Pattaya Reports

[QUOTE=MonkeyPaw;2460802]Expat bars need expats, tourist traps need tourists. Now you can pretty much figure out what will open and will not. If it won't make money or break even, it ends will stay closed. Apply that to your favorite hang outs in Pattaya. It's that simple. Don't worry about the girls, Jody is here.

Work your fingers.

Right down to the bone.

There's a cat named Jody.

Sneaking around in your home.

There's a cat named Jody.

In every town..[/QUOTE]Say Baccara guys go bankrupt. New operators will get a deal with less rent, pay girls less, . More economical all around.

Pattaya will be back. Just who makes money will be different.

As for rules and regulations. The Coppers will have to figure that out. LOL. How do they maximize their income.

Let's all Pray & this happens real quick. Usually does when dollars at stake.

I like to go to Pattaya for seven days a year.

Would be a big loss without it.

[QUOTE=MonkeyPaw;2460802]Expat bars need expats, tourist traps need tourists. Now you can pretty much figure out what will open and will not. If it won't make money or break even, it ends will stay closed. Apply that to your favorite hang outs in Pattaya. It's that simple. Don't worry about the girls, Jody is here.

Work your fingers.

Right down to the bone.

There's a cat named Jody.

Sneaking around in your home.

There's a cat named Jody..[/QUOTE]I'm always a little ahead of the news and even the mayor. I posted yesterday, this came out this morning. Like I said, expats need expats, tourists traps need tourists and weekend warriors. Thai bars need Thais. So what do you consider yourself? They will try to see what's left here in Pattaya, and take our money even if it's for a few days. So beware of the cover charge if they decide to impose one.

My advice. As for the tourists traps like the GoGo bars, meet the contraction with contraction and consolidate into a few clubs with your best girls. Are you listening Pin Up? Night wish group the same. Biggest club, biggest stage and pack them in plus pay "them" off. Only problem is that 10 day contract and salary. And that many of these girls are making enough off TF with added freedom, they may not come back to fight over a few drinks a night. Who's left that can drop 5-7000 a night for 1 club and 1 girl? I've built of my stable already, and even Monkeypaw won't do that anymore. Maybe I'll drop by with my friends from BKK, Molly and her girls. Do a quick roll call and then do our own party at home. But that's it. We have our own Agogo back in the room. Lights, camera, and action.

"With the current ban on international inbound flights, however, foreign facing businesses that rely primarily on tourists will be forced to make tough decisions on opening and if they have enough of a local customer base to support their business. Many will likely stay closed until tourists are allowed to return. Domestic based businesses, like expat focused beer bars or Thai pubs who focus on local Thai residents are generally more positive and stating they are ready to open and confident they will be able to make a profit."

[URL]https://thepattayanews.com/2020/06/24/pattaya-city-mayor-says-pattaya-entertainment-venues-eager-to-open-and-ready-to-comply-with-proposed-rules/[/URL]

[QUOTE=DannyDuck;2460923]Say Baccara guys go bankrupt. New operators will get a deal with less rent, pay girls less, . More economical all around.
[/QUOTE]Yeah. I don't think you know Thailand very well. That place will sit empty before they give someone a deal with less rent.

[QUOTE=DannyDuck;2460923]Say Baccara guys go bankrupt. New operators will get a deal with less rent, pay girls less, . More economical all around.

Pattaya will be back. Just who makes money will be different.

As for rules and regulations. The Coppers will have to figure that out. LOL. How do they maximize their income.

Let's all Pray & this happens real quick. Usually does when dollars at stake.

I like to go to Pattaya for seven days a year.

Would be a big loss without it.[/QUOTE]It all depends on which bar you're talking about, and how long the owner of place can take the hit. Many smaller bars are already selling the property for much lesser rent, including few in NPE in BKK. Will it result in paying less to girls? Not necessarily. I am hoping you already had your yearly Pattaya trip this year because with all travel restrictions you might want to skip it this year. Also depends on which country you live in.

"All businesses and activities suspended to control the spread of coronavirus disease will be allowed to resume on July 1 - including entertainment venues and "soapy massage" parlours. Pubs, bars and karaoke shops will reopen, but must close at midnight. Groups of visitors will be capped at five people, and will be prohibited from joining other groups. Sales promotion activities will be banned. " Liquor sales from 5p to midnight at the bars.

Three nights later, bars will close again for a 4 day Buddha Holiday, July 4-7.

[URL]https://www.bangkokpost.com/thailand/general/1940316/all-business-to-resume-on-july-1[/URL]

[QUOTE=JavaMan;2461054]

Three nights later, bars will close again for a 4 day Buddha Holiday, July 4-7.[/QUOTE]JavaMan,

Not disputing what you say but the Monday and Tuesday are public holidays (Government offices closed) in lieu of Asarnha Bucha Day and Khao Phansa, as they fall on the weekend, rather than Buddhist holidays. Most times this means bars would be open on 6th and 7th. Just to confuse more there seems to be a bit of doubt about whether Khao Phansa (Buddhist Lent) is on the Sunday or the Monday.

[URL]https://thepattayanews.com/2020/06/23/thai-cabinet-approves-four-day-holiday-weekend-for-july-4-7-no-alcohol-sales-days-coming/ [/URL]

"Although not officially announced or clarified at the announcement today it is expected that the fourth and fifth will be no alcohol sales days as every Buddhist holiday. If the holidays follow measures taken in prior years, the additional government holidays will see closure of government offices but no alcohol sales ban."

Advice? Watch this space and the press nearer the time.

[QUOTE=MrEnternational;2460978]Yeah. I don't think you know Thailand very well. That place will sit empty before they give someone a deal with less rent.[/QUOTE]Can someone like LBM confirm this is standard operating procedure for legit Businessman.

I can't see how real Busnit dudes don't account for market forces.

I'm not talking about Hillbilly Somchai who won't lower rent for 10 years because he thinks his condo is the Bomb. LOL.

Hong Kong has really good Hotels at great prices. I'm sure me not allowed to enter has something to do with their price adjustment.

[QUOTE=MrEnternational;2460978]Yeah. I don't think you know Thailand very well. That place will sit empty before they give someone a deal with less rent.[/QUOTE]There are some stubborn landlords out there. Initially that may be their response but if the property sits vacant for months on end eventually they will accept the new reality. A lot depends on how they are leveraged and whether cash flow is positive.

[QUOTE=MrEnternational;2460978]Yeah. I don't think you know Thailand very well. That place will sit empty before they give someone a deal with less rent.[/QUOTE]I think you overestimate the financial stretch most Thai still have.

I rent my condo now at 30% of the original price.

I took 4 businesses over last month, in general:

- I kept the staff: -20% on salary.

- Rent did go down with 40-60%.

Price for the takeover: the debt on those companies.

All are running profitable now.

Okay, it are not adult places.

But I assume it's not that different.

Did somebody say "legit business?

The groups operating in Nana Plaza, Soi Cowboy, LK Metro, Walking Street, Bangla and many of the other entertainment venues including Soapies are far from "legit. " Why do folks not know this stuff? Prostitution is illegal in Thailand, so take it from somebody who is on the inside, normal rules of business and "market forces" do not always necessarily apply here. If that's the case, the Man from Iran and his bars should have been out of business a long time ago. They exist for reasons unknown and maybe known by some. Remember, they are what they are. Cash cows and businesses pulling in a crap load of uncounted foreign cash with the backing of a few very well connected Thai elites.

They exist for higher purpose other than just employment. Just like so many sex tourists getting lured and trapped by Thailand's mystique to keep coming back over and over again, so do foreign investors who find it thrilling to be part of group that operates Go Go bars or sex venues. Many get their money scammed and taken. New bars pop up all the time on Walking Street to only close in less than a month or two. I personally know of a few guys who had their money pulled, thinking they can be part of the bigger picture, by throwing in 30-50,000 USD, in "expansion projects. " It's very easy. I invite you (an investor) to come hang and party at all the GoGo bars our group owns. You drink like crazy, fuck alot of girls, and enjoy the party. We are thinking about buying up this space on Walking Street to open another club because all our other clubs are so packed. This would be a great retirement investment and place to spend the rest of your life. Let me get my buddies at Immigration to get your long stay visa set up for free, along with a tube of KY.

And just because you have cash doesn't mean you get to buy into a GoGo bar on Walking Street. You must be invited to sit at the table for dinner. And sometimes that empty seat is just a big trap. Bars may have an "owner" per se, but can also have many silent partners who prefer to stay silent and sometimes have much more power than whoever stands "face of the business. " Sometimes these silent partners are much weaker and have invested their entire life savings thinking that they've jackpot. Only to become indentured slaves for the top dogs, given jobs and titled managers or general mangers. If you were lured as an investor, but found yourself as a worker. Might want to rethink those choices or your selection of friends. As for the "established" and those who don't work at all (you see them in the clubs), they don't have to worry too much about rent or new take overs. The rapport with the underground network has already been built and is long standing. They do however, have to still pay their employees, the electric, and water bill. This will factor to whether or not or which, opens up. How do I know these things? A little birdy whispered in my ear. But don't mind me, I'm just here to party, hang out, get massages, enjoy the girls and do a little charity.

P.S. These things are over the head of most sex tourists. Just enjoy your time here and don't forget to pay your bill. So to answer your question. Yes, Virginia there is such a thing as a pyramid scheme even in the Underground.

[QUOTE=DannyDuck;2461142]Can someone like LBM confirm this is standard operating procedure for legit Businessman.

I can't see how real Busnit dudes don't account for market forces.

I'm not talking about Hillbilly Somchai who won't lower rent for 10 years because he thinks his condo is the Bomb. LOL.

Hong Kong has really good Hotels at great prices. I'm sure me not allowed to enter has something to do with their price adjustment.[/QUOTE]Mr. E, the position would be more right than wrong but as we all know the Virus has brought in a whole new world or norm? To me, there is like two schools of business one we all know from the West which is taught in basic business 101 which we at times assume everyone knows the basic concepts these concepts are commonly applied at big chain hotels like the Hilton, markets like Lotus and Big see, 7/11, Big Mac, BK, Top Chaeron you see the offer of discounts willing to unload stock to restock. The more time spend outside for education and living in the West the more basic following of Western business 101 is followed then there is another school of business I put under " the more patriotic the more stupid " this, of course, is what we refer to when you got no business you raise the rates the head of these companies or family want their siblings to stay in Thailand thus sending them to school only in Thailand. Here is the problem as I see it as my daughter in law she is Thai she is smart has a Master in Accounting from a Thai government school but outside of the books streetwise she is stupid can't even sell french fries. In the government schools, she was taught just like her teacher and professors just read the text but if principal and theory don't work then what like most experts on education in Thailand there is no critical thinking the look on their face is like " what the fuck should I do now ".

That being said let's take the Soi Baukhao and Soi LK area many of the properties are owned paid for cleared and free pass on now to the siblings of the LengKee family they just use to waiting and waiting because they feel their property is in more demand someone will pay plus the big incentive why they can wait is the key money is standard if you want the privilege to be able to rent a place. I wrote back about a place on Soi 7, restaurant Tequila Reef who decided to call it quits after 20 plus years for his 3-year contract they kicked out 1-2 million key money non-refundable that didn't include the rent each month that was six figures. Since I mentioned Soi 7, Soi 8 both are pretty much owned by the family of Estany Hotel group these are what I consider old school money the same school and money that runs Walking Street.

Two years ago rumors about the waterfront property being removed there was a major meeting with owners with the City and people from Bangkok. You take a good look at the old school guys that own these properties that showed up it was like a Mafia meeting of Godfathers after the meeting nothing the subject was dropped. You take owners of the old living Dolls club it will just stay close until they get what they want. What we called Business 101 market forces just don't apply but of course, that was before the Virus? We will see!

[QUOTE=MonkeyPaw;2461235]Did somebody say "legit business?

The groups operating in Nana Plaza, Soi Cowboy, LK Metro, Walking Street, Bangla and many of the other entertainment venues including Soapies are far from "legit. " Why do folks not know this stuff? Prostitution is illegal in Thailand, so take it from somebody who is on the inside, normal rules of business and "market forces" do not always necessarily apply here. If that's the case, the Man from Iran and his bars should have been out of business a long time ago. They exist for reasons unknown and maybe known by some. Remember, they are what they are. Cash cows and businesses pulling in a crap load of uncounted foreign cash with the backing of a few very well connected Thai elites..[/QUOTE]I give you C plus grade. Low because I marked you down for Believing to get along with girls from the Dark side you have to play Sigmund Fried mind games.

[QUOTE=LittleBigMan;2461291]
That being said let's take the Soi Baukhao and Soi LK area many of the properties are owned paid for cleared and free pass on now to the siblings of the LengKee family they just use to waiting and waiting because they feel their property is in more demand someone will pay plus the big incentive why they can wait is the key money is standard if you want the privilege to be able to rent a place. I wrote back about a place on Soi 7, restaurant Tequila Reef who decided to call it quits after 20 plus years for his 3-year contract they kicked out 1-2 million key money non-refundable that didn't include the rent each month that was six figures. Since I mentioned Soi 7, Soi 8 both are pretty much owned by the family of Estany Hotel group these are what I consider old school money the same school and money that runs Walking Street. Two years ago rumors about the waterfront property being removed there was a major meeting with owners with the City and people from Bangkok. You take a good look at the old school guys that own these properties that showed up it was like a Mafia meeting of Godfathers after the meeting nothing the subject was dropped. You take owners of the old living Dolls club it will just stay close until they get what they want. What we called Business 101 market forces just don't apply but of course, that was before the Virus? We will see![/QUOTE]Not sure what this rant is all about, but Thailand is no different than other countries: premium properties are kept by wealthy families. It is in fact "old money". Thailand sure has the "property elite" - just as any other country. The LenKee family just got lucky; it was pure luck that this area wold develop into a sort of "new walking street" for mainly westerns tourists I Pattaya. The landlords are placed somewhere between a rock and a hard place right now, but they understand very well things will get back to normal. It is just a matter of how they should ease the situation for the many companies that rent their properties. My guess is as good as yours, but my guess is they will show flexibility or else risk their future. As I have understood the mind-set of Thai business people, they are very patient and they know things will get back to normal. Sooner or later.

[QUOTE=Aviator12;2461393]Not sure what this rant is all about, but Thailand is no different than other countries: premium properties are kept by wealthy families. It is in fact "old money". Thailand sure has the "property elite" - just as any other country. The LenKee family just got lucky; it was pure luck that this area wold develop into a sort of "new walking street" for mainly westerns tourists I Pattaya. The landlords are placed somewhere between a rock and a hard place right now, but they understand very well things will get back to normal. It is just a matter of how they should ease the situation for the many companies that rent their properties. My guess is as good as yours, but my guess is they will show flexibility or else risk their future. As I have understood the mind-set of Thai business people, they are very patient and they know things will get back to normal. Sooner or later.[/QUOTE]HERE IS WHAT IT IS ABOUT! It is no more an opinion asked by another poster! What you just wrote should I put that under RANT or an opinion?

It is your opinion Thailand is no different than other countries then I would put you in Mr. E category then you don't know much about Thailand especially outside the P4 P scene! Currently, we aren't talking about any other country than Thailand, and yes your guess is as good as MINE should I place yours under the RANT category?

The question was " market forces " nothing else it wasn't about how lucky the Lengkee or any family might have gotten I used two schools of business and tried to explained based on what I heard of the Lengkee and other old school money family that their siblings who now run things and this are my opinions they couldn't give a rat ass about easing things for ' companies " since many of their renters are individuals which happens to be foreigners. Their siblings were kept in Thailand to be kept 100% Thai so they would think just like their parents and elder who raised them and when it comes to property whether they got lucky or not which isn't relevant in the past would just let it sit but as I noted the Virus has opened up a new can of worms will they let it sit or take a reasonable offer when it comes.

Here is a personal true story from a few years back and I have plenty of them. A few years back a close friend who has lived here longer is married to a Thai and has a number of kids his eldest was 18 and his best friend just happened to be the son owner of Hollywood Disco (old money) it just happens one day that the official notice was from the father that his house now belongs to him and that he had a month to vacate at that time we had no idea this kid who has been visiting and playing at his house for years was the son of the Hollywood owner. His wife we found out borrow money from one of his loan sharks and defaulted on the loan when the kid found out he said he would talk to his dad, in the end, we went down to have a meeting with the father basically to see if we could work out a settlement?

When we met it was like sitting down and talking with my own dad or one of my Uncles, pure old school being Asian we felt we might get a break but in the end, my friend and I were just two foreigners and he got the upper hand which was the deed to the house. I laid out a pretty good deal which in the West of Business anyone would have taken but we were here in Thailand, I laid out the comps in his project and how many were empty for sale or rent and the prices the offer would have saved him the trouble of fixing and putting the place back on the market we had all the cash basically in a bag but instead of taking the deal he actually raised the price beyond what the property was worth leaving us no choice but to walk. I got up smile and thank him for his time but inside I was thinking you stupid old man today after 5 years the property is still unsold and not rented. He actually did my friend a favor because we found a larger and bigger house for him and his kids minus the wife this time from a German owner who thinks like us from the West! His house was on the market for 4 years asking price was 4 million baht, we brought 3. 2 million in a paper bag SOLD! That is how business is done in the West here in Thailand?

That is my opinion!

[QUOTE=MonkeyPaw;2461235]Did somebody say "legit business?

The groups operating in Nana Plaza, Soi Cowboy, LK Metro, Walking Street, Bangla and many of the other entertainment venues including Soapies are far from "legit. " Why do folks not know this stuff? Prostitution is illegal in Thailand, so take it from somebody who is on the inside, normal rules of business and "market forces" do not always necessarily apply here. If that's the case, the Man from Iran and his bars should have been out of business a long time ago. They exist for reasons unknown and maybe known by some. Remember, they are what they are. Cash cows and businesses pulling in a crap load of uncounted foreign cash with the backing of a few very well connected Thai elites.

They exist for higher purpose other than just employment. Just like so many sex tourists getting lured and trapped by Thailand's mystique to keep coming back over and over again, so do foreign investors who find it thrilling to be part of group that operates Go Go bars or sex venues. Many get their money scammed and taken. New bars pop up all the time on Walking Street to only close in less than a month or two. I personally know of a few guys who had their money pulled, thinking they can be part of the bigger picture, by throwing in 30-50,000 USD, in "expansion projects. " It's very easy. I invite you (an investor) to come hang and party at all the GoGo bars our group owns. You drink like crazy, fuck alot of girls, and enjoy the party. We are thinking about buying up this space on Walking Street to open another club because all our other clubs are so packed. This would be a great retirement investment and place to spend the rest of your life. Let me get my buddies at Immigration to get your long stay visa set up for free, along with a tube of KY.

And just because you have cash doesn't mean you get to buy into a GoGo bar on Walking Street. You must be invited to sit at the table for dinner. And sometimes that empty seat is just a big trap. Bars may have an "owner" per se, but can also have many silent partners who prefer to stay silent and sometimes have much more power than whoever stands "face of the business. " Sometimes these silent partners are much weaker and have invested their entire life savings thinking that they've jackpot. Only to become indentured slaves for the top dogs, given jobs and titled managers or general mangers. If you were lured as an investor, but found yourself as a worker. Might want to rethink those choices or your selection of friends. As for the "established" and those who don't work at all (you see them in the clubs), they don't have to worry too much about rent or new take overs. The rapport with the underground network has already been built and is long standing. They do however, have to still pay their employees, the electric, and water bill. This will factor to whether or not or which, opens up. How do I know these things? A little birdy whispered in my ear. But don't mind me, I'm just here to party, hang out, get massages, enjoy the girls and do a little charity.

P.S. These things are over the head of most sex tourists. Just enjoy your time here and don't forget to pay your bill. So to answer your question. Yes, Virginia there is such a thing as a pyramid scheme even in the Underground.[/QUOTE]M. P.

Thanks for writing something I can't as you noted " These things are over the head of most sex tourists " I think everyone comes here not looking for trouble and just enjoy themselves and that includes me but it is tough especially if you live with Thais only everything you wrote I've seen it close up and that is why I do everything I can to avoid and keep to myself just enjoy while it last?