GGRAsia – Singapore

Regulator nods GEN Singapore domicile switch to home

Jun 05, 2018 Newsdesk Latest News, Singapore, Top of the deck

Genting Singapore Ltd has gained formal approval from the Accounting and Corporate Regulatory Authority of Singapore to transfer its legal domicile from the offshore tax jurisdiction of the Isle of...

Dead rail link not issue for Genting Sentosa: Maybank

May 29, 2018 Newsdesk Latest News, Singapore, Top of the deck

Malaysia’s decision to scrap an expensive high-speed rail link between its capital Kuala Lumpur and the neighbouring city-state of Singapore should not have a negative impact on Genting Hotel...

GEN Singapore 1Q profit up 20pct, beats market consensus

May 10, 2018 Newsdesk Latest News, Singapore, Top of the deck

Casino operator Genting Singapore Plc reported a net profit of nearly SGD217.2 million (US$162.3 million) for the first quarter of 2018, a 19.9-percent increase compared to SGD181.1 million in the...

Singapore govt touts gaming oversight consolidation

Apr 20, 2018 Newsdesk Latest News, Singapore, Top of the deck

Josephine Teo, Singapore’s second minister for Manpower and Home Affairs, said there needs to be greater consolidation of casino regulatory functions in the city-state, according to local media...

Genting HK stock ends Singapore trading on delisting there

Apr 11, 2018 Newsdesk Latest News, Singapore, Top of the deck

Trading of shares in casino and casino cruise ship investor Genting Hong Kong Ltd via the Singapore Exchange was suspended with effect from 9am on Wednesday. The firm is delisting its shares from the...

Casino op GEN Singapore plans domicile switch to home

Mar 23, 2018 Newsdesk Latest News, Singapore, Top of the deck

Casino operator Genting Singapore Plc plans to change its domicile from the Isle of Man, a jurisdiction regarded by financial institutions as an offshore tax haven, to Singapore, where it conducts...

LVS unit amends US$3.9bln Marina Bay Sands loan facility

Mar 20, 2018 Newsdesk Latest News, Singapore, Top of the deck

A unit of U.S. casino operator Las Vegas Sands Corp has amended and restated with banking partners certain term loans and revolving loans negotiated by the group for use by its Singapore casino...

GEN Singapore 4Q profit falls 17pct, firm ups dividend

Feb 26, 2018 Newsdesk Latest News, Singapore, Top of the deck

Genting Singapore Plc, the operator of Resorts World Sentosa casino resort (pictured), reported net profit of approximately SGD132.8 million (US$101 million) for the final quarter of 2017, down by...

Chinese visitors lifted Singapore tourism in 2017

Feb 13, 2018 Newsdesk Latest News, Singapore, Top of the deck

Singapore’s 2017 tally of visitor arrivals rose by 6.2 percent year-on-year, to a record 17.4 million, as the city-state welcomed more travellers from its top source markets, including China, the...

LVS group profit up 138pct in 4Q, Macau mass strong

Jan 25, 2018 Newsdesk Latest News, Macau, Singapore, Top of the deck

Net income at global casino operator Las Vegas Sands Corp rose 137.9 percent year-on-year for the fourth quarter, and 68.0 percent for full-year 2017. Such net income was US$1.21 billion and nearly...