GGRAsia – Singapore

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...

MBS expands lineup of ‘Where Music Takes Over’ festival

Jul 05, 2023 Newsdesk Latest News, Singapore, Top of the deck

Japanese guitarist and singer-songwriter Miyavi, American musician Gryffin, and a “full day of Latin-themed festivities” have been added to the lineup for Singapore casino resort Marina Bay...

Maybank cuts 2023 core net profit forecast for GEN Sing

Jul 04, 2023 Newsdesk Latest News, Singapore, Top of the deck

An investment bank is trimming by 12 percent, to SGD637 million (US$472.0 million), its estimate for 2023 core net profit at Genting Singapore Ltd. The firm is the promoter of the Resorts World...

GEN Malaysia, Sing biz likely 85pct of 2019 soon: Fitch

Jun 30, 2023 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

Revenue at Genting group’s respective casino resorts in Malaysia and Singapore is likely this year to reach “85 percent to 90 percent” of 2019’s pre-pandemic trading period, with recovery to...

MBS to host top acts in 10 music concerts July to Aug

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

The Marina Bay Sands (MBS) casino resort in Singapore is to hold what it brands as a music festival with 10 concerts, staged at various venues at the property between July 15 and August 2 inclusive....

Lam Yi Young resigns as deputy CEO Resorts World Sentosa

Jun 02, 2023 Newsdesk Latest News, Singapore, Top of the deck

Genting Singapore Ltd says Lam Yi Young has resigned from his role as deputy chief executive of Resorts World at Sentosa Pte Ltd. The latter firm is an indirect wholly owned subsidiary of Genting...