Marina Bay Sands (MBS)

Company in the news

Las Vegas Sands to look into anti-money laundering procedures at MBS

An internal investigation by the casino showed that the transactions sparking the Wang lawsuit weren’t isolated cases.
MBS hires law firm to probe US$1 bil in transfers - THE EDGE SINGAPORE

Company in the news

MBS hires law firm to probe US$1 bil in transfers

“MBS continues to work closely with its regulators to monitor MBS’s compliance with all legal obligations,” the casino said.

Tourism

Marina Bay Sands to reopen towers 2 and 3 in time for National Day; guests can expect staycation deals and dining offers

The hotel, which has completed its tenure as a stay-home notice (SHN) facility will resume operations on August 1 with reduced capacities in light of safe distancing measures.

Broker's Calls

Gaming profits destroyed by Covid-19 this quarter

2Q2020 has been a tough quarter for the gaming industry, and it is unlikely to get much better going forward.

Singapore economy

MBS settles lawsuit by former patron with $9.1 mil payment

Marina Bay Sands Pte. also agreed to allow Wang Xi back into the casino as long as he abides by its policies, said the person, who asked not be identified because the matter is confidential.

Company in the news

Marina Bay Sands probed over money-laundering controls

The Singapore casino of billionaire Sheldon Adelson’s Las Vegas Sands Corp. is being probed by the US Department of Justice over whether anti-money laundering regulations were breached in the way it handled the accounts of top gamblers.

Singapore economy

Stanley Ho inspired Singapore's casino foray

The gambling magnate Stanley Ho, who died in Hong Kong on Tuesday at the age of 98, had 17 known children. But his legacy was not restricted to his children. He was also the unacknowledged father of the Singaporean gambling industry.

Investing ideas

Can BreadTalk rise to the occasion on operating efficiencies and 4orth?

SINGAPORE (Aug 5): BreadTalk may have reported 7.9% higher 1H19 revenue of $321 million from a year ago, however earnings fell 35.3% due to 39.4% higher distribution and selling expenses of $169.2 million and lease expense of $7.3 million due to new acco

Zest

Sneaker culture

Ermenegildo Zegna’s My Claudio shoes are a cut above the rest

Investing ideas

ISOTeam powering up as regional player on back of Pure acquisition

SINGAPORE (Aug 1): As the Singapore construction sector awakens from its slump, ISOTeam is well placed to tap new markets and win more contracts.
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