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Genting Singapore reports significant profit decline in third quarter

Genting Singapore Ltd. reported a significant drop in net profit for the third quarter of this year, falling by 24% from the same period of time in 2018. This, according to the company, was due to lower revenue accumulated from its gambling business.

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Singapore Gaming

11/14/2019

article Singapore gambling market could be facing challenging times
(Singapore) -- Singapore has risen as a great destination location for those interested in finding five-star accommodations and incredible gambling. However, analysts...

11/7/2019

article Genting Singapore reports significant profit decline in third quarter
(Singapore) -- Genting Singapore Ltd. reported a significant drop in net profit for the third quarter of this year, falling by 24% from the same period of time in 2018....

10/27/2019

article Singapore court rules against Australia’s Star Entertainment Group in record pursuit of AU$43.2 million gambling debt
(Singapore) -- Australia’s Star Entertainment Group has lost a bid to claim AU$43.2 million in unpaid gambling debts from a Singaporean businessman after a...

9/8/2019

article Marina Bay Sands could gain from HK uncertainties: DB
(Singapore) -- Las Vegas Sands Corp’s Marina Bay Sands casino resort (pictured) in Singapore could benefit in the near term from any potential displacement of...

8/28/2019

article Singapore studying responsible gambling measures adopted by foreign casino regulators
(Singapore) -- Casino patrons in Singapore could soon receive personalised alerts on the amount of time and money they have spent at a casino. This would be part of...

6/22/2019

article Former Dealer at Resorts World Sentosa Fined, Sentenced to Singapore Prison for Alleged Chip Theft
(Singapore) -- A Singapore judge Thursday sentenced Ding Zhipeng to about 10 months in prison and fined the ex-Resorts World Sentosa (RWS) dealer S$12,000 (US $8,856)...

6/17/2019

article Marina Bay Sands Seeks $8 Billion Loan, Plans Expansion Of Singapore Casino
(Singapore) -- Marina Bay Sands (MBS) is looking to raise $8 billion to fund its casino expansion plan of the existing property in Singapore. Marina Bay is a subsidiary...

5/31/2019

article Three Lessons Japan And Macau Can Learn From Singapore's Casino Oversight
(Singapore) -- Singapore remains Asia’s gold standard for integrated resort development. As Japan fine tunes its approach to IR regulation and Macau contemplates...

5/11/2019

article Roadshows to advocate responsible gambling
(Singapore) -- To advocate responsible gambling, a series of educational roadshows will be held across 24 venues over the next fortnight as part of Responsible Gambling...

5/6/2019

article Few Singapore casino crimes linked to syndicates: govt
(Singapore) -- Singapore has since 2010 – the year its two casino resorts opened – seen “very few” casino-related crimes that have links to...
article Singapore earned $1.3b from casino entrance fees since 2010
(Singapore) -- The proceeds will be used to fund social and community programmes. Bloomberg reported that Singapore has received about $1.3b in casino entrance fees paid...
article Singapore Fills Coffers With Nearly $1 Billion on Casino Visits
(Singapore) -- Higher entrance levies haven’t stopped rich Singaporeans or those just feeling lucky from flocking to the country’s only two casinos. The city...

5/5/2019

article S$1.3 billion in casino entry fees paid by Singaporeans, PRs since 2010
(Singapore) -- Around S$1.3 billion in casino entry fees were paid by Singapore citizens and permanent residents (PRs) between 2010 and 2018, said Second Minister for...

4/20/2019

article Casinos: Time to up your ante – no more jaded musicals or non-marquee stars, please
(Singapore) -- Moshe Safdie is a busy man indeed. After designing Changi Airport’s Jewel terminal, the world-renowned Israeli-Canadian architect who was also...

4/16/2019

article Singapore Growth is announced by casino company Las Vegas Sands
(Singapore) -- Casino company Las Vegas Sands announced Wednesday it intends to invest $3.3 billion to bring an entertainment stadium, new hotel tower and also much more...
article Fourth Marina Bay Sands Tower Will Not Offer Gambling
(Singapore) -- The Marina Bay Sands resort casino recently announced that plans are underway for a fourth tower to be added to the Singapore skyline’s signature...

4/11/2019

article Limiting casino visits won't curb addiction: Counsellors
(Singapore) -- The National Council on Problem Gambling (NCPG) has imposed a cap on over 5,000 people to limit the number of times they can visit the casinos here a...
article More people limit number of times they can visit the casino in a month
(Singapore) -- A total of 5,035 people have been issued a third-party visit limit as at the end of last year - about 14 times more than the 354 people given the visit...

4/9/2019

article COHEN: Singapore Makes Casinos An Offer They Can't Refuse
(Singapore) -- Singapore’s two casinos came out of the gate strong in 2010 with estimated gross gaming revenue of US$6 billion. The city appeared poised to join...

4/8/2019

article To bet or not to bet: Does an uncertain future make Singaporeans prone to gambling?
(Singapore) -- Despite the decrease in casino levies which indicates that gambling may have lost its appeal for many Singaporeans, more and more people are seeking help...

4/7/2019

article More Singaporeans seek help for gambling even as casino levies drop
(Singapore) -- More people are seeking help for their gambling problems, even as fewer Singaporeans and permanent residents (PRs) visit the casinos of the two integrated...
article Singapore Casinos Set for a $6.7 Billion Cash Injection
(Singapore) -- Genting Singapore Ltd. and Las Vegas Sands Corp.’s pledges to put S$9 billion ($6.7 billion) into tourist attractions in Singapore to keep their...

4/5/2019

article Casino company Las Vegas Sands Declares Singapore Growth
(Singapore) -- Casino business Las Vegas Sands announced Wednesday it intends to invest $3.3 billion to add an entertainment stadium, new hotel tower and also more...

4/4/2019

article Wave of Downgrades for Genting Singapore After Casino Tax Hikes
(Singapore) -- Genting Singapore Ltd.’s stock slumped the most in almost four years after a flurry of analysts downgrades, amid the city-state’s plan to...

4/3/2019

article Casino entry fees for Singaporeans, PRs to rise by 50%
(Singapore) -- Singaporeans and Singapore permanent residents (PRs) will have to pay 50 per cent more to enter the casinos at the two local integrated resorts (IRs) from...
article Casino entry levies for Singaporeans and PRs to rise by 50%
(Singapore) -- The casino entry levies for Singaporeans and permanent residents visiting the two integrated resorts (IRs) will increase by 50 per cent and take effect at...
article Getting Into Casinos Just Got More Expensive For Singapore Citizens
(Singapore) -- In a joint statement, the Ministry of Trade and Industry, Ministry of Finance, Ministry of Home Affairs (MHA) and Ministry of Social and Family...
article Integrated resorts to build new world-class attractions, exclusivity period extended to 2030; entry levies to go up from Thursday
(Singapore) -- The operators of the two integrated resorts (IR) will pump in $9 billion to build world-class attractions, which will include a fourth tower to the iconic...
article Singapore Increases Daily Casino Entry Levies for Its Citizens by 50%
(Singapore) -- In an attempt to curb the negative impacts of problem gambling on the local population, the Government of Singapore has decided to increase the daily...
article Casinos could use technology that lets gamblers set budget, tells them when to stop
(Singapore) -- Apart from increasing the casino entry levies for Singaporeans and permanent residents (PRs), the authorities are also looking at implementing other...

3/21/2019

article MBS growth opportunity is overseas visitors: LVS exec
(Singapore) -- Revenue growth at Singapore casino resort Marina Bay Sands (MBS) depends on the property’s ability to attract more visitors from outside the city-...

2/26/2019

article Marina Bay Sands is the World’s Most Profitable Casino But It’s Probably Past Its Best: Analyst
(Singapore) -- Analysis from the Motley Fool this week suggests that the best days of LVS Corp’s Marina Bay Sands, Singapore, may be behind it.

11/15/2018

article Record $7.4b spent on sports bets, lotteries
(Singapore) -- A record $7.4 billion was wagered on lotteries, such as 4-D and Toto, and sports bets in the Tote Board's last financial year, the highest sum in...

11/10/2018

article Singapore Visitors Go Up, Benefit Casinos
(Singapore) -- The gambling industry across Asia continues to develop. One of the main drivers has been tourism. Macau is one of the main hubs to place a wager in the...

9/12/2018

article Warning signs: Are Singapore’s casinos in trouble?
(Singapore) -- The Marina Bay Sands casino has become an iconic mainstay of the Singapore skyline. Moshe Safdie’s 57-story structure is an architectural sensation...

9/11/2018

article Soft gaming revenues push casino operators to place their bets on Japan
(Singapore) -- Visitors spent $1.5b on gambling and entertainment in Singapore, but this proves to be small compared to casino companies' potential income from Japan...

9/3/2018

article How famously uptight Singapore became a playground for Asia's 'crazy rich'
(Singapore) -- While movie audiences worldwide relish the million-dollar earrings and private jets of “Crazy Rich Asians,” Singaporeans would like you to...

8/28/2018

article Singapore Visitors Spend Nearly S$1.5 Billion on Gambling, Sightseeing, and Entertainment
(Singapore) -- Tourism spending on sightseeing, entertainment, and gambling in Singapore increased 6% during the first quarter of the year to S$1.498 billion (...

8/6/2018

article Singapore visitor tally up 8 percent in first half
(Singapore) -- The number of visitors to Singapore rose 7.6 percent in the first six months of 2018, to nearly 9.2 million, according to data issued by the Singapore...

8/5/2018

article Genting Singapore sees profits rise, revenue fall
(Singapore) -- Genting Singapore recently released its profit report for the second quarter of 2018 and showed a substantial gain over the same period last year. Whereas...

6/11/2018

article I stayed at the $6.6 billion mega-hotel Kim Jong Un visited in Singapore, and was honestly kind of disappointed
(Singapore) -- Before getting down to business for Tuesday's summit, North Korean leader Kim Jong Un has been touring some of Singapore's most luxurious tourist...
article Kim Jong-un hits Singapore casino after surprise walkabout ahead of historic summit
(Singapore) -- Kim Jong-un has been spotted arriving at a casino housed in a luxury hotel after his surprise midnight walkabout in Singapore. Photographers captured the...

6/8/2018

article Online gambling agent first conviction under Singapore’s organized crime act
(Singapore) -- An illegal gambling agent has won the dubious honor of becoming the first person convicted under Singapore’s Organized Crime Act (OCA). On Friday,...

5/28/2018

article Can Singapore casinos finally hold their ground against Macau?
(Singapore) -- The city’s two gambling resorts have been performing strongly, pressuring operators to sustain the upward trend. Although Singapore’s gaming...

5/10/2018

article GEN Singapore 1Q profit up 20pct, beats market consensus
(Singapore) -- Casino operator Genting Singapore Plc reported a net profit of nearly SGD217.2 million (US$162.3 million) for the first quarter of 2018, a 19.9-percent...

5/2/2018

article Clubs pulling plug on jackpot machines in clampdown on problem gambling
(Singapore) -- There are fewer jackpot machines in Singapore and fewer clubs operating them, as the authorities continue to tighten regulations to curb problem gambling...

4/27/2018

article It’s a royal flush at Marina Bay Sands
(Singapore) -- FROM a purely academic standpoint, legalised gambling began in the United States out of a desire to bring a little more decorum to poker than the non-...

4/20/2018

article Singapore Needs Greater Consolidation of Casino Regulators, Says Josephine Teo
(Singapore) -- Josephine Teo, the Second Minister for Manpower and Home Affairs of Singapore, said that greater consolidation of the functions of casino regulatory...
article ‘Complex’ gaming landscape needs regulatory consolidation, Singapore minister says
(Singapore) -- In the ever changing gaming landscape, Singaporean Second Minister for Manpower and Home Affairs Josephine Teo says it pays to be smarter than the...

3/26/2018

article No increase in gambling addiction after casinos opened
(Singapore) -- The setting up of the two casinos here in 2010 did not lead to more Singaporeans getting hooked on gambling, as many had feared before they opened at...

3/25/2018

article Gambling participation rate up in Singapore: Survey
(Singapore) -- The proportion of people in Singapore who gambled last year has gone up from three years ago, reversing a decline over the last decade, according to a...

1/2/2018

article Part of ceiling board at RWS casino falls, injuring 4
(Singapore) -- Part of a ceiling board at the casino in Resorts World Sentosa (RWS) collapsed yesterday morning, injuring three renovation workers and one security...

11/25/2017

article Has gambling hit a record high in Singapore?
(Singapore) -- I refer to the article “Casino levies fall to lowest level since 2010”. It states that “Casino levies paid by Singaporeans and permanent...

11/23/2017

article Casino levies at their lowest level since opening of two casinos here in 2010
(Singapore) -- Casino levies paid by Singaporeans and permanent residents (PR) here are at their lowest level since the casinos at Resorts World Sentosa and Marina Bay...
article Singapore’s local residents losing interest in casinos
(Singapore) -- Singapore’s casino gamblers appear to be losing interest in the city-state’s two integrated resorts, if the latest stats on casino entry...

10/5/2017

article Singapore casino op fines down 61 pct fiscal 2016: CRA
(Singapore) -- Aggregate fines levied on Singapore’s two gaming resort operators by the city-state’s casino regulator showed a 60.5 percent decline in...

10/4/2017

article Court dismisses appeals of trio who took $875k from casino
(Singapore) -- The High Court dismissed the appeals of three foreigners who were convicted and jailed for misappropriating $875,133 from the Marina Bay Sands' casino.
article Genting Hong Kong exits Singapore bourse
(Singapore) -- Casino operator Genting Hong Kong is exiting the Singapore Stock Exchange as the holding company consolidates trading in order to tap potential Chinese...

7/30/2017

article Commentary: The irresistible lure of the jackpot room and problem gambling among the elderly
(Singapore) -- The recent move by the Ministry of Home Affairs to tighten restrictions on clubs operating jackpot rooms has resulted in wide-ranging public discussions...

7/20/2017

article Singapore in sweeping changes to slot club rules
(Singapore) -- The Singapore government is to introduce stricter rules about the availability and use of slot machines in the city-state’s social clubs.

7/19/2017

article Tighter regulations for clubs with jackpot machines to guard against problem gambling
(Singapore) -- Clubs with jackpot machines will soon face tighter regulations as part of moves to protect patrons from the harms of gambling, said the Ministry of Home...

7/11/2017

article Ex-MBS dealer jailed for dropping casino chips down the back of his shirt
(Singapore) -- A dealer who misappropriated thousands of dollars worth of casino chips at the Marina Bay Sands (MBS) casino was sentenced to nine months in jail...

7/10/2017

article Ex-MBS dealer jailed for misappropriating $34k worth of casino chips
(Singapore) -- A dealer who misappropriated $34,000 worth of casino chips at Marina Bay Sands (MBS) casino was sentenced to nine months' jail on Tuesday (July 11)....

6/9/2017

article Jailed: Man behind Singapore’s biggest counterfeit casino chip scam
(Singapore) -- For cheating the Marina Bay Sands casino of more than a million dollars, Toh Hock Thiam was jailed seven years and four months on Wednesday (June 7). The...

6/4/2017

article Why Singapore's casinos can't collect from the high rollers of China
(Singapore) -- Former Olympic gold medallist Kong Linghui is being sued in Hong Kong by the Marina Bay Sands resort in Singapore over his HK$2.55 million (US$329,000)...

6/1/2017

article Singapore Casinos Finding It Hard To Attract Chinese VIP Gamblers And Recover Debts
(Singapore) -- Just about every casino operator in the world looks to target the lucrative VIP gambling market segment in Mainland China as these high-rollers are known...
article Why Singapore casinos can't collect from China's high rollers
(Singapore) -- Former Olympic gold medallist Kong Linghui is being sued in Hong Kong by the Marina Bay Sands resort in Singapore over his HK$2.55 million (US$329,000)...

4/12/2017

article Student colluded with MBS dealer for extra chips
(Singapore) -- A Chinese national who colluded with a casino dealer to pay him extra cash chips while playing at the casino tables was jailed for 15 weeks yesterday.

4/11/2017

article Student jailed for colluding with dealer to cheat MBS' casino of $19,700
(Singapore) -- The third and final man involved in a scam to cheat Marina Bay Sands' (MBS') casino was jailed for 15 weeks on Wednesday (April 12).

2/5/2017

article Singapore - Fitch predicts no growth in revenues
(Singapore) -- International credit debt watcher Fitch Ratings predicts that casino revenues in Singapore will remain stable this year, devoid of growth, at...

2/3/2017

article Singapore casinos to have a “roughly flat” 2017 revenues – Fitch
(Singapore) -- “Weak” VIP segment will continue to plague the Singapore casino market this year, according to international credit debt watcher Fitch Ratings...

1/12/2017

article Man fined for using someone else's IC to enter casino
(Singapore) -- A 46-year-old man who tried to enter the Marina Bay Sands casino with someone else’s identity card (IC) was fined $5,000 on Thursday (12 January).

1/5/2017

article Crackdown on Capital Flight to Impact Singapore Casinos
(Singapore) -- China is now involved in a fight to eliminate the loopholes of a system that is responsible for the disappearance of huge amounts of cash from its...

12/31/2016

article Marina Bay Sands policy on China UnionPay cards angers Beijing
(Singapore) -- In Singapore, a voucher system that sees mainland Chinese gamblers at the Marina Bay Sands permitted to use their China UnionPay bank cards to purchase...

12/30/2016

article Singapore casinos at risk of Beijing crackdown over capital flight through potential misuse of UnionPay network
(Singapore) -- Beijing's crackdown on capital flight could be about to extend to Singapore amid concerns that large sums of money may have been funneled out of the...

12/27/2016

article 80% of complaints about spam involve online gambling, loans
(Singapore) -- The mobile phone beeps and the text message is from somebody offering an unsolicited loan or an invitation to gamble online. Perhaps, like youth worker...

12/21/2016

article Beware the slippery slope of online gambling
(Singapore) -- EVERY week, I receive e-mail from local gaming company Singapore Pools that highlights some of the football matches that will be played around the world...

12/19/2016

article Why Singapore is seen as the model for Japan’s casino gamble
(Singapore) -- Despite being one of the world’s top casino gambling destinations, Singapore is a mere shadow of Macau or Las Vegas, with its only two casinos...

12/14/2016

article New online betting rules will worsen gambling addiction: poll
(Singapore) -- More than three in four Singaporeans believe the government’s decision to allow Singapore Pools and Singapore Turf Club (STC) to offer online...

12/12/2016

article Singapore casinos are so 2015 as tourists go shopping instead
(Singapore) -- Singapore’s casinos are so 2015. After luring tourists for half a decade, they’re now losing out to the mall.Shopping has overtaken gambling...

11/30/2016

article More than 30 arrested in Singapore for illegal online betting sites
(Singapore) -- Thirty-three suspects have been arrested in Singapore for their alleged involvement in an organised criminal group (OCG) that provides illegal remote...

11/15/2016

article As casino exclusion orders rise, families urged to watch out for gambling addiction
(Singapore) -- The number of Singaporeans and permanent residents barring themselves from the nation’s two casinos has risen nearly 18 per cent from 12 months ago...

11/7/2016

article Heated exchange on bid to allow limited online gambling
(Singapore) -- Workers' Party MP Pritam Singh yesterday accused the Government of allowing lottery operators Singapore Pools and Singapore Turf Club to offer legal...

11/6/2016

article It Changed My Life: Ex-convict helps others stay out of trouble
(Singapore) -- Sunny Swee is sitting in the corner of a coffee shop in Bukit Batok Central, regaling me with the story of his life. He speaks quietly, his even voice at...

11/5/2016

article 2 sisters sentenced to jail for fake casino chip scam
(Singapore) -- Two more runners of a transnational fake casino chip syndicate were given jail sentences on Friday (Nov 4) for abetment in a conspiracy to use as genuine...

11/4/2016

article Two sisters sentenced to jail for fake casino chip scam
(Singapore) -- Two more runners of a transnational fake casino chip syndicate were given jail sentences on Friday (Nov 4) for abetment in a conspiracy to use as genuine...

11/2/2016

article No fanfare as Singapore Pools kicks off multi-million-dollar online betting services
(Singapore) -- Singapore Pools has become the first operator to offer legalised online betting services in the city-state. But one week after its launch on Oct 25, it...

10/26/2016

article Online betting officially launched in Singapore amid conservative criticism
(Singapore) -- Once considered a traditionally conservative Asian city-state, Singapore is expanding its wagering operations, paving for a gambling footprint on a global...

10/22/2016

article The next gamble
(Singapore) -- The island nation is about to do something rather unprecedented — it is going to relax a ban, specifically the ban on online gambling. That’s...

10/16/2016

article Legalising online betting defeatist, and could lead to rise in problem gambling
(Singapore) -- Designating Singapore Pools and Singapore Turf Club as exempt operators under the Remote Gambling Act is analogous to allowing e-cigarettes. It is a...

10/15/2016

article PERGAS expresses concern over negative effects of online gambling
(Singapore) -- The Singapore Islamic Scholars and Religious Teachers Association (PERGAS) has expressed concern over the negative effect online gambling will have on...

10/14/2016

article Online gambling 'an extremely worrying trend': Office of the Mufti
(Singapore) -- Muslims in Singapore were reminded on Friday (Oct 14) that online gambling is an "extremely worrying trend" and that it has the potential to not...

10/13/2016

article Strict Singapore Exempts Blocks to Two Operators
(Singapore) -- Singapore’s stringent government has acquiesced to a limited form of regulation. The Ministry of Home Affairs has exempted state-linked Singapore...

10/12/2016

article The conundrum of online gambling
(Singapore) -- It has now become a comic opera with the introduction of the Remote Gambling Act (RGA) to curb online gambling and the PAP flummoxing act of granting...

10/11/2016

article MPs were not allowed to ask questions about online gambling in Parliament
(Singapore) -- Writing in his Facebook, Workers’ Party Assistant Secretary-General Pritam Singh said that yesterday (10 Oct) many MPs wanted to ask questions about...
article Singapore prelate concerned about online gambling
(Singapore) -- The archbishop of Singapore has expressed concerned about the effects of a recent government decision to permit online gambling. After reviewing the...

10/10/2016

article Govt doesn't encourage online gambling, but ‘recognises reality’ of it growing: Tan Chuan-Jin
(Singapore) -- The Government’s position on online gambling is “not to encourage it”, but to “recognise a reality” that there are...
article Punters find ways to bet online despite ban
(Singapore) -- Despite a ban on remote gambling, determined gamblers still found ways to place bets online. Hence, allowing some form of legal online betting, but in a...

10/6/2016

article Asia Minute: Singapore’s Online Gamble
(Singapore) -- Hawai‘i and Utah are the two most restrictive states when it comes to gambling—banning all forms of it. They are among a handful of states...

10/5/2016

article National Council of Churches 'deeply concerned' over legalisation of online gambling
(Singapore) -- The National Council of Churches (NCCS) said on Wednesday (Oct 5) that it is "deeply concerned" with the legalisation of online gambling, after...
article Review decision to allow online gambling: NCCS
(Singapore) -- The National Council of Churches Singapore (NCCS) has called for a review of a recent decision to allow two lottery operators here to offer online betting...

10/4/2016

article Online betting makes a comeback after Singaporean gambling sites given licenses
(Singapore) -- ONLINE betting will be allowed again in Singapore after two online gambling sites were granted an exemption from the Remote Gambling Act, which outlaws...
article Why Singapore's casino whales remain at sea
(Singapore) -- Singaporean IRs' VIP revenue massively dropped 39% since 2014. In any casino, it’s the slot machines for punters and the VIP gaming rooms for...

10/3/2016

article Ex-casino croupier jailed for CBT of cash chips worth $118k and cheating
(Singapore) -- Unhappy with the way management had dealt with two particular incidents in the course of his work, a Marina Bay Sands casino dealer decided to take...
article Online gambling: Let families request that their members be excluded
(Singapore) -- Two operators will soon be offering online gambling, having been granted certificates to do so, and the Government has given this move its due...

9/30/2016

article Online betting here soon with safeguards
(Singapore) -- Online betting will be introduced in Singapore over the next two months after Singapore-based lottery operators Singapore Pools and the Singapore Turf...

9/29/2016

article Singapore eases online gambling ban
(Singapore) -- Singapore will allow limited online betting in tightly controlled conditions, the government said Thursday, as it eases a sweeping law banning remote...

9/27/2016

article Petition to stop legalisation of online gambling in S’pore tops 10,000 signatures
(Singapore) -- An online petition demanding a halt to the legalisation of online gambling in Singapore has gathered more than 10,000 signatures in less than two weeks.

9/19/2016

article Legal online betting may be available soon
(Singapore) -- Punters may be allowed to place their bets online legally as early as the second half of next month - in a move that appears aimed at trying to counter...

9/1/2016

article MBS croupier cheats casino of more than $138,000
(Singapore) -- Unhappy with his former employer, Marina Bay Sands (MBS) casino, the croupier sought revenge by cheating it of more than $138,000. First, he snuck casino...

8/27/2016

article Jail term increased for duo who stole casino chips with double-sided tape
(Singapore) -- Using a simple trick of sticking double-sided adhesive tape on their palms, a trio from China stole $100,225 worth of chips from more than 60 patrons at...
article Singapore: Chinese duo caught ‘sticky-handed’ with casino chips worth over $100k
(Singapore) -- TWO Chinese nationals have been sentenced to jail for two years after they were nabbed for stealing chips worth over $100,000 from patrons at two...

7/31/2016

article Singapore regulator urges global effort on casino crime
(Singapore) -- Casino regulators need to work together to address the challenges of a fast-changing casino sector and the wide-ranging threats to the integrity of the...

7/29/2016

article Resorts World Sentosa ‘discriminatory’ layoffs prompt government probe
(Singapore) -- Singapore’s Ministry of Manpower (MOM) has launched an investigation over the recent casino job cuts at the Resorts World Sentosa (RWS). Resorts...

6/22/2016

article South Korean Casino project receives additional investment from Genting Singapore
(Singapore) -- South Korea’s casino industry has benefited from the downturn in Macau’s casino industry and a number of gambling operators across the world...

6/21/2016

article Singapore Casino Sector Begins Recovery, Say Analysts
(Singapore) -- It’s not just Macau’s casino industry that has been hit hard by Beijing’s anti-corruption drive. Asia’s second-biggest casino...
article Singapore’s casinos shift bets to mass-market gamblers
(Singapore) -- The newly opened restaurant at Singapore’s Resorts World, the complex best known for its 15,000 sq m casino, is billed as Asia’s first...
article Genting Singapore pumps more investment in S.Korea casino project
(Singapore) -- Genting Singapore Plc., operator of the Resorts World Sentosa casino resort in Singapore, is pumping more money into its South Korea casino project.

6/9/2016

article Resorts World Sentosa sacks 375 staff as China crackdown, VIP debt toll mounts
(Singapore) -- One of Singapore’s two integrated resorts has cut nearly 400 casino jobs as China’s corruption crackdown take a bite out of gaming revenue.
article RWS lets go of 400 staff as casino sees fewer visitors
(Singapore) -- Resorts World Sentosa (RWS) is cutting its casino headcount and letting go of close to 400 employees as it struggles against unprecedented headwinds from...

5/30/2016

article Singapore Pools still waiting for nod on online betting
(Singapore) -- Lottery operator Singapore Pools has yet to gain approval to run its first online betting website, with less than two weeks to the start of Euro 2016. A...

5/25/2016

article Macau casino tycoon Stanley Ho buys Cuscaden bungalow from descendants of Tan Tock Seng for $145m
(Singapore) -- Shun Tak Holdings, a company founded by gambling billionaire Stanley Ho, has made its first foray into the Singapore property market.

5/23/2016

article Are the chips down for Singapore's two casinos?
(Singapore) -- In 2010, Singapore’s two casino resorts opened to great fanfare and massive success, but the city-state’s gaming market is facing...

5/17/2016

article Accused Marina Bay Sands casino cheater beats the rap by (allegedly) dying
(Singapore) -- The alleged mastermind behind a plot to cheat Singapore’s Marina Bay Sands casino out of $1.4m can’t properly defend himself against his...
article Alleged mastermind of $1.4m casino fraud dead, court told
(Singapore) -- A Laotian businessman who was facing a joint charge of colluding with 13 others to cheat the casino at Marina Bay Sands (MBS) has died, a court heard...

5/10/2016

article Five foreigners charged with recording gaming machines at casinos with mobile phones
(Singapore) -- Five foreigners who allegedly used their mobile phones to record gaming machines at the casinos in Singapore were on Tuesday (May 10) charged with an...
article Singapore tourist numbers boosted by casinos
(Singapore) -- The number of tourists making Singapore their end destination in 2016 is expected to increase by up to 8% year-on-year to 16.5 million thanks in part to...

5/5/2016

article Singapore Is Unlikely Tourist Hotspot as Casinos Draw Chinese
(Singapore) -- Singapore is no longer just a stop-over point for tourists catching connecting flights to beaches in Thailand and Bali. More travelers are making the city...

3/20/2016

article Korea has potential to top Singapore in MICE
(Singapore) -- South Korea has the potential to become the world's top MICE (meeting, incentive tour, convention and exhibition) destination once it upgrades its...

3/10/2016

article New roll of the dice for the casino industry
(Singapore) -- Asia's casino industry has gone through two years of turmoil, exacerbated by slowing global growth and a massive crackdown on corruption in China that...
article Duo in ‘movie-like’ heist in Pasir Panjang jaileed 4.5 years each
(Singapore) -- On a holiday here after travelling in Thailand and Malaysia, Ngo Quang Phuoc and Nguyen Van Nhat, both Vietnamese nationals, took the time to visit local...
article Tourist duo jailed for $500k office burglary
(Singapore) -- After gambling away their cash at the Marina Bay Sands (MBS) casino, two Vietnamese tourists came up with a plot to recoup their losses that some would...

2/28/2016

article Casino regulatory regime that is a model for others
(Singapore) -- When Mr Richard Magnus (photo) retired in March last year as chairman of the Casino Regulatory Authority after seven years in office, he left a robust...

2/19/2016

article Resorts World Sentosa lays off casino employees
(Singapore) -- During the period of Chinese New Year, Resorts World Sentosa decided to lay off as many as 30 employees. In Singapore, the casino decided to cut several...

1/30/2016

article Singapore casino exclusion orders rise
(Singapore) -- The number of individuals excluded from entering Singapore’s two casinos rose 15% in 2015. According to the city-state’s National Council on...

1/29/2016

article MBS adjusted earnings for Q4 down 35 per cent
(Singapore) -- Marina Bay Sands (MBS) earnings for the fourth quarter of 2015 have fallen almost 35 per cent to US$338.2 million from a year ago.

1/3/2016

article Boss of fake casino chip syndicate arrested in Singapore
(Singapore) -- On Saturday a 54-year-old man from Singapore was charged with possession and use of counterfeit casino chips. Toh Hock Thiam was arrested on December 31...

1/2/2016

article Fake casino chip boss charged in Singapore
(Singapore) -- A 54-year-old Singaporean man was charged in court on Saturday over the possession and use of counterfeit casino chips. Toh Hock Thiam, believed to be the...

1/1/2016

article Suspected syndicate leader for fake casino chips arrested
(Singapore) -- A 54-year-old man believed to be responsible for counterfeit casino chips in Singapore has been arrested. The alleged syndicate leader, a Singaporean, was...

12/28/2015

article Decline in casino revenue expected for Singapore in 2016
(Singapore) -- The attention of investors has been focused on the reduction of casino revenues at a rapid rate in Macau for 2015, Singapore has also been affected by the...

12/26/2015

article Resorts World Sentosa and Marina Bay Sands patrons not so lucky; 6 arrested for cheating them
(Singapore) -- On Thursday two women and four men, all Chinese nationals, were charged with cheating casino patrons at the Marina Bay Sands, developed by the Las Vegas...

12/24/2015

article 6 charged for allegedly cheating RWS and MBS casino patrons
(Singapore) -- Four men and two women have been charged on Thursday (Dec 24) for their alleged involvement in a syndicate which cheated patrons at casinos. The four men...

12/16/2015

article RWS visitors up but their daily spending down: Daiwa
(Singapore) -- Visitor arrivals to Resorts World Sentosa, a Singapore casino resort operated by Genting Singapore Plc, rose by almost 20 percent year-on-year in the...

12/8/2015

article Singapore casino earnings outlook stable: Fitch
(Singapore) -- The outlook for the local casino gaming sector is stable despite slowing economic growth and fewer tourist arrivals, said rating agency Fitch Ratings...

12/6/2015

article Specifics of re-arrest of world’s biggest gambling crook still unknown
(Singapore) -- Just a week after being released from a 2013 arrest, 51-year-old Singapore businessman, Dan Tan, also known as Tan Seet Eng, was arrested again by police...

11/22/2015

article Alcohol, gambling problems tackled in the heartlands
(Singapore) -- Mental health professionals have gone into the community and the heartlands to make addiction treatment more accessible, and one recent initiative...
article Changing face of addiction
(Singapore) -- More people here are seeking help to kick their addictions. According to Singapore's largest treatment centre, the National Addictions Management...

10/24/2015

article Proposal to build casino on island off Changi
(Singapore) -- Build a casino on an isle off Singapore? This had been proposed by the Tourist Promotion Board decades before the integrated resorts made their debut here.

9/23/2015

article Singapore – the Casino Industry Innovator
(Singapore) -- Singapore is an island city-state located in the southeastern part of Asia. Its territory is comprised of a main island (the Singapore Island) and over 60...

9/22/2015

article Former RWS director charged with corruption
(Singapore) -- Soh Yew Meng, 36, was charged with seven counts of corruptly obtaining, or corruptly attempting to obtain gratification, at least S$317,000 from six...

9/16/2015

article Two Singapore casino dealers jailed for colluding with poker player
(Singapore) -- Two Resorts World Sentosa (RWS) casino dealers were jailed on Wednesday after they were caught colluding with a patron to cheat at poker. Chinese national...

9/7/2015

article Singapore gaming ‘stable’ despite macro pressures: Fitch
(Singapore) -- The outlook for the gaming industry in the Republic continues to be stable despite declining visitor arrivals, lower win rates and a shrinking VIP...

9/6/2015

article GE2015: WP like a gambling ship that goes nowhere, says ESM Goh Chok Tong
(Singapore) -- Noting that many Aljunied GRC residents seem to be in a dilemma about who to vote for, Emeritus Senior Minister Goh Chok Tong urged voters to do so...

8/22/2015

article MBS sues Canadian over $11m debt
(Singapore) -- A Canadian gambler being pursued by Marina Bay Sands (MBS) over an $11 million debt has been ticked off by a court in his home country for trying to have...

8/18/2015

article Indian migrant labourers visiting Singapore's casinos are causing disquiet
(Singapore) -- In 2010, when the city-state lifted a ban on gambling and exempted foreigners from the hefty entrance fee that citizens must pay, it probably expected to...

8/16/2015

article Casino levy paid under false ID still valid
(Singapore) -- A person is considered to have paid the $100 levy to enter a casino even if the payment had been made under a false identity, the High Court has decided.

8/13/2015

article Genting Singapore’s Q2 profit slumps more than 90%
(Singapore) -- Genting Singapore, which runs the Resort World Sentosa integrated resort with casino, reported today (August 13) that second-quarter profit fell more than...

8/11/2015

article 4 weeks’ jail for man who attempted to cheat at MBS Casino
(Singapore) -- A 23-year-old man was on Tuesday (Aug 11) sentenced to four weeks’ jail for cheating at play at Marina Bay Sands (MBS) Casino on Jul 31, 2015. Lin...

8/4/2015

article The Singapore Way: Very Rich and Living With Mom
(Singapore) -- Everyone knows Singapore is an expensive country that's transforming itself into a smart city. Here are five less-known facts about the island nation...

7/31/2015

article Skip the queue for Toto and 4-D bets?
(Singapore) -- Punters could soon save themselves the hassle of queueing to place Toto and 4-D bets over the Singapore Pools counter. The lottery operator is looking...

7/22/2015

article Why tourists are avoiding Singapore
(Singapore) -- Despite being ranked Lonely Planet’s top destination for 2015, Singapore is having trouble attracting more tourists this year. Marina Bay Sands, the...

7/13/2015

article Problem gambling: 60% more cases seen in last 3 years
(Singapore) -- The Thye Hua Kwan Problem Gambling Recovery Centre and the National Addictions Management Service (NAMS) at the Institute of Mental Health saw 1,000 more...

7/7/2015

article Legal online betting in Singapore could kick off next June
(Singapore) -- Legal online betting in Singapore could kick off in time for next June's Euro 2016 football championships. Lottery operators Singapore Pools and the...

7/4/2015

article Sands signals renewed interest in Thailand casino resort
(Singapore) -- Las Vegas Sands said Thursday that Marina Bay Sands Pte Ltd, Singapore is interested in running a casino and convention complex in Thailand.

7/3/2015

article LVS unit eyes casino investment in Thailand: report
(Singapore) -- Marina Bay Sands Pte Ltd, developer and operator of Marina Bay Sands (pictured) casino resort in Singapore, is interested in running a casino and...
article Marina Bay Sands to Invest in Thailand Casino
(Singapore) -- Marina Bay Sands Pte Ltd., the company that operates Marina Bay Sands, one of Singapore’s flagship integrated resorts, has expressed interest in...

6/27/2015

article DPP appeals against man's casino offence acquittal
(Singapore) -- Is a person considered to have paid the $100 levy to enter a casino if the payment was made under someone else's name? The question is being...

5/25/2015

article Singapore casinos continue to thrive in spite of low VIP numbers from China
(Singapore) -- Macau’s casinos made over fifty percent of their revenue from VIP and high stake gamblers who came in from Mainland China. When Beijing decided to...

5/23/2015

article Strong start for Genting Hotel Jurong
(Singapore) -- Genting Hotel Jurong has opened for only a few weeks but the strong reception so far has taken some analysts by surprise, raising hopes of a spillover to...

5/22/2015

article Singapore casinos on a roll despite fall in Chinese high rollers
(Singapore) -- Chinese high-stakes gamblers may be shying away from Singapore but its two casinos are still profitable, owing to steady mass gaming growth, Hong Kong and...

5/15/2015

article Singapore firm seeks $1.2 billion casino resort in Myanmar
(Singapore) -- On May 13th 2015, it was reported in the Myanmar Times that the Singapore firm, Zochwell Group Pte Ltd is on the way to signing a contract for the...

5/6/2015

article Casinos need to be part of resorts to attract high rollers: Consultant
(Singapore) -- Although Macau, and now Singapore, have been able to lift their economies with casinos, their strategies show that casinos alone are not enough to make...

5/4/2015

article 11 nabbed for allegedly providing remote gambling services
(Singapore) -- In the first crackdown on a remote gambling syndicate since new laws took effect in February, the police have arrested nine men and two women aged 26 to...

4/27/2015

article How Marina Bay Sands Transformed the Singapore Skyline and Global Gaming Landscape
(Singapore) -- Five years after its opening on April 27, 2010, Marina Bay Sands remains the integrated resort every government official wants to bring to their hometown...

4/16/2015

article Singapore gambling agent detained in Jakarta
(Jakarta) -- Police have arrested Samuel Hiantono, an agent for online Singapore gambling, known as Togel Singapore, at his Kalideres residence in West Jakarta on...

4/8/2015

article Singapore’s Casinos Made a Mistake: Cutting Out the Junkets
(Singapore) -- Singapore wanted nothing to do with the often questionable gaming middlemen who proliferate in Macau. The gambling houses in Macau get around China’...

4/4/2015

article Gamblers starting at younger age
(Singapore) -- A recent survey on problem gambling revealed that gamblers are starting at a younger age. But experts Channel NewsAsia spoke with said these youths are...

3/26/2015

article In his own words: IRs needed for S'pore to keep abreast of the top cities
(Singapore) -- In the debate over whether to bring in the integrated resorts and casinos to Singapore, Mr Lee stood up to state that he was against gambling. He had...

3/15/2015

article Gambling on the high seas
(Singapore) -- It is a weekday afternoon and the Lido casino is packed with at least 500 people. There is hardly a seat available for those who also want to gamble.

3/14/2015

article Floating casino draws Singaporeans who loath to pay $100 levy at home
(Singapore) -- It is a weekday afternoon and the Lido casino is packed with at least 500 people. There is hardly a seat available for those who also want to gamble.

3/10/2015

article Don't lend money to gamblers
(Singapore) -- You're making things worse when you lend money to problem gamblers, especially when they try to quickly recoup their losses.

3/2/2015

article Politics Drive Singapore's Strict Casino Regulation; Junket Ban Limits Revenue
(Singapore) -- When Singapore’s integrated resort experiment began five years ago, casino gaming didn’t just come to one of the world’s most reputable...

2/24/2015

article Genting Singapore 4Q profit falls 30 pct
(Singapore) -- Genting Singapore Plc, the operator of Resorts World Sentosa casino resort (pictured), reported net profit of SGD118.9 million (US$87.3 million) for the...

2/17/2015

article A High-End Property Collapse in Singapore
(Singapore) -- Lamborghinis, Porsches and Bentleys fill the driveways of multimillion-dollar villas in Sentosa Cove. Yachts line the 400-berth marina nearby. Some houses...

2/9/2015

article Close to $8 billion a year spent on gaming
(Singapore) -- Singapore punters bet close to $8 billion a year on 4-D, Toto, horse racing, soccer and other games - more than the combined revenue of the two casinos.
article Concern over number of young gamblers
(Singapore) -- One started playing slot machine games on his cellphone when he was eight years old after overhearing his parents gushing about their weekend casino...

2/7/2015

article Fewer hardcore gamblers now, but they are starting younger
(Singapore) -- Hardcore gamblers will not bet on finding many more of their own kind now. That is because their proportion has plunged to just 0.7 per cent of the...

2/6/2015

article Singaporeans with gambling problem at 10-yr low: survey
(Singapore) -- The proportion of the total Singapore population identified as having problems with gambling has fallen to a 10-year low, reports Chinese news agency...

2/5/2015

article Problem gambling rates fall in Singapore
(Singapore) -- The overall problem gambling rate in Singapore has fallen from 2.6 per cent in 2011 to 0.7 per cent in 2014, according to the latest Gambling...

2/4/2015

article Singapore Blocks Hundreds Of Gambling Sites
(Singapore) -- Singapore, one of the top casino markets in the world, has blocked hundreds of offshore gambling sites catering to those within the country, the...
article Singapore’s Remote Gambling Act Goes Into Effect
(Singapore) -- February 2nd was the first day of the Remote Gambling Act passed in October of last year that led to the banning of online gambling in Singapore.

2/3/2015

article Singapore blocks access
(Singapore) -- Singapore has begun blocking access to overseas gambling websites after legislation imposing a sweeping ban on remote betting went into effect, the...

2/1/2015

article Singapore’s casino authority fines MBS, reprimands RWS
(Singapore) -- Singapore’s Casino Regulatory Authority (CRA) has fined the operator of Marina Bay Sands (MBS) and rebuked the operator of the city-state’s...

1/30/2015

article MDA clarifies: games will be safe from Remote Gambling Act
(Singapore) -- Singapore’s notorious Remote Gambling Act, the one that got everyone worried about the fate of the games industry in the little red dot, has finally...
article Online Gaming to be Prohibited in Singapore Starting Feb. 2
(Singapore) -- On Wednesday, Singapore's Ministry of Home Affairs (MHA) announced on its website that the feared Remote Gambling Act will begin its enforcement on...

1/28/2015

article Are Singapore’s casinos back in the game?
(Singapore) -- Singapore's casinos haven't lived up to their opening day fanfare, but the latest Marina Bay Sands results suggest analysts who wrote off growth...
article Will casino opt-in proposal work?
(Singapore) -- A SUGGESTION in Parliament last week to have Singaporeans automatically excluded from the casinos unless they opt in has drawn mixed views. Social workers...
article Singapore poised to block all roads to unlicensed gambling websites
(Singapore) -- From Monday, punters in Singapore will no longer be able to access a host of unlicensed online gambling sites. That is when the new remote gambling law,...
article Websites that promote remote gambling to be blocked
(Singapore) -- Websites offering or facilitating remote gambling services will be blocked under the new Remote Gambling Act which kicks in on Feb 2. The Media...
article New law won't hit social games like FarmVille
(Singapore) -- The new Remote Gambling Act, which outlaws remote gambling activities here, does not cover games so long as players cannot win cash prizes from them. The...

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