Thursday, August 18, 2022

Singapore casino fines hit S$745,000 in FY2018


Fines paid by Singapore’s two casino operators amounted to $$745,000 ($540,000) in the 2018 financial year, with the lion’s share extracted from Genting Singapore’s Resorts World Sentosa.

The figures were released in the Casino Regulatory Authority’s recently released annual report. 

Las Vegas Sands’ Marina Bay Sands paid a total of $15,000 split between two offences, one of failing to prevent a minor from entering the floor and failure to prevent a local resident from entering and remaining without paying the entry levy.

Resorts World Sentosa was fined $400,000 for failure to implement a system of internal controls approved by the authority; it had to pay $250,000 for failure to comply with a direction related to conduct, supervision and control of operations and $80,000 for failure to prevent five minors from entering the casino. 

“The casino operators have since made improvements to their work processes and stepped up measures to enhance their compliance towards the regulatory requirements,” CRA CEO Teo Chun Ching said. “Our firm stance is a strong signal to the casino operators that regulatory compliance remains of utmost importance.”

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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