Tuesday, June 18, 2019
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Asia’s IRs power up green initiatives

As concern mounts about the global environment, many of Asia’s giant IRs are taking significant steps to minimise their impact, investing heavily in green technologies and other waste control initiatives.

MBS drops case against Australian-Chinese gambler

Marina Bay Sands has dropped a case in which it sought to recover $10 million in gambling debts from an elusive Australian-Chinese business tycoon, local media reports.

Genting’s Nanami Kasasaki promoted to chief corporate officer

Genting Singapore has announced the promotion of Nanami Kasasaki to chief corporate officer, effective from May 31, a move which may represent the greater priority the firm is putting on gaining an IR license in Japan.

Operators strive for a sporting chance in new jurisdictions

Gaming companies have long recognised the lucrative potential of teaming up with sports, and as new jurisdictions open up to casinos, operators are seeking to leverage these ties to boost brand recognition, woo the public and dull the gambling edge.

Genting Spore Q1 beats estimates, but analysts cautious on outlook

Genting Singapore Q1 results topped expectations, mainly helped by a higher luck factor, though analysts say they are cautious about near-term prospects.  

MBS, Genting to pay fair market value for Singapore land

Marina Bay Sands and Genting Singapore will pay fair market value for the land they have been allocated as part of a S$9 billion ($6.65 billion) expansion of their properties in Singapore, local media reports.

Singaporeans pay S$1.3b in casino entry fees

Singaporean citizens and permanent residents have paid about S$1.3 billion in casino entry fees since the island state’s two IRs opened in 2010, local media reports.

Of silver linings and inconvenient truths: Singapore casino expansion

Singapore’s two integrated resorts will cast a longer reflection on the island state but new shadows cloud the horizon across the southern shoreline.

Genting Singapore expansion to have modest effect on leverage: Fitch

Genting Singapore’s S$4.5 billion plan to expand its non-gaming attractions will only have a modest impact on its leverage and earnings and therefore its credit rating remains unchanged, Fitch Ratings said in a report.

Singapore govt. winner in casino expansion

The Singapore government is seen as the main winner in the agreement to allow a $9 billion expansion of the island’s two integrated resorts,...

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