Singapore

 

 

Dan Tan Seet Eng, the Singaporean seen at the center of a global soccer match-fixing ring, is "currently assisting the Singapore authorities in their investigations", according to a statement by police. Tan was charged in absentia in Hungary last week. Singapore said it had asked Hungary for approval to interview a witness and for more information and said a German police team had visited Singapore in early May to exchange information. Hungary has also charged 44 of its nationals in the case.  

 

 

Police arrested four women and a man and seized three electronic mahjong tables in a raid on an illegal gambling den in one private apartment and arrested two men in a four-hour operation at another. The police also seized 19 computers in the second raid. 

 

 

A Malaysian man was fined S$3,000 ($2,390) for stealing two S$1,000 casino chips at the Marina Bay Sands casino. Mong Wai Cheong pleaded guilty to grabbing the chips after Singaporean gambler Loi Kheng Chin put them down as a bet on "small" at a sic bo table before moving to another table to bet more.

 

 

Lee Lim Kiong, a director of PSM Fasteners, was sentenced to 4 1/2 years imprisonment after pleading guilty to two charges  of criminal breach of trust as a servant. Lim is said to have embezzled nearly S$800,000 ($636,000) from his employer, using much of the money to gamble in Macau casinos. Police separately arrested a chief cashier from Standard Chartered Bank last week for allegedly embezzling S$500,000. She was arrested carrying S$4,905 in gaming chips.

 

 

Police arrested 13 Thais and one Laotian for alleged baccarat cheating at the Marina Bay Sands casino. The group alleged won S$1.2 million ($964,000) through collusion while playing in the early hours of May 7.

 

Marina Bay Sands reported a 21.6 percent drop in operating income for the first quarter from a year earlier as its VIP hold rate dropped steeply. Total revenue for the Las Vegas Sands Corp. property fell 6.3 percent to $794.9 million, as casino revenues dropped 8.7 percent to $640.2 million and operating income hit $292.7 million. The hold rate on VIP gambling fell to 2.51 percent from 3.58 percent though VIP volumes rose 42.2 percent to a record $18.2 billion. Mass market volumes rose a subdued 2.4 percent and slots 1.6 percent.

Genting Singapore PLC reported a 31 percent drop in net profit in the first quarter from a year earlier, which the company blamed a fall in its VIP hold rate at Resorts World Sentosa. Total revenue declined 15 percent to S$669.6 million ($542.4 million) as gaming revenue fell 20 percent to S$521.2 million. Net profit stood at S$145.4 million.  The VIP hold was 2.1 percent, compared to a usual 2.85 percent-3 percent rate, though VIP betting volumes reached a record. The new Marine Life Park helped boost non-gaming results.

Pages