Singapore

The Ministry of Home Affairs has announced it will be imposing tighter regulations on clubs that feature jackpot machines over the next two years.

Betsoft Gaming have announced that they have signed a partnership deal with a new Asian-facing operator HBet63.

A dealer who was caught in February for misappropriating S$34,000 (US$24,600) worth of casino chips at Marina Bay Sands (MBS) has been sentenced to nine months’ jail on Tuesday.

The man behind Singapore’s biggest counterfeit casino chip scam has been sentenced to seven years and four months jail.

Las Vegas Sands President and Chief Operating Officer Rob Goldstein says Macau needs more hotel rooms to fully benefit from the potential of the mass market.

Asia’s casinos may face growing pressure from their banks as efforts to combat global money laundering increase, adding another level of scrutiny, compliance experts say.

 

Asia’s casinos may face growing pressure from their banks as efforts to combat global money laundering increase, adding another level of scrutiny, compliance experts say. Operators in the major gaming jurisdictions in the region are already facing increased regulation, with Macau introducing new rules in 2016 and the Philippines taking steps to bring the gaming industry under AML legislation for the first time.



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Casino operator Genting Singapore has dissolved two of its wholly-owned subsidiaries, Resorts World Marketing Pte. Ltd. and Medo Investment Pte. Ltd.

Casino operator Genting Singapore posted a 17-fold increase in first quarter net profit, partly due to the sale of its stake of a resort in Jeju, South Korea.

A Singapore court has convicted and jailed a third man involved in a scam last year to cheat the Marina Bay Sands of $19,700 ($14,000).

Regulators, operators and sports bodies need to improve international cooperation if they are effectively to tackle match fixing, which experts say is increasingly centred on Asia.

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