Marina Bay Sands is under investigation by the US Department of Justice over concerns that anti-money laundering regulations may have been breached on behalf of some VIP customers, according to a report by Bloomberg News.
Suspicions center around the casino’s handling of junkets, and even extends to the possibility that there may have been retaliation against whistleblowers.
The probe is said to be in its early stages, and Marina Bay Sands has indicated that it will cooperate with the US authorities.
Marina Bay Sands is one of the most profitable IRs in the world, though it has recently been undergoing a sustained period of lockdown. The closure was ordered by the government on April 7 and continues to the present. No date has been given for potential reopening.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.