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…
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…
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…
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…
Las Vegas Sands Corp. (LVS), led by billionaire Sheldon Adelson, has announced a $3.3 billion expansion of Marina Bay Sands in Singapore, the most profitable casino property on the planet. In a filing with the…
Resorts World Sentosa in Singapore is set for a $3.3 billion expansion, highlighted by the addition of Super Nintendo World and Minions World. Parent company Genting revealed the project this week, noting the development will…
Singapore’s casino entry levy program has delivered nearly $1 billion to the government since its introduction in 2010, according to new figures revealed in parliament. The city-state is home to two integrated resorts – Marina…
Genting Singapore Ltd. is one of seven major operators competing for Japan’s highly sought-after casino licenses, and its strong balance sheet may prove decisive. Maybank Kim Eng analyst Samuel Yin Shao Yang noted that Japanese…
Marina Bay Sands — the Singapore casino resort owned by Las Vegas Sands Corp. (NYSE: LVS) — is seeking up to $5.86 billion in financing, marking its first loan market entry since 2012. The move…
As expected, Genting Singapore and Melco Resorts & Entertainment (NASDAQ: MLCO) have officially advanced in Yokohama’s request for proposal (RFP) process, moving one step closer to securing one of Japan’s first three integrated resort (IR)…