Bad times may actually help
Do you think the opening of the first Integrated Resort will be affected by the current economic environment, and if so, how?
Business Times 30 Sep 08;
Annie Sun
CEO
Dynaforce International Pte Ltd
'THERE'S too much at stake for the first IR not to open as planned. They may have to intensify their marketing efforts and rework their entrance and attraction fees to attract customers. On the bright side, for their sake, I hope it will be easier for them to recruit employees and manage their costs.'
Jackie Cheng Ee Lieng
CEO
HISAKA Holdings Ltd
'I DON'T think the IR opening will be affected by the bleaker environment. On the contrary, I think the IR will be an 'escapade' for many who are drowning in the negativity of the environment. I believe the IR will still attract a lot of people who desire some entertainment to overcome their stress and depression. I look forward to the IR and trust that it will emit a sparkle to attract others to Singapore.'
Kenny Yap
Managing Director
Qian Hu Corporation
'WE can answer that by looking at the number of people buying Toto or 4D in a bleak economic environment. If they tend to bet the same - or even more - during bad times, then the IR should be all right. Also, the IR is not all about the casino; it has a theme park element too, and if Singaporeans travel less to other countries due to the poor economic situation, they might stay back more in Singapore - and the IR should indirectly benefit from that. I live for tomorrow and always want to be a bit more optimistic when times are bleak. That gives hope - and the drive to move on!'
