GGRAsia – Singapore

Singapore

Macau to post flat to low 2019 GGR growth: Fitch

Apr 29, 2019 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Singapore, Top of the deck

Macau is likely to see a “flat to low single-digit” percentage growth in its gross gaming revenue (GGR) for 2019, negatively impacted by the current economic slowdown on mainland China, says...

Macau lessons in Singapore casino biz revamp: experts

Apr 18, 2019 Newsdesk Features, Latest News, Macau, Singapore

Singapore’s thinking in extending the duopoly of its casino industry and that city-state’s decision to have incremental increases in its two-tier system for tax on gross gaming revenue...

Fresh investment might delay Genting deleveraging: Fitch

Apr 18, 2019 Newsdesk Japan, Latest News, Singapore, Top of the deck, World

Fitch Ratings Inc says Malaysian operator of casinos Genting Bhd “has the liquidity” to fund its existing development projects in Las Vegas, in the United States, and in Singapore. Any additional...

Macau mass a plus, VIP likely to resurrect: Goldstein

Apr 18, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck

VIP business remains important to the overall Macau casino market: despite the softness seen in the first quarter of 2019, the segment is likely to return to growth in the future, says a senior...

LVS first quarter profit falls; Macau mass market strong

Apr 18, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Global casino company Las Vegas Sands Corp reported first-quarter net profit of US$582 million, a 60-percent decrease compared to nearly US$1.46 billion recorded in the same period last year. The...

New Marina Bay Sands tower won’t have casino: Tanasijevich

Apr 12, 2019 Newsdesk Latest News, Singapore, Top of the deck

The new tower to be built in Singapore by U.S.-based casino operator Las Vegas Sands Corp as part of the expansion plans for the firm’s Marina Bay Sands complex (pictured), will not include...

GEN Singapore to pay US$500mln credit early amid revamp

Apr 11, 2019 Newsdesk Latest News, Singapore, Top of the deck

Genting Singapore Ltd, operator of the city-state’s Resorts World Sentosa casino complex (pictured), is to pay back early – on a voluntary basis – a total of SGD680 million (US$503 million)...

Capex a concern in Singapore casino expansion: analysts

Apr 04, 2019 Newsdesk Latest News, Singapore, Top of the deck

The proposed expansion plans for Singapore’s two casino resorts – and the continuation of the existing duopoly through 2030 – are a positive for the city-state’s casino operators, say...

Singapore resorts expand, duopoly extended until 2030: govt

Apr 04, 2019 Newsdesk Latest News, Singapore, Top of the deck

The Singaporean government said on Wednesday it had agreed to the expansion of the city’s two integrated casino resorts. In return for their investment – an aggregate of SGD9 billion...

GEN Singapore gearing up for Japan IR bid: Lim Kok Thay

Apr 03, 2019 Newsdesk Japan, Latest News, Singapore, Top of the deck

The head of Genting Singapore Ltd says the company is “optimistic” as it prepares to bid for a casino licence in Japan. Lim Kok Thay – writing in the firm’s annual report in his capacity as...