Three breach notices were issued by Singapore’s new gambling regulator, the Gambling Regulatory Authority (GRA), in the last year, with Resorts World Sentosa (RWS) at the center of two of them due to failures in consumer due diligence.
The GRA’s 2022/23 annual report states that RWS was fined SG$20,000 (US$14,600) for violating the 2009 Casino Control Regulations by “failure to perform customer due diligence measures.” A further SG$75,000 (US$54,800) charge was imposed on RWS for “failure to perform enhanced customer due diligence measures.”
Ceylon Sports Club received the third violation notice, and as a result, its license was suspended for a month for “failure to comply with regulatory requirements relating to the screening and registration of persons and the prevention of entry of excluded persons.”
These were the GRA’s first enforcement actions following taking over as Singapore’s primary gaming regulator in August 2022, succeeding the former Casino Regulatory Authority and other agencies.
Tan Tee How, the chairman of GRA, said in a written statement that the percentage of Singaporeans and Permanent Residents who visited the nation’s casinos in 2022 was 3.2%, compared to 3.0% in 2021, 2.5% in 2020, and 3.4% in 2019. This stability followed the introduction of a 50% increase in casino entry costs in 2019, soon before the COVID-19 pandemic.
Related Article About: Resorts World Sentosa
Original story by: IAG
Other Interesting ArticlesCustomers file case against MGM, Caesars over data negligence
Sep 26, 2023