Singapore’s casino received ten times more penalties and fees than on the previous fiscal year.
Singapore.- Singapore’s Casino Regulatory Authority (CRA) – Singapore’s gambling regulatory body – issued its 2018-19 annual report. The report detailed an oversight of – Las Vegas Sands’ Marina Bay Sands and Genting Singapore’s Resorts World Sentosa. The CRA doled out € 493,000 in penalties representing a significant increase from last year’s total penalty of € 40,000. The increase was entirely due to major penalties imposed on Sentosa’s integrated resort – sister resort to Resorts World Genting .
Resorts World Sentosa was fined three times for a total of € 482,000. This amount included first, a € 264,000 penalty for failing to implement a CRA-approved system of internal controls. Secondly, a € 165,000 fine for failing to comply with the direction that relates to the conduct of casino operations. And lastly, a € 53,000 for allowing five persons under 21 years of age to access its casino floor.
Marina Bay Sands’ total was around € 10,000. € 6,600 for allowing underage access and € 3,300 for allowing a Singaporean permanent resident to access the casino floor without evidence of the payment of the € 66 entry levy imposed on local gamblers.
Both casinos had their licenses renewed for three-year terms earlier this year, and both are planning major expansions of their operations.
Teo Chun Ching, CRA CEO, said the two casino operators had made “improvements to their work processes and stepped up measures to enhance their compliance towards the regulatory requirements.”