Singapore to establish new regulatory authority in 2021 to oversee all gambling regulation
Singapore is set to establish a new Gambling Regulatory Authority (GRA) that will bring together the nation’s various regulatory bodies under a single agency. Set to be implemented by 2021, the GRA will see the current Casino Regulatory Authority (CRA),...
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Singapore casinos to close for one month as government shuts down non-essential services
Singapore’s integrated resorts, Marina Bay Sands and Resorts World Sentosa, will shut down almost all services this week after the government announced strict new measures to combat the spread of COVID-19 on Friday. With only essential services and key economic...
Genting Singapore reduces managerial wages amid dire profit guidance for 1H20
Genting Singapore, operator of Resorts World Sentosa (RWS), says it has slashed the pay of its executive and management teams due to falling revenues amid the global coronavirus pandemic. As part of new cost control measures, the company said it...
Genting Singapore to cease quarterly results reporting
Genting Singapore has announced that it will no longer release its financial information on a quarterly basis following recent amendments to listing rules on the Singapore Exchange. Instead, having taken costs, time and effort into consideration, Genting Singapore said it...
Integrated icon
As Singapore’s IR industry turns 10, Marina Bay Sands President and CEO George Tanasijevich explains why the iconic property has become the most profitable IR in the world. With its 55 story triple towers and the world’s most famous rooftop...
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KT Lim increases Genting Singapore stake following grant of award shares
Genting Group Chairman Lim Kok Thay has increased his stake in Singapore-based subsidiary Genting Singapore, operator of Resorts World Sentosa (RWS), following the grant of share awards under the company’s Performance Share Scheme. Lim was one of five Genting Singapore...
Marina Bay Sands, Resorts World Sentosa see minimal benefit from Singapore’s 2020 budget
The Singapore government announced its 2020 budget on Tuesday, with additional relief measures to support the tourism sector in the wake of the Coronavirus outbreak among the key features. However, Singapore’s two integrated resorts – Marina Bay Sands and Resorts...
Genting Singapore sees revenue fall 9% in 4Q19 on casino entry levy squeeze
Genting Singapore has reported a 9% year-on-year decline in revenue to SG$607.2 million (US$438 million) for the three months to 31 December 2019, including a 13% fall in casino revenue at Resorts World Sentosa, as the impact of the higher...
