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SINGAPORE -- Gaming operators Genting Singapore and Las Vegas Sands, which run DYLAN LOH, Nikkei staff writer February 2, JST | Singapore an attempt to contain the virus will likely dent the revenue prospects of both resorts. According to the most recent statistics from the Singapore Tourism Board.


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The latest news on the gaming industry in Asia Single gambling regulator for Singapore logical: experts Jun 05, Newsdesk Latest News, Singapore, Top of the deck. The Marina Bay Sands casino resort (pictured) in Singapore is being investigated by the United States Department of Justice over compliance.


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According to Genting Singapore's annual report released on Tuesday, the group's gaming revenue for last year was $ billion, up from.


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Singapore's two casinos came out of the gate strong in with estimated gross gaming revenue of US$6 billion. The city appeared poised to.


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According to Genting Singapore's annual report released on Tuesday, the group's gaming revenue for last year was $ billion, up from.


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SINGAPORE -- Gaming operators Genting Singapore and Las Vegas Sands, which run DYLAN LOH, Nikkei staff writer February 2, JST | Singapore an attempt to contain the virus will likely dent the revenue prospects of both resorts. According to the most recent statistics from the Singapore Tourism Board.


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SINGAPORE -- Gaming operators Genting Singapore and Las Vegas Sands, which run DYLAN LOH, Nikkei staff writer February 2, JST | Singapore an attempt to contain the virus will likely dent the revenue prospects of both resorts. According to the most recent statistics from the Singapore Tourism Board.


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Singapore's two casinos came out of the gate strong in with estimated gross gaming revenue of US$6 billion. The city appeared poised to.


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SINGAPORE -- Gaming operators Genting Singapore and Las Vegas Sands, which run DYLAN LOH, Nikkei staff writer February 2, JST | Singapore an attempt to contain the virus will likely dent the revenue prospects of both resorts. According to the most recent statistics from the Singapore Tourism Board.


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A version of this article appeared in the print edition of The Straits Times on April 05, , with the headline 'Gaming remains main revenue driver for IRs amid expansion'. These include the option for more approved casino space and gaming machines, though they will be targeted at "higher-tier non-mass market players who are mainly tourists". MBS and RWS are facing increasing competition in the region, with Japan set to legalise casinos and open its own integrated resorts. The IRs are expected to directly create an additional 5, jobs in total through their expansion, though these are likely to be mainly in the service sector and difficult to fill given the manpower crunch and impending tightening of foreign worker quotas, economists said. As such, more provisions for the core gaming business are "the carrot to entice them to put in more family attractions", he said, especially given the Government's introduction of higher casino tax rates and entry levies on locals. In announcing the plans on Wednesday, which include tighter safeguards against problem gambling, the authorities said that both IRs will be granted additional gaming provisions to keep their new attractions and facilities "commercially viable". Until we resolve the issues, subscribers need not log in to access ST Digital articles. More provisions for the core gaming business are "the carrot to entice them to put in more family attractions", said Maybank Kim Eng economist Chua Hak Bin. Dr Chua said the idea behind integrated resorts was to have gaming corporations finance non-gaming attractions such as amusement parks, which can be risky standalone investments. People's Action Party MP Liang Eng Hwa, who is chairman of the Government Parliamentary Committee for Finance and Trade and Industry, said that the investment is a "very significant injection into the economy", which will have both direct and indirect benefits. But a log-in is still required for our PDFs. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Tiffany Fumiko Tay. Print Edition Subscribe. Maybank Kim Eng economist Chua Hak Bin said that the opening of the two IRs in "turned the tide for tourism" in Singapore, and their expansion now may help to arrest the slowdown in tourism spending seen last year. But gaming remains their main driver of revenue, and the allowance for Marina Bay Sands MBS and Resorts World Sentosa RWS to add an additional 2, sq m and sq m of gaming space, respectively, was a necessary incentive to expand their other attractions, economists said. If the IRs fully exercise their allotted amounts, their total gaming area will increase from 30, sq m to 32, sq m. Each is currently allowed 15, sq m of approved gaming area and 2, gaming machines. Branded Content.{/INSERTKEYS}{/PARAGRAPH} Singapore University of Social Sciences economist Walter Theseira said that the new jobs are unlikely to translate to net job growth as Singapore's labour market is already operating at close to capacity. It has not been smooth sailing for the Singapore casinos in re-cent years either, due in part to a corruption crackdown in China that has curbed the number of high rollers. The commitment by the two IR operators to significant new investments is a boon for Singapore as their non-gaming offerings are already a major draw for both tourists and locals, he added. Its full-year report for has yet to be released. Skip to main content. Ms Shirley Tee, senior course manager of Nanyang Polytechnic's diploma in hospitality and tourism management, said that Singapore's casinos, which target high rollers, can also tap developing markets such as Vietnam. Still, DBS senior economist Irvin Seah noted that indirect job creation will also be stimulated in areas such as renovation and subcontracting. {PARAGRAPH}{INSERTKEYS}Family-friendly attractions, entertainment and event venues, and new luxury hotels form the bulk of the integrated resorts' IR plans for expansion in Singapore, their first major transformation since opening nearly a decade ago.