Singapore

Singapore’s two IRs are seeing improved profit due to cost cuts and operational efficiencies, but topline growth continues to be lacklustre with no new catalysts for gaming growth and increasing competition from other regional destinations.

Gaming addiction is viewed as a major challenge across Asia, with growing access to online and mobile gaming raising the risk for problem behaviour, researchers say.

 

Gaming addiction is viewed as a major challenge across Asia, with growing access to online and mobile gaming raising the risk for problem behaviour, researchers say. Concern over problem gambling is often cited as a key reason why regional governments ban access to casinos for their residents and how to effectively tackle the issue may play a role in shaping future legislation.



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Gaming revenue in Singapore is expected to remain at around US$4 billion in 2017 as the VIP segment continues to wane, said Fitch Ratings in a note on Tuesday.

Las Vegas Sands subsidiary Marina Bay Sands is looking to sell 49 percent of its stake in luxury mall, the Shoppes for US$3 billion to US$3.5 billion.

Over 88 outlets and four LiveWire betting venues run by Singapore Pools had to suspend their sports betting services and winnings collection over two days as a result of a technical issues.

 Assertions that Malaysia is now Southeast Asia’s epicenter for match fixing didn’t go down well with the country’s authorities. But just how accurate are these claims and why do so many fixes emanate from this part of the continent? It was during a forum on match fixing in Singapore that sports integrity consultant Chris Eaton ruffled a few feathers by suggesting Malaysia had supplanted Singapore as the fixing hub in Southeast Asia following a crackdown in the city-state. 

 



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Japan will prove to be the largest opportunity in gaming today and all hospitality companies will be active in the market evaluating the potential opportunity while the legislation is being written.

Regulators and policymakers alike will come under increasing pressure to address issues such as the integrity of sports betting, whether social gaming should be regulated, what prescriptive standards and requirements should be set aside in favour of risk-based regulatory oversight, and how emerging technologies like virtual reality games should be evaluated for suitability to be offered as gambling propositions.

Universal Entertainment Corp. chairman Kazuo Okada says the Philippine gaming market could soon surpass Singapore as more Chinese tourists flow into the country.

The number of gaming companies forced to adopt security solutions to protect their networks will likely soar over the next three years as firms confront a growing number of internet attacks, with Asia likely to be at the forefront of the problem.

The number of gaming companies forced to adopt security solutions to protect their networks will likely soar over the next three years as firms confront a growing number of internet attacks, with Asia likely to be at the forefront of the problem.



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