GGRAsia – Singapore

Singapore

Asia Pacific casino host economies hit by trade war: Fitch

Sep 11, 2019 Newsdesk Latest News, Macau, Philippines, Singapore, Top of the deck

Economic activity across the Asia-Pacific region “continues to weaken on softening global demand and uncertainty associated with the escalation of the United States-China trade war,” says a...

Marina Bay Sands could gain from HK uncertainties: DB

Sep 09, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck

Las Vegas Sands Corp’s Marina Bay Sands casino resort (pictured) in Singapore could benefit in the near term from any potential displacement of player activity in Macau that might be linked to the...

LVS gets US$2.7bln term loan for Singapore expansion

Sep 05, 2019 Newsdesk Latest News, Singapore, Top of the deck

United States-based global casino operator Las Vegas Sands Corp, parent of the firm promoting the Marina Bay Sands casino resort (pictured) in Singapore, confirmed in a Wednesday filing that it had...

Singapore betting tax flat in latest fiscal year: govt

Sep 03, 2019 Newsdesk Latest News, Singapore, Top of the deck

The Inland Revenue Authority of Singapore (IRAS) says it collected SGD52.4 billion (US$37.6 billion) in tax revenue in the fiscal year 2018-2019, up 4.4 percent from the previous year. The 3.1...

Singapore mulls data mining to aid casino risk management

Aug 29, 2019 Newsdesk Latest News, Singapore, Top of the deck

The casino regulator in Singapore is looking into how data analytics can help it improve gaming-related risk management. So said on Thursday Singapore’s Minister of Manpower and Second Minister for...

Fitch shifts Genting Bhd outlook to negative from stable

Aug 28, 2019 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck, World

Fitch Ratings Inc has revised its outlook on Malaysia’s Genting Bhd and on its wholly-owned units Genting Overseas Holdings Ltd and Resorts World Las Vegas LLC, to “negative” from...

Singapore, Macau regulators talk supervision at symposium

Aug 21, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck

Singapore’s Casino Regulatory Authority is hosting next week the 5th Singapore Symposium on Gambling Regulation and Crime. The event, taking place on 29 and 30 August in Singapore, features a...

Singapore’s 1Q tourist income down 4.8pct

Aug 08, 2019 Newsdesk Latest News, Singapore, Top of the deck

The Singapore Tourism Board says tourism receipts in the city-state fell by 4.8 percent year-on-year in the first quarter of 2019, to approximately SGD6.54 billion (US$4.7 billion). The decline was...

Brokerages concerned with GEN Singapore’s bad debt level

Aug 05, 2019 Newsdesk Latest News, Singapore, Top of the deck

The significant increase in bad debt reported by Genting Singapore Ltd in the three months to June 30 “dragged” on the firm’s earnings, representing a “negative surprise” and hinting to a...

Genting Singapore 2Q profit down despite revenue growth

Aug 02, 2019 Newsdesk Latest News, Singapore, Top of the deck

Genting Singapore Ltd reported net profit of SGD168.4 million (US$122.3 million) for the second quarter of 2019, a figure 5.2 percent down on the comparable period a year earlier. That was despite a...