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Asia News - Page 43

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Packer's Dreams yet to come true

International news brief: Credit Suisse gambling analyst in Hong Kong cuts his earnings forecast for James Packer's Macau casino joint venture by 81 per cent.

Incoming Macau leader faces gaming, transparency challenges

International news brief: Expectations have mounted for Macau's incoming leader to steer a more sustainable growth path while building a more transparent government.

MGM Mirage looks to Asia for expansion

MGM Mirage in talks with three investor groups to develop a casino in Taiwan.

LV Sands reaches settlement in Macau suit

Las Vegas Sands has reached a confidential settlement with three men over the acquisition of a Macau gaming license.

James Packer opens Macau gambling resort City of Dreams

International news brief: Mr Packer led celebrations for the opening of the opulent, $US2.4 billion City of Dreams casino in Macau.

Harrah's may think of license for Macau

Harrah's will be "interested" in applying for a gambling license in Macau if the government ends a freeze on new permits.

LV Sands trial delayed amid settlement talks

The start of a civil trial over Las Vegas Sands earning a Macau gaming license has been delayed amid reports the sides may be in settlement talks.

Melco Crown aims to double share with new casino

International news brief: Melco Crown Entertainment aiming to double its Macau market share within a year, as it opens a $2.1 billion casino.

Nepal: Midnight raid on casinos

International news brief: Metropolitan Police raid seven casinos, but fail to make any arrests.

Chinese casino drawn into bank bungle millionaires' tangled web

International news brief: New Zealand's now infamous cashed-up couple skipped across to Macau to fritter away a sizeable chunk of the $3 million.

MGM Mirage wraps up $2.6 billion restructuring

The casino operator announces plans to operate smaller, nongaming versions of the Bellagio and MGM Grand in Dubai.

G2E Asia to cover state of Asian market

Some of the top leaders and experts in the Asian gaming market will speak at the event at the Venetian Macau.

Garbage dumped into river by offshore casinos a health hazard'

International news brief: Garbage dumped by the offshore casino operators into the Mandovi river could serve as a serious health hazard.

Macau gaming revenues down 8.5 percent

The global recessions continues to impact the Chinese gambling market as Macau gaming revenues in April decreased 8.5 percent to just above $1 billion.

LV Sands might sell Macau casino

Las Vegas Sands may be considering selling the Sands Macau but would continue to run the casino under its gaming license.

Land chief: No more casinos in Macao's new reclaimed lands

International news brief: The government of Macao has decided not to develop its proposed areas reclaimed from the sea for casino projects.

Online rooms ready for APT event

A number of online poker rooms will send players to the Asian Poker Tour Macau Festival in August.

Gaming revenue rose 8 pct in Q1 this year

International news brief: Macau’s gross gaming revenue rose in the first three months of this year, which seems to signal a recovery from a slowdown.

Date set for LV Sands Macau lawsuit

A second lawsuit concerning how Las Vegas Sands Corp. received a Macau gambling license moved closer to the courtroom Tuesday.

Macau: Gaming industry employees down 2pct

International news brief: The number of paid employees in the Macau gaming industry stood at 43,835 in the fourth quarter last year, down 2 percent year-on-year.

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