Marina Bay Sands expansion to target premium mass segment: Goldstein
Las Vegas Sands (LVS) President and Chief Operating Officer Rob Goldstein has pointed to the lucrative premium mass segment as the primary target of the company’s US$3.3 billion expansion of Singapore integrated resort Marina Bay Sands (MBS). Explaining the long-term...
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Genting Singapore to reduce debt by US$500 million
Genting Singapore Ltd has announced that its wholly-owned subsidiary Resorts World at Sentosa Pte. Ltd – the operating entity of Singapore IR Resorts World Sentosa (RWS) – will make a voluntary prepayment of SG$680 million (US$503 million) in outstanding debt....
More Singapore locals sought help for problem gambling in 2018
Singaporean authorities have reported an increase in the number of people undergoing professional counselling for gambling addiction, with 967 people seeking help in 2018 – the highest number since 2014 when 1,035 sought help. The figures, released by Singapore’s National...
Increased entry levy to hurt Genting Singapore in 2019 and beyond: analysts
A 50% increase in the entry levy to be imposed on locals entering Singapore’s two integrated resorts will hurt Genting Singapore’s short-term bottom line, according to analysts, including a potential 15% fall in gross gaming revenue in 2019. The predictions...
Las Vegas Sands, Genting Singapore enter government agreement for major expansion of Singapore IRs
The Singapore Tourism Board has reached an agreement with Las Vegas Sands (LVS) and Genting Singapore that will allow the them to significantly expand their respective integrated resorts, Marina Bay Sands (MBS) and Resorts World Sentosa (RWS). The news will...
Tight Singapore regulatory environment to aid Genting Singapore in Japan IR bid, says Chairman
Genting Singapore’s proven track record in one of the most regulated gaming jurisdictions in the world will give the company “an edge over our competitors” in the race to win one of three licenses to operate a Japanese integrated resort,...
Australia’s Star Entertainment Group launches Singapore court case in pursuit of AU$43 million gambling debt
Australia’s Star Entertainment Group is suing a Singaporean businessman in the Singapore High Court for AU$43.2 million in unpaid gambling debts in what is believed to be the largest casino debt case the Southeast Asian nation has seen. As reported...
Jason Tomas: Explorer’s spirit
Having recently arrived in Macau as Product Marketing Manager for SG Gaming, Jason Tomas sits down with IAG to discuss his career journey from the Philippines to his new home.
