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Casino
January 29, 2024
Marina Bay Sands Receives Green Light for Fourth Hotel Tower
The approval, listed in URA data released at the end of the December 2023 quarter, allows Marina Bay Sands (MBS) to proceed with its expansion project, which significantly bolsters guest capacity, expanding the venue’s impressive hotel and retail space. The project is situated alongside MBS’s existing three towers and should help attract new customers, significantly […]
Industry
January 18, 2024
Marina Bay Sands Pours $750M into Second Phase of Hotel Renovation
The premier business, entertainment and leisure destination, Marina Bay Sands, confirmed the launch of the second phase of its reinvestment program on Thursday. The next phase of the venue’s transformation represents a reinvestment of $750 million. The second phase of Marina Bay Sands’ redevelopment will help transform Tower 3, ensuring the integrated resort remains a […]
Casino
December 11, 2023
Singapore’s GRA Hands $1.67M Fine to Resorts World Sentosa for AML Breaches
Singapore’s Gambling Regulatory Authority (GRA) announced that it has penalized Resorts World Sentosa (RWS) over due diligence failures. According to the authority, the casino failed to perform the checks outlined in the Casino Control Act 2006 (CCA) and the Casino Control (Prevention of Money Laundering and Terrorism Financing) Regulations 2009 (PMLTF Regulations). Back in 2020, […]
Blockchain
November 24, 2023
Singapore Unveils Plans for Stringent Crypto Regulations
Currently, gambling is strictly regulated in Singapore. With online gambling prohibited, residents and visitors can participate in lottery, retail gambling or wagering on horses. However, Singapore residents are subject to additional fees when visiting casinos, an effort by the government to deter them from such activities. In contrast, tourists in Singapore do not need to […]
Legal
October 19, 2023
Singapore Banks Face Scrutiny amidst Gambling-Fueled Money Laundering Scandal
Singapore’s financial sector finds itself under intense scrutiny as the Monetary Authority of Singapore (MAS) gears up to investigate Credit Suisse and other banks potentially implicated in a money laundering scandal with ties to the city-state’s gaming industry. The inquiry goes beyond routine inspections, signaling the gravity of a situation embroiling numerous domestic and international […]
Industry
October 13, 2023
Singapore: Proxy Betting Agent Sentenced to Jail, Hit with Fine
Singapore currently has tough rules with it comes to illegal gambling, organizing third-party or proxy betting or other gambling-related activities outside the established regulations. People who organize, facilitate or benefit from proxy betting can be charged and sentenced to pay a fine between $20,000 and $200,000. However, organizing or benefiting from proxy betting is an […]
Legal
October 4, 2023
Singapore Authorities Have Seized over $2B in Latest Money Laundering Case
In August, Singaporean authorities busted a huge illegal gambling and money laundering operation, seizing hundreds of millions of dollars in the process. A few weeks later, the investigators provided an update, saying that the value of the cash and assets they have seized so far is actually north of $2 billion. The scheme involved a […]
Industry
September 22, 2023
AML Operation Seizes $1.7bn in Assets in Singapore
Last month, an operation by the Singapore National Police against a group of foreign nationals, allegedly involved in money laundering and other criminal activities, including online gambling and scams, resulted in the arrest and charges against 10 individuals. At the time of the announcement, an estimated S$1 billion ($732.2 million) in assets were seized. In […]
Sports
September 14, 2023
2023 Singapore Grand Prix Formula 1 Odds, Time, and Prediction
There are only three races on the Formula 1 calendar that the reigning champion Max Verstappen still hasn’t won. What’s interesting is that he can win each of those by the end of the 2023 season. The first of those three races is on the program on Sunday, September 17. Oddsmakers think he’ll pull it […]
Sports
August 21, 2023
Max Holloway vs. The Korean Zombie UFC Singapore Odds, Time, and Prediction
Both Max Holloway and The Korean Zombie were given a shot at the UFC Featherweight title last year, but each of them failed to take it from Alexander Volkanovski. Now, they’re fighting to determine which one should be given another chance to win the championship belt. Or at least they’ll get to fight Ilia Topuria […]
