Asia News - Page 58

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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

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

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.

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 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.

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.