Aug 27, 2010

of singapore company bars management from local casinos

Singapore company bars management from local casinos
A Singapore company has banned its management from the country's two new casinos following reports a local businessman lost a fortune at the gaming tables, its founder said Friday.

Mohamed Salleh, chief executive officer of retail and property firm Second Chance, said he had applied for casino exclusion orders for himself and six of his top personnel using a system designed to keep gambling addicts out.

Media reports said Quek, a local seafood industry magnate, had squadered the amount over a three-day gambling spree at the Resorts World Sentosa casino.

Mohamed said his decision was also prompted by a case in which one of his managers stole gold items from the firm to pay off gambling debts before the local casinos opened the doors.
Mr Mohamed Salleh said,
A few days ago I read about this Henry Quek... that lost 26 million (19.2 million US) dollars at this casino, so I was thinking, why not I include all my top executives and my finance people?


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