GGRAsia – Singapore

Singapore

Singapore’s 1Q tourist spend on gaming flat

Aug 03, 2017 Newsdesk Latest News, Singapore, Top of the deck

Singapore saw tourism receipts increase in the first three months of 2017. The growth was due to higher visitor arrivals and spending in all major tourism components, “except sightseeing,...

Genting Singapore 2Q profit beats estimates

Aug 02, 2017 Newsdesk Latest News, Singapore, Top of the deck

Genting Singapore Plc reported net profit of SGD143.3 million (US$105.4 million) for the second quarter of 2017, compared to a net loss SGD10.5 million in the prior-year period. Adjusted earnings...

LVS posts 62pct jump in 2Q profit on Macau, Singapore

Jul 27, 2017 Newsdesk Latest News, Macau, Singapore, Top of the deck

Global casino operator Las Vegas Sands Corp reported a year-on-year increase of 61.9 percent in net income in the second quarter of 2017 to US$638 million. The quarterly results were driven by strong...

Singapore in sweeping changes to slot club rules

Jul 21, 2017 Newsdesk Latest News, Singapore, Top of the deck

The Singapore government is to introduce stricter rules about the availability and use of slot machines in the city-state’s social clubs. Any clubs that do not meet a new test regarding the scope...

Ex-MBS exec resigns as Sands Bethlehem president

Jul 18, 2017 Newsdesk Industry Talk, Latest News, Singapore, World

Mark Juliano has resigned as president of Las Vegas Sands Corp’s Sands Casino Resort Bethlehem (pictured) in Pennsylvania in the United States, with immediate effect, reported local news outlet the...

Singapore’s 2016 tourist spend on gaming down 14pct

Jun 23, 2017 Newsdesk Latest News, Singapore, Top of the deck

Singapore saw 2016 visitor arrivals and tourism receipts hit record annual highs, despite a decline in tourist spending under the government’s heading of “sightseeing, entertainment and...

GEN Singapore banks on Japan locals in casinos: Nomura

Jun 08, 2017 Newsdesk Japan, Latest News, Singapore, Top of the deck

Casino operator Genting Singapore Plc “is not keen” to participate in a bid for a Japan gaming licence if locals are not allowed to use such casino gambling facilities. But if Japan did permit...

Junket biz adding liquidity to Macau market: Goldstein

Jun 02, 2017 Newsdesk Japan, Latest News, Macau, Singapore, Top of the deck

The junket business remains important to the Macau market and the recent growth in that segment is adding liquidity to the entire market, says a senior executive at Las Vegas Sands Corp. “We are...

GEN Singapore lacking growth opportunities: analyst

May 31, 2017 Newsdesk Latest News, Singapore, Top of the deck

Casino operator Genting Singapore Plc has been beating analysts’ expectations for the past two quarters but the firm is still lacking growth opportunities in the Singapore business, says brokerage...

MBS sues Chinese Olympic gold medallist for gambling debt

May 30, 2017 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

Singapore casino resort Marina Bay Sands (pictured) is taking a former Chinese Olympic gold medallist to court in Hong Kong for failing to repay a gambling debt, reported media in Hong Kong. Marina...