• 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 regulator renews licence of Resorts World Sentosa

Feb 01, 2019 Newsdesk Latest News, Singapore, Top of the deck  


Singapore regulator renews licence of Resorts World Sentosa

Singapore’s casino regulator has renewed the licence of the Resorts World Sentosa casino resort (pictured in a file photo). The Casino Regulatory Authority of Singapore and the owner of the casino resort, Genting Singapore Ltd, issued their own written statements late on Thursday saying the licence held by the operator, Genting Singapore subsidiary Resorts World at Sentosa Pte Ltd, had been renewed for a three-year period beginning from February 6.

The regulator’s four-line announcement said the operator had fulfilled the requirements of the law governing casinos.

The stockbroking arm of the Nomura investment banking group said in a note issued in December that it expected to see growth in rolling chip volume in the VIP gaming business at Resorts World Sentosa, bucking the trend at the competing Marina Bay Sands casino resort in Singapore.

Nomura expects Genting Singapore annual VIP rolling chip volume to grow by 5 percent this year and 5 percent in 2020. Nomura’s analysts based their prediction on the idea that increasing VIP credit would drive new and current customers from Southeast Asia and Northeast Asia.

The note said the amount of business Genting Singapore does in the mass market was unlikely to change significantly.

Back in 2007, Singapore issued a casino licence respectively to Genting Singapore and Las Vegas Sands Corp to each operate one gaming resort, namely Resorts World Sentosa and Marina Bay Sands.


  • tweet
Related articles
  • Singapore visitor tally in year to April beats full-2021
    Singapore visitor tally in year to...

    May 25, 2022  

  • RWS seeking to expand gaming customer base: exec
    RWS seeking to expand gaming customer...

    May 24, 2022  

More news
  • Alvin Chau indicted for illegal gaming, money laundering
    Alvin Chau indicted for illegal gaming,...

    May 26, 2022  

  • SJM confident of completing refinancing: Daisy Ho
    SJM confident of completing...

    May 26, 2022  


Latest News

Alvin Chau indicted for illegal gaming, money laundering

Alvin Chau indicted for illegal gaming, money laundering

May 26, 2022  

Macau’s Public Prosecutions Office has indicted Alvin Chau Cheok Wa (pictured in a file photo), former boss of Macau casino junket Suncity Group, with illegal gaming, criminal association, fraud,...
Read More
SJM confident of completing refinancing: Daisy Ho

SJM confident of completing refinancing: Daisy Ho

May 26, 2022  

Casino op Genting Malaysia 1Q revenue up 176pct

Casino op Genting Malaysia 1Q revenue up 176pct

May 26, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


540,430

Visitors arrivals to Singapore in the first four months of 2022



Most Popular

  • Wynn Macau Ltd asks managers to take 10pct wage in stockWynn Macau Ltd asks managers to take 10pct wage in stock May 24, 2022
  • Alvin Chau indicted for illegal gaming, money launderingAlvin Chau indicted for illegal gaming, money laundering May 26, 2022
  • Macau op debt to hit US$25bln unless travel eased 2H: MSMacau op debt to hit US$25bln unless travel eased 2H: MS May 24, 2022
  • Outbound group tours still paused: China immigrationOutbound group tours still paused: China immigration May 24, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us