GGRAsia – Singapore

Singapore police arrest 35 people for illegal gambling

Oct 21, 2020 Newsdesk Latest News, Singapore, Top of the deck

Singapore police have arrested a total of 35 people for gambling offences, in two unrelated cases made public on Tuesday. In one instance, the police arrested 11 men, aged 21 to 38, for alleged...

Fitch downgrades GEN Bhd on likely slow pandemic recovery

Oct 19, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck, World

Fitch Ratings Inc has downgraded the long-term issuer default rating of Malaysian gambling and services conglomerate Genting Bhd to ‘BBB’ from BBB+’’, albeit with a ‘stable’ outlook. It...

HK-Singapore travel bubble plans in weeks: HK govt

Oct 15, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

The authorities in Hong Kong and Singapore have reached agreement in principle, on a “travel bubble” that would allow residents of the respective places to engage in leisure travel in each...

Genting Bhd EBITDA to dip 70pct for 2020, says Maybank

Oct 12, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck, World

Malaysian conglomerate Genting Bhd, which controls a collection of casino resorts distributed across major markets in Southeast Asia, North America, the United Kingdom and Egypt, is likely to see its...

S&P says Genting Bhd governance constrains ratings

Sep 29, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck, World

An assessment of management and corporate governance at Malaysian casino conglomerate Genting Bhd has been lowered to ‘fair’, from ‘satisfactory’, by Standard & Poor’s (S&P’s)...

Singapore up to 5 yrs for tourism comeback, says STB boss

Sep 25, 2020 Newsdesk Latest News, Singapore, Top of the deck

Singapore’s inbound tourism market could take up to five years to recover from the damage caused by the Covid-19 pandemic, said on Thursday the chief executive of Singapore Tourism Board (STB)...

LVS oks for lender no dividends unless US$1bln liquidity

Sep 24, 2020 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Las Vegas Sands Corp (LVS) has agreed with one of its lenders that the casino firm will, for the time being, not declare or pay any dividends unless it has more than US$1.0 billion in liquidity. In...

Singapore new gaming authority on track for 2021: ministry

Sep 24, 2020 Newsdesk Latest News, Singapore, Top of the deck

A new, centralised authority to oversee the entire gambling industry in Singapore, is on track to be established in 2021, confirmed the city-state’s Ministry of Home Affairs in an email reply to...

Singapore govt in fresh steps to boost tourism, economy

Sep 18, 2020 Newsdesk Latest News, Singapore, Top of the deck

The Singapore Tourism Board (STB) has announced several partnerships to support local business and boost the city’s tourism industry, amid the coronavirus pandemic. The tourism board said in a...

MBS hires law firm to probe US$1bln transfers: report

Sep 17, 2020 Newsdesk Latest News, Singapore, Top of the deck

The management at Marina Bay Sands (MBS) casino resort, has hired prominent Singapore law firm Davinder Singh Chambers, for a new probe into more than US$1 billion in gamblers’ money, allegedly...