Singapore

Singapore’s tourism industry has shown continued growth in 2017, building on from a record year in 2016, though the figures still suggest that the bulk of the money being brought into the island state is not finding its way onto the casino floors.

Singapore saw an increase in visitor arrivals and tourism spending in the first half of 2017, according to data from the Singapore Tourism Board.

Casino operator Genting Singapore reported a 24 percent increase in net profit for the third quarter of 2017, attributed in part to increased gaming revenues.

Marina Bay Sands (MBS) posted solid earnings in the third quarter of 2017, boosted by both mass and VIP revenue.

58 suspects have been arrested in Singapore following a four-day multi-agency joint operation in September

Genting Hong Kong is looking to delist from the Singapore Stock Exchange and maintain only a single primary listing on the Hong Kong Stock Exchange.

Singapore’s two gaming operators reported an improvement in Q2 results, helped by cost controls, lower bad debts and higher premium play, though analysts see few catalysts for significant expansion of the market.

Casino operator Genting Singapore has announced it has dissolved and liquidated its subsidiary in Korea, Claremont Co. Ltd.

Singapore’s two gaming operators reported an improvement in Q2 results, helped by cost controls, lower bad debts and higher premium play, though analysts see few catalysts for significant expansion of the market.

 

Singapore’s two gaming operators reported an improvement in Q2 results, helped by cost controls, lower bad debts and higher premium play, though analysts see few catalysts for significant expansion of the market. In 2007, Singapore granted Las Vegas Sands and Genting Singapore a license for one resort each, with exclusivity until 2017. Those licenses were renewed in 2016 for a further three years, but the government is not expected to allow any new entrants, therefore keeping a lid on the size of the island-state’s gaming market. 

 



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Six suspects were arrested last week in Singapore for their alleged involvement in providing remote gambling services and taking part in remote gambling.

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