Singapore
Sands China hit with US$562 million loss in Q3
Sands China reported a net loss of US$562 million in Q3, with net revenues falling 92.1% year-on-year to US$167 million. Group-wide operating losses were US$610 million with an 82 percent decline in net revenues.
Asia turns up heat on online gambling
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
Singapore arrests 35 in two gambling busts
Singapore police have arrested 24 people involved in illegal gambling and seized about $8,300 in cash in winnings.
LVS to kick off Q3 earnings, with narrower loss expected
Las Vegas Sands will be the first of the major operators to report its Q3 results on Wednesday, providing a snapshot of how the recovery process from the pandemic is faring in three major gaming jurisdictions.
Lagging Singapore to hold back Genting recovery
Fitch Ratings has joined rival agency Standard & Poor’s in expressing concern over the speed of recovery for Genting Bhd, citing a lag in Singapore, which is reliant on international tourism arrivals.
Air fares soar on Hong Kong/Singapore bubble news
The cost of air tickets between two major Asian financial hubs jumped within 24 hours of Singapore and Hong Kong unveiling plans for a travel bubble that wouldn’t require people to quarantine upon arrival.
Hong Kong-Singapore travel bubble a small step forward
The Hong Kong-Singapore travel bubble agreement is certainly a step forward in the process of the emergence from the Covid-19 pandemic, but few signs suggest that excessive optimism is warranted at this early stage.
Hong Kong-Singapore travel bubble agreed in principle
Singapore and Hong Kong have reached an in-principle agreement to establish a bilateral air travel bubble, which will exempt travelers from quarantines or stay at home notices.
Fincy pulls out of Chinese-backed gambling project in Myanmar
Singapore-based financial services firm Fincy has announced it will withdraw from a controversial development project run by Chinese investors accused of involvement in cryptocurrency and online casino operations near the Thai border in Myanmar’s Karen State.
Slow Singapore recovery leads to “negative” Genting outlook: S&P
Ratings agency Standard & Poor’s has reaffirmed Genting Malaysia’s BBB rating, but says the outlook is “negative” due to a slower-than-expected recovery in Singapore.
TRENDING ARTICLES
Coronavirus live updates: Macau gaming workers to face more Covid-19 tests
The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
500 .com auditor resigns over disagreement on Japan bribery case
Online sports lottery provider 500 .com has announced that its auditor, Friedman LLP, resigned last week in connection with the Japan bribery case, and...
500.com says no breach of foreign corrupt practices act
Online lottery company 500.com said a special investigative committee (SIC) established to probe its role into an alleged bribery scandal in Japan found that there had been no violation of the Foreign Corrupt Practices Act.
Sega Sammy Creation reported US$15 million loss in FY2019
According to the official government record, Sega Sammy Creation lost JPY1.56 billion (about US$15 million) in the year ending March 31, 2020.
Play’n Go: Keeping its promises
As we move towards the end of the year, we are also moving closer to Play’n GO fulfilling its promise of 52 top-quality games in 2020.