Tough Stance – Singapore Casino Control

Posted: July 30, 2011 in Uncategorized

Extracts of Important Press News

20 July 2011

Comment by:  Editorial Panel, Professional Ground

This is a clear and no-nonsense declaration by the Singapore CRA (Casino Regulatory Authority) on their firm stance, about high casino management standards to be expected from the two casino operators, namely the Resorts World Sentosa and Marina Bay Sands.

The CRA is fully aware that the two casino operators are much more experience than Singapore casino regulatory body.  However, that does not mean that the two operators could pull wool over CRA’s eye. Soon, stricter inspections on site will be carried out by the authority on the two casinos.  the message is clear: Singapore cannot and shall not pay the price of money laundering via casino business. 

We think that it’s time for the two casinos to be more vigilant on how they deal with Pseudo Junkets and associated deals such as settling junket accounts via offshore means to get around the casino control. 

Operators, WATCH YOUR ACTS!

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