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Asia News - Page 105

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Malaysian State Government Keeps Gambling Ban

International News Brief: The new state government will not lift the ban on gambling outlets imposed by the previous PAS administration.

Singapore Official: Gaming Operator Merger Won't Hurt Charities

International News Brief: According to Second Finance Minister Lim Hng Kiang, charities now being supported by Singapore Pools have been assured they will continue to receive funding after the gaming operator is acquired by the Totalisator Board.

Private Company to Run Proposed Singapore Casino

International News Brief: According to Second Finance Minister Lim Hng Kiang, a private company will probably run the casino that the Singapore government is mulling over on one of its southern islands.

Philippines Casino Expected Within Year

International News Brief: The proposed casino inside Camp John Hay is expected to be operational within the year, according to CJH Development Corp. director Rafael Perez de Tagle Jr.

Singapore Scrutinizes Lasseters Listings Application

International News Brief: Monetary Authority of Singapore is going through Australian casino operator Lasseters International Holdings's prospectus with a fine-tooth comb and is likely to extend the review period before the prospectus is registered.

Ho Planning More Macau Casinos

International News Brief: Stanley Ho plans to open several new casinos over the next few years, according to a source of his casino company, Sociedade de Jogos de Macau.

Singapore to Decide on Casino

International News Brief: Singapore will decide in about six to nine months whether to allow a casino on the island after a study of the implications.

Asia Poised for Casino Boom

International News Brief: Asia's legal gambling industry is poised to boom with a spate of new casinos as governments around the region seek to haul in the billions of dollars circulating through the unlicensed system, analysts say.

Singapore Official: Casinos Will Attract Tourists

International News Brief: The Singapore government says it is aware of the social problems casinos can create, but it is still considering allowing one to be built here to attract gambling tourists, according to a government official.

Casinos to Create 22,000 Jobs in Macau

International News Brief: Macau's gaming industry will create around 22,000 jobs over the next few years, equivalent to 10 percent of the workforce, as the territory undergoes a Las Vegas-style makeover, according to industry representatives.

Wynn Hedges Bet on Macau

International News Brief: Steve Wynn, the casino mogul who made Las Vegas into a family holiday spot, is still hedging his bet on working his magic on Macau.

Hong Kong Illegal Sports Gambling Ring Busted

International News Brief: Malaysian police arrested seven people, including four Chinese from Hong Kong, for running a multi-million dollar illegal football gambling syndicate.

Online Casino Group Bets on Israeli Software

International News Brief: Gaming Corporation, an online casinos group, is in talks to buy an Israeli software house that would give it the technology to launch a wide variety of new interactive games.

Macao, Hong Kong Joint Race Breaks Record

International News Brief: The Macao Jockey Club brought in a record high daily gross revenue of $19 million from Sunday's first joint race with the Hong Kong Jockey Club.

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.

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