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Asia News - Page 102

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UAE Arrests Chinese for Gambling Crimes

nternational News Brief: Authorities in the United Arab Emirates have arrested 61 Chinese nationals for gambling-related crimes, prompting China to warn citizens abroad to follow local laws, the Chinese Foreign Ministry said Wednesday.

Macau Casinos Report Record Revenues

nternational News Brief: Macau's casino sector generates record gross revenue of 15.1 billion patacas in first five months, up ‘over 50 per cent’ on same period last year.

Macau Legislature Passes Credit Legislation

The Macau General Assembly passed credit legislation on Monday that will allow casino promoters to extend credit in the form of gambling chips to high-rollers, Wall Street analysts said today.

Philippines to Launch Online Cockfight Betting

International News Brief: The Philippines is to launch on-line betting on cockfights in the next few weeks, officials said on Monday.

Singapore Has Chance at Gambling Pie

International News Brief: The world's gaming giants MGM-Mirage, Caesars Entertainment and Venetian Sands are betting that Singapore will capture a good slice of Asia’s gambling pie.

More Signing Up for Singapore Addictions Program

International News Brief: Last year, 1,556 people signed up for counselling in the Community Addictions Management Programme at the Singapore Institute of Mental Health, 46 per cent more than in 2002.

Pakistan Bookies Bet on Lottery Show

International News Brief: Lahore, Pakistan, bookies have started taking bets on an Indian lottery television show that is becoming increasingly popular.

Bank Exec Used Casinos to Launder Money

International News Brief: An United Overseas Bank Card Center executive diverted money into his own account and got cash advances on his credit cards when gambling at casino cruises.

Gamblers Swamp Macau

International News Brief: 3.75 million tourists visited Macau in the first quarter, a 25 per cent increase over last year. Analysts believe that Macau will continue to grow.

Sands Courting Singapore

International News Brief: Las Vegas Sands Inc. has approached the Singapore Government about developing a multi-million dollar gaming venue here, the company president said.

Sammy Corp. to Takeover Sega

News Brief: Sammy Corp. will buy the three quarters of Sega Corp. it doesn't own for about 165 billion yen in stock, resurrecting a takeover that collapsed in May last year.

Las Vegas Casino Interests Open New Era in Macau

An estimated 50,000 gamblers and curiosity seekers Monday helped Sheldon Adelson open Macau to "an exciting new era" for U.S. investments in China's multibillion-dollar gaming market.

Chinese Gamblers Flock to Burma's Sin City

International News Brief: Burma’s frontier town, Mong Lar, is rapidly transforming into a bloated sin city popular with day-tripping Chinese gamblers.

Analysts Disagree on Macau's Long-Term Consequences for Las Vegas

Although some say the Cotai Strip development will breed added visitors for the Strip, others caution it will create an Asian gaming mecca that will lure high-roller and other Asian players, many of whom have gambled in Las Vegas in the past.

Horse Racing to Sweep China

International News Brief: At the Beijing Jockey Club, you can wager a good sum on a horse race. Just don't call it betting.

Rush of Gamblers Greets Sands Macau

International News Brief: Hours before the gleaming $240 million Sands Macao was opened to gamblers, thousands of people had already lined up outside the building covered with gold-coloured glass.

Malaysian Companies Seeking Legalized Football Betting

International News Brief: Several public-listed companies are apparently seeking Malaysian government approval to offer football betting for domestic and international matches.

Sands Macau Set to Bow

Barring any unexpected setbacks or changes, a new international gaming era is set to debut late this evening when officials from Las Vegas Sands Inc. will open the U.S. company's first casino venture in the seaside Chinese enclave of Macau.

Consultant: Singapore Ought to Have Casino

International News Brief: Singaporeans spend close to US$1 billion a year in foreign casinos and having one here will not only plug this leak, but also give the convention industry a boost, according to a consulting company.

Police Bust Illegal Gambling Den in Singapore, 28 People Arrested

International News Brief: Police busted an illegal gambling den and arrested 28 people in a Joo Chiat shophouse.

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