Asia News - Page 111

International News Brief: Las Vegas gaming mogul Steve Wynn said that Macau's process of legalising casino operators' right to grant credit to gamblers was `moving on very nicely.’

International News Brief: Macau International Airport Company would like to put slot machines at airport as an additional source of revenue.

International News Brief: South Korea’s President Roh Moo-hyun and his cabinet have approved a proposal authorizing foreign companies that invest $500 million in the country’s tourism industry to open a casino.

International News Brief: Baguio City councilors have given their go signal for the casino in Camp John Hay even as one of their colleagues walked out to protest the plan.

Michael R. Henderson, Creator MOON, today announced the award of the contract to create the five man made islands which will form the land for MOON.

International News Brief: The Thai Government Lottery Office said it is looking for feasible ways of launching a legal football gambling business in Thailand, aiming to eliminate illegal betting desks which are now gaining more popularity among Thai fans.

Steve Wynn and his board of directors are slated to begin a trip to Hong Kong and China today that should culminate Wednesday at a Wynn Resorts board meeting in Macau.

International News Brief: Thai Prime Minister Thaksin Shinawatra said today his Government would consider legalising casinos after a raid on a luxurious floating gambling den in the Gulf of Thailand last week.

International News Brief: Finance Minister Binyamin Netanyahu supports the establishment of a private casino in the southern port city of Eilat.

International News Brief: Las Vegas casino developer Steve Wynn has called for a crackdown on triad-backed loansharking business in Macau and legislation allowing casinos to reduce taxable gambling revenues, a newspaper reported Wednesday.

International News Brief: Israeli tourists were kicked out of Cyprus early for heading to casinos in northern Cyprus, a violation the terms of their permits, police said.

International News Brief: If the South Korea’s government plans are successful, there may be another tourist casino open to foreigners only.

International News Brief: The Incheon Metropolitan Government said yesterday that it would establish one or more casinos exclusively for foreigners in its new special economic zone.

A selection of news and views from inside the gaming industry this week.

International News Brief: According to a new report, South Korea’s resort’s revenues rose by 20.6 percent last year from the year before.

International News Brief: South Korea'sonly casino that allows Korean nationals to gamble has been found to give a lower return rate for customers than the 13 other foreigners-only casinos here.

International News Brief: South Korea’s laws may be amended to allow foreigners to build and operate casinos in areas designated to become special economic zones, such as Jeju Island.

International News Brief: Friday will be a memorable day for the depleted coalmine of Sabuk in Chongson, Kangwon Province, with the opening of a super-deluxe Kangwon Land Resort & Casino.

International News Brief: Four unidentified winners won 9.3 billion won (US$7.6 million) each in a lottery jackpot Saturday, the largest ever in South Korea.

International News Brief: PC rooms and Internet cafes may not be allowed to provide gambling or other betting services from September, according to South Korea’s Ministry of Culture and Tourism.