Tag Archives: Resorts World Sentosa
- Singapore casinos fined for allowing minors, failing to impose entry levies
October 6, 2017
Operators of Singapore’s big gaming resorts have been penalized by the city-state’s casino regulator over their failure to implement a system for collecting entry levies, among other things. For fiscal year 2016, the Casino Regulatory Authority (CRA) collected a total of SGD165,000 (USD120,693) from penalties imposed on Marina Bay Sands...
- Baccarat ‘insurance’ broker challenges Singapore’s legal definition of ‘bookmaker’
May 24, 2017
A Singapore resident jailed for offering ‘betting insurance’ to casino gamblers is appealing his sentence based on his read of the city-state’s legal definition of a bookmaker. In December 2015, Peh Hai Yam was convicted on nine counts of conspiring with others to provide ‘insurance’ to baccarat players at Genting’s...
- Genting Singapore bounces to $112.4M net profit in Q4
February 23, 2017
Improved gaming revenue from the premium mass segment helped casino operator Genting Singapore to rake in a SGD159.2 million (US$112.4 million) net profit in the final quarter of 2016. The October to December 2016 net profit data was a turnaround from a net loss of SGD7.8 million ($5.52 million) in...
- Gov’t clears Resorts World Sentosa of discrimination charges in job cuts
September 7, 2016
Singaporean employees were not discriminated in the recent Resorts World Sentosa layoffs, according to the Ministry of Manpower. In June, the integrated resort handed out walking papers to nearly 400 of its 12,000-strong workforce as China’s crackdown on corruption started taking a toll on Resorts World Sentosa’s gaming revenue. But...
- Genting Singapore Q2 net loss narrows by 38%
August 5, 2016
Casino operator Genting Singapore has narrowed its net loss by 38 percent in the second quarter as weaker VIP segment continues to drag its revenues down. Genting Singapore, which operates Resorts World Sentosa casino resort in Singapore, reported in a filing to the Singapore Stock Exchange that it incurred S$10.5...
- Resorts World Sentosa ‘discriminatory’ layoffs prompt government probe
July 29, 2016
Singapore’s Ministry of Manpower (MOM) has launched an investigation over the recent casino job cuts at the Resorts World Sentosa (RWS). In June, RWS handed out walking papers to nearly 400 of its 12,000-strong staff as China’s corruption crackdown started taking a bit out of the integrated resort’s gaming revenue....
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September 14, 2017
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March 21, 2017
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September 26, 2016
Singapore arrest 33 in online gambling sweep
November 28, 2016