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Singapore to get new gaming authority

A new centralised authority to oversee the entire gambling industry in Singapore will be established by the Ministry of Home Affairs in 2021. The new body – to be called the Gambling Regulatory Authority (GRA) – will be a statutory board and will be reconstituted from the current Casino Regulatory Authority (CRA), said on Friday the ministry in a written statement.

The AGEM Index decreased by 156.39 points in March 2020 to 312.52 points, a 33.4 percent decline from February 2020.

. Twelve of the 13 AGEM Index companies reported significant stock price declines as global markets reacted to gaming industry shutdowns, historic unemployment claims, and a widening economic freeze due to the COVID-19 pandemic.

Macau Gross Gaming Revenue (GGR) will continue to fall 2020 rebound 2021: Report from Morgan Stanley

Macau’s faltering gross gaming revenue (GGR) will maintain that downward trajectory at least until October. But a significant 2021 rebound could be in store for the world’s largest gaming center, according to Morgan Stanley analysts.