A former Chinese gambler at Marina Bay Sands is suing the casino for allegedly transferring funds from his casino deposit accounts without his authorization, Bloomberg reports.
Wang Xi discovered in July that S$9.1 million (US$6.6 million) was missing from his account as a result of 22 transfers made between October and December 2015. Wang said he doesn’t know the people who allegedly received the money.
According to the lawsuit, which was filed in the High Court of Singapore, Marina Bay Sands told Wang that it had received authorization letters signed by him in Macao for the transactions.
Wang said the signature was copied and pasted onto the authorization letters and blamed the casino operator for failing to verify the authenticity of the letters and signatures.
Wang is represented by Paul Tan and Alessa Pang at Rajah & Tann Singapore LLP.
Marina Bay Sands has introduced a state-of-the-art hybrid broadcast studio, complete with holograms and virtual reality, as it seeks to salvage its MICE business.
From India to Australia, casinos across the Asia Pacific region have closed their doors in response to efforts to combat the spread of the coronavirus, with little to no visibility at present as to the evolution of the situation.
Marina Bay Sands has hired a top law firm in Singapore to look into potential employee transfers of more than $1 billion in clients’ funds to third parties, Bloomberg reports.
The creation of a travel bubble between Malaysia and Singapore is seen as a significant catalyst for the island’s two IRs, although severe capacity restrictions will create headwinds, according to Bernstein analysts.
Las Vegas Sands reported its financial results for the quarter ending June 30 and, as expected, they were grim, including a net loss of US$549 million at Sands China. Sands China revenues for the quarter came in at only US$40 million, which was a 98.1 percent drop from the same quarter in 2019. Marina Bay […]
Marina Bay Sands has agreed to settle a lawsuit from a Chinese gambler demanding S$9.1 million ($6.5 million), the South China Morning Post reports, citing a person familiar with the matter.
Singapore integrated resort Marina Bay Sands is set to reopen its hotel to the public from July 17, as part of its phased ramp-up of operations. In a press release, MBS said it would initially reopen Tower 1 rooms for bookings, which will include access to the Infinity Pool, spa, fitness club, restaurants, and Sampan […]
Bernstein Research issued a note on Monday anticipating a slow recovery for Singapore’s casinos once they reopen on July 1, with GGR unlikely to return to 2019 levels until 2023. “While Singapore has a larger locals market than Macau,” the note states, “Singapore would likely take longer to ramp up as it is more dependent […]
After three months of closure, the casinos at Marina Bay Sands and Resorts World Sentosa will be allowed to reopen from the first of July, according to an announcement from the Singapore Tourism Board. However, as a precautionary measure, access to the casinos will be limited to existing casino members and annual levy holders only, […]
Non-gaming shops at Marina Bay Sands have reopened to Sands Rewards loyalty program members after a two-month closure. At this point, all other facilities will remain closed, including the hotel, restaurants, casino, and exhibition center. The shops have taken various measures to prevent the further spread of Covid-19, including the introduction of various policies intended […]