Cyprus-Forum.com

[Paphitis]

So a government run casino in Cyprus, how does that work? Five days a week from 07:30 to 14:30, and one afternoon in the winter? Seventeen public holidays? Forty-two days annual leave and the same in sick leave? The bloody places would be closed all the time!

No! Casinos are 24/7 and it should be the case in Cyprus unless business does not warrant it or can't sustain it such as during winter.

No chance of 24/7 if it is Government run.

Why not?

[CBBB]

So a government run casino in Cyprus, how does that work? Five days a week from 07:30 to 14:30, and one afternoon in the winter? Seventeen public holidays? Forty-two days annual leave and the same in sick leave? The bloody places would be closed all the time!

No! Casinos are 24/7 and it should be the case in Cyprus unless business does not warrant it or can't sustain it such as during winter.

No chance of 24/7 if it is Government run.

Why not?

PASYDY would never allow it.

[cyprusgrump]

So a government run casino in Cyprus, how does that work? Five days a week from 07:30 to 14:30, and one afternoon in the winter? Seventeen public holidays? Forty-two days annual leave and the same in sick leave? The bloody places would be closed all the time!

No! Casinos are 24/7 and it should be the case in Cyprus unless business does not warrant it or can't sustain it such as during winter.

Id it doesn't work out because of the Unions (which the RoC will need to tackle Thatcher style) then they can always be privatised down the track. The licence alone will get the RoC its money and then some.

If you have a few minutes, read the post here and then download the iea report from the same page.

It is a stark reminder of what a disastrous cock-up it is likely to be if you let the government build and run casinos.

Leave running casinos to experts in running casinos... Contact some of the successful companies building and running casinos around the world and give them the opportunity to do the same here...

[Paphitis]

So a government run casino in Cyprus, how does that work? Five days a week from 07:30 to 14:30, and one afternoon in the winter? Seventeen public holidays? Forty-two days annual leave and the same in sick leave? The bloody places would be closed all the time!

No! Casinos are 24/7 and it should be the case in Cyprus unless business does not warrant it or can't sustain it such as during winter.

No chance of 24/7 if it is Government run.

Why not?

PASYDY would never allow it.

Unions!

Well the RoC pollies need to man up, read Thatcher, and give PASYDY a good bollocking.

[Paphitis]

So a government run casino in Cyprus, how does that work? Five days a week from 07:30 to 14:30, and one afternoon in the winter? Seventeen public holidays? Forty-two days annual leave and the same in sick leave? The bloody places would be closed all the time!

No! Casinos are 24/7 and it should be the case in Cyprus unless business does not warrant it or can't sustain it such as during winter.

Id it doesn't work out because of the Unions (which the RoC will need to tackle Thatcher style) then they can always be privatised down the track. The licence alone will get the RoC its money and then some.

If you have a few minutes, read the post here and then download the iea report from the same page.

It is a stark reminder of what a disastrous cock-up it is likely to be if you let the government build and run casinos.

Leave running casinos to experts in running casinos... Contact some of the successful companies building and running casinos around the world and give them the opportunity to do the same here...

I am sure there have been some disasters, but publicly owned Casinos in Oz worked reall well and the State Governments made a lot of money from them.

[cyprusgrump]

So a government run casino in Cyprus, how does that work? Five days a week from 07:30 to 14:30, and one afternoon in the winter? Seventeen public holidays? Forty-two days annual leave and the same in sick leave? The bloody places would be closed all the time!

No! Casinos are 24/7 and it should be the case in Cyprus unless business does not warrant it or can't sustain it such as during winter.

Id it doesn't work out because of the Unions (which the RoC will need to tackle Thatcher style) then they can always be privatised down the track. The licence alone will get the RoC its money and then some.

If you have a few minutes, read the post here and then download the iea report from the same page.

It is a stark reminder of what a disastrous cock-up it is likely to be if you let the government build and run casinos.

Leave running casinos to experts in running casinos... Contact some of the successful companies building and running casinos around the world and give them the opportunity to do the same here...

I am sure there have been some disasters, but publicly owned Casinos in Oz worked reall well and the State Governments made a lot of money from them.

I bet they could make more money from the taxes alone... and the taxpayers wouldn't have to support an even larger government...

[Paphitis]

So a government run casino in Cyprus, how does that work? Five days a week from 07:30 to 14:30, and one afternoon in the winter? Seventeen public holidays? Forty-two days annual leave and the same in sick leave? The bloody places would be closed all the time!

No! Casinos are 24/7 and it should be the case in Cyprus unless business does not warrant it or can't sustain it such as during winter.

Id it doesn't work out because of the Unions (which the RoC will need to tackle Thatcher style) then they can always be privatised down the track. The licence alone will get the RoC its money and then some.

If you have a few minutes, read the post here and then download the iea report from the same page.

It is a stark reminder of what a disastrous cock-up it is likely to be if you let the government build and run casinos.

Leave running casinos to experts in running casinos... Contact some of the successful companies building and running casinos around the world and give them the opportunity to do the same here...

I am sure there have been some disasters, but publicly owned Casinos in Oz worked reall well and the State Governments made a lot of money from them.

I bet they could make more money from the taxes alone... and the taxpayers wouldn't have to support an even larger government...

Maybe! I'm not an expert. Really I have no idea.

The way I see it is like this. The RoC can't make a go of a cut throat and competitive industry such as Airlines. These types of businesses don't do well at all as a Public Company. You need a very dynamic team running an efficient and lean operation.

Casinos are different. No one can stuff them up and they are a licence to print money.

Private Casinos can be dangerous as well you know. With the ammount of Russian Money floating about the place, I would hate for these Casinos to fall into the hands of Russian Mafia and see Cypriots get beat up in dark alleys and so forth. In Las Vegas, there has been some very sleazy going ons with Casinos and Mafia which has cost the lives of who knows how many.

Casinos can be very dangerous to the people, so it must be tightly controlled by the Government and Cyprus could do with the money.

[cyprusgrump]

Maybe! I'm not an expert. Really I have no idea.

The way I see it is like this. The RoC can't make a go of a cut throat and competitive industry such as Airlines. These types of businesses don't do well at all as a Public Company. You need a very dynamic team running an efficient and lean operation.

Casinos are different. No one can stuff them up and they are a licence to print money.

Private Casinos can be dangerous as well you know. With the ammount of Russian Money floating about the place, I would hate for these Casinos to fall into the hands of Russian Mafia and see Cypriots get beat up in dark alleys and so forth. In Las Vegas, there has been some very sleazy going ons with Casinos and Mafia which has cost the lives of who knows how many.

Casinos can be very dangerous to the people, so it must be tightly controlled by the Government and Cyprus could do with the money.

Well, the government has proven that they are fiscally incompetent...

They have also proven that they are not beyond sleaze and dodgy dealings with Russian money...

It is clear they have no expertise in running casinos... they'd have to buy that in using expensive consultants...

it would be much better just to let the experts deal with it...

And casinos are NOT dangerous to the people at all... People don't need the nanny state to look after them... If you control casinos tightly (to protect the vulnerable) you will merely spoil them for the VAST majority who enjoy gambling and can do so in safely...

Problem gamblers, people that can not control their habit will be just as likely to gamble on the colour of the next car to pull up at traffic lights as the next number on a roulette table...

I will point out that there are people who are vulnerable to gambling, alcohol and drugs... The most tightly controlled of these (drugs) allows no advertising, no glitzy packets, no high street outlets, no internet sales - in fact drugs are completely banned... yet 'vulnerable' people still become addicted to drugs...

A casino which is designed to protect the 'vulnerable' will be a very unpopular place indeed....

[Tim Drayton]

If you study the history and workings of the body known as the 'Tote' in the UK, (the 'Horserace Totalisator Board' in full), you will see that a state-owned gambling company can be successful. It was set up in 1928 by Winston Churchill to operate tote betting at racecourses, and in 1972 it also moved into running a chain of betting shops. It did both very successfully, and I worked in their betting shops for a while and saw that it was every bit as successful as its private sector competitors. It was sold to a private company in 2011.

[cyprusgrump]

If you study the history and workings of the body known as the 'Tote' in the UK, (the 'Horserace Totalisator Board' in full), you will see that a state-owned gambling company can be successful. It was set up in 1928 by Winston Churchill to operate tote betting at racecourses, and in 1972 it also moved into running a chain of betting shops. It did both very successfully, and I worked in their betting shops for a while and saw that it was every bit as successful as its private sector competitors. It was sold to a private company in 2011.

You can guarantee success if you make the rules and skew them in your favour...

You have to question though if it offered the very best deal for punters or if an 'open market' with a level playing field would have been better...?

You also have to question why the government were so keen to get rid of it for (if I remember rightly) quite a small return if it was so successful...?