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Genting Singapore’s Sentosa casino renews license for 3 years

Niji Narayan

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Genting Singapore’s Sentosa casino renews license for 3 years
Photo Source: michaelgraves.com
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Genting Singapore’s Resorts World Sentosa has renewed its casino license for three more years. This is significant because Genting is bidding for Japan’s ongoing IR license-issuing process.

Genting Singapore, a subsidiary of the Malaysia-based gaming company Genting Group, has revealed that it obtained license extension approval from Casino Regulatory Authority of Singapore for its Resorts World Sentosa integrated resort with effect from February 6.

Resorts World Sentosa opened doors on the island of Sentosa, located off Singapore’s southern coast, in February 2010. The property is one of two integrated resorts with dedicated casino gambling space that were authorised by the government of the city-state back in the 2000s, the other one being Marina Bay Sands.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Sasebo Chamber of Commerce Confirms Speakers for August 27th Seminar

Vlad Poptamas

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The Sasebo Chamber of Commerce / Nagasaki Marine IR Promotion Council have confirmed speakers for their seminar to be held on 27 August (Tuesday) at the Fuji International Hotel located in Sasebo City. Speakers will include Mr. Brendan Bussmann of Global Market Advisors, Dr. Glenn McCartney of the University of Macau and the Irish and European Chambers of Commerce (Macau), and Mr. Niall Murray, President of the Irish Chamber of Commerce (Macau). The seminar is expected to attract between 50 and 100 participants including local businesses from throughout Sasebo City, Nagasaki Prefecture and the Greater Kyushu Region. Presentations will include overviews on how the private sector should begin to formulate engagement plans with IR operators, as well as best practices with regards to how other Chambers of Commerce engage with both IR operators and the local business communities.

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Southeast Asian Countries Move Against Online Gambling

Niji Narayan

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Online and phone betting in Southeast Asian countries by punters from China have prompted Beijing to step up efforts to stem cross-border online gambling.

Southeast Asian countries are moving against their lucrative online gambling industries as Beijing clamps down on a practice that has ballooned due to demand from its own citizens.

The Philippine gaming regulator said that it would stop accepting applications for new online gaming operations at least until the end of the year, to review concerns about the burgeoning sector.

Cambodia’s Prime Minister Hun Sen has ordered a stop to new licences for online gambling operations. Existing licenses also will not be renewed upon expiry.

The about-turn in gambling policy in these Southeast Asian nations comes as China steps up efforts against what its minister for public security called “the cross-border online gambling problem.”

In the Philippines, more than 50 offshore gambling companies have permits to operate, over a hundred thousand Chinese workers had surged into Manila to staff the industry and property prices near gaming sites were booming.

Andrea Domingo, the Philippines’ gaming agency chair, while announcing the pause in new licenses emphasised that the practice is legal in the country, but that gaming revenue growth may be flat to slow this year due to China’s campaign.

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Cambodia to Ban the Issuance of Online Gambling Policy and Licenses

Niji Narayan

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Photo source: acboulle.org
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The Cambodian Government has issued a directive to stop the issuance of online gambling policy and licenses, both within and outside of Cambodia.

The government said that the industry had been used by foreign criminals to extort money. The southern coastal city of Sihanoukville has emerged as a particular centre for gambling and many of the dozens of Chinese-run casinos that have sprung up there have online gambling operations.

“The Royal Government of Cambodia will stop the issuance of online gambling policy and licenses, both within and outside of the Kingdom of Cambodia, from the date of signing this directive,” said the directive signed by Prime Minister Hun Sen.

“Some foreign criminals have taken refuge in the form of this gambling to cheat and extort money from victims, domestic and abroad, which affect the security, public order and social order,” the directive said.

China is Cambodia’s close ally, its biggest donor and investor. It has also been trying to crack down on cross-border gambling, criticising operations in the Philippines that are similar to those in Cambodia.

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