Monday, February 17, 2020
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Singapore IRs step up virus prevention measures

Singapore’s two integrated resorts have stepped up precautionary measures to limit the spread of the coronavirus, whilst rolling out promotions to draw more local...

Economic toll deepens, but underlying optimism intact

The Coronavirus, now renamed as Covid-19, has devastated the near-term outlook for Asia’s casino operators, though analysts still expect demand to snap back sharply once the outbreak is under control. The big question is when that might be.

Genting Singapore “pessimistic” as it reports 9 percent decline in 2019 profits

Genting Singapore declared itself “pessimistic” about the coming months under business impact of the Covid-19 outbreak in China, as it announced full year financial...

Genting SG gets shareholder nod for $10 billion Japan IR

Genting Singapore has received overwhelming approval from its shareholders to spend up to $10 billion for an IR bid in Japan.  The vote was taken...

Coronavirus hits industry, but underlying demand seen strong

Looking at the Chinese New Year visitation figures for Macau, it’s difficult not to be pessimistic about the near-term outlook for gaming in Asia, though analysts say underlying demand remains strong and there is likely to be a snap back once the situation improves.

SG court upholds arbitration ruling, favoring ex Solaire manager

The Singaporean High Court has dismissed a petition filed by Bloomberry Resorts against Global Gaming Philippines, which accused the company of committing fraud and...
Marina Bay Sands

LVS to dominate in Asia for the next five years

Las Vegas Sands and its Sands China unit are likely to dominate the market in Singapore and Macau for the next five years, according to a report from Bernstein.

Singapore visitor spending loses pace with arrivals

Despite an increase in international arrivals to Singapore, visitor spending dipped 1.3 percent in 19Q2, according to figures from the Singapore Tourism Board.  During the...

MBS mass hit by entrance levy hike

The entry fee increase for local Singaporeans is weighing on Marina Bay Sands’ mass market, with some citizens unlikely to renew their annual passes when they expire.

Sands eyes $5b in Asia development projects

Las Vegas Sands has $5 billion in development projects in the pipeline in Asia over the next few years, Chairman and CEO Sheldon Adelson said.

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Seven Macau hotels have suspended operations

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