principals ought to be shot. I'm wondering whether they are allowed to gamble in casinos due to "you know what" http://sg.yfittopostblog.com/2011/02/01/m%...t-spore-casino/ The students were left in the hotel while some teachers and the principal tried their luck at the casino. (AFP Photo) It was supposed to be a graduation trip to Singapore for a group of Malaysian primary school students, but now, their teachers and principal are accused of abandoning them to visit the casino. According to a Kuala Lumpur-based newspaper report, a student
  23. Will you pick up tokens, chips that someone had dropped on the floor, or left in the gaming machines of casino? Our natural response will be a big YES. Thats free money. But please pause a moment. This free money comes with a hefty price tag of theft. Casinos are well covered by CCTV cameras, and trained CCTV obervers. these are not ordinery car CCTV, they are HD quality mega pixel CCTV cameras. It is true, some people had been charged in court for picking up tokens, game credits that does not belong to them. So MCFers please remember, if its not yours, hand it to casino staff.
  24. Well, i am 1 and been playing slots for leisure many years. Just pay the 2k levy for RWS and started the ball rolling :). I tend to play the 2cts machine and at times the 5cts, depend on form and bankroll available. Anyone here also into slots and playing regularly in RWS/MBS? What are your thoughts or insights on slots machines found in these 2 places?