GGRAsia – Singapore

Singapore

Singapore’s 2016 tourist spend on gaming down 14pct

Jun 23, 2017 Newsdesk Latest News, Singapore, Top of the deck

Singapore saw 2016 visitor arrivals and tourism receipts hit record annual highs, despite a decline in tourist spending under the government’s heading of “sightseeing, entertainment and...

GEN Singapore banks on Japan locals in casinos: Nomura

Jun 08, 2017 Newsdesk Japan, Latest News, Singapore, Top of the deck

Casino operator Genting Singapore Plc “is not keen” to participate in a bid for a Japan gaming licence if locals are not allowed to use such casino gambling facilities. But if Japan did permit...

Junket biz adding liquidity to Macau market: Goldstein

Jun 02, 2017 Newsdesk Japan, Latest News, Macau, Singapore, Top of the deck

The junket business remains important to the Macau market and the recent growth in that segment is adding liquidity to the entire market, says a senior executive at Las Vegas Sands Corp. “We are...

GEN Singapore lacking growth opportunities: analyst

May 31, 2017 Newsdesk Latest News, Singapore, Top of the deck

Casino operator Genting Singapore Plc has been beating analysts’ expectations for the past two quarters but the firm is still lacking growth opportunities in the Singapore business, says brokerage...

MBS sues Chinese Olympic gold medallist for gambling debt

May 30, 2017 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

Singapore casino resort Marina Bay Sands (pictured) is taking a former Chinese Olympic gold medallist to court in Hong Kong for failing to repay a gambling debt, reported media in Hong Kong. Marina...

GEN Singapore 1Q profit up on cost savings

May 15, 2017 Newsdesk Latest News, Singapore, Top of the deck

Casino operator Genting Singapore Plc reported a net profit of SGD181.1 million (US$129 million) for the first quarter of 2017, a nearly 17-fold increase compared to SGD10.8 million in the first...

Macau, Singapore performance help fuel LVS 1Q profit jump

Apr 27, 2017 Newsdesk Latest News, Macau, Singapore, Top of the deck

Strong performances by its Macau and Singapore subsidiaries helped global casino operator Las Vegas Sands Corp to post a year-on-year increase of 41.3 percent in net income in the first quarter of...

GEN Singapore strong suitor for Japan: Lim Kok Thay

Mar 28, 2017 Newsdesk Japan, Latest News, Singapore, Top of the deck

The current business head of the Malaysian Chinese dynasty that founded gaming and agricultural conglomerate Genting Bhd, has commented on the group’s prospects of winning a casino licence in...

GEN Singapore says ‘well placed’ for Japan casino bid

Feb 23, 2017 Newsdesk Latest News, Singapore, Top of the deck

Casino operator Genting Singapore Plc says it “has sufficient financial resources” and is “well placed” to bid for a casino licence in Japan. “The group has completed a study of our capital...

Chinese tourism up, no bounce for Singapore casinos

Feb 15, 2017 Newsdesk Latest News, Singapore, Top of the deck

Singapore’s tourism receipts from “sightseeing, entertainment and gaming” fell 16 percent year-on-year in the first three quarters during 2016. But the headline number of international tourists...