Singapore currently operates a duopoly casino market shared between the Marina Bay Sands resort, run by a unit of United States-based casino firm Las Vegas Sands Corp; and the Resorts World Sentosa casino complex operated by Genting Singapore Ltd. The Singapore government said in early April that it had agreed to the expansion of the city’s two integrated casino resorts; and in return for their aggregate investment the respective operators will continue to hold a duopoly on casino resorts in the country through to the year 2030.
Speaking in parliament on Monday, Second Minister for Home Affairs, Josephine Teo noted that the number of casino crimes recorded annually in Singapore had fallen by 58 percent over the course of nine years, from 299 cases in 2010 to 126 cases in 2018.
Casino thefts and cheating at gaming tables were amongst the most common gaming-related offences in Singapore.
“The Casino Regulatory Authority (CRA) licenses casino employees and subjects them to stringent checks. Police exchange information with their counterparts in other countries on the latest casino-related crime trends and persons of interest,” Mrs Teo said.
Finally, about SGD1.3 billion in casino entry fees had been paid by Singapore citizens and permanent residents between 2010 and 2018, noting that the number of local visitors to the casinos fell by 50 percent during that period.
