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Asia News - Page 47

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Vietnam: Government to issue decree on casinos

International news brief: Vietnam's Prime Minister Nguyen Tan Dung has agreed in principle to the construction of a large tourism centre with a casino.

LV Sands lays off 500 in Macau

News brief: The Venetian Macau cut 500 employees, including 100 managers, in another sign of the hard economic times hitting the Chinese gambling enclave.

Singapore extends smoking ban

International news brief: Singapore’s National Environment Agency (NEA) is widening the list of smoke-free places in the Asian city-state.

Six Brits arrested and fined for playing bingo at Turkish holiday resort

International news brief: Six British holidaymakers have been arrested for playing bingo in Turkey.

Macau casino stocks soar in Hong Kong trading

News brief: Analysts believe traveling restrictions on mainland Chinese gamblers will be relaxed.

Congressman's former campaign manager subpoenaed

News brief: Unnamed sources believe that the former campaign manager of U.S. Rep. Christopher Shays used re-election funds to gamble.

Cambodia imposes slot machine ban

International news brief: The government has banned slots at entertainment clubs but will allow them in many of the country's hotels.

BMM signs testing agreement with Macau Polytechnic Institute

The two will establish a testing center for gaming devices and will support the development of gaming standards.

South Korean baseball players busted for illegal online gambling

International news brief: Between 12 and 14 baseball players played Baccarat on an internet site, according to prosecutors.

Macau revenue rises for first time in two months

Gaming revenue grew 3 percent in November as Macau casinos collected $940 million compared to $920 million in November 2007.

Sri Lanka: Govt. revenue from casinos increase rapidly

International news brief: Government revenue collection from the Casino clubs in terms of Betting and Gaming Levy has seen a rapid increase in Sri Lanka.

Horse racing charges back into China

International news brief: Biggest horse race since 1949 will take place this week at China's Orient Lucky City racetrack.

Galaxy pushes back Macau casino opening to 2010

International news brief: US casino giant says delay is due to difficult market concerns and comes after Las Vegas Sands halts projects in the territory.

Hong Kong man given 8-years in jail for running online gambling websites in SW China

International news brief: Hong Kong man sentenced to eight years and fined 20 million yuan (2.9 million U.S. dollars) in southwest China's Yunnan Province.

MGM Mirage to develop casino in Vietnam

MGM Mirage announced today it is teaming up with an Asian development company to build a "Las Vegas-style" casino in Vietnam.

Korean casino shares drop as country plans to curb gambling

International news brief: Shares of Kangwon Land, the operator of South Korea's only casino open to local citizens, dropped 15 percent.

$6 million bet illegal, lawyer says

International news brief: A lawyer has called a US$6 million wager, that a South Korean builder couldn’t complete Vietnam’s tallest tower on schedule, illegal.

Taiwan to okay casinos

International news brief: Taiwan's parliament is set to legalise gambling on a group of offshore islands as soon as year end, legislative sources said on Monday.

Gaming expansion said to continue in Asia

International news brief: Massive layoffs of construction workers in China and the suspension of multibillion-dollar projects in Macau have not dimmed the potential for the expansion of gaming in other Asian markets.

Macau gaming suffers in struggling economy

Asia's gambling Mecca has seen revenues drop and projects suspended as the financial crisis begins to take its toll.

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