• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Singapore casino op fines down 64pct fiscal 2017: CRA

Oct 04, 2018 Newsdesk Latest News, Singapore, Top of the deck  


Singapore casino op fines down 64pct fiscal 2017: CRA

The annual report for 2017-2018 released by Singapore’s Casino Regulatory Authority (CRA) indicated that in financial year 2017, the aggregate fines levied on Singapore’s two gaming resort operators were down 63.6 percent compared to the prior-year period.

According to the report, the tally of penalties on the two casino operators in fiscal 2017 – covering the period from April 1, 2017 to March 31, 2018 – was SGD60,000 (US$43,457), compared to SGD165,000 in fiscal 2016.

In financial year 2017, Marina Bay Sands Pte Ltd – a unit of United States-based casino form Las Vegas Sands Corp that operates the Marina Bay Sands resort – was fined SGD5,000 for failure to prevent one permanent resident from entering or remaining on its casino premises “without a valid entry levy”. Under local law a levy is chargeable to Singapore citizens or permanent residents wishing to enter the casino area of each resort.

Resorts World at Sentosa Pte Ltd, a unit of Genting Singapore Ltd that operates the Resorts World Sentosa casino resort, was fined a total of SGD55,000 for failures to prevent three minors and one excluded person gaining access to the casino floor. In Singapore, all patrons must be aged 21 or over in order to gamble legally in its casinos.

The CRA’s chairman Tan Tee How said in his foreword to the report that one of the aims of the formation of CRA was to “ensure that the management and operation of a casino is carried out by persons who are suitable, and remains free from criminal influence or exploitation”.

He added that in fiscal 2017, “casino-linked crime and problem gambling arising from casino gambling” were “under control”.

He further noted: “Casino-related crime remains a small proportion of overall crime in Singapore at less than 1 percent, and organised crime has not entrenched itself in the casinos.”

He continued: “The overall probable pathological and problem gambling rates also remained stable since the opening of the integrated resorts, presently below 1 percent.”

Jerry See, the authority’s chief executive up to July 1 this year, said in the document that containment of the risk of casino-related crime was thanks to collaboration between a number of agencies, including the CRA, the Ministry of Social and Family Development, the National Council on Problem Gambling, and the Singapore Police Force as well as other law enforcement agencies.

Mr Tan nonetheless stated that emerging digital technologies posed a potential challenge to regulators.

“For example, new gaming platforms such as virtual reality and mobile gaming are transforming the casino landscape in jurisdictions,” he added. The CRA would need to adapt to the presence globally of “cryptocurrencies and deployment of skill- based games” occurring in some markets, in order to maintain its function of monitoring the industry.

The outgoing CEO Mr See noted: “We implemented the Gaming Equipment System (GAMES) to better manage data and information on gaming equipment and machines.”

He added: “The ability to harness data through such technology initiatives would allow us to enhance our appreciation and understanding of emerging issues and trends.”


  • tweet
Related articles
  • Macau would-be junkets to pay US$187k guarantee: govt
    Macau would-be junkets to pay US$187k...

    Dec 28, 2022  

  • Crown Resorts fined US$77mln by Victoria regulators
    Crown Resorts fined US$77mln by...

    Nov 07, 2022  

More news
  • Lam Yi Young resigns as deputy CEO Resorts World Sentosa
    Lam Yi Young resigns as deputy CEO...

    Jun 02, 2023  

  • China stimulus package could benefit Macau stocks: CBRE
    China stimulus package could benefit...

    Jun 02, 2023  


Latest News

Lam Yi Young resigns as deputy CEO Resorts World Sentosa

Lam Yi Young resigns as deputy CEO Resorts World Sentosa

Jun 02, 2023  

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...
Read More
China stimulus package could benefit Macau stocks: CBRE

China stimulus package could benefit Macau stocks: CBRE

Jun 02, 2023  

G2E Asia 2023: Singapore

  • Alfastreet’s new Verso cabinet heading to Asian markets
    Alfastreet’s new Verso cabinet heading to Asian markets

    Jun 01, 2023  

    Alfastreet, a manufacturer of electronic gaming machines,...
  • Sega Sammy Creation growing land-based, eyes online
    Sega Sammy Creation growing land-based, eyes online

    Jun 01, 2023  

    Casino equipment maker Sega Sammy Creation Inc is tweaking...
  • iGaming growing in Asia, ops tackling challenges: Uplatform
    iGaming growing in Asia, ops tackling challenges: Uplatform

    Jun 01, 2023  

    The iGaming segment in Asia “has grown rapidly” since...
  • ‘See before you play’ slot marketing tool, say tech suppliers
    ‘See before you play’ slot marketing tool, say tech...

    May 31, 2023  

    Showing slot machine players – via animations on the...
  • Macau stocks tied to China outlook: Bloomberg analyst
    Macau stocks tied to China outlook: Bloomberg analyst

    May 31, 2023  

    Macau stocks in likelihood “have been punished too much...
  • Investors still eye possible fresh IR locations in Japan: scholar
    Investors still eye possible fresh IR locations in Japan:...

    May 31, 2023  

    There are foreign companies still interested in investing...
  • Thai casino law possible in 2024, IR in 2030: govt adviser
    Thai casino law possible in 2024, IR in 2030: govt adviser

    May 31, 2023  

    Thailand could pass the necessary enabling legislation for...
  • China still ‘critical’ to Asian markets: G2E Asia panel
    China still ‘critical’ to Asian markets: G2E Asia panel

    May 30, 2023  

    China will remain a key market for Asian gaming...
  • Much interest in state casinos sale, says Pagcor boss Tengco
    Much interest in state casinos sale, says Pagcor boss

    May 30, 2023  

    Alejandro Tengco (pictured in a file photo), chairman and...
  • Gaming industry in for a very exciting period: Bill Miller
    Gaming industry in for a very exciting period: Bill Miller

    May 30, 2023  

    There are “plenty of reasons” for the global gaming...
  • IGT flags route to high-performing games for Asia
    IGT flags route to high-performing games for Asia

    May 30, 2023  

    Gaming equipment provider International Game Technology Plc...
  • G2E Singapore trade show, conference begins today
    G2E Singapore trade show, conference begins today

    May 30, 2023  

    The Global Gaming Expo (G2E) Asia 2023 Special Edition:...
  • Novomatic’s Black Edition II cabinets at G2E in Singapore
    Novomatic’s Black Edition II cabinets at G2E in Singapore

    May 29, 2023  

    Austria-based gaming equipment maker and operator Novomatic...
  • Uplatform to show latest iGaming products at G2E Singapore
    Uplatform to show latest iGaming products at G2E Singapore

    May 25, 2023  

    Sports betting and online casino operating platform...
  • L&W ambition to be No1 in Asia well on its way: SVP gaming
    L&W ambition to be No1 in Asia well on its way: SVP...

    May 24, 2023  

    The business performance in Asia of gaming content and...
  • G2E Singapore expecting 6k visitors, 100+ exhibitors
    G2E Singapore expecting 6k visitors, 100+ exhibitors

    May 18, 2023  

    The organisers of Global Gaming Expo (G2E) Asia 2023...
  • ‘Dragon Unleashed’ slot link by L&W at G2E in Singapore
    ‘Dragon Unleashed’ slot link by L&W at G2E in...

    May 17, 2023  

    Gaming content and equipment supplier Light & Wonder...
  • Sega Sammy Creation new multi-ETG at G2E in Singapore
    Sega Sammy Creation new multi-ETG at G2E in Singapore

    May 16, 2023  

    Casino equipment maker Sega Sammy Creation Inc is to...
  • Aristocrat at G2E Asia in Singapore previews Year of Dragon
    Aristocrat at G2E Asia in Singapore previews Year of Dragon

    May 09, 2023  

    Casino slot machine and digital gaming content provider...
  • IGT ‘Prosperity’ link in Asia show debut G2E in Singapore
    IGT ‘Prosperity’ link in Asia show debut G2E in...

    May 05, 2023  

    The Global Gaming Expo (G2E) Asia event in Singapore is the...
  • Thai parliament adviser on casinos attending G2E Singapore
    Thai parliament adviser on casinos attending G2E Singapore

    May 04, 2023  

    An adviser to a Thailand parliamentary committee mulling...

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$8.1 billion

Macau’s casino gross gaming revenue in the five months to May 31



Most Popular

  • Lam Yi Young resigns as deputy CEO Resorts World SentosaLam Yi Young resigns as deputy CEO Resorts World Sentosa June 2, 2023
  • MBS en route to US$500mln quarterly EBITDA: LVS bossMBS en route to US$500mln quarterly EBITDA: LVS boss June 1, 2023
  • China stimulus package could benefit Macau stocks: CBREChina stimulus package could benefit Macau stocks: CBRE June 2, 2023

Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us