GGRAsia – Singapore

Singapore logs 1.3mln visitors in Aug, China top source

Sep 11, 2023 Newsdesk Latest News, Singapore, Top of the deck

The tally of visitor arrivals to Singapore in August fell by 7.8 percent month-on-month, according to the latest monthly statistics published by the Singapore Tourism Board (STB). Mainland China...

MBS expansion to cost above US$3.3-bln pledged in 2019

Aug 22, 2023 Newsdesk Latest News, Singapore, Top of the deck

The parent of Singapore casino resort Marina Bay Sands (MBS) says its expects costs of an expansion project agreed with the country’s authorities in April 2019 will “materially exceed” the...

China biggest source of Singapore July visitor arrivals

Aug 16, 2023 Newsdesk Latest News, Singapore, Top of the deck

China was Singapore’s largest single source of visitor arrivals in July, with the city-state’s monthly tally of mainland China tourists more than doubling compared to June. That is according to...

RWS mass share concerns but strong end to 1H: analysts

Aug 11, 2023 Newsdesk Latest News, Singapore, Top of the deck

The first-half results of Singapore casino operator Genting Singapore Ltd were “better” than had been feared following a soft first quarter, said two brokerages. A third noted that although the...

GEN Singapore 1H profit US$206mln, names RWS president

Aug 10, 2023 Newsdesk Latest News, Singapore, Top of the deck

First-half net profit at the operator of the Resorts World Sentosa (RWS) casino complex (pictured) in Singapore jumped by 227.7 percent year-on-year, to SGD276.7 million (US$205.6 million). On...

LVS positive outlook, Sands China dividend likely 2025: Fitch

Aug 01, 2023 Newsdesk Latest News, Macau, Singapore, Top of the deck

Fitch Ratings Inc has revised its outlook on casino operator Las Vegas Sands Corp (LVS) and its Macau and Singapore units to ‘positive’ from ‘negative’. The ratings agency has also affirmed...

Singapore GP neighbour MBS flags Ferrari partnership

Jul 31, 2023 Newsdesk Latest News, Singapore, Top of the deck

Singapore casino resort Marina Bay Sands (MBS), which overlooks part of the route for the city-state’s famous Formula 1 Grand Prix (GP) night race, announced on Monday a partnership with...

Sands China 2Q non-gaming rev share hits 22pct: COO

Jul 20, 2023 Newsdesk Latest News, Macau, Singapore, Top of the deck

Macau casino operator Sands China Ltd saw a “very sharp acceleration” in business volumes in the last month of the second quarter, helping the firm’s profit margins grow by “about 240 basis...

2Q EBITDA at Sands China, MBS soars, LVS resumes dividend

Jul 20, 2023 Newsdesk Latest News, Macau, Singapore, Top of the deck

Macau casino operator Sands China Ltd achieved adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$541 million in the second quarter of 2023. That...

Singapore GRA blocks more than 1.6k illicit gambling sites

Jul 17, 2023 Newsdesk Latest News, Singapore, Top of the deck

Since its inauguration in August 2022, the Gambling Regulatory Authority of Singapore (GRA) has received circa “50 reports” related to illicit remote gambling activities, said on Saturday the...