Singapore’s casino duopoly — Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) — may soon face serious competition just across the border, as rumors swirl about a potential integrated resort in southern Malaysia’s Forest City. According to a Bloomberg…
The company is expected to unveil further details later this year about a potential $7.5 billion expansion project. While a fourth hotel tower is already in the works, it will not include a new casino. However, reports suggest Sands may…
Singapore will soon enforce stricter reporting requirements on casino cash transactions, the Gambling Regulatory Authority (GRA) announced Monday, as part of broader efforts to combat money laundering and terrorism financing. Under the new rules, due diligence checks will be required…
A croupier at Resorts World Sentosa has been sentenced to one year and three weeks in prison after pleading guilty to stealing tens of thousands of dollars using sleight of hand techniques at the gaming tables. Oumnakil Thanakorn, a 35-year-old…
Wang Sicong, a well-known Chinese billionaire and esports entrepreneur, was recently seen gambling at Marina Bay Sands casino in Singapore. The 36-year-old is the only son of Wang Jianlin, founder and chairman of Dalian Wanda Group—China’s largest real estate developer.…
Moody’s Investors Service has reaffirmed Genting Singapore’s “A3” credit rating with a “stable” outlook, citing strong momentum at Resorts World Sentosa (RWS) as a key driver of the company’s earnings and free cash flow. Genting and Marina Bay Sands —…
Thailand’s casino industry, once fully developed, could generate more annual gross gaming revenue (GGR) than Singapore, potentially becoming the world’s third-largest gaming market behind Macau and Las Vegas, according to Citi analysts George Choi, Preenapa Detchsri, and Timothy Chau. In…
Las Vegas Sands Corp. (NYSE: LVS) has reportedly secured a $9 billion loan to fund the expansion of Marina Bay Sands (MBS) in Singapore—marking one of the largest corporate credit deals in the city-state’s history. Speculation about the loan first…
Fitch Ratings has reaffirmed Las Vegas Sands’ (NYSE: LVS) credit rating at “BBB-,” the lowest tier of investment grade, maintaining a “stable” outlook. The agency pointed to strong cash flow prospects and the performance of Marina Bay Sands in Singapore…
Bet365 is reportedly considering a bid for an online sports betting license soon. The opening comes as Resorts World Bet, operated by Genting, prepares to exit the New York market, ceasing all betting activity and advising customers to withdraw funds…
Rep. Mike Rulli (R-OH) has introduced the Giving Alien Migrants Back through Lawful Excise Redistribution (GAMBLER) Act, a bill that would channel federal sports betting tax revenue to Immigration and Customs Enforcement (ICE) rather than the general Treasury fund. Rulli…
Brian Quintenz, President Trump’s nominee to lead the Commodity Futures Trading Commission (CFTC), appeared before the Senate Agriculture Committee today, where he addressed a range of issues, including the growing overlap between prediction markets and sports betting. Senator Adam Schiff…