RWS FINANCIAL DATA (S$)


Revenues Gaming


Non-gaming Gross profit Net profit


2023 H1 1.08bn


746.9m 333.1m 403.2m 276.6m


MBS FINANCIAL DATA (S$)


Net revenues Casino Rooms Mall


Dining Convention


2023 Q3 1.01bn


698m 125m 68m 89m 35m


2022 2.51bn


1.68bn 285m 226m 234m 91m


2021 1.37bn


905m 139m 176m 106m 44m


2020 1.26bn


872m 136m 112m 97m 44m


2019 3.10bn


2.16bn 404m 185m 241m 104m


2022 1.72bn


1.22bn 478m


601.8m 340.1m


2021 1.06bn


802.5m 245.7m 326.8m 183.3m


2020 1.06bn


700.8m 284.5m 231.8m 69.2m


2019 2.48bn


1.61bn


832.3m 1.03bn


688.6m


to address risks posed by online gambling. At the moment online gambling is illegal through sites other than legal operator Singapore Pools.


New laws were introduced last year to clamp down on illegal online gambling with fines of up to S$200,000 and five years in prison for operators whilst gamblers can face fines of up to S$10,000 and six months in prison.


One ‘blurred line’ is the topic of loot boxes in video games. Tese are not considered gambling if they do not contain prizes which are money or the equivalent value.


Also there is the issue of problem gamblers which numbered around 800 to 1,000 people annually seeking help from agencies between 2020 and 2022. At least half said they had participated in illegal online gambling.


By September 2023 more than 1,900 remote gambling websites had been blocked by the GRA and more than 260 bank accounts. Since August 2022 until the end of last year the GRA claims it received 70 reports relating to illegal online gambling.


Under the new GRA licensing regime, the licence to operate the wagering operations of 4D, Toto, Sports betting, Singapore Sweep Lotteries and Horse Racing is now granted directly to Singapore Pools Ltd which received a licence renewal in 2022.


WIRE / PULSE / INSIGHT / REPORTS P113


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