greek cypriots paid 1 million euros to trnc casinos and hotels

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
17/05/2011 21:39

It was claimed that Greek Cypriots spent 1.50 million Euros with credit cards in TRNC casinos and hotels within 4 months.



Greek Cypriot Fileleftheros Newspaper published this news titled as “1 million Euros for TRNC casinos and hotels”. According to JCC’s credit card information Fileleftheros claimed that Greek Cypriots spent 1.50 million Euros with credit cards to TRNC casinos and hotels within the first 4 months of 2011. According to newspaper, Greek Cypriots’ casino payments were in January approximately 110.000 Euros, in February 66.000 Euros, in March 118.000 Euros, in April 135.000 Euros and in total 430.853 Euros. And these payments are only through credit cards. In addition to these, there are cash and cheque payments too.

According to the news, Greek Cypriots’ hotel payments were 628.929 Euros in total. Also it was claimed that Greek Cypriots spent 370.000 Euros for going to Turkey via Ercan Airport.

Courtesy of :

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
17/05/2011 21:41

Sorry

Ran out of space for the full link:

http://www.trncpio.org/trncpio/en/index.asp?sayfa=haberdetay&newsid=1346

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
17/05/2011 21:42

even the greeks are investing in TRNC , cant be bad AJ ?

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
17/05/2011 21:49

AlsancakJack (mess 1)



How sad for the Turkish Cypriots that Greek Cypriots are keeping the Turkish Cypriots afloat! with their Gambling! 1.50 million Euros!!!! in credit cards!!!! Gary Robb stole more than that from honest victims!



AJ (my bullet proof vest is on)!!

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
17/05/2011 21:50

rowlo

Embargoes?

What embargoes?

spider


Joined: 03/01/2009
Posts: 5527

Message Posted:
17/05/2011 21:56

Do the banks on either side require payments back on these credit card ? as they do not seem so bothered about getting payments back from dodgy builders...just keep adding the interest then they are never to be found again..Then we all know what the banks are after...peoples homes !







Spider,X

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
17/05/2011 21:57

TRNCvictim

Unfortunately you are trying to talk to the wrong person.

I have no interest in anyone that continually hi-jacks threads for their own purpose.

Sorry

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
17/05/2011 22:33

msg4 trncvictim , you cant blame every one and his dog ,on every thread for the horrendous things gary robb done to you and countless others , my heart really does bleed for you and everyone else who lost out , but most people are happy here , and others are looking to buy my sister in law included , you continuing to hi-jack threads regarding everything TRNC does no one any good , had it all worked out for you , i have no doubt you would be praising the place to the hilt , no one forced you to part with your cash , the choice was yours , and yours alone ,

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
17/05/2011 23:04

AJ (mess 7)



Your as inward (small Island thinking) and as bigoted as rowlo! and as for hi-jacking threads! perhaps you need to look at the bigger picture! and I know you are the wrong person to try and talk to (I understood that a long time ago)!



No rowlo It can't be bad (mess 3) even the greeks are investing in the TRNC!

Scoty


Joined: 23/05/2010
Posts: 846

Message Posted:
17/05/2011 23:10

Msg 4 - jenny in Manchester. every lira counts. Do the GC govt' know where so much money is going. they do now!

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
17/05/2011 23:18

msg9 , i am not a bigot , MAYBE YOU NEED TO LOOK AT THE BIGGER PICTURE ? you made a big mistake , get over it , plenty of advise was available to you before you parted with youre cash ? dont come on here and spout venom on every trnc topic because you jumped in at the deep end with no questions asked .

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
17/05/2011 23:34

rowlo (mess 11)



Your one of the biggest bigots on this forum!



Now I will leave AJ's thread about Greek Cypriots giving their money to Turkish Cypriots! and you thinking "It can't be bad"!



It's Un Hi-jacked

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
17/05/2011 23:41

ma auld grannie used to say , never argue with a fool , people might not be able to tell the difference , how right she was msg12 .

ttoli


Joined: 24/03/2007
Posts: 1172

Message Posted:
18/05/2011 00:04

I'll have to agree with MSG 8, TRNCvictim, I'm afraid



msg4 trncvictim , you cant blame every one and his dog ,on every thread for the horrendous things gary robb done to you and countless others , my heart really does bleed for you and everyone else who lost out , but most people are happy here , and others are looking to buy my sister in law included , you continuing to hi-jack threads regarding everything TRNC does no one any good , had it all worked out for you , i have no doubt you would be praising the place to the hilt , no one forced you to part with your cash , the choice was yours , and yours alone ,



I've sat on the fence for a while counting My blessings and not commented,

I have been lucky here and found a Good Developer and Good Builder (Cliff Morgan @ No 14, 5 years on and No Damp), Rowlos thoughts reflect mine though, is it not time to find closure for your anger?

bigOz


Joined: 29/09/2010
Posts: 1244

Message Posted:
18/05/2011 00:10

How many TCs are actually benefiting from the casinos? The investment in most is from Turkey, the profits go to Turkey, almost all their employees are imported from Turkey & Turkic Nations, as well as Moldavians, Russians etc. who save and send their earnings back to their own country.

Perhaps someone should do a research into how much money (usually in dollars) banks in North Cyprus transfer to above named countries every month!

Furthermore, I am not so sure about Greeks paying for hotel accommodation; casinos provide free food, accommodation to most of their punters & members. Total amount of money for hotels coming out of Greek Cypriot Bank accounts does not necessarily mean they were actually GC accounts. Many English and other foreign nationals have accounts there (including some TCs!)

As for spending 370 000 euros to travel through Ercan, I am sure just as much, if not more is spent by TCs and many foreign nationals living in N. Cyprus, travelling through Larnaca airport.

Middle Easter


Joined: 13/06/2007
Posts: 146

Message Posted:
18/05/2011 00:42

Big Oz - lets be pragmatic here.



The profit may go back to Turkey re the Casinos, but it is a tiny fraction of the money that the Turkish government bankroll the TRNC government with on an annual basis.....

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
18/05/2011 09:42

As long as the casinos are paying their taxes, the profit is theirs to do with or send as they wish. It's a captive market with RoC and Turkey not having legal casinos. The TRNC gov could almost charge whatever tax they wanted as there is no "local" competition.

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 10:32

re 15



VERY good point BigOz



So much for it being 'good' for 'TRNC' ......

tattlad


Joined: 13/12/2008
Posts: 479

Message Posted:
18/05/2011 11:46

Two faced southern lot, as usual, slate the TC's for Building casino's and other stuff on their so called land, then have the nerve to spend money in them, hilarious really.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
18/05/2011 11:59

Mark

Message 18.



'So much for it being 'good' for 'TRNC' .....'



Erm not quite sure where anyone on this thread said that it was good for the TRNC.

My point in posting was to show that the ROC is well aware of the amount of money flowing out of their banks into the ' Occupied area' otherwise known as the TRNC. They must be pulling their respective hairs out.

bigOz


Joined: 29/09/2010
Posts: 1244

Message Posted:
18/05/2011 12:14

MiddleEaster

The subject of Turkey spending her valuable cash on North Cyprus to keep it going has been discussed in great detail - which you probably missed. If you hadn't then you would see clearly why you do not have a valid argument in your post!

The question one should ask; "How healthy is a government or an economy in the long run, that depends on taxes from casinos?"

Consider a scenario - the religious AK party loses election, CHP comes to power and Southern Turkey becomes a Casino heaven! Or seeing the revenue that can be generated, and the amount of money spent up North by their own, The GC government decides to issue Casino lisences to some big Russian stake holders in a GC bank. From what I hear there are already such ideas in motion down South! Then what? Who will cover the hundreds of millions of losses in Euros - that will probably translate to even larger figures for the economy due to the "domino effect".

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
18/05/2011 12:49

bogOz,



I think you are arguing both ways here, if you don't mind me saying so.

On the one hand it's argued that the casinos send their profits abroad and don't employ locals, and on the other hand that wouldn't it have a terrible impact on TRNC if Turkey and/or RoC legalized casinos on their home turf? We don't see any of their profit and they don't employ locals, so who'd miss them?

Answer: The taxman.

TinLondon


Joined: 20/07/2009
Posts: 171

Message Posted:
18/05/2011 13:03

The way I see it is this.... The GCs might be spending loads of Euros in the Casino's but aren’t the TCs spending all their TLs (probably more that 1.5 million equivalent) in the shops on the south. So it doesn't matter how you look at it, the TCs do lose out but they would be losing a lot more if there were no Casinos. Also, It would be interesting to see how much of the gambling money is actually disclosed as taxable, not even Las Vegas has manged to keep a track of all the money that comes in and goes out?

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 15:05

re msg 18



AJ



>>Erm not quite sure where anyone on this thread said that it was good for the TRNC. <<



Two members have specially discussed this on this thread...



>>My point in posting was to show that the ROC is well aware of the amount of money flowing out of their banks into the ' Occupied area' otherwise known as the TRNC. They must be pulling their respective hairs out. <<



Sadly, many Cypriots spend a high proportion of income on gambling ( and other extra-marital activities ) ... As Casinos are illegal in the 'rump' RoC, it is all too easy to take cash across the green line and spend it - away from the eyes of the tax man ...

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
18/05/2011 15:33

As long as some of it ends up with "our" taxman, we shouldn't complain.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
18/05/2011 18:41

keep on bringing it ?

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
18/05/2011 18:53

Mark

Message 24:



' it is all too easy to take cash across the green line and spend it - away from the eyes of the tax man ...'



So what are you saying?

These published figures are obviously available to the ROC authorities so are you saying that there is a lot more money coming over from the ROC that the authorities do not know about?

I would be careful where you are going with this.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
18/05/2011 18:59

clamp up 6ms , AJ has been cool till your ban expired ? lets not rile him , i like the happy posting aj , why dont you pm him if you want to argue ?

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 20:06

re 27

AJ



>>These published figures are obviously available to the ROC authorities so are you saying that there is a lot more money coming over from the ROC that the authorities do not know about?

<<



1/ How would the 'rump' RoC know how much cash is being spent?



>>I would be careful where you are going with this.<<



2/ Why ... ?



re msg 28 Rowlo



)))

Smity



Joined: 14/09/2009
Posts: 826

Message Posted:
18/05/2011 20:09

Think I'll open up a casino for the south

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 20:31

IF the law ever changes, there will be .. in typical Levant fashion - many, many Casinos built ... :(



According to one website there IS a Casino in the south:



http://onlinecasinosuite.com/gambling/cyprus/



*I* can't find it .. unless it is a Louis Cruise ship..

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
18/05/2011 20:35

its on the old ark royal ? lmao.

Middle Easter


Joined: 13/06/2007
Posts: 146

Message Posted:
18/05/2011 22:43

Big Oz msg 21



I am cnfused by your response re my post: Have you a Master degree in pomposity & curtness? I made a simple non controversial (unquestionable) response to one of your posts.



1) How do you you know I have 'missed' the discussion on the funding of TRNC by Turkey...? I am well aware of the debate thank you very much

2) You question that my argument is not 'valid' - In fact I was not making an argument at all, just a statement that casino profits & country running costs equate to different orders of magnitude, is this even in question?

3) My point was that the profit going back to Turkey from Casinos is a fraction of funding of Turkey to TRNC, hence the TRNC Government couldn't survive solely on Casino profits anyway...is this not logical enough?

4) If GC's set up casino's, then so what?....We have already agreed that the TRNC casino profits go offshore, so what would the loss to TRNC?



In truth, I am a little lost as to the point you are trying to make?

bigOz


Joined: 29/09/2010
Posts: 1244

Message Posted:
18/05/2011 23:57

Middle Easter

I too am surprised at your response! I was never rude or made any stupid statements as your kind self, such as "Have you a Master degree in pomposity & curtness?" You want curtness? Here it is; I am not interested in your numbered points which clearly show lack of understanding of what is exactly going on in my country.

You must have heard the phrase "pull the other one its got bells on!", because this is exactly what you wrote "The profit may go back to Turkey re the Casinos, but it is a tiny fraction of the money that the Turkish government bankroll the TRNC government with on an annual basis..." There was nothing about "-hence the TRNC Government couldn't survive solely on Casino profits anyway" So to be quite honest, I do not think you are lost "a little bit" but rather "LOST" big time!

I do not need someone living in Bahrain telling me about what is "logical" and not where I was born and seen all the changes over the decades. So let us just agree to disagree...

Middle Easter


Joined: 13/06/2007
Posts: 146

Message Posted:
19/05/2011 13:03

big Oz,



Fine, life is too short. My 'confusion' with you picking up on my original response was that I wasn't trying to make a point or argument about economic sustainability: It was just a plain statement that the inflow of money from Turkey to sustain TRNC is surely greater than the crrent outflow of money back to Turkey from the Casino's.



I will bow to your local knowledge if I am wrong. So please let me know, is this statement correct or not?