Singapore & Gambling

Henry Quek, In a single day, the managing director of a seafood-processing and trading company had lost S$18million, playing at S$400,000 a hand.

Taiwan pop star Jay Chou lost S$2 million.


Welcome to The Marina Bay Sands, Singapore.

Singapore government has imposed an entry fee of S$100 for their own citizens.

But despite the disincentives, Singapo­reans are believed to make up one third of the total casino gamblers.

S$400,000 a hand? Now that is ridiculous. Nowadays gambling is not all about winning the money. (I mean, not 100%). It is about showing off your own status at times, especially the high rollers (Someone who bet big time until his/her ah-ma also won't recognize).



They flew you over in a private jet, checked you in to VIP suites, treated you with seafoods and most expensive wine you can ever imagine, chaffeured you in a Bentley's and so on.

In this kind of situation, you feel treated as if you're the KING.

There has been a lots of divided opinion whether casinos shall be allowed. For me it is very subjective. Somehow i think Singapore government has done a great job by imposing the entry fees. But how you want to prevent those millionaires from forking out S$100 when they can wipe their arse with a S$100 notes?

Gambling will only be considered healthy as long as you are winning.

But most of the time it turns out really ugly. Broken home, loan sharks threatening families, divorce, commit suicide and etc. Yes, it is happening more often than before.

So, to all gamblers out there, if you cant afford to lose it, keep it.

If you want to know the best place to keep your money, contact me. I will help you to manage your money wiser.

Do i sound like Gandhi these days?

This is just a community message courtesy from hungyew09@blogspot.com.