Singapore court says public policy behind 2019 ruling against Australia’s Star Entertainment Group in AU$43 million gambling debt case
Singapore’s International Commercial Court has revealed that its 2019 ruling against Australia’s Star Entertainment Group in its quest to recoup AU$43.2 million (US$30 million) from a Singaporean businessman who refused to repay his gambling debts was due to public policy...
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Former Resorts World Sentosa dealer jailed for stealing US$89,000 worth of casino chips
A former dealer at Singapore’s Resorts World Sentosa has been jailed for more than 20 months after stealing SG$124,000 (US$89,000) worth of casino chips over the course of two months in 2019. The Straits Times reports that 25-year-old Malaysian man Yeoh...
Bloomberry files appeal against Singapore High Court decision on US$296 million award to former Solaire partner GGAM
Subsidiaries of Bloomberry Resorts Corp filed on Monday an appeal to the Singapore Court of Appeal against a recent decision by the Singapore High Court dismissing a petition to set aside/resist enforcement of a US$296 million award to former Solaire...
Singapore casinos to reopen on 1 July
The casinos at Marina Bay Sands and Resorts World Sentosa are among 13 Singapore entertainment attractions granted permission to reopen from this Wednesday 1 July. The Ministry of Trade and Industry and Singapore Tourism Board announced Sunday that it had...
APAC-facing gaming companies to see 70% aggregated EBITDA decline in 2020: Moody’s
The aggregated EBITDA of gaming companies with exposure to the Asia-Pacific region is tipped to fall by around 70% in 2020, before making a gradual recovery next year, according to ratings agency Moody’s. In research published last week, Moody’s noted...
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Marina Bay Sands to reopen five self-operated restaurants from Saturday
Singapore’s Marina Bay Sands (MBS) has announced it will reopen five of its self-operated restaurants this Saturday 27 June 2020 as it continues the progressive resumption of business operations. Having reopened more than 200 tenanted retail and F&B outlets at...
OPINION: Macau should ditch Japan model and adopt Singapore framework for licensing
While the Macau gaming operators are eagerly anticipating a potential loosening of COVID-19 border restrictions so they can return to sustainable operations, a more looming question is probably on the mind of its long-term investors – that of the impending...
Lenders agree to amend Marina Bay Sands facility agreement terms through 2021
Marina Bay Sands Pte. Ltd, the operating entity of Las Vegas Sands’ Singapore integrated resort Marina Bay Sands, says it has entered into an amendment letter with its lenders to amend a facility agreement originally dated 25 June 2012 and...
