Genting Singapore sets maximum US$10 billion investment in Japan IR
Genting Singapore, operator of Singapore’s Resorts World Sentosa, has revealed a maximum budget of US$10 billion for development of an integrated resort in Japan. The figure formed part of a circular to shareholders issued on Monday ahead of an extraordinary...
Read moreCurrent issue
Singapore gaming market to remain challenging: analysts
A slowing of the domestic mass market and continuing uncertainty in VIP will see Singapore’s casino market remain challenging in 2020, according to a note from Affin Hwang Capital. The assessment follows what the investment bank described as a “relatively...
LVS says Yokohama IR should be “iconic like Marina Bay Sands”
Las Vegas Sands Managing Director – Global Development, George Tanasijevich, says any integrated resort the company builds in Yokohama should become an iconic part of the city skyline and a major contributor to the city economy, emulating Singapore IR Marina...
Genting Singapore preparing Yokohama IR bid as RWS revenue slips in 3Q19
Genting Singapore has confirmed its intention to bid for a license to develop integrated resorts in both Osaka and Yokohama, stating its commitment to “delivering compelling proposals.” Providing an update on the company’s progress in its third quarter results announcement...
Singapore court rules against Australia’s Star Entertainment Group in record pursuit of AU$43.2 million gambling debt
Australia’s Star Entertainment Group has lost a bid to claim AU$43.2 million in unpaid gambling debts from a Singaporean businessman after a Singapore court threw the matter out last week. Star will instead be forced to pay 55-year-old Wong Yew...
Current issue
More pain to come from Singapore entry levy increase: Maybank
The operators of Singapore’s two integrated resorts, Marina Bay Sands and Resorts World Sentosa, are already feeling the pinch from a recent increase in the city’s casino entry levy, but there is more pain to come according to Maybank Investment...
Genting’s US$4 billion Resorts World Las Vegas on track for late 2020 opening
Resorts World Las Vegas, the US$4 billion integrated resort being built by Malaysian gaming giant Genting Berhad, is on track to open in late 2020. According to Las Vegas Review-Journal, development of the ambitious property is making solid progress with...
Gambler sues Marina Bay Sands over alleged illegal transfer of US$6.6 million in funds
A former gambler at Singapore’s Marina Bay Sands (MBS) is suing the casino for allegedly transferring SG$9.1 million (US$6.6 million) of his money to other patrons without his authority, Bloomberg reports. According to the lawsuit filed with the Singapore High...
