GGRAsia – Singapore

S&P says Genting Bhd governance constrains ratings

Sep 29, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck, World

An assessment of management and corporate governance at Malaysian casino conglomerate Genting Bhd has been lowered to ‘fair’, from ‘satisfactory’, by Standard & Poor’s (S&P’s)...

Singapore up to 5 yrs for tourism comeback, says STB boss

Sep 25, 2020 Newsdesk Latest News, Singapore, Top of the deck

Singapore’s inbound tourism market could take up to five years to recover from the damage caused by the Covid-19 pandemic, said on Thursday the chief executive of Singapore Tourism Board (STB)...

LVS oks for lender no dividends unless US$1bln liquidity

Sep 24, 2020 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Las Vegas Sands Corp (LVS) has agreed with one of its lenders that the casino firm will, for the time being, not declare or pay any dividends unless it has more than US$1.0 billion in liquidity. In...

Singapore new gaming authority on track for 2021: ministry

Sep 24, 2020 Newsdesk Latest News, Singapore, Top of the deck

A new, centralised authority to oversee the entire gambling industry in Singapore, is on track to be established in 2021, confirmed the city-state’s Ministry of Home Affairs in an email reply to...

Singapore govt in fresh steps to boost tourism, economy

Sep 18, 2020 Newsdesk Latest News, Singapore, Top of the deck

The Singapore Tourism Board (STB) has announced several partnerships to support local business and boost the city’s tourism industry, amid the coronavirus pandemic. The tourism board said in a...

MBS hires law firm to probe US$1bln transfers: report

Sep 17, 2020 Newsdesk Latest News, Singapore, Top of the deck

The management at Marina Bay Sands (MBS) casino resort, has hired prominent Singapore law firm Davinder Singh Chambers, for a new probe into more than US$1 billion in gamblers’ money, allegedly...

Malaysia PM says virus spike risks movement control return

Sep 16, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

Malaysia might have to retighten community-movement restrictions if the tally of fresh Covid-19 cases rises more acutely, said on Tuesday the country’s leader, Prime Minister Muhyiddin Yassin,...

MBS says MICE carbon neutral, preps return of bigger events

Sep 08, 2020 Newsdesk Latest News, Singapore, Top of the deck

The promoter of the Marina Bay Sands (MBS) casino resort in Singapore, says that 100 percent of the gas and electricity consumed at its Sands Expo and Convention Centre (pictured) is now carbon...

Genting HK sells Zouk club group to Lim Kok Thay son

Sep 02, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

Financially-pressured casino cruise ship operator Genting Hong Kong Ltd says it is selling nightclub and restaurant operator Zouk Group to an offspring of the Genting brand’s Malaysian...

GEN Sing recovery still several quarters off: analyst

Aug 19, 2020 Newsdesk Latest News, Singapore, Top of the deck

Full recovery of Genting Singapore Ltd’s casino resort business in Singapore following the Covid-19 crisis was “still several quarters away” due to the firm’s Resorts World Sentosa venue...