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Singapore Regulator Renews Marina Bay Sands Casino License for Three Years
Singapore’s Gambling Regulatory Authority (GRA) has officially renewed the casino license for Marina Bay Sands Pte Ltd for an additional three years. The renewal takes effect on 26 April 2025, following an assessment that the company met all stipulated requirements under the Casino Control Act 2006.
This renewal stands in contrast to Marina Bay Sands’ competitor, Resorts World Sentosa, which received a shorter two-year license extension last year, mostly due to unsatisfactory tourism performance during the evaluation period. Resorts World Sentosa is currently working on expanding its offerings to attract more visitors.
Marina Bay Sands, however, is set to commence a significant US$8 billion expansion that includes the construction of a new hotel tower featuring gaming facilities. The construction is planned to start by June this year and aims for completion by January 2031.
Key Points
- The GRA has extended Marina Bay Sands’ casino licence for three years, effective from 26 April 2025.
- The renewal was granted after the GRA found that Marina Bay Sands met the regulatory requirements.
- Resorts World Sentosa received a shorter two-year extension due to its unsatisfactory tourism performance.
- Marina Bay Sands is planning a substantial US$8 billion expansion, including a new hotel with integrated casino amenities.
- Construction for the new tower is set to begin in June 2025, aiming for completion by January 2031.
Why should I read this?
This article highlights critical developments in Singapore’s casino landscape, underscoring the regulatory dynamics that influence gaming operations. The contrasting fates of Marina Bay Sands and Resorts World Sentosa provide insights into the competitiveness of the market and ongoing investments aimed at enhancing tourist appeal. For stakeholders and enthusiasts in the gaming industry, understanding these changes is essential for anticipating future trends and opportunities.
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