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…
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 U.S. Securities and Exchange Commission,…
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 Bay Sands and Resorts World…
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 regulators are expected to prioritize…
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 is expected to test lenders’…
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) licenses. Japan’s second-largest city announced…
Las Vegas Sands Corp. (NYSE: LVS) recently posted second-quarter results that fell short of Wall Street expectations, sending shares down 5.5% over the past week. Still, analysts see the company’s long-term outlook as compelling, driven by its dominant presence in…
Genting Singapore has notified the Singapore Exchange that it plans to raise up to ¥3.24 billion in yen-denominated corporate bonds, with proceeds earmarked for its proposed integrated resort project in Japan. The operator of Resorts World Sentosa—one of only two…
Las Vegas Sands (NYSE: LVS) is reportedly seeking nearly $9 billion through a three-tranche loan to fund the expansion of its Marina Bay Sands resort in Singapore. The proposed financing—set to be the largest corporate loan in Singapore’s history—includes $5.6…
Streamer Adin Ross’s sudden decision to flip a $1 million wager from Canelo Álvarez to Terence Crawford just minutes before Saturday’s fight has sparked a wave of speculation online — with some suggesting the move hinted at insider knowledge or…
A new report from the Progressive Policy Institute (PPI) suggests that regulated online sports betting (OSB) isn’t fueling higher bankruptcy rates or declining credit scores in states where it’s legal. Analyzing data from 2019 to 2024, PPI found no evidence…