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Asia News - Page 102

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Chinese Gamblers Killed by Lightning

International News Brief: Gamblers seeking shelter under some trees were killed when they were struck by lightning in a town in east China's Zhejiang province.

Cricket Council Official: Gambling Still Present

International News Brief: A senior official of the Anti Corruption Unit of the International Cricket Council has admitted that gambling was still present in cricket but insisted there had been a big reduction in the involvement between players and bookmakers.

Wynn Breaks Ground on Macau Casino

International News Brief: Las Vegas gambling mogul Steve Wynn broke ground today on his first Macau casino, a $705 million megaresort that will bring fresh competition to the enclave's top industry.

Macau Galaxy Resorts to Open Next Month

International News Brief: Galaxy Resort & Casino says it will open its new Macau casino next month.

Ho Wah Bets on Gaming

International News Brief: Ho Wah Genting Bhd said its new gaming and hotel subsidiary is expected to be the group’s primary income generator this year following its favourable performance in 2003.

Kerzner and Istithmar Agree to Expand Atlantis

Kerzner International Limited and Istithmar PSJC, an entity indirectly wholly-owned by the Government of Dubai, announced that they have entered into an agreement which will enable the parties to increase the scope of Atlantis, The Palm.

Interest in Asian Casinos Intensifies

International News Brief: Asia's casino war heated up today with gambling tycoon Stanley Ho's group saying it would invest U.S. $380 million in Macau and an American gaming giant announcing it would hold "exploratory talks" with Singapore.

MGM Mirage Expansion: Deal Struck for Resort in Macau

With the ink barely dry on its $7.9 billion proposal to buy Mandalay Resort Group, MGM Mirage on Monday entered into a joint venture agreement with Pansy Ho Chiu-king to develop, build and operate a hotel-casino resort in Macau.

Betfair Targets Asian Gamblers

International News Brief: Online gambling service Betfair, has embarked on an expansion plan in Asia by lobbying governments and the handful of existing legal bookies for recognition and alliances.

Nevadans Not Marketing Gambling in China

Nevada's opening of the first-ever U.S. tourism office in China comes at a price -- the office can't promote the state's No. 1 industry, gambling.

MGM Mirage in Deal to Build Casino in China

Fresh from engineering the biggest gaming acquisition in history, MGM Mirage today said it entered into a joint venture to build and operate a major resort in the Chinese city of Macau, one of the most lucrative gambling markets in the world.

Pagcor Disowns School Gambling

International News Brief: The Philippine Amusement and Gaming Corp. (Pagcor) disowns any link to illicit sports-betting operations in schools and universities and reiterates its support to President Arroyo’s drive to clamp down on illegal gambling.

Singapore Asks Looks for Public Opinion on Casino

International News Brief: The Singapore government took the unusual step Friday of appealing for residents' comments on whether the city-state should open its first casino.

Philippine Cops Wait for Gambling Guidelines Approval

News Brief: The Cabanatuan police is waiting for the issuance of the implementing guidelines so they can act effectively on President Arroyo’s order to crackdown on computer game shops and other gambling sites near schools.

STDM Accused of Money Laundering

International News Brief: Stanley Ho's multibillion-dollar gaming flagship Sociedad de Tourism e Diversoes de Macau is allegedly at the center of a money-laundering scheme moving billions of US dollars out of China through Macau into Hong Kong.

Bribery Case Against Sharon is Dropped

International News Brief: Israel's attorney general dropped a bribery investigation against Prime Minister Ariel Sharon yesterday, removing one of the clouds hanging over the Israeli leader.

Southern China Fights Illegal Gambling

International News Brief: Guangdong Province, Hong Kong and Macao may fight underground gambling together.

Asian Governments Praised For Vigilance

International News Brief: The Asian Football Confederation has praised the respective governments of Thailand, Malaysia and Singapore for their vigilance on cracking down illegal betting for the Euro 2004.

Wynn Bets on Cheap Loan Deal

International News Brief: Underwriters for a $397 million loan facility to be used for the construction of Wynn Resorts Macau's first hotel and casino project in the enclave are offering lower pricing than similar deals in recent history.

Wynn Bets on Cheap Loan Deal

International News Brief: Underwriters for a $397 million loan facility to be used for the construction of Wynn Resorts Macau's first hotel and casino project in the enclave are offering lower pricing than similar deals in recent history.

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