Asia News - Page 30

A long-awaited stock offering by MGM Resorts International on the Hong Kong Stock Exchange is close to fruition, and it turns out the nearly 18-month wait could be profitable.

Macau's Ion Sang Song won the PokerStars Macau Main Event, taking home HKD $115,800 after outlasting a field of 100 players in the two-day event at Casino Grand Lisboa.

An initial public offering by MGM Resorts International on the Hong Kong Stock Exchange could raise more than $1 billion.

Casinos in the Chinese gaming enclave collected $2.6 billion in April from gamblers, a 44.6 percent increase compared to April 2010.

The Listing Committee of Hong Kong Exchanges & Clearing was reportedly concerned about the shareholding structure of MGM Resorts.

Singapore predicted to overtake Las Vegas in revenue forecast.

The Global Gaming Expo Asia will take place at the Venetian Macau June 7-9 and will explore the top issues affecting the Asian gaming market.

The change in ownership will occur once MGM Resorts' initial public offering is listed on the Hong Kong Stock Exchange.

South Korean government face call from addiction organizations to introduce online gambling ban.

Taiwan has completed a draft gambling bill which will go before parliament in September.

Chinese Taipei's Hung-Sheng "Shaq" Lin defeated a field of 1,329 to win the Macau Millions and go home with HKD $400,000.

Macau casino stocks up to new high after last week's March revenue report.

Macau casinos shatters its monthly gaming revenue records during March, collecting the equivalent of $2.5 billion from gamblers.

Galaxy expects Macau gaming growth to sustain, as it opens Galaxy Macau in May this year.

After opening second property in Macau, Wynn Macau sees net income double.

Matsu Islands intend to introduce a local casino referendum by November.

The $4.5 billion bridge project will allow automobile traffic to reach Macau from Hong Kong and the Chinese province of Zhuhai.

The Macau Poker Cup will take place at Casino Grand Lisboa and runs from May 28 to June 5.

A gaming analyst said the impact surrounding the earthquake and tsunami in Japan shouldn't effect gaming operations in Macau and Singapore.

Macau's newest casino offering -- Galaxy Macau -- will open in May 2011.