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Marina Bay Sands Opens Luxury Japanese Restaurant

Previewing the kind of facility which may eventually be available in Japanese IRs, Marina Bay Sands in Singapore has opened a luxury Japanese restaurant called KOMA, which has a capacity to host over three hundred people.

Singapore Visitors Reach 7.8 Million in First Five Months

Singapore attracted a total of 7.8 million visitors to the city-state in the first five months of the year, representing a 1.5% growth over the previous year.

Singapore Bracing for Competition from Japanese IRs

The opening of the first Japanese IRs may still be five or more years into the future, but Singapore’s recent decision to allow a US$6.6 billion expansion of its two IRs is related to an effort to ensure that Japanese competition doesn’t draw too much business away from the Southeast Asia city-state.

Morgan Stanley Cautious about Genting Singapore’s Near-Term Growth Prospects

Genting Singapore's financial results in the January-March 2019 period topped expectations, helped by a higher luck factor, but analysts say they are cautious about near-term prospects.

Singapore Government Winner in Casino Expansion

The Singapore government is seen as the main winner in the agreement to allow a US$6.7 billion expansion of the island’s two integrated resorts, gaining more tax and higher money from entry fees, according to analysts.

Singapore Allows US$6.7 Billion IR Expansion

Singapore has allowed the first major expansion of its integrated resort industry since its two IRs began operating, involving S$9 billion (about US$6.7 billion) new investment in non-gaming amenities, but casino entry fees and taxes will also rise.

Genting Singapore Gains 12% in October-December 2018 Period

Genting Singapore posted a 12% gain in the October-December 2018 period in terms of net profit, saying that over the year it had seen an encouraging performance in both gaming and non-gaming business, boosted by its marketing efforts on the premium mass segment.

Genting Singapore Facing Mass Competition from Philippines and Cambodia

Genting Singapore is facing increasing competition in the mass market from the Philippines and Cambodia, though management sees room for growth in VIP, according to Nomura.

Singapore Betting Tax Flat Since 2017

Singapore raked in S$2.7 billion (about US$1.97 billion) in betting taxes in the 2017/2018 financial year, unchanged from the year earlier.

Singapore Visitor Numbers Up, But Spending Down

Singapore welcomed 4.6 million visitors in the first quarter of 2018, a 7.3 percent boost over the prior year. However, despite a rise in visitors, tourist spending fell half a percent to S$6.7 billion (US$4.9 billion) due to lower spending in shopping, accommodation, and F&B.

Trending Articles

Anti-Casino Mayoral Candidate Emerges in Wakayama

The issue of Wakayama’s IR bid will be a leading point of contention in the city’s July 29 mayoral election after a decidedly anti-casino challenger, Kumiko Shima, announced her candidacy.

US Supreme Court Strikes Down Ban on Sports Betting

The US Supreme Court has struck down a federal law against sports betting, paving the way for states to introduce legislation and opening a multi-billion dollar market.

Star Entertainment VIP Revenue Surges

Star Entertainment Group said its international VIP rebate business has continued to show strong growth into the second quarter, with turnover jumping almost 64 percent year to date.

Judicial Scriveners’ Association Calls for Scrapping IR Bill

The Japan Federation of Shiho-Shoshi Lawyer's Associations, the leading group for the nation’s judicial scriveners who specialize in legal registration procedures, issued a statement on June 5 calling for the IR Implementation Bill to be scrapped.

Opposition Makes Last Ditch Appeal against IR Bill

Five House of Representatives lawmakers from five separate opposition parties held a press conference within the Diet Building on June 12 in a last ditch attempt to prevent the passage of the IR Implementation Bill through the Lower House.