atans1

What S’pore, Vietnam, Cambodia have in common?

In Casinos, Private Equity, Vietnam on 25/10/2014 at 5:10 am

No, not authoritarian govts always “fixing the Oppo.

After all, M Ravi, the go-to, kick-ass, take-no-prisoners constitutional lawyer for a drug mule who think the world owes him a living, hooligans who think human rights is the right to disrupt YYMCA activities and tell lies, and a gay that homely gays don’t want to be associated with,  said recently that S’pore is a “democratic society”. No I’m not joking, M Ravi said recently, “We are instructed to place on notice our client’s profound sense of regret that in a democratic society like Singapore, her Constitutional rights and freedoms have been curtailed so drastically on a premise that in her submission is flawed, and all her rights are reserved.”

Coming back to the title, seriously what S’pore, Vietnam and Cambodia have in common is that citizens are by and large banned from gambling in casinos in their own country.

And why isn’t Cambodia studying the laws on allowing locals into Cambodian casinos. After all the Oppo-fixing PM admires our very own LKY.

Ros Phirun, the government’s spokesman on gambling and casinos, says no new decision have been made that would allow Cambodian citizens to wager in Cambodian casinos. He does offer however that the ruling Cambodian People’s Party has been studying legislation in America, the Philippines, Vietnam and China, as it prepares to draft new laws to improve casino governance. With better laws, there might be less harm done in letting Cambodians gamble away their savings. “In general, our management of the gambling industry has not been thorough because we have not had the right laws in place …

S’pore’s rules don’t work in a poor country.

One suggestion is to follow the Singapore model. Casinos there charge residents who wish to enter a casino a cover fee of about $80 per day. Alternatively they may buy annual passes for  about $1,600 each … But the same pay-to-play fee structure would be ludicrous in Cambodia, a country where the minimum wage is stuck at about $100 a month and mean disposable income is not greater than $120 per month.

http://www.economist.com/blogs/banyan/2014/10/casinos-cambodia

Interestingly, the blog says of S’pore’s law: Dubious thinking has it that only those Singaporeans who can afford to gamble in the first place will be willing to pay the entrance fee.

FYI, btw,

Vietnam Spearheads Frontier Market Investing With a young population and a growing middle class, Vietnam is a popular market for private equity investors, The Wall Street Journal writes.

  1. Our Creator is the One & Only Almighty God Allah Jehovah
    1.Cambodia (Kampuchea) is Eastern “Gilead” of the Israeli family
    http://blog.roodo.com/esir/archives/18329797.html

    2.Singapore is “Dan” of Israeli family
    http://blog.roodo.com/esir/archives/18720549.html

    3.Vietnam is Reuben Edom
    http://blog.roodo.com/esir/archives/29024882.html
    Genesis 36:21 Dishon, Ezer and Dishan. These sons of Seir in Edom (以 東) were Horite chiefs.
    Genesis 37:21 When Reuben (流便) heard this, he tried to rescue him from their hands. “Let’s not take his life,” he said.
    God bless.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: