Singapore

The outlook for the gaming industries in Singapore and Malaysia remains stable despite challenging economic conditions, Fitch Ratings says in a report.

Las Vegas Sands’ Singapore operation will see modest but consistent growth over the next few years, Forbes reports.

Singapore police said that 51-year-old Tan, also known as Tan Seet Eng was re-arrested on Tuesday Dec. 1, for “involvement in criminal activities.”, he was released only a week earlier when the high court found him to be held unlawfully.

Las Vegas Sands’ Singapore unit delivered a healthy set of Q3 results, showing the market it was resilient to the downturn in China VIPs and lending weight to the view the market may have bottomed out in the first half. 

Genting Singapore reported weaker-than-anticipated results in 15Q3 as it lost market share to rival Marina Bay Sands.

The emergence of skill-based slots and a better understanding of how to tailor machines to local markets is presenting manufacturers and operators with the opportunity to challenge the dominance of the table game in Asian casinos and attract a new type of player.

In a region traditionally dominated by table games there are signs that a new generation of slots can make an impact, as long as suppliers understand how to take a tailored approach

The emergence of skill-based slots and a better understanding of how to tailor machines to local markets is presenting manufacturers and operators with the opportunity to challenge the dominance of the table game in Asian casinos and attract a new type of player.



This content is for members only. To continue reading

Join Now

Integrated resorts have become a buzzword in the gaming industry, with investors and governments around Asia looking to the model as they prepare plans for new markets and properties.

Integrated resorts have become a buzzword in the gaming industry, with investors and governments around Asia looking to the model as they prepare plans for new markets and properties. However, as gambling revenue in Asia's biggest resorts declines is the IR model the right formula for success?



This content is for members only. To continue reading

Join Now

Las Vegas Sands 3Q earnings declined due to a 46-percent drop in profit at its Macau unit, though the figure was better than expected and Singapore proved a bright spot.

Adjusted net income decreased to $529.8 million, or $0.66 per diluted share, compared to $675.7 million, or $0.84 per diluted share, in the third quarter of 2014. That beat estimates compiled by Capital IQ by three cents.    

UBS has revised down its gross gaming revenue estimates for Singapore, expecting GGR to drop 11 percent year-on-year compared with 5 percent, due to weaker VIP trends.

Genting Hong Kong, which operates Star Cruises, has acquired Singapore's iconic club brand, Zouk, for an undisclosed sum.

Pages