Asia News - Page 21

Revenue was predicted to rise higher but came in with a 12.3 percent increase.

Rolling Chip Turnover for the month of September 2012 at the company’s VIP rooms in Macau was down 34.8% year-over-year.

Las Vegas Sands plans on building a "50 percent scale-to-scale" replica of the Eiffel Tower as part of its The Parisian resort on the Cotai Strip in Macau.

Macau revenue for September predicted to show an 19-22 percent increase over the same month last year.

The Casino Regulatory Authority of Singapore imposed a financial penalty of $600,000 on Resorts World Sentosa for partially reimbursing the annual entry levy paid by some local casino patrons.

A planned Manila Casino to be developed by a trio of casino giants is still on target.

Rolling Chip Turnover for the month of August 2012 at the company’s three VIP rooms in Macau was down 19.3% year-over-year.

Macau gaming authorities said casinos collected $3.3 billion from gamblers during the month, the second highest ever recorded for a single month.

Macao revenue rose 5.5 percent in August 2012 compared to 2011.

Construction of Dreamworld Poipet, a slot hall development project in Poipet, Cambodia, has commenced.

On Wednesday, the property was fined $286,800 for several failures in enforcing the country's casino-entry restrictions.

Singapore CRA fined Marina Bay Sands and Resorts World Sentosa for failing to enforce the social safeguard requirements.

Crime has not increased as a result of casinos and casino crime represents less than one percent of all crime.

VIP gamblers revenue predicted to fall again for August -- the second month that VIP's are cutting back their spend in Macau.

Following US clampdown, Asian casinos and banks will follow suit and implement better surveillance and reporting of money laundering activities.

Two Buddhist monks fined $2,000 for illegal gambling in a secretly filmed poker match.

MGM Resorts International express optimism that Macau government will approve their plan for a new Cotai casino.

150 people have been arrested in Macau clampdown on Triad activity in casinos.

Asia Entertainment & Resources report Rolling Chip Turnover for July 2012 US$1.310 billion, down 40.8% year-over-year.

The rise is a far slower pace than has been the case in Macau over the last few years.