Skip to main content
Sand In My Face
Casino IR Goes To Las Vegas Sands

Well, it was supposed to be between MGM and Harrah, since both have local partners in Capital Land and Keppel respectively. It cannot be that Sands have a highly superior proposal, can it?!! I mean, MGM and Harrah also busted their guts, and all things being equal, surely the ones with local partners should get it. Assuming the submissions are almost equal in attractiveness, the fact that Sands got it may mean:

a) the committee wants no local players to be involved
b) that automatically means Genting will be the frontrunner for Sentosa

I still think giving it to Sands is a mistake because Sands investments in Macau is a few times bigger than the Marina Bay IR - however you want to cut it, priority and preferential treatment will go to Macau, be it entertainment, high rollers, incentives, etc.... Sands have more to lose if Macau fails than the Singapore project. Giving it to just a foreign company with no local participation will start to grate on Singaporean nerves should Sands start reporting net profits of S$500 million or more a year. A gaming outfit always have the odds in favour of the house, Singaporeans will start getting pissed off if Sands and Genting IRs start to rake in hundreds of million of Sing dollars a year, mostly at the expense of Singaporeans with little going back to charity. This is so unlike Singapore horse racing or Singapore Pools where bettors know their losses are going to good projects locally. Bad vibes.

The Nusajaya Disney project if announced may actually thwart Genting's chances - surely they do not want to see two big Malaysian companies have a huge slice of the action in southern Johor and Singapore. Hmmm... for those who fear that the attrition on Sentosa IR will be greater if Disney does go to Nusajaya - on further deliberation, having Disney in Nusajaya will actually result in a multiplier effect for both Malaysia and Singapore tourism, feeding off each other.

Comments

Popular posts from this blog

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.


My Master, Dr. Law Chin Han (from my iPhone)

Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.


I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.


My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least…

PUC - An Assessment

PUC has tried to reinvent itself following the untimely passing of its founder last year. His younger brother, who was highly successful in his own right, was running Pictureworks in a number of countries in Asia.

The Shares Price Rise & Possible Catalysts

Share price has broken its all time high comfortably. The rise has been steady and not at all volatile, accompanied by steady volume, which would indicate longer term investors and some funds already accumulating nd not selling back to the market.


Potential Catalyst #1

The just launched Presto app. Tried it and went to the briefing. Its a game changer for PUC for sure. They have already indicated that the e-wallet will be launched only in 1Q2018. Now what is Presto, why Presto. Its very much like Lazada or eBay or Alibaba. Lazada is a platform for retailers to sell, full stop. eBay is more for the personal one man operations. Alibaba is more for wholesalers and distributors.

Presto links retailers/f&b/services originators with en…

How Long Will The Bull Lasts For Malaysia

Are we in a bull run? Of course we are. Not to labour the point but I highlighted the start of the bull run back in January this year... and got a lot of naysayers but never mind:






























p/s: needless to say, this is Jing Tian ... beautiful face and a certain kind of freshness in her looks and acting career thus far



http://malaysiafinance.blogspot.my/2016/12/bank-negara-may-have-switched-on-bull.html


I would like to extend my prediction that the bull run for Bursa stocks should continue to run well till the end of the year. What we are seeing for the past 3 weeks was a general lull where volume suddenly shrunk but the general trend is still intact. My reasons for saying so:

a) the overall equity markets globally will be supported by a benign recovery complemented by a timid approach to raising rates by most central banks

b) thanks to a drastic bear run for most commodities, and to a lesser extent some oil & gas players, the undertone for "cost of materials" have been weak and has pr…