Industry
February 1, 2021
Singaporeans Deposit S$15.4m on Fictitious Gambling Sites
Reported S$15.4 million has been lost on fictitious gambling platforms in Singapore and victims now facing jail time and fines. Singaporeans Fall Victims to Gambling Scams Singapore is facing an influx of fraudulent online platforms connected with gambling and bogus investments, said the Singapore Police Force (SPF) this Sunday, reporting concerns that scams have increased […]
Legal
December 20, 2020
Illegal Gambling in Singapore Brought Jail Time to Father and Son
Two people arrested for running a transnational gambling syndicate which collected bets on legal Singapore Pool lotteries were sentenced to jail time and hefty fines this week. Family Business Ends in Jail Tuesday, December 15, Ow Choon Bok, a 44-year-old Singapore resident and his father, Ow Gowan Hock, 73, received sentences of five and three-and-a-half […]
Business
September 19, 2020
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 […]
Legal
September 17, 2020
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 […]
Business
July 27, 2020
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 […]
Casino
July 21, 2020
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 […]
Legal
June 5, 2020
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 […]
Legal
April 7, 2020
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 […]
Casino
April 6, 2020
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 […]