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Japan IRs to verify identity of big money players

Niji Narayan

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Japan IRs to verify identity of big money players
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The Experts’ Committee, which is setting up ground rules for the soon-to-be-launched Japanese integrated resorts, has proposed a mandatory requirement of verifying and confirming the identity of any player looking to buy chips worth JPY300,000 (US$2,650) or more. The committee also proposed that the maximum space a casino floor can occupy must be limited to 3 per cent of the total IR space. The panel also suggested a higher minimum size for hotel rooms in the nation’s IRs.

The panel also wants any transactions worth JPY1 million (US$8,830) to be reported to the Casino Management Committee—the IR oversight committee to be established next year.

The Japanese government will issue its decree in 2019 laying out the specific standards for IRs based on the Act on Promotion of Development of Specified Complex Tourist Facilities Area.

 

Asia

Singapore Casinos to Remain Closed Beyond June 1

Niji Narayan

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Singapore Casinos to Remain Closed Beyond June 1
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The gaming venues of Singapore’s Resorts World Sentosa and Marina Bay Sands are to remain shut beyond June 1, the Casino Regulatory Authority (CRA) of Singapore confirmed.

Singapore will see three-quarters of its economy resume normal operations when measures to fight the Covid-19 pandemic are eased from June 2, the government said last week.

“The Ministry of Trade and Industry announced on 19 May the list of businesses which are allowed to resume operations from 2 June 2020 onwards. Casinos are not included within the list,” CRA said.

“The government will further monitor and assess developments in the Covid-19 situation to determine the appropriate timelines for the gradual resumption of more businesses and activities, including the casinos,” it added.

“With the phased approach, we are ready to help our workers go back to work and allow businesses to resume in a safe way,” the government said.

Marina Bay Sands said on its official website that the property “remains closed in support of the Singapore government’s ongoing efforts to combat the Covid-19 situation.”

“We are working closely with the authorities on our reopening schedule, in line with Singapore’s gradual resumption of business activities in phases,” it added.

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Asia

Adriano Ho to Take Over as Director of DICJ Next Month

Niji Narayan

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Adriano Ho to Take Over as Director of DICJ Next Month
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Lei Wai Nong, the Secretary for Economy and Finance, has confirmed that Adriano Ho will take over as the Director of Macau’s Gaming of Inspection and Coordination Bureau (DICJ) on June 10, replacing Paulo Martins Chan.

Chan will step down on June 9 with Ho to be formally appointed the following day.

Lei said that progress on amendments to Macau’s gaming law, which is set to form the legislative basis for the retendering of gaming concessions, will not be affected by the change of director.

“The authority of making decisions about the gaming law are in the hands of the Chief Executive and the five Secretaries. The DICJ’s job is mostly to execute our decisions and policies,” he said.

Ho is currently a key advisor to the Secretary for Security, Wong Sio Chak, having previously headed the Police Criminal Investigation Department and the Gaming-related and Economic Crimes Investigation Department.

Discussing the appointment with media, Lei expressed his belief that Ho has enough experience in the field of gaming to perform his new role but denied his appointment was intended to strengthen regulations on gaming operators.

“Regulating the gaming industry is a persistent work for the government, it is not future tense. No matter who is the DICJ director, we’ll continue with our regulation as usual to ensure healthy development of the gaming industry,” Lei said.

The Secretary also emphasised that Chan’s departure is a “normal personnel change,” revealing Chan had offered his resignation last year but had been retained for another six months to aid transition – even though his tenure had been extended by a full 12-months until 1 December 2020.

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Suncity Group Venture Secures Casino Operating License for Vietnam IR Hoiana

Niji Narayan

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Suncity Group Venture Secures Casino Operating License for Vietnam IR Hoiana
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Hoi An South Development Co Ltd, the Vietnam-based joint venture of which Suncity Group holds a 34% stake, has secured a casino operating license for its Vietnamese integrated resort, Hoiana. The license is valid until 10 December 2080.

Hoiana, a joint venture between Suncity, Chow Tai Fook and VinaCapital Group, is located in Hoi An South in Vietnam’s Quang Nam province, with the US$1 billion Phase 1 development to span more than 165 hectares. It will include a casino, restaurants, an 18-hole golf course and more than 1000 hotel rooms.

“I am thrilled to be granted a Casino Operating License in Hoiana. We are now ready. The Casino Operating License will visualize my re-imagination of Suncity. Hoiana is now finally allowed to open its doors to offer guests an authentic Vietnamese experience embellished with sun, sea and sand,” Alvin Chau, CEO of Suncity Group, said.

“This is a very exciting time to witness my vision for Suncity to sprout from ground zero into a truly integrated resort company – a true metamorphosis for Suncity. Stay tuned for Hoiana’s exclusive preview in the summer and the Grand Opening in 2021,” Alvin Chau added.

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