Tag: Singapore

Las Vegas Sands executives affirmed the company’s properties in Macau and Singapore will drive its future, speaking during the firm’s Q2 earnings call, although they did not rule out pursuing new land-based venues in the US.

The operator of Resorts World Sentosa acknowledged that international visitor arrivals to Singapore “will be unlikely to return in the near term”.

Marina Bay Sands and Resorts World Sentosa were granted permission to reopen at the start of July.

The government in Singapore has extended the exclusivity period for Marina Bay Sands and Resorts World Sentosa until the end of 2030, while a new two-tiered

Following the much anticipated passing of the Integrated Resorts Implementation Bill by the Japanese Upper House on 20 July, Genting Singapore is predicted to be recipient of the country’s first casino licence. With only three initial permits predicted to be awarded in 2020, analysts have suggested that the cash reserves and responsible policies of the leisure and casino operator make...

Resorts World Sentosa operator Genting Singapore reported net profit of SGD177.6m ($129.6m) for Q2 2018, compared to SGD143.3m in the same period last year. The improvement in profit was despite a six percent decline in revenue, the company said in filing on 3 August. Genting Singapore reported gaming revenue of SGD406. 1m for the three months to 30 June, down...

The Genting Group has reported its first quarter revenue hit $1.3bn, a 10.1 percent rise on the same period last year. The increase comes despite net profit declining 9.8 percent, after one-off asset sales in Q117 added $97m to the figure for the period. In a statement to the Bursa stock exchange, the group added that the strong performance of subsidiary...

Gaming professionals from Brazil to Botswana, Germany to Ghana and Lithuania to Lesotho will be amongst the delegates expected at the inaugural Gaming Africa, Clarion Gaming’s two day conference and learning symposium being held across 24th and 25th October in Johannesburg. Representatives from a total of 47 nations have registered to be part of the free to attend event, including...

Asia News round-up   Macau and Mainland China revise tax contracts to increase transparency Specific areas of tax legislation were revised in a recent meeting between Mainland China and the Macau Special Administrative Region to push for fairer and more transparent taxation in the region. The meeting in Beijing between Secretary for Economy and Finance, Lionel Leong Vai Tac, and the Deputy Administrator...

The Las Vegas Sands Corporation’s Singapore venture, Marina Bay Sands, has been granted permission to operate in the city state for a further three years. Last month, an announcement from Singapore’s Casino Regulatory Authority (CRA) said that the licence to operate the integrated resort been renewed, effective April 26. The renewal process followed on from an assessment conducted by the regulator...