Wednesday, March 24, 2010

The TRUTH about the casinos!

Interesting report about the casino below : Better business for pawn shops as customers raise quick cash for gambling.

When the PAP govt proposed to build those casinos, it was sold to the public as a way of 'creating jobs'. In the past few months netizens through various blogs, newspaper reports, foreign job advertisements etc found out a large proportion of the jobs went to foreigners. Later the govt through the MSM released some more favorable but confusing figures on the job numbers saying that more 'locals' (PR+citizens) have been hired at the casino. But this whole jobs argument has been a red herring. Why do I say that? Singapore now imports more than 30% of its workforce to fill jobs....the Singapore economy creates so many jobs it needs to import workers. Job creation and low employment were never the real issue. The real issue is salary. It is not job creation but the type of jobs and whether our income levels rise fast enough to pay for the rising cost of living - housing, medical care, food, utilities and transport. There is not much point to create another 1000 cleaner jobs for Singaporeans at the casinos ...card dealer jobs that pay $1200 a month?

The other day I was at Parkway Parade and a property agent walked up to me to sell units at a newly launched condo near Marine Parade. The cheapest unit $900K ...$1.8M for the penthouse. The agent said, no problem renting out because the executives at the IR are all highly paid foreigners and will be looking for rental apartments in the east. It is not whether the casino creates jobs but whether Singaporeans can earn higher salaries because of the casinos....so far I've only heard of people losing their salaries there!

The benefits of the casinos for Singaporeans are not so clear but the social problems caused by casinos are very real. Prostitution, loan sharking and gambling addiction are now on the rise due to those casinos.
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Better business for pawn shops as customers raise quick cash for gambling
23 March 2010 / CNA SINGAPORE: The opening of the casino in Singapore has led to better business for some pawn shops. Pawn shops said they are seeing more customers, especially older folks, who said they are pawning their valuables to raise cash for gambling. While the number of such customers is small, pawn shop owners said it will rise in the coming months. However, some industry players have expressed concern. They feel pawn-broking is meant to help people tide over urgent times, rather than a means to raise quick cash. - CNA/yb

14 comments:

Azz said...

"The agent said, no problem renting out because the executives at the IR are all highly paid foreigners and will be looking for rental apartments in the east"

LOL

That IR story has been told by agents so many times... I've been hearing it since the Casino was announced. Of course there will be a certain number foreigners who will need to rent but it is not as if there will be millions of them. How many of the IR jobs are highly paid in the first place?

Anonymous said...

It sure sounds like the locals(gamblers) are losing much, other than sleep, working time should be down and families will have to face much domestic and money problems. This means much adverse social developments will ensue and the sequela of having casinoes is likely to be disastrous.

What greater sin can there be than a government giving its' citizens social and domestic problems ?

Vote wisely, Singaporeans cannot afford to leave their wellbeings and happiness in the hands of their gambling family members and their National Leaders.

Anonymous said...

It sure sounds like the locals(gamblers) are losing much, other than sleep, working time should be down and families will have to face much domestic and money problems. This means much adverse social developments will ensue and the sequela of having casinoes is likely to be disastrous.

What greater sin can there be than a government giving its' citizens social and domestic problems ?

Vote wisely, Singaporeans cannot afford to leave their wellbeings and happiness in the hands of their gambling family members and their National Leaders.

DanielXX said...

Agents are property whores. Would you trust a whore?

LuckySingaporean said...

DanielXX,

Trust them? Of course not! So how many top executive jobs did the casino create for Singaporeans?...

DanielXX said...

I'm sure there're some figures on multiplier effects of a casino to an economy. I know construction is seen as a high multiplier industry, so the IRs at the construction stage did contribute substantially to our GDP. As for after, I'm not sure.

Whatever happens, I'm going to get an annual pass to one of the two casinos and do my part contributing to the jobs in the food industry by having my free dinner there every night.

Anonymous said...

Why the quote, not sure why an intelligent person should be listening to the hypes/quacks of a real estate agent or car salesman, do you mean you believe their .. forecasts or such?

Anonymous said...

Like it or not CASINOS are here to stay. Accept the inevitables and adapt to changes. The world is a very different place now...

Well JUST BE CONTENT WITH WHAT YOU HAVE OR WORK HARDERRRRR FOR MORE.

Anyone has better constructive solutions? and the authorities are reading here.

I AM TRED NOW AND READY TO SLEEP... got to work tomorrow. HEY AT LEAST I HAVE WORK AND PUT FOOD ON THE TABLE.

WHAT HAPPENS NOW IS A SHOCK TO MANY PEOPLE IN SINGAPORE. SAW SOME POOR OLD PEOPLE SLEEPING ON VOID DECKS WHILE WAY HOME.

Anonymous said...

Have you ever been to Macau? It's frankly quite amazing and disconcerting to see rows of pawn shops clustered together. You have jewellery, watches, PSPs and cameras all displayed in the front and it will be interesting to see if this repeats itself here.

Xtrocious said...

Does that mean that there will also be more OA auctions in the futures?

Anyway, can't believe what Simon Cheong just said about the property market about how bubbles are good...

Of course it's good for him (cos he owns SC Global) but for the rest of us...zzzz

Alan Wong said...

So the truth with IR casinos is that our PAP govt can bend the anti-smoking laws to accomodate gamblers who happen to be smokers. It's perfect fine if gamblers want to smoke in air-conditioned enclosed gambling areas. Their rights are more important. They overule those of the workers, never mind even if the IR workers get lung cancer from 2nd hand smoke.

It makes a mockery of our laws for fining those who are caught smoking in designated non-smoking areas. So our anti-smoking laws are not meant to PROTECT us. They are meant to generate revenue for the PAP govt.

What a joke - Money makes the world goes round ! It's definitely true for our PAP leaders.

DanielXX said...

don't be silly lah. casinos must have smokers, just like they must have sex available. wine will be made availalbe on demand too. the sins all go together, that's the reality of life.

i have no argument with dat. After all the moralising, I realise I have no choice, so might as well enjoy it as I can. What's the going rate for a white chicken?

Anonymous said...

No one point a gun at you to gamble at casino. This is a personal choice. You can choose to walk away.

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