Singapore casinos slapped with heavy fines
Singapore’s two casinos have had to pay a total of almost USD1.2 million in fines since their opening in 2010, mostly for violating laws aimed at deterring locals from gambling.
Singapore’s Casino Regulatory Authority has fined the Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) casinos SGD357,500 (USD287,199) and SGD140,000 respectively for breaching social safeguard requirements during the period May 1, 2011 to October 31, 2011.
The two casinos had previously been punished for similar breaches, with MBS and RWS in February slapped with fines totalling SGD385,000.
The violations included allowing Singapore citizens and permanent residents entry into the casinos without paying a compulsory SGD100 entry levies and permitting them to remain in the premises beyond the 24-hour time limit.
Foreigners are exempt from the entry fee, which was introduced as part of government efforts to address public concern over gaming-related social ills.
RWS was also fined SGD530,000 last year for reimbursing the entry levies of media representatives covering an event, as well as for lapses in its camera surveillance system.
MBS, owned by Las Vegas Sands, racked up USD550.2 million in revenue in the three months ended June 30, 2012.
RWS, owned by Malaysia’s Genting group, reported gaming revenues of around USD450 million in the same quarter.
Source: TTR Daily
Ian Jarrett
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