Investing in Tulcan

Jebediah says on Jan 22, 2007, 15:19:

Further to my previous post, I have been informed that my business partner has suggested setting up a chain of hotels/casino's, for the moment there would only be 2. One in Ipiales on the colombian side of the border, and the other in Tulcan on the Ecuadorian side of the border.

The prices would be affordable to both ecuadorians and colombians as we are not looking at a get rich quick program. So therefore we can afford to lower our rates and establish clientelle.

0 funny, 0 helpful.

rmykita says on Jan 22, 2007, 21:59:

Do your Research. To be honest, you sound foolish. The Casino business is no easy business here, and to decide you are going to enter without knowing gaming laws - look a little harder. Besides being critical (which you need more of, criticism), I will tell you that Cooperatives are popular here, and are a possible model to follow if you want employee ownership. The Cooperatives are guided by different laws...There are also Trabajo Asociados, no financial interest by employees, but better working conditions and benefits...cheaper to employer also, complicated need good attorney for either one.

"The prices would be affordable to both ecuadorians and colombians as we are not looking at a get rich quick program. So therefore we can afford to lower our rates and establish clientelle." This statement is just plain hilarious...listen, come over here to Bogota and hook up with the big chains. There are 8-10 real casinos here in the big city, and 6 are owned by the same company, with a few stragglers. Come have a chat and ask them their numbers...and then you will get some real help from the people on this forum. At this point, you sound just too damn foolish...Email me if you want more criticism, or contacts in the business...

Ryan
ryan.mykita at gmail.com

0 funny, 0 helpful.

manu1999 says on Jan 22, 2007, 22:10:

Tulcan is Capital of the World... No really, it is. I love waking up in my luxury 5-star hotel room (THANK GOD for hotel Azteca and all the splendor and glory that goes with it) every morning to have fresh horse manure odours waft through my window.

I'm sure lots of money could be made in that town. All you need is extremely low expectations, and 100$ to buy property there, which, to be honest, is all it's probably worth.

The casino idea sounds cool though, I'd love to run one, the only way to truly cash out on top at the end of the day.

0 funny, 0 helpful.

Jebediah says on Jan 22, 2007, 22:15:

Still in talks My business partner has a good friend of his who is in the hotel chain in Colombia, and who we are going to get him in on our venture. So therefore we have a colombian backing if there are any problems.

Manu - If you are serious we would love to employ you. Do you know how to count to 21 and serve refreshing glasses of Free water?

0 funny, 0 helpful.

goin_south says on Jan 22, 2007, 22:18:

dat funny, manu 'party-like-it's' 1999 Honest; I thought you ma-knew something the rest of us didn't.
You ma-do:
That Tulcan is P.U.

Muerte; Los santos son no más.

Where do we go from here?

0 funny, 0 helpful.