Asia News - Page 111

International News Brief: A 55-year-old former construction company chairman was indicted on charges of violating Korea's foreign exchange control law. He is suspected of borrowing money from the Mirage for casino gambling.

International News Brief: The South Korean government is planning to monitor 300-odd Internet sites, including gambling sites, to ensure security is tight enough to ensure no private information is vulnerable to release.

International News Brief: Pyongyang, North Korea is aiming to attract some $150 billion in foreign capital to the Shinuiju Special Administrative Region with casinos, finance centers and international logistics facilities.

The $1.6 billion Bellagio plansto add a $375 million 925-room spa tower to create an unprecedented oasis of privacy in the world of Bellagio.

International News Brief: A former president of a South Korean casino and a former chairman of a newpaper were arrested for taking more than the permissible amount of U.S. dollars out of Korea for gambling in Las Vegas.

A South Korean ex-media tycoon was arrested on charges of violating Korea's currency laws when he illegally borrowed $4 million in 1996 for gambling from Laura Choi, a former Mirage Resorts Inc. manager.

International News Brief: Roger Moore, best known for his movie roles as the international secret agent James Bond, will attend the World Cup's opening ceremony as Seoul's goodwill ambassador.

International News Brief: Prosecutors will summon President Kim Dae-jung's youngest son, who has been accused of accepting a bribe to secure a lottery license for Tiger Pools Korea.

International News Brief: An investigation into a scandal surrounding over $750,000 in missing revenue at South Korea’s Kangwon Land casino, appears to have had only limited impact on its gambling business, which continues to flourish.

International News Brief: The Seoul District Public Prosecutor's Office said it arrested 33 members of organized crime families for operating video game arcades with illegal gambling machines in Seoul.

International News Brief: Korean Chuncheon District Prosecutors conducted a seizure search on the casino Gangwon Land Friday.

International News Brief: North Korea’s first web site hosts a people’s lottery where people from around the world can win 100 percent of the pot.

International News Brief: A new lottery series recently hit the market, and it is targeting foreigners visiting or residing in Korea as its sole consumer group.

South Korea's sole sports lottery operator, Sports ToTo, is giving Internet-savvy Koreans a way to bet on soccer online.

International News Brief: Korea's recreation and gambling industry ballooned by 45 per cent last year, posting a revenue of $7 billion compared to the $4.8 billion it made in 2000.

International News Brief: Despite the domestic economic slump, the gambling industry grew 45 percent last year, creating a market worth 9.2 trillion won (US$7 billion).

News Brief: South Korea may be feeling the pinch of recession, but with hard times looming, the country's gambling industry is cashing in.

News Brief: Kangwon Land, the country’s only casino operator, is likely to become the largest sales maker in South Korea's gambling industry, bypassing horse racing.