GGRAsia – Singapore

GEN Singapore gets shareholder nod for Japan IR bid

Feb 05, 2020 Newsdesk Japan, Latest News, Singapore, Top of the deck

Casino investor Genting Singapore Ltd says it has won overwhelming approval from its shareholders to pledge up to US$10 billion in investment in pursuit of a casino resort project in Japan. More...

Casinos beyond Macau face virus risk on cash flow: S&P

Feb 03, 2020 Newsdesk Coronavirus Crisis, Latest News, Philippines, Rest of Asia, Singapore, Top of the deck

Asia-Pacific casino operators beyond Macau have cash-flow risk – and in some cases debt service risk – in relation to China’s coronavirus emergency, because of their exposure to the mainland...

Malaysia, S’pore casinos up safety steps on virus risk

Jan 30, 2020 Newsdesk Coronavirus Crisis, Latest News, Rest of Asia, Singapore, Top of the deck

Casino properties in Malaysia and Singapore are stepping up precautionary measures for their guests and staff amid the reported spread from China of a newly-identified coronavirus. In a Wednesday...

Storm will pass re coronavirus, issue is when: LVS COO

Jan 30, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Singapore, Top of the deck

It was impossible to know whether it might be “February or March” before China’s coronavirus emergency was resolved, said Robert Goldstein, president and chief operating officer of Las Vegas...

Singapore confirms first novel coronavirus case

Jan 24, 2020 Newsdesk Coronavirus Crisis, Latest News, Singapore, Top of the deck

Authorities in Singapore confirmed on Thursday the city’s first case of viral pneumonia linked to a newly-identified coronavirus originally reported in mainland China. The patient is a 66-year-old...

GEN Singapore seeks shareholder nod for Japan IR bid

Jan 20, 2020 Newsdesk Japan, Latest News, Singapore, Top of the deck

Casino investor Genting Singapore Ltd has called an extraordinary general meeting to, among other items, seek approval from its shareholders to eventually submit “one or more bids for the...

Singapore, Royal Caribbean launch fly-cruise partnership

Nov 27, 2019 Newsdesk Latest News, Singapore, Top of the deck

Casino cruise ship operator Royal Caribbean International has signed a “multimillion-dollar marketing partnership” with the Singapore Tourism Board and Changi Airport Group to promote...

Singapore’s 2Q tourist income down 1.3pct

Nov 13, 2019 Newsdesk Latest News, Singapore, Top of the deck

The Singapore Tourism Board says tourism receipts in the city-state fell by 1.3 percent year-on-year in the second quarter of 2019, to approximately SGD6.51 billion (US$4.78 billion). The decline was...

Macau casino retender process likely pragmatic: Fitch

Nov 12, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck

Fitch Ratings Inc says it anticipates the Macau government will take a “pragmatic” approach to the expected public retender of Macau gaming rights that will be occasioned by the upcoming expiry...

GEN Singapore 3Q profit down as gaming rev declines

Nov 07, 2019 Newsdesk Latest News, Singapore, Top of the deck

Genting Singapore Ltd reported net profit of nearly SGD158.9 million (US$117.1 million) for the third quarter of 2019, down 24.5 percent on the comparable period a year earlier. That was due to a...