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Asia News - Page 56

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Hong Kong won't compete with Macau

International News Brief: Hong Kong won't build casinos to compete with neighbouring Macau, despite the challenge posed by the gambling mecca's rapid transformation into a tourism and convention hub, Hong Kong's leader said on Thursday.

Vietnamese casino opening delayed

International News Brief: The Taiwan-backed operator of Vietnam's biggest casino, Royal International Corp says that its first Sheraton hotel casino would be delayed several months because of design changes.

Taiwanese official wants casino vote

International News Brief: Legislative Speaker Wang Jin-pyng has called for a vote on the opening of casinos on Taiwan's outlying islands during the current legislative session.

G2E Asia to include online gaming pavillion

After a successful debut in Macau this June, G2E Asia 2008 will include a pavilion dedicated to the internet gaming industry.

Looking in on: Gaming

Chinese customers at the newly-opened 3,000-room Venetian Macau are experiencing a taste of Las Vegas-style gambling, glitz and luxury on a massive scale.

Tourists seized for playing bingo

International News Brief: Two British women were seized by police after being caught playing bingo in a bar while on holiday in Turkey.

Golden Sun Profits, Macau Success sign deal

Golden Sun Profits Limited and Macau Success signed a conditional Sale and Purchase Agreement.

GSA, Macao Polytechnic Institute sign deal

Gaming Standards Association has signed a memo of understanding with the Macao Polytechnic Institute.

Las Vegas Sands' effort hits snag in court

A District Court judge has set back efforts by casino operator Sheldon Adelson to keep sealed pretrial depositions and other business information that his attorneys said could threaten the billionaire's growing Chinese operations.

Wynn's shares tumble

News Brief: Shares in his Wynn Resorts tumbled nearly 10 percent after a casino analyst at Morgan Stanley said Wynn had wildly overestimated the action he expected at his extravagant new Wynn Macau casino.

Singapore company wins Philippines casino bid

International News Brief: A Singapore-based company has won the Bureau of Internal Revenue's bidding for M/V Philippine Dream, a floating casino in Cebu, Philippines.

Gambling loss case involving APB begins in High Court

International News Brief: Asia Pacific Breweries Singapore will appear in court to answer claims made by four foreign banks on their financial losses arising from bogus loans obtained by their former finance manager.

Catching up to Las Vegas

When the Macau government opened its gambling market to foreign investment a few years ago, it sought companies that could help transform the Chinese seaport into a top luxury resort destination.

Packer plans third Macau casino

International News Brief: James Packer's third Macau casino, Trinity, is expected to cost at least $675 million and open in late 2010.

GPI delivers Wynn Macau order

Gaming Partners International Corporation has completed delivery of Bourgogne et Grasset gaming chips with Magellan/PGIC 13.56MHz RFID for the recently completed expansion of Wynn Macau.

Elixir delivers Philippines order

Elixir Gaming Technologies has delivered agreements for the placement of 700 slot machines to Manila Prince Hotel & Casino and Isis Slot Club in the Philippines.

Venetian Macau uses GPI chips

Gaming Partners International Corporation reports that the Venetian Macau opened on August 28, 2007 with GPI's high security chips in use on all 870 tables in the casino.

Casino magnate promises to return looted sculpture to China

International News Brief: Casino magnate Stanley Ho has paid $8.9 million Cdn for a bronze horse head from China's imperial palace and says he will return it to China.

Shuffle Master reports Macau malfunctions

Shuffle Master, Inc. reports that Macau Gaming Inspection and Coordination Bureau ordered that a number of Stargames’ slot machines be turned off at various casinos and slot halls in Macau.

Harrah's acquires Macau Orient Golf

Harrah's Entertainment, Inc. reports that its subsidiary, Harrah's Operating Company, Inc., has acquired Macau Orient Golf.

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