High-rollers from China make Singapore casinos see red


  • World Premium
  • Wednesday, 10 Apr 2013

SINGAPORE (Reuters) - High-rollers get lavish treatment and hefty credit lines at Singapore's two casinos, like any other gaming house in the world. But here, more of them skip town without paying their debt, a matter of increasing concern for investors.

Three years after Singapore allowed casinos to open, Genting Singapore PLC's Resorts World Sentosa and Las Vegas Sands Corp's Marina Bay Sands have become the world's most profitable. Chinese nationals account for around half of the VIP gaming volume at their tables.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In World

In Canada's Quebec, indigenous people continue to fight French law Premium
Death toll climbs to 25 in Brazilian favela police operation Premium
Tunisia's panel to go ahead in writing new constitution despite academics' rejection Premium
Oil prices climb as U.S. inventories fall Premium
U.N. Security Council to vote 'in coming days' on N.Korea sanctions, U.S. official says Premium
U.S. agricultural futures close mixed Premium
U.S. stocks close higher Premium
Roundup: Monkeypox cases rising in EU, authorities urge countries to take measures Premium
World Bank's IFC still disbursing funds in Ukraine despite war, chief says Premium
China's direct investment in Ireland tops 1 bln USD: ambassador Premium

Others Also Read