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Asia News - Page 57

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Venetian expected to alter gaming in Macao

On the eve of opening a $2.4 billion resort in Macau that will double the casino and hotel capacity of the Chinese gaming enclave, executives from Las Vegas Sands Corp. said there is room for more.

The Venetian Macao opens its doors

With tens of thousands of guests, VIP's, and more than 1,200 members of the media flocking from throughout the region and across the world to see it and experience it, The Venetian Macao-Resort- Hotel opened its doors today and with it ushered in a new chapter in the storied history of Macao.

Venetian bets $1.8 million on Macau

International News Brief: The gargantuan Venetian resort casino will have $1.8 billion at stake when it opens Tuesday, betting it can turn Macau from a gambling paradise into a family entertainment centre to rival Las Vegas.

Elixir delivers machines to Philippines

VendingData Corporation announced today that Elixir Group Limited has delivered agreements for, and placed, a total of 374 slot machines on a recurring revenue model at two venues in the Philippines.

Nepal plans ninth casino

International News Brief: Nepal's casino king R. D. Tuttle is planning to open a new casino, the ninth one, in the Himalayan nation and also one at Goa in India.

US credit turmoil hits Packer's plans

International News Brief: Plans by James Packer's Macau casino business to raise $2.75 billion to finance its expansion plans have been hit by the turmoil in US credit markets, which has shut off new lending for the casino business in the city.

Astro invests in China

International News Brief: Astro Corporation, a Taiwan-based maker of arcade/casino gaming machines, will indirectly invest $3.0 million to establish a joint venture in Beijing, China.

LV Sands executive touts Venetian Macau

The opening of the $2.4 billion Venetian Macau this month will encapsulate a 10-year period in the history of the Strip in one swoop, Las Vegas Sands Corp. President Bill Weidner said Thursday.

Taiwan considers casinos

International News Brief: Taiwan is considering placing a hefty bet on casinos, an official said on Wednesday, hoping a little bit of luck enjoyed by nearby Macau and Singapore will rub off on its tourism trade.

Ladbrokes proceeds with Chinese plans

International News Brief: Ladbrokes is pushing ahead with plans to enter the Chinese market, as operating profits in the UK have fallen more than 10pc in the last six months.

WPT chosen for Chinese poker tournaments

China Leisure Sports Administrative Center will launch the first National Traktor Poker Tournament in China and has selected WPT Enterprises, Inc. as the exclusive marketing partner for the Tour.

PokerTek installs system at Galaxy StarWorld

PokerTek, Inc. reports the installation of five PokerPro tables in the Galaxy StarWorld Hotel and Casino in Macau, the world's largest gaming market.

LV Sands giddy about prospect for Macau

Four weeks before opening the $2.4 billion Venetian Macau, Las Vegas Sands executives said the resort was ready for its unveiling after more than five years of planning, construction and preparation.

Former Vietnamese transport official faces trial for gambling

International News Brief: Former employee of Vietnamese Transport Ministry on trial for gambling and bribery charges.

Former MGM head hired for Taiwan project

International News Brief: The former chief executive of the MGM Grand hotel in Las Vegas has been hired to run a £350 million casino resort off the Taiwan coast being developed by three Scottish businessmen.

Melco Entertainment extends Macau purchase deal

Melco PBL Entertainment has negotiated an extension to its agreement to purchase its Macau Peninsula site.

GCA provides system for Venetian Macao

GCA S.A., a subsidiary of Global Cash Access Holdings, Inc., will provide state-of-the-art cash access services to The Venetian Macao Resort-Hotel.

Vietnamese casino IPO delayed

International News Brief: The Taiwan-backed operator of Vietnam's biggest casino said Thursday it had delayed its initial public offering to next month due to procedural problems in its application to list on the Ho Chi Minh Stock Exchange.

Scientific Games acquires interest in Guard Libang

Scientific Games has signed agreements to acquire a 50% interest in the ownership of Guard Libang,a leading provider of instant lottery ticket cooperative services in China.

Macau's record casino revenues challenge greater Las Vegas

International News Brief: Gaming revenues in Macau shot up 50 percent year-on-year in the second quarter of this year, as the southern Chinese gambling haven gets ever closer to overtaking the greater Las Vegas region.

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