GGRAsia – Singapore

GEN Singapore boss flags uneven recovery pace in 2023

Mar 28, 2023 Newsdesk Latest News, Singapore, Top of the deck

The chairman of casino operator Genting Singapore Ltd, Lim Kok Thay (pictured in a file photo), says while the group expects “continued recovery of travel and tourism” in the Singapore market,...

LVS gets 1-year extension for Marina Bay Sands 2.0 start

Mar 24, 2023 Newsdesk Latest News, Singapore, Top of the deck

Casino firm Las Vegas Sands Corp (LVS) says it has been authorised by Singapore’s authorities to delay by 12 months the deadline to start construction work for the extension of its Marina Bay Sands...

Sands China woos Singaporeans as Air Macau opens route

Mar 23, 2023 Newsdesk Latest News, Macau, Singapore, Top of the deck

Macau casino operator Sands China Ltd is partnering with the city’s flag-carrier airline, Air Macau Co Ltd, to offer what is termed “an exclusive hotel package and a wide range of privileges”...

Singapore police arrest 21 people for illegal gambling

Mar 23, 2023 Newsdesk Latest News, Singapore, Top of the deck

Singapore police have arrested a total of 21 people for gambling offences, in a case made public on Wednesday. The detentions followed a joint enforcement operation against illegal gambling involving...

U.S.-linked Macau ops see pent up demand: JPM forum

Mar 15, 2023 Newsdesk Latest News, Macau, Singapore, Top of the deck

United States-linked operators in the Macau casino market are benefitting from “pent up demand” since the ending of Covid-19-related restrictions in mainland China, Macau and Hong Kong, says JP...

GEN Singapore 2022 liabilities up as biz rebounded: firm

Feb 28, 2023 Newsdesk Latest News, Philippines, Singapore, Top of the deck

Casino operator Genting Singapore Ltd says the “significant increases” in the group’s liabilities from 2021 to 2022 were “in line with the increase” in its full-year revenue. That was...

RWS expansion likely over budget, ready maybe 2028

Feb 23, 2023 Newsdesk Latest News, Singapore, Top of the deck

The overall cost of the expansion programme for Singapore’s Resorts World Sentosa (RWS) casino complex is likely to be higher than the initially-budgeted amount of SGD4.5 billion (US$3.36 billion)....

Singapore aims to up flights with China to pre-Covid levels

Feb 21, 2023 Newsdesk Latest News, Singapore, Top of the deck

Singapore’s Minister of Foreign Affairs Vivian Balakrishnan says the city-state’s authorities aim to see the number of flights and other connections with China returning to pre-Covid 19...

GEN Singapore 2022 profit up 86pct, strong 2H rebound

Feb 20, 2023 Newsdesk Latest News, Singapore, Top of the deck

Casino operator Genting Singapore Ltd posted annual net profit of SGD340.1 million (US$254.6 million) for full-year 2022, up 85.5 percent from the prior year. That was on revenue that rose 61.7...

Moody’s keeps GEN Singapore rating, outlook now stable

Feb 14, 2023 Newsdesk Latest News, Singapore, Top of the deck

Moody’s Investors Service Inc has confirmed the ‘A3’ issuer rating of casino developer and operator Genting Singapore Ltd. The ratings agency changed the firm’s outlook to “stable”, from...