Singapore casinos have been fined ten times more in the latest fiscal. According to the figures revealed by Singapore’s Casino Regulatory Authority (CRA) in its annual report, the gambling regulator fined SG$745k (US$540,600) in penalties to casinos between April 2018 and March 2019.
Singapore has two licensed casino operators – Las Vegas Sands which operates Marina Bay Sands casino and Malaysian gambling giant Genting which operates the famous Resorts World Sentosa.
During the fiscal, Genting’s Resorts World Sentosa was fined three times for a total of SG$730k. It was fined SG$400k for failing to implement a CRA-approved system of internal controls, $250k for failure to comply with a direction that relates to the conduct, supervision or control of casino operations and $80k for allowing five minors on its gaming floor.
Marina Bay Sands received an SG$10k fine for allowing one minor on its casino floor and SG$5k for allowing a Singaporean permanent resident on its casino floor.
CRA CEO Teo Chun Ching said the two casino operators had made “improvements to their work processes and stepped up measures to enhance their compliance towards the regulatory requirements.”
Earlier the Singapore government also increased the mandatory fee for locals to enter a casino facility in the country.