Asia News - Page 18

Casino developers will spend some $22 billion on massive new resorts and gambling complexes in Macau over the next four years.

Asia Entertainment & Resources Ltd. announced unaudited Rolling Chip Turnover for the month of June 2013 at the company’s VIP rooms in Macau was down 3% year-over-year for June.

Gambling revenue in the Chinese territory, just across the strait from Hong Kong, rose to $3.54 billion, according to figures released Monday by the Macau Gaming Inspection and Coordination Bureau.

The firm will form SK+G Asia Pacific in partnership with The Tank, a Hong Kong based advertising and marketing firm.

With the completion of this acquisition AERL will operate 40 tables in five VIP rooms with four concessionaires in the Macau market.

Indian government urged by the gaming industry to legalize sports betting in an effort to combat match-fixing.

As Melco Crown is honored by FinanceAsia, company is also developing its Manila resort for 2014 completion.

South Korea declines on casino licence bids by Caesars Entertainment and Lippo consortium, and Universal Entertainment.

The long-awaited approval was announced Wednesday by the Macau government.

Macau gaming revenues grew 13.5 percent in May to $3.7 billion.

Macau revenue up 13.5 percent for May, helped by public holidays which brought Chinese visitors.

Rolling Chip Turnover decreased 24% compared to the same three months last year.

Galaxy plans to expand Galaxy Macau, adding two more phases to the casino-resort.

IGT receives ISO certification for its China Research and Development office in Beijing.

Universal had booked the $25 million payment to Subic Leisure as an expense to resolve a land rights dispute surrounding its $2 billion resort project on Manila Bay.

Singapore government commissions serious study to examine feasible ways it can stop online gambling by its citizens.

Rolling Chip Turnover for the month of April 2013 at the company’s VIP rooms in Macau was US$1.47 billion, down 16% year-over-year.

For the first four months of 2013, Macau’s gaming revenue collections are up 14.4 percent compared to the same four months of 2012.

"Mobile Millions," a new casino game from Cantor Mobile Casino, now available to patrons of The Venetian and The Palazzo.

Concerns over a potential outbreak of a new strain of bird flu in mainland China worried investors and kept stock prices from rising.