GGRAsia – Singapore

Singapore casino levy hike affects GGR outlook: analyst

Oct 25, 2019 Newsdesk Latest News, Singapore, Top of the deck

Singapore citizens and permanent residents required to pay for either a 24-hour entrance levy or a year-long pass to enter the city-state’s two casinos, might choose not to renew the latter due to...

LVS 3Q profit down 7pct, stays upbeat on Macau outlook

Oct 24, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Third-quarter net income attributable to shareholders of United States-based casino operator Las Vegas Sands Corp was down 6.7 percent year on year. Such net income for the three months to September...

Big jump in CRA fines on Singapore casino sector 2018-19

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

Singapore’s Casino Regulatory Authority (CRA) imposed for financial year ended March 31 an aggregate of SGD745,000 (US$540,000) in fines on the city-state’s duopoly casino industry for breaches...

GEN Singapore plans US$3.2bln in yen bonds for Japan

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

Casino investor Genting Singapore Ltd plans to issue Japanese yen-denominated bonds up to a value of JPY350 billion (US$3.2 billion) for “working capital and general corporate purposes in Japan”,...

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...