UPDATE: Singapore Regulator Fines Casinos For Admission Breaches
07 Fevereiro 2012 - 5:01AM
Dow Jones News
Singapore's gambling watchdog has fined the city-state's two
licensed casino operators a total S$385,000 for breaches relating
to the admission of unauthorized locals and minors into the two
gaming facilities in 2010 and 2011.
While the regulatory action is unlikely to have any material
impact on the financial performance of Singapore's two lucrative
casino resorts, it comes as the latest rap from a government
anxious to limit the social impact of the nascent gaming scene on
the island's 5 million inhabitants.
The Casino Regulatory Authority fined Las Vegas Sands
Corp.(LVS)-run Marina Bay Sands S$255,000, it said in a statement
issued Monday, explaining that breaches took place between Oct. 28,
2010 and April 30, 2011. It fined Genting Singapore Ltd.
(G13.SG)-run Resorts World Sentosa S$130,000 for breaches between
Aug. 15, 2010 and April 30, 2011.
The 44 breaches--24 for Marina Bay Sands and 20 for Resorts
World Sentosa--relate to the admission of minors, excluded persons
and allowing Singapore citizens and permanent residents to enter
the casino without paying entry levies or on expired levy
payments.
The Singapore government requires citizens and permanent
residents pay S$100 to enter the casinos for a continuous period of
24 hours.
"These social safeguards are put in place to mitigate the
casino's potential impact on vulnerable persons and to ringfence
the casinos from potential criminal influence," CRA Chief Executive
Lau Peet Meng said.
"Hence, we are taking tough disciplinary action against the
casino operators for the cases where they have failed to show due
care in complying with our requirements to prevent minors and
excluded persons from entering the casinos, and to ensure that
entry levies are duly paid."
Singapore regulators have anxiously watched local patronage at
the two casinos since they opened in early 2010 and have been fast
to take action against any perceived adverse influence on local
communities. In 2010, it halted free bus services offered to locals
by the casinos.
The success of Singapore's young gaming market has defied the
expectations of many cynics and has helped fuel a resurgence in the
island's tourism sector.
Marina Bay Sands reported US$2.99 billion in gross gaming
revenue for 2011, equivalent to almost 50% of the total gaming win
for the Las Vegas Strip over the 12 month period to Nov. 30.
The city-state took in S$22.2 billion in tourism receipts in
2011, up 17% from 2010 while total international visitor arrivals
climbed 13% to 13.2 million.
Resorts World Sentosa said in a statement that it has
"reinforced security personnel and checks at the casino entrance"
and is "committed to continuously review our entry systems and
processes with the view of improving detection procedures."
A Marina Bay Sands spokeswoman said the it is the resort's "top
priority to comply with all regulatory requirements in
Singapore."
-By Sam Holmes, Dow Jones Newswires; +65-6415-4157;
samuel.holmes@dowjones.com
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