Singapore

Sands China Limited records second-quarter earnings deficit

July 23, 2020

Latest Casino and Gambling News, Economy/Finance, Asian Casino News, Macau, Mergers, Acquisitions & Partnerships, Singapore

The Sands China Limited subordinate of American casino operator Las Vegas Sands Corporation has reportedly announced that its aggregated net income for the three months to the end of June plummeted by over 200%...

Marina Bay Sands operator agrees out-of-court settlement

Adam Morgan

July 20, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Crime, Fines, Lawsuits & Litigation, Singapore

In Singapore and the operator behind the iconic Marina Bay Sands integrated casino resort has reportedly signed an out-of-court settlement that is to see it compensate a former high-value patron to the tune of ...

Resorts World Sentosa details looming round of employee layoffs

Adam Morgan

July 15, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Employment & Careers, Labor Relations, Singapore

In Singapore and the operator behind the gambling-friendly Resorts World Sentosa complex has reportedly announced that it is set to initiate a round of layoffs so as to be better able to cope with a recent down...

Singapore casinos to partially re-open from Wednesday

Adam Morgan

June 29, 2020

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

In Singapore and the casinos within the Resorts World Sentosa and Marina Bay Sands facilities will reportedly partially re-open for business from Wednesday after being temporarily shuttered on April 7 in respon...

Light at the end of the coronavirus tunnel for pair of Singapore casino resorts

Adam Morgan

June 18, 2020

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

After being completely shuttered a little over ten weeks ago due to the coronavirus pandemic and the two giant integrated casino resorts in Singapore have now reportedly announced that are to begin re-opening s...

Investigation could hurt VIP business at Marina Bay Sands

Adam Morgan

June 8, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Crime, Fines, Lawsuits & Litigation, Singapore

A leading investment bank has reportedly warned that the recently-launched probe looking into whether Singapore’s Marina Bay Sands may have breached anti-money laundering procedures could end up costing the ico...

Las Vegas Sands Corporation facing Marina Bay Sands probe

Adam Morgan

June 5, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Crime, Fines, Lawsuits & Litigation, Singapore

American casino operator Las Vegas Sands Corporation is reportedly facing an official federal probe into whether its Marina Bay Sands venue in Singapore breached anti-money laundering regulations. According ...

Casino resorts in Singapore to remain closed through June 1st

Sadonna Price

April 22, 2020

Latest Casino and Gambling News, Singapore

The Marina Bay Sands and Resorts World Sentosa of Singapore have announced they will remain closed until June 1st due to Covid-19. The extended closure is in effect to help slow the spread of the virus. The ori...

Las Vegas Sands Corporation aborts dividend program amid coronavirus concern

Adam Morgan

April 17, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Casino expansion projects, Casino closures, Gaming Industry News, Economy/Finance, Macau, Singapore

American casino operator, Las Vegas Sands Corporation, has reportedly announced the suspension of its dividend program for 2019 so as to give it ‘maximum optionality’ in securing returns following the end of th...

Singapore casinos fall victim to temporary coronavirus closure orders

Adam Morgan

April 6, 2020

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

The government of Singapore has reportedly ordered the city-state’s two giant integrated casino resorts to close for a month as it steps up efforts to combat a coronavirus pandemic that is so far thought to hav...

Singapore announces plans to establish a new chief gambling regulator

Adam Morgan

April 3, 2020

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

The government of Singapore has reportedly announced plans that are to see it establish of a new centralized regulator so as to be able to take a more ‘holistic approach’ towards overseeing the local gaming ind...

Singapore casinos taking steps to stop the spread of coronavirus

Adam Morgan

March 26, 2020

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

The two giant integrated casino resorts in Singapore have reportedly followed government orders in instituting a number of new measures that have been designed to stop the spread of a highly contagious coronavi...

Coronavirus downturn prompts wage cuts from Genting Singapore Limited

Adam Morgan

March 18, 2020

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

The Singapore-headquartered arm of Asian casino giant Genting Malaysia Berhad has announced that it will be reducing the salaries of its senior staff as a way to cut costs in light of the ‘massive disruption to...

SJM Holdings Limited boss asking for coronavirus tax relief

Adam Morgan

February 20, 2020

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

The boss for Macau casino operator SJM Holdings Limited has reportedly asked the local government to consider handing out tax breaks so as to help gambling firms recover from the financial impacts of the enclav...

Las Vegas Sands Corporation records mixed fourth-quarter results

Adam Morgan

January 30, 2020

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

American casino operator Las Vegas Sands Corporation has reportedly announced that it saw company-wide net revenues for the final three months of 2019 increase by 1% year-on-year to $3.51 billion despite chalki...