Wednesday, June 29, 2022


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Genting Singapore recovery likely sluggish: Bernstein


The road to recovery for Genting Singapore is expected to be slow and a long way off, according to analysts from Bernstein Research on Tuesday. “

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Genting Singapore could benefit from MBS investigation woes: Maybank


A note issued by Maybank at the end of last week predicted that US Department of Justice and Casino Regulatory Authority investigation of Marina Bay S

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Marina Bay Sands under AML investigation


Marina Bay Sands is under investigation by the US Department of Justice over concerns that anti-money laundering regulations may have been breached on

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Genting SG pessimistic over the remainder of 2020


Genting Singapore said it remains pessimistic on its outlook for the remaining year, with its flagship property Resorts World Sentosa being “severel

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Singapore converts parts of Kranji racecourse to recovery facilities


The Singapore Turf Club said it’s temporarily converting selected areas of the Singapore Racecourse at Kranji into facilities for recovering foreign workers.

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Singapore extends lockdown to June 1


Singapore Prime Minister Lee Hsien Loong has extended a partial lockdown across the city-state until June 1 to curb the recent rise in coronavirus cas

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Companies count the costs of Covid-19 shutdowns


Gaming companies across the Asia Pacific region are continuing to count the costs of the coronavirus-mandated shutdowns, with both Donaco International and Asia Pioneer Entertainment warning of an impact on business.

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Singapore to overhaul gambling regulation


Singapore said it will overhaul its gambling regulation to stay ahead of new technological trends and respond to emerging products, though stressed its overall stance would remain “generally prohibitive.”

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Singapore IRs suspending operations until May 4


Both Marina Bay Sands and Resorts World Sentosa have announced they will be suspending operations until May 4 as a Covid-19 countermeasure. These clos

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Covid-19 turns out lights in most of Asia’s casinos


From India to Australia, casinos across the Asia Pacific region have closed their doors in response to efforts to combat the spread of the coronavirus, with little to no visibility at present as to the evolution of the situation.

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Singapore casinos tighten entry requirements


Singapore’s two integrated resorts have restricted public access to the casinos to prevent the spread of the coronavirus.

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Moody’s sees downgrade risk for LVS


Moody’s has placed the ratings of Las Vegas Sands on review for a downgrade given the steep drop in gaming revenue at its Macau and Singapore operations as a result of the coronavirus.

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Genting Singapore execs agree pay cuts, Genting Malaysia closes property


Genting Singapore said its executives and senior management have agreed to pay cuts to help to offset the impact of the coronavirus on its earnings, which it warns is likely to be significant.

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Nerves of steel and a long-term view needed for stock investors


Asia’s gaming stocks have been pummelled by the outbreak of the coronavirus, but with signs China may be bringing the disease under control, is it nearing the time to re-enter the market?

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Genting Singapore switches to half-yearly reporting


Genting Singapore has announced it will no longer be reporting its financial results on a quarterly basis, following changes to the listing rules of t

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IRs to get tax break for 2020, but higher entry levy stays


Singapore’s government has granted tax breaks and other incentives to the industry to help offset the impact of the Covid-19 virus on travel, though has chosen not to reduce its entry levy for locals. 

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Singapore IRs step up virus prevention measures


Singapore’s two integrated resorts have stepped up precautionary measures to limit the spread of the coronavirus, whilst rolling out promotions to d

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Economic toll deepens, but underlying optimism intact


The Coronavirus, now renamed as Covid-19, has devastated the near-term outlook for Asia’s casino operators, though analysts still expect demand to snap back sharply once the outbreak is under control. The big question is when that might be.

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Genting Singapore “pessimistic” as it reports 9 percent decline in 2019 profits


Genting Singapore declared itself “pessimistic” about the coming months under business impact of the Covid-19 outbreak in China, as it announced f

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