Singapore’s casino sector, long overshadowed by Macau, is showing early signs of recovery after years of decline triggered by China’s anti-corruption crackdown and economic slowdown. When Beijing’s campaign began in 2014, many believed Singapore would benefit as Chinese VIP gamblers…
For the first time since Singapore legalized commercial casinos in 2012, gaming is no longer the top driver of tourist spending. Visitors to the island nation are now spending more in malls than at the gaming tables. According to the…
Kong Linghui, one of China’s most celebrated table tennis champions, has been suspended from his role as coach of the national women’s team after being implicated in a gambling debt scandal involving Singapore’s Marina Bay Sands Casino. The controversy erupted…
Extending credit to high rollers may be easy for Singapore’s casinos, but recovering those debts is proving to be a persistent challenge. The number of VIP players failing to repay what they owe has risen sharply, creating growing concern for…
The mastermind behind a sophisticated casino chip counterfeiting scheme that defrauded Marina Bay Sands in Singapore of HK$1.29 million (US$165,500) has been sentenced to seven years in prison. On Wednesday (June 7), the court heard that 54-year-old Toh Hock Thiam…
Las Vegas Sands exceeded earnings forecasts, driven by a strong recovery in Macau and record-breaking results from its Marina Bay Sands resort in Singapore. In its latest financial disclosure, the company reported that Marina Bay Sands generated $492 million in…
Brokerage firm Sanford C. Bernstein has raised its 2017 VIP gross gaming revenue (GGR) forecast for Singapore casinos by 18%, citing stronger-than-expected performance from one major resort. In a research note released Friday, the firm projected that combined VIP revenues…
Genting Singapore reported robust third-quarter results, fueled by stronger-than-expected spending from high rollers at Resorts World Sentosa (RWS). The integrated resort operator saw profits jump 35% year-over-year, driven by solid performance from VIP and premium mass market segments. Overall gaming…
Singapore’s Second Minister for Manpower and Home Affairs, Josephine Teo, announced this week that the government is preparing to streamline its casino and gambling regulations. The goal: to safeguard an industry that generates significant revenue for the state while ensuring…
President Donald Trump has been nominated for the 2019 Nobel Peace Prize following his historic Singapore Summit with North Korean leader Kim Jong Un. Nearly a decade after Barack Obama won the award for his “extraordinary efforts to strengthen international…