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FATF identifies illegal gambling among Singapore money-laundering risks

Regulation

The Financial Action Task Force identified illegal gambling as one of Singapore’s money-laundering threats in a mutual evaluation report released on 6 May. It also assessed the Gambling Regulatory Authority’s understanding and supervision of casino-sector risks positively, citing 16 reviews and six fines totalling nearly SG$2.7 million between 2020 and 2024.

The report highlights illegal gambling risks while describing the oversight and enforcement applied to Singapore’s casino sector.

End-of-day close Genting Singapore (G13), SGD, to 26 June 2026
Story date30 March 202626 June 2026

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Deals & M&A

China tax rules raise questions over Marina Bay Sands Q3 EBITDA, says JP Morgan

JP Morgan said China tax rules put "some question" against Marina Bay Sands' third-quarter EBITDA relative to expected fallout. The casino resort's third-quarter performance was assessed against the impact of the tax changes.

JP Morgan Securities LLC said "some question" was attached to the third-quarter business performance of the Marina Bay Sands casino resort in Singapore, relative to "fallout from China clamping down on offshore tax collections." The institution put its forecast for the resort's third-quarter earnings before interest, taxation, depreciation and amortisation (EBITDA) at US$680 million.

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