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Zynga Ready for Real Money Gaming or Trying to Hide Failures?Looks like Singapore is the first SEA country to crack and allow Vegas style casinos to operate.
Not sure if they plan on having poker but StudioGlyphic and I were talking about this the last time we were at Commerce. Thailand (and many other countries in the region) have absurdly low costs of living. Even in a major city like Bangkok you can live on $1000 a month, live well on $2000 a month, and live like a king on $3000 a month. Contrast that to Los Angeles where rent in a good neighborhood could run $1500 – $2000 for a 2BR pad. When you do the math, a guy making $3000 a month after taxes, medical benefits, etc. (which is about $55k – $60k a year) spends $1500 on rent and utilities. Food, car, gas, etc. run him another $1000 a month. Figure another $200 for entertainment and the guy’s got $250 in disposable income. Same guy living in SEA makes $3000 a month playing poker, sends $1500 total on all of the above and has $1500 disposable income.
I’m sure it won’t happen immediately but after a few years of operations and possibly a WPT event being held at a major SEA casino you could find American (and British, and Aussie) ex-pat poker players making SEA their new home. Should be interesting to see how it plays out in the long term.
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Hi, my name is Bill Rini and this is my poker blog. I've been blogging about poker and the poker industry since around 2003-ish. Like most people I started out playing poker as entertainment in home games whenever we wanted to sit around and smoke cigars, drink beer, and eat pizza, and needed a good excuse. I started playing online shortly after the first online card rooms opened and it wasn't long before I was playing 20, 30, or even 40 hours a week or more. One day I received a phone call about a program manager position at Tiltware which was the company that consulted to Full Tilt Poker on software development and marketing. After Tiltware I spent about 2.5 years working at Party Poker where I was the poker room manager.
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