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01, Mar, 2013

In its new research note entitled “Let the Games Begin”, Credit Suisse declared that it was positive about the prospects of the Philippine gaming market, predicting a compounded annual growth rate of 28 percent between 2012 and 2018.  The report pointed to the fact that the Philippines has a population three times larger than that of Singapore, Macau and Malaysia combined and that it has the fastest growing working population in emerging Asia.

22, Feb, 2013

 

The Casino Regulatory Authority has fined Las Vegas Sands Corp’s Singapore casino S$475,000 ($384,500) for disciplinary breaches that occurred during the period September 2011 to June 2012.  The disciplinary breaches include failing to retain certain casino surveillance footage for the period required as well as other inadequacies in the casino surveillance system, according to the CRA’s website.

 

08, Feb, 2013

 

The Casino Regulatory Authority of Singapore issued a statement confirming the renewal of the casino license for Resorts World at Sentosa by Genting's Singapore arm. The renewal is for three years effective from February 6, and follows an assessment by the authority that the casino conforms with its rules.

 

08, Feb, 2013

 

Singapore is at the epicentre of a global match fixing scandal. A Europol five-country investigation has linked 380 suspicious matches involving players, referees and officials all over the world to a Singaporean crime syndicate. The city state authorities, known for their relentless enforcement of draconic regulations in Singapore, have given their full support to the international investigation. Europol believes the syndicate has rigged hundreds of games, including Champions League matches and World Cup qualifiers. 

 

03, Feb, 2013

As the Casino Regulatory Authority of Singapore fines the gaming concessionaires for breaching the most recently enacted responsible gambling policies - including for allowing patrons to spend more than 24 hours on the gaming premises - Marina Bay Sands is now deploying its own responsible gaming program. Developed in conjunction with the University of Nevada Las Vegas, the program has already trained a crew of 150 on how to interact with patrons who may need assistance with problem gambling issues, or display related signs of distress.

03, Feb, 2013

The Genting Group could be in for an event-driven year according to CIMB Research. The research firm believes the Group is in expansion mode empowered by its USD $7.56 billion in unencumbered cash and consolidated balance sheet.

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