GGRAsia – Singapore

Singapore

GEN Singapore 1Q profit down, non-gaming holds up

May 09, 2019 Newsdesk Latest News, Singapore, Top of the deck

First-quarter profit at casino firm Genting Singapore Ltd, operator of the Resorts World Sentosa complex in the city-state, fell 5.4 percent year-on-year in the first quarter, on revenue that slipped...

Singapore ops to pay fair price for more land: Minister

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

Singapore’s Senior Minister of State for Trade and Industry, Chee Hong Tat, says the city’s two casino operators will have to pay “fair market value” for additional land as part of the...

Few Singapore casino crimes linked to syndicates: govt

May 06, 2019 Newsdesk Latest News, Singapore, Top of the deck

Singapore has since 2010 – the year its two casino resorts opened – seen “very few” casino-related crimes that have links to organised crime syndicates. So said Second Minister for...

Resorts World Sentosa to stage Japanese-themed festival

Apr 30, 2019 Newsdesk Japan, Latest News, Singapore, Top of the deck

The Resorts World Sentosa casino resort in Singapore says it will stage a festival with a Japanese theme for the month of June. Resorts World Sentosa issued on Friday a written statement saying the...

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...