Daily Asia Gaming eBrief: Singapore watchdog slaps $1.7 mln fine on Resorts World Sentosa

Monday 11th of December 2023

Resorts World Sentosa,-Genting Singapore

Good Morning. Dura lex, sed lex. Resorts World Sentosa has been fined S$2.25 million ($1.7 million) by the Singapore Gambling Regulatory Authority for failing to perform due diligence checks when receiving cash deposits. GRA already canceled the special employee licence for one of the employees involved in the breaches, and is conducting further investigations. Meanwhile, a report found out that ID check’s were the most efficient responsible gaming feature enforced by the industry in Macau, followed by employee training.

What you need to know

Resorts World Sentosa has been fined $1.7 million by the Singapore Gambling Regulatory Authority for failing to perform due diligence checks.
Gambling age requirement believed to be the most efficient responsible gaming policy in Macau: Paper.
Okada Manila operator reaches an agreement to acquire Emerald Bay Resort and complete the partially developed project.

On the radar

China collaborates with Cambodia against online gambling.
AGTech becomes a constituent of the MSCI World Micro Cap Index.
The Saipan casino regulator authorizes IPI counsel withdrawal.

AGB Intelligence

SINGAPORE

Singapore regulator throws $1.7 mln fine on Resorts World Sentosa

The Singapore Gambling Regulatory Authority imposed a S$2.25 million ($1.7 million) fine on Resorts World Sentosa for failing to perform due diligence checks when receiving cash deposits. RWS allegedly failed to comply when receiving cash of S$5,000 or more from third parties to deposit into customers’ accounts.

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