Asia News - Page 13

A survey in Macau and Singapore has shown strong enthusiasm for working in casinos.

Paul Phua and his son, Darren Phua, were among eight defendants charged in a multimillion-dollar scheme that accepted wagers on the World Cup soccer tournament in Brazil last year.

The worry is now about 2015 and what effect continued softness in the world’s largest gambling enclave will have on Nevada casino operators.

Macau feels the brush of first annual revenue decline, with month of December's startling 30.4% dip.

Ahmad Zahid Hamidi, Malaysia’s minister of home affairs, sent a letter earlier this month to Deputy FBI Director Mark Giuliano in Washington rebutting FBI claims that the lead defendant in the high-stakes betting case is tied to a powerful Chinese crime syndicate

Korea is beset with illegal online sports gambling that is difficult to clamp down on.

PokerStars LIVE Manila follows Macau to become the second PokerStars live poker room operating in Asia.

A two month operation to crush illegal gambling and pornography has resulted in 3,014 people being arrested.

Even after six consecutive monthly gaming revenue declines, Macau is still not close to hitting bottom.

Boasting nearly three decades of industry experience, Cheng’s appointment is a strategic move designed to accelerate momentum behind the brand’s global gaming growth plans.

As a market, Macau has never experienced an annual gaming revenue decrease.

The Macau Gaming Inspection and Coordination Bureau said Monday casinos in the Chinese gambling market collected $3.04 billion in gaming revenue during the month, down 19.6 percent from a year ago.

China attending to corruption has delivered the first pinch to Macau's gaming dependent economy.

South Korea will likely benefit from Japan's decision not to repeal its casino ban.

Recent talk of legislating casinos has shone a light on Japan's estimated 5.36 million gambling addicts.

The bond advisement service predicted zero growth in Macau’s gaming revenue by the time 2014 is concluded, and an overall decline of 1 percent in 2015.

Total casino revenue was $3.5 billion in October — Macau’s fifth straight monthly decline, the Macau Gaming Inspection and Coordination Bureau said Tuesday.

Wynn said its net income for the quarter that ended Sept. 30 was $191.4 million, or $1.88 per share. A year ago, the company reported net income of $182 million, or $1.79 per share.

Singapore has increased counsellors and has two designated centres to assist the increased number of problem gamblers.

Sri Lanka intends to increase gaming tax to the level of 10 percent of turnover.