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Casino operators must clear suitability checks even after licence issued
By Loh Kim Chin, Channel NewsAsia | Posted: 09 March 2007 2044 hrs

 
 
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SINGAPORE: The Home Affairs Ministry reiterates that casino operators in Singapore's two integrated resorts will have to clear suitability checks.

Such checks are a continuing requirement even after a casino licence is issued, it adds.

The comment came just days after the Genting-Star Cruises consortium, which won the Sentosa project, announced changes to accommodate their interests in both Singapore and Macau.

The changes came after the Singapore government said that although Genting had won the bid to build the Sentosa integrated resort, that did not automatically qualify it for a licence to operate the casino.

Genting International then withdrew from its partnership with tycoon Stanley Ho in Macau, while partner Star Cruises pulled out from the project in Singapore.

Genting-Star Cruises won the bid to build the Sentosa resort last year but came under the spotlight last month when it announced a deal in Macau.

The deal would give a group of investors, including Stanley Ho, a 7% stake in Star Cruises.

There have been concerns over Mr Ho's possible involvement in the Sentosa project.

In its latest statement, the Home Affairs Ministry said that all the bidders of the two integrated resort projects were fully aware of the requirements for probity checks on their management, shareholders, and other associates.

"Suitability checks are a standard practice in the casino industry to ensure that only suitable persons manage and control the casino. Singapore's practice is consistent with that of the leading casino jurisdictions internationally, for example, the United States and Australia," it said.

"Under the Singapore Casino Control Act, all casino operators are subject to such probity checks," the statement said. - CNA/ir

 

 



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