atans1

Posts Tagged ‘Sentosa’

High rollers take bus to Sentosa casino?

In Casinos, Economy on 23/06/2010 at 5:49 am

Genting S’pore’s share price has been strong presumably because of expected high takings at its Sentosa casino.

Well if takings are high, it ain’t from high-rollers.

Sunday Times carried an article saying that at Resorts World Sentosa there is a bus terminus for buses from various points in West Malaysia and back, and that the buses are used by Malaysian punters visting the Sentosa casino

Err these high rollers that Sentosa IR and S’pore government want? Looks more like the M’sian equivalent of the grind market gamblers that once travelled from the HDB heartlands to Genting Highlands. Oh and BTW, Genting use budget airline AirAsia to bring in “high rollers”, unlike Marina Sands that has its own jet based in Senai because Changi is too expensive.

Can you imagine high rollers taking the bus from Senai to the city? It’s a two hr ride at least.

PM make yrself, yr government and party popular with the “little” people: Lift the charges that make it expensive for the locals to gamble at the casinos. As to the problem gamblers that seem to the issue, treat them the way the government treats the homeless, destitute and unemployed: “It’s yr fault, you are that way. Be responsible.”

And admit to yrself that the IRs are being kept afloat by the” little” people of S’pore and Malaya, not the high rollers and money-launders.

You can declare it a success that the fact that high rollers and money launders are giving S’pore a miss:  the rules here on junket tours, money laundering and non-privacy are the toughest in the world.

Update 25 June

Why Marina Sands must be targeting locals and not high rollers and tourists — or why the numbers don’t add up http://atans1.wordpress.com/2010/06/24/why-mms-and-sands-views-on-casino-differ/

Casinos: High rollers? You must be kidding?

In Uncategorized on 24/04/2010 at 6:19 pm

The casino at Marina Sands opened yesterday. Both casinos are now operational.

When the casino projects were launched several years ago, the government, Sands and Gentings were spinning that the casinos were for high rollers. They were not interested in the mass market. The government has since gone silent but the casinos are still spinning that.

But then how come Resorts World announced that it was partnering Air Asia to bring in the punters. I’m wondering what kind of high rollers fly budget airlines?

And last week Tuesday, BT reported that Marina Sands is partnering 12  M’sian coach operators “in an effort to attract more tourists to its integrated resort which opens later this month.” “Coach prices will range between $55 and $110 (return).”

Err this the high roller traffic Sands boasting about? Sounds like the grind (small punters) market to this punter.

And it would seem the patrons are locals. A recent report by Bank of America Merrill Lynch (BoAML) estimates that about 50-60%  of the casino patrons at Resorts World Sentosa (RWS) are Singaporean. BoAML also believes that the casino attracts between 20,000-25,000 visitors on weekdays (with more on weekends).

Vincent Khoo, an analyst at UOB KayHian (Malaysia), says there has been noticeably lower visitor arrivals to Genting Highlands from Singapore since RWS opened.

Apart from Macau, casinos are set to pop up all over Asia: in Taiwan, Vietnam, and the Philippines. “One market that will have to play close attention to growth of new markets in Asia is Australia, which currently sees a large number of tourists from the likes of Taiwan, Korea, China, and India visit its casinos,” says Warwick Bartlett, GBGC chief executive reported BT. “The real test is whether these new properties will satisfy demand that is currently not being met, or if they are simply shifting the same gamblers and their money around different venues.”

Applied to S’pore, can it attract the OZ-bound punters? And get the Indians, Taiwanese, Koreans and Chinese to come here?

And if you want a holiday around Melbourne, I know a gd package deal. So long as you are willing to spend S$10,000 in a casino, you can get airline tickets for two, a five-star hotel room, and a limo to and from the airport. A top race horse trainer I know thinks it value for money. He says he and his wife spend that much when they visit their children in Melbourne. And as he added, “And I could get lucky”.

Update 28 April 2010

At least we known Marina Sands will not use a budget airline to fly punters from the  Middle East. Sands has a wide-body aeroplane. (Update on 6 May: this aircraft is based at Senai in Johor because Changi is a lot more expensiveaccording to someone senior at the former.)

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