Saturday, April 20, 2024

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Singapore bars individuals receiving criminal legal aid from accessing casinos

A new Singapore regulation effective since April 1 prohibits individuals receiving criminal legal aid from entering casinos, jackpot rooms, or accessing their Singapore Pools betting accounts while they are under representation.

Singapore takes lead over Thailand and Vietnam in wooing Chinese tourists back

Singapore has outpaced its neighbors in regaining Chinese tourists, boasting a 96 percent recovery rate, well ahead of Thailand and Vietnam.

China urges citizens to avoid gambling in Singapore

China's embassy in Singapore issued a strong advisory to its citizens, urging them to refrain from any form of betting while in the city-state, citing violations of Chinese laws regarding overseas gambling.

Mohegan’s INSPIRE to help Korean island become Singapore and Macau competitor: officials

Mohegan Inspire Entertainment Resort celebrated its grand opening on Tuesday with the completion of the first phase of a four-stage development project in South Korea.

Singapore’s tourism growth to slow amid elevating competition: Insider 

Singapore is expected to experience a slowdown in tourism and gaming in 2024 due to escalating competition in the region, says Tradeview Capital Sdn Bhd CEO Ng Zhu Hann.

Maybank trims Genting Singapore profit estimates despite optimistic outlook

Although maintaining a ‘cautiously optimistic’ outlook for Genting Singapore in 2024, Maybank cuts its EBITDA and core net profit estimates by 6 percent and 11-12 percent, respectively.

Genting Singapore’s net profit tops $456M in 2023, up 80% year-over-year

Genting Singapore has announced a net profit of SG$611.6 million ($456 million) for the fiscal year 2023, which concluded on December 31st, marking an 80 percent increase year-over-year.

Singapore Tourism Board, UOB, MBS, launch over 50 Marina Bay Experiences

The Singapore Tourism Board, Marina Bay Sands & UOB have unveiled a collection of new experiences for local visitors and international tourists.

Singapore and China to implement mutual visa-free policy

China and Singapore signed an agreement on Thursday for mutual visa exemption, set to take effect from February 9th.

Daily Asia Gaming eBrief: Macau, the Philippines and Singapore: How did market share shift?

It’s comparison time, as IGamiX Managing Partner Ben Lee takes a look at three top Asian gaming hubs: Macau, the Philippines and Singapore, and describes which operators gained most and which lost out as demographics, legislation and visitation shifted. The Philippines, for example, has witnessed a considerable development according to Lee, thanks to the “fantastic growth seen in Manila”. Meanwhile, S&P Global Ratings expects that Macau’s real GDP will rebound strongly by about 78 percent in 2023 and then 10 percent in 2024.