Singapore

Genting Singapore, whose 2015 profit plunged by 70 percent to S$193.1 million ($138 million), is expected to suffer more pain ahead as it struggles to reposition the brand and recover from prior lending policies.

Tourist arrivals in 2016 are likely to exceed forecasts from the Singapore Tourism Board, said Credit Suisse in a report.

Las Vegas Sands Corp’s Marina Bay Sands resorts has had its casino license renewed for the next three years, local media reports.

Sports betting integrity leader ESSA is working towards broadening its reach in Asia, as the latest statistics from the group reinforce the region's growing reputation as a match-fixing hotspot.

 

Sports betting integrity leader ESSA is working towards broadening its reach in Asia, as the latest statistics from the group reinforce the region's growing reputation as a match-fixing hotspot. ESSA Secretary General Khalid Ali in a recent interview with AGB said he sees greater regulation in the region as ultimately being inevitable in the fight to stamp out corruption in sports, although it may be a slow process.



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Casino operator Genting Singapore has announced that it has dissolved two more subsidiaries this week.

Genting Singapore announced on Friday that its indirect wholly-owned Macau subsidiary, Genting Star (Macau) Limited (GSML) has been dissolved and liquidated.

Genting Singapore has confirmed a final dividend of SGD0.015 (US$0.01) per share for the year ending Dec. 31, 2015.

Las Vegas Sands Corp. chairman and CEO says he’s considering selling Marina Bay Sands’ retail assets after a government-imposed moratorium expires next year, Bloomberg reports.

Macau casino operator Sands China Ltd reported 16Q1 profit fell 9.6 percent year on year, a result of a challenging operating environment in Macau.

Genting Singapore, whose 2015 profit plunged by 70 percent to S$193.1 million ($138 million), is expected to suffer more pain ahead as it struggles to reposition the brand and recover from prior lending policies.  

 

Genting Singapore, whose 2015 profit plunged by 70 percent to S$193.1 million ($138 million), is expected to suffer more pain ahead as it struggles to reposition the brand and recover from prior lending policies.  Singapore’s two casinos have both been at pains to find catalysts for growth, with the highly regulated market offering little room for further expansion. However, Resorts World Sentosa appears to be slipping further behind its rival Marina Bay Sands. We take a look at views for its prospects.



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