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Thread: SKC - Sky City

  1. #1101
    Speedy Az winner69's Avatar
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    common practice across the sector? How to reduce the gambling tax.

    https://www.northweststar.com.au/sto...n-pokie-taxes/
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #1102
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    Quote Originally Posted by bull.... View Post
    Two South Australian MPs have called for a royal commission into the operations of the Adelaide casino

    https://www.abc.net.au/news/2021-06-...sino/100195002
    I find it funny and don’t know whether to
    Take that seriously.

    SkyCity takes its anti-money laundering responsibilities and obligations very seriously. SkyCity has processes and practices in place in its business to detect and prevent money laundering and continually reviews these to ensure it meets all anti-money laundering requirements.

    How many people truly believe that is what happens

  3. #1103
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    Quote Originally Posted by Ggcc View Post
    I find it funny and don’t know whether to
    Take that seriously.

    SkyCity takes its anti-money laundering responsibilities and obligations very seriously. SkyCity has processes and practices in place in its business to detect and prevent money laundering and continually reviews these to ensure it meets all anti-money laundering requirements.

    How many people truly believe that is what happens
    but apparently spooked a month or so when they announced they were “permanently ceasing dealing with all junket operators, effective immediately”
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #1104
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by Beagle View Post
    I have personally witnessed heavy hitters laying down one strap after another after another after another on the main gaming floor at Sky City Auckland and nobody in authority batted an eyelid. A strap is 100, 100 dollar notes. One strap is $10,000. A brick is 40 straps. i.e. a brick is $400,000. I suspect a lot of bricks get "washed" upstairs in the high rollers room which is closed to the general public. My father always used to call these places dens of iniquity. I find it difficult to believe that many straps and bricks of money come from legitimate sources of revenue...

    A real "SIN" stock. One to definitely avoid if you value your soul, in my opinion. Where there's smoke there's usually fire and in SKC's case that's been more than just a metaphor, Karma ?
    i spent a little time working on the tables at sky city so i could study gambling techniques to incorporate into my trading strategies and i can say from dealing in the vip room that the money crossed in there is unbelievable 40k on a blackjack hand not uncommon.
    when i was there also once was offered by a punter a large amount of money in the carpark after work if i cut the deck more favourable for him. of course the machines now make that not an option now.
    one step ahead of the herd

  5. #1105
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    Quote Originally Posted by winner69 View Post
    but apparently spooked a month or so when they announced they were “permanently ceasing dealing with all junket ope rators, effective immediately”
    An acquaintance/not a friend who is a high roller at Auckland. He has apparently chosen to ban himself for 6 months…….. He always boasted to friends about how much cash he was taking from jobs he did and taking that cash to Auckland to gamble. He is in something like the black club which means he spends a huge amount per year. The ban does sound like a skycity ban rather than by his choice, but will it be permanent?

  6. #1106
    Guru Rawz's Avatar
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    Humans have been gambling ever since someone decided to stick their hand in a beehive.
    Ancient Greek's or Roman's would gamble their wages.

    Gambling will never go away. It is in our DNA. Without someone taking a risk who would go to outer space or to the depths of the ocean.

    Unfortunately there is the bad side where people gamble their life down the drain.

    Wouldnt want to be a SKC holder right now.

  7. #1107
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    In industries like this one and sports betting, horse racing ect there is always going to be problems.

    Do you try to ban all forms of betting?

    I imagine the money will return to the horse tracks at a gallop.

    well over 1 billion profit in drug trade within just one group in AUS at present and that money will turn up in SKY and other punting operations.

    drug dealers look like they are now in the DOCK... oh dear

    market update soon on trading...

    we never did sell those positions in time....
    Last edited by Waltzing; 09-06-2021 at 09:03 PM.

  8. #1108
    Member mikelee's Avatar
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    watched a video about online gambling in Philippine, it's down right scary how crime ridden the industry is over there, but it's so profitable to the underworld that even China's call to shut it down was "politely" refused by the gov't there

  9. #1109
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    SKC not the only one at risk of losing their license. Crown under investigation in Melbourne for some very dodgy practices. WOW - fascinating insight into the world of high roller betting.
    https://thewest.com.au/business/crow...ay+9+June+2021
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  10. #1110
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    I wonder how much of a dent income will take given all that dodgy high roller money will disappear

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