Operators of Singapore’s big gaming resorts have been penalized by the city-state’s casino regulator over their failure to implement a system for collecting entry levies, among other things.
For fiscal year 2016, the Casino Regulatory Authority (CRA) collected a total of SGD165,000 (USD120,693) from penalties imposed on Marina Bay Sands Pte. Ltd. and Resorts World at Sentosa Pte. Ltd. in the 12 months ending March 31, 2017, according to the regulator’s annual report.
The aggregate fines for 2016, however, was down by 60.5 percent compared to the previous fiscal year, when the CRA collected a total of SGD417,500. The gaming regulator also collected SGD43.8 million (USD32 million) in licensing fees, an increase of 13.9 percent from the prior-year period.
Las Vegas Sands Corp.’s Singapore unit, Marina Bay Sands Pte. Ltd., was fined SGD75,000 for failure to implement a system for collecting entry levies and an additional SGD15,000 for failure to prevent one minor from entering or remaining on its casino premises “without reasonable excuse.”