Resorts World Sentosa and Marina Bay Sands have sued at least three Chinese high rollers to recover millions in unpaid gambling debts but have gotten nothing back, according to an investigation by Reuters. Genting's Resorts World sued Kuok Sio Kun of Macau to recover $1.8 million in credit extended in 2010 but after six months has yet to even successfully serve court papers to her.
Police arrested nine people and seized 20 computers in a raid on an alleged gambling den in a state-owned commercial building. One was chargd with operating a common gaming house while the others, aged between 33 and 71, were charged with gaming in a common gaming house.
Las Vegas Sands Corp. has hired Yee Siew Lee from Wynn Resorts Ltd. to be senior vice president of international marketing, Dow Jones Newswires reported, citing unnamed sources. Yee, who was also senior vice president at Wynn, will be based in Singapore and focus on high rollers.
Police arrested 11 people for illegal gambling in a raid on a shophouse in Little India and confiscated 11 computers. At least three of the people will be charged gaming in a common gaming house while another person will be charged with managing a common gaming house.
Singapore’s two casinos took in $5.85 billion in gaming revenues in 2012, representing growth of 8 percent. Marina Bay Sands, operated by Las Vegas Sands Corp. (NYSE: LVS) reported revenues of $2.94 billion, up from $2.36 billion a year earlier. Resorts World Sentosa, operated by Malaysia-based Genting (GENM:MK) posted $2.91 billion in revenues, up from $2.14 billion in 2011. The slightly disappointing numbers were attributed to a stagnant local market and slow growth in a limited pool of VIP players.