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View Full Version : RM62,000,000 in 3 days.



zinglicious
20-08-2010, 07:24 AM
A rich Singaporean lost RM62,000,000 or SD 26,000,000 in 3 days plans to sue the casino for the losses. http://thestar.com.my/news/story.asp?file=/2010/8/20/nation/6888106&sec=nation

USJ27Resident
20-08-2010, 07:41 AM
A rich Singaporean lost RM62,000,000....

you forgot to add the word "STUPIDLY" before the word "rich".... :p

I wonder how some people can be so stupid and still get so rich... :rolleyes:

moral of the story:NEVER GAMBLE.... once is enough! ( gambling on marriage :p )

zinglicious
20-08-2010, 07:45 AM
Easy come easy go. :D
In USA, there was another who tried to sue the casino for the sinilar outrageous lawsuit over the losses. That guy happened to own a premier NFL Football team. Eventually, he lost the ownership and also the lawsuit. :eek:

bzjude
20-08-2010, 07:54 AM
A fool and his money are soon parted.. ;)

birdy
20-08-2010, 08:11 AM
:eek: He still want to lose his money to lawyers? Ask him to donate the money to charity better lar.

rakyat
20-08-2010, 09:09 AM
How the heck did the fool blow RM62 mil in 72 hours????? How much was he betting, could not be losing on every bet right? It like losing RM900k per hour non-stop!!!

You would think after a few hours of losing at RM900kph he would have reconsidered his proposition.

Fabe18
20-08-2010, 09:18 AM
He would be one of those who puts down his chips in the International Room where they have chips in 5 figures denomination...

But the question was why did the casino lent him money so many times without any background checks...

birdy
20-08-2010, 09:43 AM
But the question was why did the casino lent him money so many times without any background checks...
Anything wrong here? :confused: It's the liberty of the casino to decide whether to check or not... maybe they have checked and aware that he is a rich person, that's why encourage him to lend more. :o

fRaNkY
20-08-2010, 09:54 AM
Wah! Like tat must buy Genting shares.... sg casino richer by SGD26m :)

SingaporeEhSai!
20-08-2010, 10:50 AM
at least the suppposed money he lost belongs to him....if u know what i mean... :D
Why would only the rich ppl will act this way? Thats if u follow the principle "if u dont try, u'll never know" , he did get a discount of over 3mill dollars...and by trying to sue, he may get more discounts...anyway, wats lawyer fees of few hundred thousands when he could potentially get a few million dollars more in discounts?

PakAmoh
20-08-2010, 11:39 AM
There must be some reason behind it. Insanity is definetely not one of it.

xaviers
20-08-2010, 12:06 PM
We will hear a different story if he had won.

Do we hear of the casino suing him for winning RM 62,000,000.
But then, the casino will prob throw him out before his winning reaches 1mil, cause they will be monitoring the winning

megatron
20-08-2010, 01:43 PM
Time to buy Genting Singapore shares.

cml
20-08-2010, 02:14 PM
It could be Sands and not genting. Anyway i think that he can afford it. Its not like he would be living on the street so something like that. He probably just trying his luck. Im sure that they know who he is. You try and see if they lend you 6200 bucks? They will throw you out on the streets.

KahHeng
20-08-2010, 02:21 PM
moral of the story - always know when to cut losses lah.. ;)

Justme123
20-08-2010, 05:01 PM
Generally this is a question of neural brakes and inhibitors in the brain.
There are many types of neural brakes that are responsible to control one's numerous impulses.

For example, the majority of humans has neural brakes that inhibit one not
to run around naked like other humans used to do eons ago.
Panadol is used as a neural brake in pain receptors.
Alcohol tend loosen many neural brakes in the brain.

In this case, there was a total breakdown of the neural brakes for gambling and risk taking.

The most enigmatic neural brakes are the religious neural brakes.
Religious neural brakes inhibit the primal fear of death, but can loosen
the neural brakes of some (not all) to the extend of killing oneself (suicide bombers) and being violent on others.

PakAmoh
20-08-2010, 08:17 PM
Generally this is a question of neural brakes and inhibitors in the brain.
There are many types of neural brakes that are responsible to control one's numerous impulses.

For example, the majority of humans has neural brakes that inhibit one not
to run around naked like other humans used to do eons ago.
Panadol is used as a neural brake in pain receptors.
Alcohol tend loosen many neural brakes in the brain.

In this case, there was a total breakdown of the neural brakes for gambling and risk taking.

The most enigmatic neural brakes are the religious neural brakes.
Religious neural brakes inhibit the primal fear of death, but can loosen
the neural brakes of some (not all) to the extend of killing oneself (suicide bombers) and being violent on others.
rubbish.............................

Justme123
20-08-2010, 08:40 PM
rubbish.............................
Why?
If you do not agree with my views, why not provide your alternative views.
Do you have a better explanation?
Else it would be better to be quiet about it.

cml
20-08-2010, 08:49 PM
i suppose that is the scientific explanation for irrational behaviour. Sometimes people get carried away and if they win in this instance, then the storyline would change entirely and if he had won 62 million he would have been the stuff of legends and made out to be a god of gamblers. In this case he will be notoriously known forever as the god of losers (no disrespect to any gods) just of figure of speech. Just like one of our ex finance ministers lost billions of ringgit betting against the depreciation of the sterling and lost. He is lucky it was such a huge amount that it could never be exposed as his fault.

Justme123
20-08-2010, 08:50 PM
Here are some info to support my views.
The subject from neuroscience and neuro-psychology is more complex than
this.

I have done a lot of research on this area.
My original posting on this issue was a paraphrase for simple reading.
Btw, i am not claiming to be an expert, but since this is a forum, I am just sharing of information and views.
If there are better scientific views, I am prepared to accept them.

-----------------
Impulse control disorders are thought to have both neurological and environmental causes and are known to be exacerbated by stress.
Some mental health professionals regard several of these disorders, such as compulsive gambling or shopping, as addictions. In impulse control disorder, the impulse action is typically preceded by feelings of tension and excitement and followed by a sense of relief and gratification, often—but not always— accompanied by guilt or remorse.

Researchers have discovered a link between the control of impulses and the neurotransmitter serotonin, a chemical agent secreted by nerve cells in the brain.
Selective serotonin reuptake inhibitors (SSRIs), medications such as Prozac that are used to treat depression and other disorders, have been effective in the treatment of impulse control disorders.
The American Psychiatric Association describes several impulse control disorders: pyromania, trichotillomania (compulsive hair-pulling), intermittent explosive disorder, kleptomania, pathological gambling, and other impulse-control disorders not otherwise specified.

Read more: Impulse Control Disorders - Psychodynamic Theory Of Personality, Adolescence, Theory Of Personality, Self, Mutilation, Repetitive, and Feelings http://psychology.jrank.org/pages/327/Impulse-Control-Disorders.html#ixzz0x9P92UmK
http://psychology.jrank.org/pages/327/Impulse-Control-Disorders.html

cskok8
20-08-2010, 10:32 PM
i suppose that is the scientific explanation for irrational behaviour. Sometimes people get carried away and if they win in this instance, then the storyline would change entirely and if he had won 62 million he would have been the stuff of legends and made out to be a god of gamblers. In this case he will be notoriously known forever as the god of losers (no disrespect to any gods) just of figure of speech. Just like one of our ex finance ministers lost billions of ringgit betting against the depreciation of the sterling and lost. He is lucky it was such a huge amount that it could never be exposed as his fault.

How about that former CM who owed millions to a London casino and then refused to pay. When he was sued (in a Malaysian court) the judge ruled that he should not have been allowed to gamble as he is a Muslim :confused:

Naka
21-08-2010, 06:01 AM
Served him right............

zinglicious
21-08-2010, 07:20 AM
I did gambled for 72 hours non stop (passed rest or sleep ) after hearing my mum was in the hospital years back in US. But I did one sensible thing that was I brought along USD1500, leaving my card at home. Went there with a return ticket, well, just in case I lost all the dough.
Anyway, I was hitting from table to table, casino to casino, day and night. Hell, I was not even concentrating to win, but just to passed time. After 72 hours, cannot tahan oredi, went home like a Zombie without realizing I have won USD5,000. :eek:
With that kind of money, I should have taken the limo home instead of the bus. Anyway, had my wife furiously mad with my act of AWOL as I also left my hand phone at home just like my cards. :o

PakAmoh
21-08-2010, 03:03 PM
Here are some info to support my views.
The subject from neuroscience and neuro-psychology is more complex than
this.

I have done a lot of research on this area.
My original posting on this issue was a paraphrase for simple reading.
Btw, i am not claiming to be an expert, but since this is a forum, I am just sharing of information and views.
If there are better scientific views, I am prepared to accept them.

-----------------
Impulse control disorders are thought to have both neurological and environmental causes and are known to be exacerbated by stress.
Some mental health professionals regard several of these disorders, such as compulsive gambling or shopping, as addictions. In impulse control disorder, the impulse action is typically preceded by feelings of tension and excitement and followed by a sense of relief and gratification, often—but not always— accompanied by guilt or remorse.

Researchers have discovered a link between the control of impulses and the neurotransmitter serotonin, a chemical agent secreted by nerve cells in the brain.
Selective serotonin reuptake inhibitors (SSRIs), medications such as Prozac that are used to treat depression and other disorders, have been effective in the treatment of impulse control disorders.
The American Psychiatric Association describes several impulse control disorders: pyromania, trichotillomania (compulsive hair-pulling), intermittent explosive disorder, kleptomania, pathological gambling, and other impulse-control disorders not otherwise specified.

Read more: Impulse Control Disorders - Psychodynamic Theory Of Personality, Adolescence, Theory Of Personality, Self, Mutilation, Repetitive, and Feelings http://psychology.jrank.org/pages/327/Impulse-Control-Disorders.html#ixzz0x9P92UmK
http://psychology.jrank.org/pages/327/Impulse-Control-Disorders.html

careful with easy access to technology of 'cut & paste' , it could be misleading not only to others but to yourself . Thread carefully ,the science of the mind is not about reading 1 or 2 so called theories or researches without recognition from the mainstream scientific bodies,even so
many areas of this subject are very new and barely conclusive .

Justme123
21-08-2010, 05:19 PM
careful with easy access to technology of 'cut & paste' , it could be misleading not only to others but to yourself . Thread carefully ,the science of the mind is not about reading 1 or 2 so called theories or researches without recognition from the mainstream scientific bodies,even so many areas of this subject are very new and barely conclusive .The internet is touted to be the highway to advancing knowledge.
"Rubbishing" other peoples' view without supporting evidences is more like stopping others
from exploring new knowledge and controlling the freedom of expression.
This is what some religious bigots are doing.

It is true that the findings of the neuorsciences are changing very quickly
and most neuroscientists will point out this current fact as a caution.
However the the knowledge of inhibitors is more stable since it had been
studied for quite some time already.

Whatever that is posted in such a forum is not expected to be carved in stones.
We should encourage everyone to post views from various perspectives and
if anyone is interested on the subject, he/she could use the WWW to explore for
further of views (pros and cons) on the same subject.
If anyone want to discuss further in this forum, they can present their views and ideas.

The point is to promote win-win for the sharing of knowledge for anyone interested.
Those who are not interested would just ignore the post.

zinglicious
22-08-2010, 07:25 AM
Correct! Justme123 took the trouble to share some studies done - conclusive or not, it is up to each individual to accept it or disregard it. Moreover, even with rebuttal, it should post a link on the matter instead of saying this is unacceptable to the mainstream.
Even a FDA approval for the COX inhibitor was recalled from the Market because of death cases reported after which. Conclusive tests and acceptance? Tell that to the patients who died and the doctors who prescribe it because it was FDA approved. :eek:
BTW, Tobacco companies were saying the claims that smoking causes cancer was inconclusive for many years. :p

Justme123
22-08-2010, 12:02 PM
Correct! Justme123 took the trouble to share some studies done - conclusive or not, it is up to each individual to accept it or disregard it. Moreover, even with rebuttal, it should post a link on the matter instead of saying this is unacceptable to the mainstream.
Even a FDA approval for the COX inhibitor was recalled from the Market because of death cases reported after which. Conclusive tests and acceptance? Tell that to the patients who died and the doctors who prescribe it because it was FDA approved. :eek:
BTW, Tobacco companies were saying the claims that smoking causes cancer was inconclusive for many years. :pNoted and agree with your point.
I think it would be positive to open up wider perspectives on issues as it may be informative in some way for those who happened to be interested in the subject.
For example, your thread in MSG is very informative for many and eventually it is up to the individual to make a choice.

zinglicious
23-08-2010, 06:02 AM
Ever wonder why Casino would not have clocks on the gambling premises and convenience food would not have MSG boldly on the labels?