Singapore

Singapore inaugurates new Gambling Regulatory Authority watchdog

August 16, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Lottery, Licenses, Online Gambling News, Singapore

Some five months after ratifying new regulatory legislation and the government of Singapore has reportedly inaugurated its new Gambling Regulatory Authority watchdog as a direct replacement for its former Casin...

Singpore’s new Gambling Control Act effective today

Sadonna Price

August 1, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Singapore

Originally passed earlier this year, the Gambling Control Act of Singapore comes into effect today. The law bans proxy gambling via gaming machines in the region. The Gambling Regulatory Authority of Singapore ...

Las Vegas Sands Corporation records second-quarter net loss of $290 million

Adam Morgan

July 21, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Singapore

American casino operator Las Vegas Sands Corporation has released its second-quarter unaudited financial results showing that its net loss for the three-month period rose by slightly over 51% year-on-year to hi...

MGM Resorts International said to be considering Genting Singapore Limited purchase

Adam Morgan

July 15, 2022

Casino Sales, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Singapore

Fresh from completing its takeover of the prestigious The Cosmopolitan of Las Vegas property and American casino operator MGM Resorts International is reportedly rumored to be looking into the possibility of bu...

Depressing gambling revenues forecast for Genting Singapore Limited

Adam Morgan

May 11, 2022

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Asian Casino News, Singapore

Malaysian investments specialist Maybank Investment Bank Berhad has reportedly predicted that gross gambling revenues for Asian casino operator Genting Singapore Limited will likely remain at least partially de...

Las Vegas Sands Corporation boss expresses Marina Bay Sands optimism

Adam Morgan

April 28, 2022

Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Economy/Finance, Singapore

The boss for American casino operator Las Vegas Sands Corporation has reportedly announced that he expects his company’s Marina Bay Sands property to rack up $1 billion in adjusted earnings before interest, tax...

Genting Malaysia Berhad boss potentially interested in launching a cruise line

Adam Morgan

April 19, 2022

Casino News, Casino Cruise Ships, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, Singapore

In Asia and speculation is reportedly mounting that the well-known Chairman for Genting Malaysia Berhad could reportedly be about to launch a new cruise line some three months after the liquidation of his Genti...

Improved financial forecast for Genting Singapore Limited

Adam Morgan

April 11, 2022

Casino News, Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Economy/Finance, Singapore

Malaysian financial services firm RHB Investment Bank Berhad has reportedly increased its target price for Asian casino operator Genting Singapore Limited owing to the recent lifting of a range of local coronav...

IGT Global Services Limited to power Singapore Pools lottery

Sadonna Price

March 22, 2022

Latest Casino and Gambling News, Lottery, Mergers, Acquisitions & Partnerships, Singapore

This week, International Game Technology (IGT) announced its subsidiary IGT Global Services Limited has signed a new deal in Singapore. The subsidiary will now use the Aurora lottery system to power gaming for ...

Singapore parliament approves wide-ranging Gambling Control Act

Adam Morgan

March 14, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Online Gambling News, Singapore

The parliament of Singapore reportedly approved the city-state’s proposed Gambling Control Act on Friday alongside a measure that will see the jurisdiction establish an official regulatory agency for all local ...

Genting Singapore Limited expresses optimism despite depressed financials

Adam Morgan

February 17, 2022

Casino News, Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Singapore

Asian casino operator Genting Singapore Limited has reportedly expressed ‘a sense of optimism’ about the future despite seeing its net profit for the final six months of 2021 fall by 49% year-on-year to approxi...

New gambling regulator coming to Singapore this year

Sadonna Price

February 14, 2022

Gaming Law & Legislation, Latest Casino and Gambling News, Singapore

Later this year, Singapore will establish a new gambling regulator known as the Gambling Regulatory Authority (GRA). The change will take place thanks to two new bills that were introduced for reading in Parlia...

Marina Bay Sands begins $1bn revitalization project in Singapore

Sadonna Price

February 9, 2022

Latest Casino and Gambling News, Casino expansion projects, Singapore

A few changes are coming to the Marina Bay Sands in Singapore, with the operator set to spend $1 billion to revitalize the facility. The plan marks the largest reinvestment for the property since it started off...

Singapore passes legislation to introduce a tiered casino tax system

Adam Morgan

January 11, 2022

Casino News, Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Economy/Finance, Licenses, Taxation, Singapore

In Singapore and legislators have reportedly amended the Casino Control Act following over two years of discussion and debate to institute a new tiered tax system for the island nation’s pair of giant integrate...

Resorts World Sentosa advanced AI surveillance scheme suffering delays

Adam Morgan

December 6, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino Cheating, Gaming Industry News, Technology, Data Protection, Mergers, Acquisitions & Partnerships, Crime, Singapore

In Singapore and a project that was due to increase casino security within the Resorts World Sentosa development via the use of artificial intelligence (AI) has reportedly been delayed owing to numerous technic...