The Latest in Singapore
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Business

STB Partners with Visa to Boost Tourism and Lifestyle SMEs

The Singapore Tourism Board (STB) announced Thursday it entered into a 3-year partnership agreement with the world’s leader in digital payments, Visa. According to the Memorandum of Understanding (MoU) signed by both parties, the needs of Singapore’s tourism and lifestyle small and medium-sized enterprises (SMEs) and the impact from the coronavirus on them will be […]
STB Partners with Visa to Boost Tourism and Lifestyle SMEs
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Legal

Marina Bay Sands Hires Law Firm to Investigate Transfers

Employee transfers to third parties for more than $1 billion are being investigated at Marina Bay Sands. The Singapore casino resort of Sheldon Adelson’s Las Vegas Sands has hired a prominent law firm to look into the dealings with gamblers’ money. Davinder Singh Chambers LLC, a specialist in dispute resolution and international arbitration, has been […]
Marina Bay Sands Hires Law Firm to Investigate Transfers
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Business

LVS Waives Rents for Mall Tenants in Macao and Singapore

Las Vegas Sands Corp. filed information to the Securities and Exchange Commission (SEC), revealing the company waived for the first six months millions in rents to mall tenants in Macao and Singapore. The total amount of rents waived to support its tenants is $170 million and accounts for most of the decline in mall revenue […]
LVS Waives Rents for Mall Tenants in Macao and Singapore
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Casino

Betting Shops in Japan and Singapore Reopen after Relieving of COVID-19 Restrictions

Operating in the post-COVID-19 environment, off-track betting and sports betting venues in Japan and Singapore have reopened their doors for visitors. More Off-Track Betting Shops Reopen in Japan Japan and Singapore’s off-track betting shops keep reopening as the two countries are on track with relieving the strict measures introduced due to the COVID-19 pandemic. Since […]
Betting Shops in Japan and Singapore Reopen after Relieving of COVID-19 Restrictions
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Legal

Marina Bay Sands Under Investigation by US Department of Justice

The US Department of Justice is investigating Marina Bay Sands, the Singapore integrated casino resort of Las Vegas Sands (LVS), a recent Bloomberg report suggests. The probe into the dealings of the gaming venue is seeking to establish whether anti-money laundering regulations were breached while handling VIP accounts. Former Head of Compliance Subject of Investigation […]
Marina Bay Sands Under Investigation by US Department of Justice
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Legal

Singapore to Overhaul National Gambling Regulator for 2021

Singapore’s gambling regulator, the Casino Regulatory Authority (CRA), will be overhauled, combining the functions of multiple branches of land-based and online casino regulation starting in 2021. Gambling Oversight in Singapore Brought Under the Same Roof Singapore will be overhauling its gambling regulations the Ministry of Home Affairs (MHA) has announced, with a planned new Gambling […]
Singapore to Overhaul National Gambling Regulator for 2021
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Casino

Singapore Government Ordered Closure of Casinos and Other Non-Essential Businesses

The current spread of the coronavirus throughout the world has already seriously impacted the casino industry. Singapore is the next country affected by the severe outbreak of the disease and the Government announced the implementation of strict mitigation measures that required the shutting down of all non-essential businesses, including casinos. Social Distancing Effort The two […]
Singapore Government Ordered Closure of Casinos and Other Non-Essential Businesses
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Casino

Marina Bay Sands to Raise SG$8bn in New Expansion Effort

MBS applies for SG$8bn loan (US$6bn approx.) This is the first loan application for the company since 2012 Singapore approves MBS expansion Marina Bay Sands (MBS), subsidiary of Las Vegas Sands (LVS), is preparing to apply for a SG$8 billion loan that will be used in the expansion of the existing integrated resort owned by […]