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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.

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Hokkaido Attracted Record Number of Tourists in FY2017

New figures show that Hokkaido attracted a record number of tourists in FY2017—56.1 million people—which was a 3% advance over the previous fiscal year.

Aichi Governor Omura Urged to Run for Reelection

A delegation of local mayors has asked Aichi Governor Hideaki Omura to run for reelection when his second term ends next February, a race that will have implications for the potential IR bids of both Tokoname city and Nagoya city.

City of Dreams Manila Opens VR Gaming Facility

Melco Resorts & Entertainment has opened Southeast Asia’s first Bandai Namco Virtual Reality gaming facility at its City of Dreams Manila IR in the Philippines.

Naruto City Wins Legal Case over Boat Race Payments

On Tuesday, the Naruto municipal authorities won a legal case that had been brought against them by local residents who were upset at payments made regarding boat race facilities to the nearby fishing cooperative.

Rush Street Japan Focuses on Tomakomai

In early October, Rush Street Gaming’s Japan branch was quietly established, with the Chicago-based firm currently looking at Tomakomai, Hokkaido, as the main direction for its IR license campaign.