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.

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.

 

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