Singapore

BMM Testlabs’ Moosad Sreedharan presented at the recent Casino Regulatory Authority's Singapore Symposium on Casino Regulation and Crime.

Six suspects who were allegedly planning a rocket attack on the Marina Bay Sands resort were arrested in a raid on Friday morning, reports CNN.

Casino operator Genting Singapore’s net loss narrowed in the second quarter of 2016, as expenses and finance costs fell.

Money laundering and transnational crime will be some of the key concerns for casino regulators in Asia, said Lee Tzu Yang, the chairman of the Casino Regulatory Authority of Singapore.

Singapore’s two operators are seeking to add more non-gaming attractions to boost growth as income from their casinos continues to drag, with results released this week showing an unexpected drop in mass revenue at Marina Bay Sands.  

 

Singapore’s two operators are seeking to add more non-gaming attractions to boost growth as income from their casinos continues to drag, with results released this week showing an unexpected drop in mass revenue at Marina Bay Sands.  



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Union Gaming analysts have lowered their 16Q2 estimates for Genting Singapore after reviewing 16Q2 gaming trends via Las Vegas Sands’ Marina Bay Sands results.

Fitch Ratings has affirmed Genting Berhad’s Long-Term Foreign-Currency Issuer Default Rating (IDR) and unsecured rating at ‘A-’, according to a press release.

The Asian Cruise Association (ACA) estimates the market will triple in size by the end of the decade and countries around Asia are changing their rules to capture a greater share of the traffic.

The Asian Cruise Association (ACA) estimates the market will triple in size by the end of the decade, catering to around 3.8 million passengers, with 1.6 million coming from China alone and with on-board casinos a key part of the draw. Asia's increasingly wealthy middle class eye cruises, with the region's ports changing regulations to lure in the ships.



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The newly opened restaurant at Genting's Resorts World Singapore is just one example of the casino operator’s efforts to attract the mass market.

Bernstein has downgraded Genting Singapore from Outperform to Market Perform as a result of a significant amount of cash held in the company’s balance sheet, according to a note on Monday.

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