Sunday, October 30, 2011

Mister, can you spare a dime?

Poor sad rich man!

Sheldon Adelson, chairman of Las Vegas Sands and one of the richest man in the world, is disappointed, apologetic and suffering from the loss of dignity.

And why is that so?
Well apparently, he made a substantial error in his profits forecast for his Marina Bay Sands Casino in Singapore.

His casino made MORE money than he imagine it would!
In the last 3 months, his casino made only US$413.9 million in PROFIT!
He didn't get his math right, he expected his casino to make less!
My heart bleeds for him.

Click on pix for detailed view of the ST report.
"But trust me, I will suffer through the indignity of being wrong by such a substantial amount."
Such arrogance! He is laughing all the way to his private banker at the expense of all the losers.

In Singapore, the number of those getting caught up in this vice trap can be seen through the increasing court cases of frauds and bankruptcies, the increasing numbers turning to gambling counsellors and the increase in self-exclusion orders.

This not withstanding the case of Madam Choo who supposedly won S$416,742 at the slots in his casino but was denied her winnings due to 'machine malfunction' ?

Her winnings of $416,742 is just 0.08% of the profits he made in the last 3 months.
That's less than a dime to the dollar!

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