SINGAPORE: The Casino Regulatory Authority of Singapore (CRA)
has renewed the casino licence of Marina Bay Sands for another 3
years, with effect from 26 April 2013.
CRA said in assessing the renewal of MBS' licence, it had taken
into consideration MBS' compliance record as one of many
factors.
For the new licence period, CRA has imposed additional requirements
on MBS to institute, strengthen and maintain a rigorous compliance
framework that is in line with Singapore's laws and
regulations.
In response to media queries, Marina Bay Sands said it looks
forward "to continuing to contribute to Singapore's economy, to
provide jobs for Singaporeans and to conduct its business with
integrity and in compliance with Singapore's laws and
regulations".
A spokesperson said the casino operator has in place comprehensive
initiatives to ensure compliance with Singapore laws.
"These initiatives are designed to strengthen our internal
compliance monitoring systems, and further enhance awareness of
compliance requirements within our organisation. For instance, we
are implementing a system of cyclical refresher training programmes
and introducing additional training programmes for our employees,"
the spokesperson said.
"To ensure we have adequate expertise and resources to implement
our compliance programme, we have expanded and will continue to
expand and deepen our compliance team whenever necessary," added
the spokesperson.
- CNA/al
