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Asia News - Page 102

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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.

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.

Thai Police Block Gambling Sites

International News Brief: Thai police ordered local internet providers to block access to England-based betting websites in an effort to stem record gambling expected in the kingdom during the ongoing Euro 2004 football tournament.

Gambling in Philippine Schools Ordered Shut Down

International News Brief: President Gloria Macapagal-Arroyo yesterday directed all concerned authorities to shut down all kinds of gambling operations and game stations within school premises nationwide.

Gamblers Take Off for Cambodia

International News Brief: Thousands of Thai people crossed the border during the weekend to casinos in Cambodia where they could place bets on the Euro 2004 soccer matches.

Thai Police Crackdown on Euro Betting

International News Brief: Police arrested 353 people across Thailand for gambling on Euro 2004 Cup soccer matches during the opening hours of the tournament.

Poll: Thailand's Euro 2004 Betting Up

International News Brief: Thais are expected to spend as much as 33 billion baht betting on the Euro 2004 football tournament, according to a poll.

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