Wednesday, July 24, 2024

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Malaysia and Singapore gaming sectors poised for robust recovery in 2H24: HLIB Research

The Malaysia and Singapore gaming sectors are poised for a robust recovery in the second half of 2024, driven by increased tourist arrivals and regulatory developments, Hong Leong Investment Bank Research (HLIB Research) estimates.

Thai integrated resorts: Bangkok’s Khlong Toei to rival Singapore’s Marina Bay

The proposed Khlong Toei Entertainment Complex in Bangkok may anchor a 376-hectare site redevelopment in the nation's capital.

Daily Asia Gaming eBrief: Singapore’s threshold lowering bill could be passed in months

Change is right around the corner. Specifically for Singapore, the new bill aimed at upping customer due diligence could be passed within months and come into effect soon after. While improving the environment, it's likely to up costs for operators and could cause some frustration with punters, a top expert notes.

Singapore new bill lowering casino deposit threshold could be passed in months: Expert

The bill aimed at lowering the threshold on cash deposits in Singapore’s casinos could be passed “within the next few months”, with “implementation to follow soon thereafter”, points out a top industry expert.

Daily Asia Gaming eBrief: Gaming operators to invest $6.65B in transformative Singapore attractions

Just wait for it. Multi-billion dollar investment commitments by gaming operators Las Vegas Sands and Genting Singapore are expected to bring new and unique attractions to Singapore, according to industry expert Christopher Khoo.

Multi-billion investments to bring unique new attractions to Singapore

Multi-billion dollar investment commitments by gaming operators Las Vegas Sands (LVS) and Genting Singapore will bring new attractions to Singapore, which are expected to be “sufficiently different and outstanding”.

Coordinated Singapore and Malaysia Police crackdown dismantles illegal remote betting operation

In a joint transnational operation, Singapore and Malaysian police forces have foiled an organized criminal group believed to be behind illegal remote betting activities.

Daily Asia Gaming eBrief: Singapore lowers threshold for diligence on casino deposits

There's no such thing as too much oversight. Or at least that's the road that Singapore is taking, further lowering the threshold for due diligence on transactions in casinos, as it ups its AML/CFT measures to better align with the FATF.

Singapore lowers threshold for due diligence checks on casino deposits to $2.9K

The threshold for performing due diligence checks on cash deposits in Singapore casinos is going to be lowered, according to the city-state’s authorities, amongst tighter controls on counter terrorism financing (CFT).

Genting Singapore to record sharp 2Q24 EBITDA drop due to seasonal factors 

Genting Singapore, the operator of Singapore’s Resorts World Sentosa (RWS), is expected to see a significant decline in quarterly EBITDA for 2Q24, notes Morgan Stanley.