Jan 4, 2007

Landmark : The cheaper casino player?

Land recently announce dispose off Sg wang Plaza to generate fund for Bintan project. Bintan island locate at southern park of Singapore and JB. The island is near Batam island too.

The island near this area is popular with underground casino and woman last time. Is popular place for man since many year ago. Casino, woman and cheap wine/beer. The local government Indonesia, close down all Casino at 2004 (almost 10 casino at that time). heavy impact of economy of Batam or Bintan island.

Recently, Singapore government agreed to set up a New duty free tax industrial Zone, The landmark project is taken the rider of Sentosa island project. Possible that landmark also getting approval of Indonesia government for the casino too.

Indonesia still a islamic country, any time the casino will be closing down with no reason. This is major risk factor for landmark project. Anyway, for RM2 per share. Cheaper entry for casino player at the movement.

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