Friday, August 17, 2018

Singapore

Genting Singapore profit up 3 percent, revenue down

Genting Singapore recorded a 3 percent year-on-year rise in net profit attributable to ordinary shareholders of the company in 18Q2, but saw a six...

MBS announces two-days paid learning leave

Marina Bay Sands has announced the implementation of a two-day ‘learning leave’ initiative for its workforce. The initiative is believed to be a first in...

Authorities dismantle World Cup betting operation, arresting 31

Singapore police have taken down a multi-million dollar World Cup betting operation, arresting 31 suspects in total, local media reports. The suspects, all male,...

Will nightclubs make Asia’s non-gaming revenue dance?

Marina Bay Sands is bringing one of the world’s top nightclub brands to Singapore next year, becoming the latest of the region’s major IRs to add clubbing to the entertainment mix in the hope of duplicating the success of Las Vegas’ vibrant night scene.

Fitch affirms Genting Bhd, Genting Singapore rating at A- stable

Fitch Ratings announced this week that it has given Malaysia-listed Genting Bhd a long term foreign issuer default rating (IDR) of ‘A-’, a rating...

Marquee to make Asia debut in Marina Bay Sands

Nightclub brand Marquee will make its Asian debut at Marina Bay Sands in Singapore as part of a series of new initiatives designed to boost the resort as a nightlife destination.

First edition of Southeast Asia League to debut in Singapore

WeOne, a Blockchain-based esports tournament and gaming platform, together with esports organizer Cresmos, will host its first live esports tournament – Southeast Asian League...

No evidence entry fees prevent problem gambling

There has been no independent, peer-reviewed research into whether casino entry fees help to prevent problem gambling and some experts say the levies may make the problem worse.

Genting 18Q1 results beats on strong VIP volume

Genting Singapore posted a 3.3 percent increase in net profit in the first quarter of 2018, reaching S$217.2 million (US$162.3 million), driven mainly by...

Slot club numbers fall amidst tougher rules

The number of clubs offering slot machines in Singapore has fallen after the government introduced stricter rules in an effort to curb problem gambling, local media reports.

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M88 teams with Leicester City football club

Asian online gaming site M88 has been named as the official gaming partner of U.K. football club, Leicester City.

Rebidding process to occur mid next decade: Union Gaming

Analysts from Union Gaming expect that Macau’s six concessionaires will be given temporary license extensions until at least 2022, giving time for the new...

MGM and Galaxy win CSR awards

MGM Resorts and Galaxy Entertainment both won awards for their corporate social responsibility programs at an event organized by the Mirror Post of Hong Kong.

Pro-IR incumbent cruises to victory in Wakayama mayoral race

Wakayama Mayor Masahiro Obana on Sunday defeated his anti-casino challenger, Kumiko Shima, boosting the chances for an IR bid at the municipality’s Marina City...

SG further narrows loss with strong 18Q2 revenue growth

Gaming supplier Scientific Games saw its second quarter revenue rise 10 percent to $844.7 million, marking the company’s 11th quarter of consecutive year-on-year growth....