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Asia News - Page 51

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Hong Kong to Macao ferry service increased

Cotai Waterjets Limited announced today that it has received permission from the appropriate Macao and Hong Kong transportation departments to begin operating its Cotai Strip CotaiJets with increased frequency and at night.

PokerStars Macao opens

PokerStars announces the opening of Macau’s first live poker room - PokerStars Macao.

Another casino proposed for Cambodia

International News Brief: Thaksin Shinawatra is interested in developing another casino and entertainment complex in the Cambodian province of Koh Kong, Cambodian Defence Minister Teah Banh said yesterday.

Genting still eyeing Macao

International News Brief: With Asia expected to provide the largest gaming growth in the world, the Genting Group's head of strategic investments and corporate affairs hasn't given up on setting up a casino in Macau.

MGM Grand Macau underperforming

International News Brief: MGM Mirage, the 50 percent stake holder in the MGM Grand Macau stated its first quarter earnings report that its Macao venue was under-performing and it needed to increase its marketing effort in the mainland.

Top Asian players face off

The top professional poker players with Asian heritage are aiming for nothing less than the top prize at the upcoming Asian Poker Tour Philippines leg this coming May 27 to June 1.

Macau official: Subconcession necessary to save Sands from elimination

A Macau government official said Friday he was faced with a Catch-22 dilemma in late 2002: either split a shared gambling concession between feuding Las Vegas Sands Corp.

Las Vegas Sands lawsuit: Licensing process described

A Macau government official said mainland Chinese leaders had zero input on the steps the Special Administrative Region undertook to liberalize gaming in 2002, which led to Las Vegas Sands Corp. winning a shared gambling license.

Kenilworth sees Macao move as positive

Kenilworth sees Macao's move to halt the issuance of additional gambling licenses for the next ten years as change towards internet gambling.

Ho supports Macao casino slowdown

International News Brief: Last week's announced slowing of casino development and fixing of commission rates for junket operators was welcomed by the director of Sociedade de Jogos de Macau, Stanley Ho Hung-sun.

Former Macao official on trial

International News Brief: The largest corruption trial in the history of gambling enclave Macao has opened, with a former minister accused of taking $100 million in bribes.

Gambling beyond Nevada: No more licenses in Macau

Chinese government to halt concessions; other measures could slow junket-bounty growth.

Macao moves to rein in casino growth

International News Brief: A move by Macao to rein in breakneck casino growth should help established operators by shutting out aspiring rivals, but raises the spectre of Chinese government pressure for more restrictions.

Macao's high rollers break record

International News Brief: If there is a global credit crunch going on, no one told the gamblers in Macau who sent casino takings soaring 62% in the first quarter of the year to 29.8 billion patacas

Adelson fights lawsuit

Las Vegas Sands Corp. Chairman Sheldon Adelson denies owing a Hong Kong businessman millions for helping his casino company win a gaming concession in Macau. partners with G2E Asia is an official online travel company for this year's G2E Asia.

Taiwan looks to open up gambling

President-elect Ma Ying-Jeou has pledged to open up the island nation’s gambling business by revising the current Statute for Offshore Island Development.

Waterfront Philippines plans new casino

International News Brief: Waterfront Philippines Inc. plans to put up a 2,500-room hotel and casino facility within the 40-hectare Bagong Nayong Pilipino-Manila Bay Integrated Tourism City on the reclaimed area.

Growth in Macau offsetting "weak" Vegas market

News Brief: The performance of casino mogul Steve Wynn's Macau property is making up for any weakness in the Las Vegas market as a result of the US economic slowdown, an analyst said last week.

Star Cruises, Alliance Global team up

International News Brief: Star Cruises plans to team up with Alliance Global Group to develop hotels and casinos in the Philippines.

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