tag:blogger.com,1999:blog-1602023866179666640.post2994389834757336599..comments2024-03-22T00:30:54.666+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: Clubs still milking millions from jackpot cash cowsCreatewealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1602023866179666640.post-80082967103890892962017-04-28T17:09:58.131+08:002017-04-28T17:09:58.131+08:00Hmm I always knew jackpot machines really bring in...Hmm I always knew jackpot machines really bring in the money ever since I helped out at the former NCO Club on Beach Rd (originally the colonial Britannia Club) in the late 1980s. But no guts or contacts to setup one.<br /><br />I remember even the old MND staff lounge had like 5 or 6 one-arm bandits, and they earned enough every year for lavish D&D and heavily-subsidized holiday trips. Not sure whether still got now.<br /><br />Below are the 2 main steps to start:<br />1. Form a society with at least 500 voting members.<br /><br />2. Apply to police for private lottery permit --- $195 per year license.<br /><br />- Cannot advertise but each member can bring 2 guests.<br />- Food & drinks can be served.<br />- Annual tax to IRAS of 9.5% of takings.Spurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-78596124717240529332017-04-24T08:59:36.250+08:002017-04-24T08:59:36.250+08:00The clubhouse, which operates from 10am to 2.30am ...The clubhouse, which operates from 10am to 2.30am daily, is already a popular haunt for retirees on most days.<br /><br />Why these retires want to throw good money to the slot machine? :(<br />RayNghttps://www.blogger.com/profile/06085987573946040792noreply@blogger.com