Asia News - Page 57

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.

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.

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.

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.

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

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

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.

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

Jeff Simpson on federal Homeland Security Department plans to begin enforcing workplace regulations that will require businesses to screen their employees to make sure their Social Security numbers match their names.

Everest Casino today announced that the online casino was beginning a month-long promotion that gives players the chance to win an expenses-paid trip to Dubai, UAE.

Since opening to the public, The Venetian Macao-Resort-Hotel has continued to attract an unprecedented amount of visitors.

International News Brief: Amazing Holdings Plc, a development company helmed by Nevada gambling tycoon Larry Woolf, said it will start building a $50 million five-star resort in January as part of a plan to win Taiwan's first casino license.

Interest in the growing Macau casino market fueled investors' actions regarding shares of Las Vegas Sands and Wynn Resorts during August.

A day after opening the $2.4 billion Venetian Macau in China, Las Vegas Sands Corp. officials said costs had risen on the company's Singapore project.

International News Brief: On August 28th the Venetian Macau, the world's biggest casino, opened its doors to an ocean of people eager to get to its tables.

International News Brief: The cost of Singapore's first casino development could balloon by up to 40 percent in a struggle to keep the project on budget, reports said Wednesday.

International News Brief: Gambling tycoon Sheldon Adelson said he has given up hope of building a casino in Israel.