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Asia News - Page 104

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Lasseters Seeks Singapore Listing

News Brief: Lasseters International Holdings Ltd has cleared a hurdle to a listing on the Singapore Exchange.

Singapore Exec Jailed for Cheating Banks

International News Brief: In Singapore, a former finance manager with one of Asia's largest brewers has been sentenced to 42 years in jail for cheating German and Japanese banks out of $US70 million.

Hong Kong Considers Affects of WTO Ruling

International News Brief: The Hong Kong government's ambitious attempt to stop residents from betting on offshore websites may have run into a new obstacle: the World Trade Organisation.

Ho Re-enters Philippine Casino Industry

International News Brief: Stanley Ho has indeed reentered the Philippine gambling scene with the direct involvement of his long-time partner in a newly opened casino at the Sheraton Marina hotel in Malate, Manila.

Filipino Opposition Urges President to Disclose Details of Ho's Visit

nternational News Brief: Opposition presidential hopeful Senator Panfilo Lacson urged President Arroyo to ‘reveal all’ about gambling mogul Stanley Ho’s recent visit and his alleged investments in the country.

Singapore Casino Could Hit Jackpot

International News Brief: A casino opening in Singapore could trigger an annual jackpot up to $335 million in spin-offs and help create up to 1,000 jobs.

Hong Kong Continues Curbing Gambling

International News Brief: Hong Kong Secretary for Home Affairs Patrick Ho says that Hong Kong would continue its efforts on curbing the gambling related activities.

Kazakhstan to Study Macau

International News Brief: Vice-foreign minister of Republic of Kazakhstan says his government wants to study Macau's experience in the gaming industry, namely because the opening of casinos was legal in his country.

Casino to Open in India

International News Brief: A casino near St. Thomas' College primary section in Kollupitiya is to be opened tomorrow despite being suspended by the government, according to sources.

Filipino Official Admits to Meeting Casino Mogul

International News Brief: Filipino officials backpedaled on its dealings with Macau’s casino magnate, Stanley Ho, admitting for the first time that a government official had met with him.

Vegas Companies Eye Singapore Opportunity

International News Brief: MGM Mirage and Caesars Entertainment Inc. are among the U.S. casino companies interested in potentially building a casino in Singapore.

Philippine Party Leader Won't Accept Casino Mogul's Money

International News Brief: Philippine’s opposition presidential candidate Fernando Poe Jr. on Friday said he would not accept campaign contributions from casino mogul Stanley Ho.

Mogul Ho Considers Betting on Philippines

International News Brief: Macau casino mogul Stanley Ho is again flirting with the idea of doing business in the Philippines.

Casino Winner's Wife Held in Cambodia

International News Brief: Cambodian officials are holding a Thai woman holding as a hostage in exchange for her South Korean husband and a friend who fled to Thailand after winning a large sum of money in a casino in Poi Pet.

Cricket Fueling India's Illegal Betting Industry

International News Brief: The current India-Pakistan cricket series in Pakistan, the first in 14 years, is reported to have spurred on the bookies who expect the betting graph to reach unprecedented heights.

Philippines Gambles on Internet

International News Brief: The Philippines is gambling on the Internet to help raise money for its cash-strapped government.

Malaysian Party May Shut Down Casino

International News Brief: Parti Islam SeMalaysia said yesterday it may shut down Malaysian’s only casino in the mountain resort of Genting if it wrests control of the area in the election.

Macau Execs Expect Record Year

International News Brief: Gaming-industry executive say that the Macau government can expect to collect record 12 billion patacas in casino gross-revenue taxes this year.

Nepalese Casinos Offer Betting on Cricket

International News Brief: Six casinos in Kathmandu are offering free food and drinks, a giant screen to watch the cricket series between traditional rivals India and Pakistan and the opportunity to place online bets.

Limited Access to Singapore Casino

International News Brief: Singapore is considering building a casino, but with strict restrictions to limit access to it.

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