Asia News - Page 59

International Game Technology, the Reno-based slot giant, on Wednesday announced an alliance with China LotSynergy Holdings Ltd. that will let it gain a foothold in the China lottery market.

China LotSynergy Holdings Limited and International Game Technology have entered into a strategic alliance through a Subscription Agreement and a Technical Cooperation Agreement on May 1, 2007.

The Venetian Macao Resort Hotel continues to book Meeting, Incentive, Convention and Exhibition business at a strong pace and has inked several prominent tradeshows over the past few weeks.

ews Brief: An investigation by New Jersey regulators into MGM Mirage's business dealings in Macau could result in the gambling behemoth's exit from Atlantic City, an analyst said yesterday.

A selection of news and views from inside the industry this week.

The Venetian Macao will serve as the title sponsor of The Venetian Macao Cup, a football match pitting English Premier League powerhouse Manchester United against the Chinese Super League's Shenzhen Football Club.

International News Brief: Prosecutors and police yesterday uncovered Taiwan's biggest-ever online gambling website.

Sun Innovation Holdings Ltd. Reports that intends to focus on entertainment related property development projects in Macau.

International News Brief: Chinese consumers and gaming liberalization have made Macau one of the fastest-growing economies globally.

International News Brief: Macau's position as the No1 casino destination will not be threatened by Singapore or other parts of Asia, an executive from tycoon Stanley Ho Hung-sun's firm.

nternational News Brief: More than 100 casinos along China's borders have been forced to close thanks to a major crackdown on their operations, Chinese state media says.

nternational News Brief: The world's top casino operators are jockeying for a stake in a vast but untapped market as Japan moves closer to an overhaul of its strict gambling laws to lure rich Asian tourists and boost its economy.

International News Brief: Work has recently begun on Vietnam Casino City, Vietnam's first luxury gaming resort, featuring five Vegas themed casinos in southern Vung Tau resort city.

International News Brief: The Singapore government on April 16 gave gambling firm Genting International Plc the go-ahead to build a casino, following extended probity checks after the group announced links with Macau tycoon Stanley Ho.

International News Brief: “Foreign investors are vying to build Macau-style luxury gambling and hotel complexes in a beachside resort area close to Vietnam's buzzing southern commercial hub of Ho Chi Minh City.

MGM Mirage has signed a definitive agreement with Mubadala Development Company, an investment and development vehicle established and wholly owned by the Government of the Emirate of Abu Dhabi, U.A.E.

International News Brief: Macao says it has overtaken the Las Vegas Strip as the world's biggest casino draw, raking in more than $7 billion in 2006.

MGM Mirage has signed a definitive agreement with the Diaoyutai State Guesthouse in Beijing, People's Republic of China aimed at creating a strategic relationship to pursue non-gaming business opportunities.

International News Brief: Publishing & Broadcasting Ltd's Asian casino joint venture has played down fears the construction of its $2.1 billion City of Dreams complex in Macao has got off to a rocky start, after reporting a $73.5 million full-year loss.

The organizers of Global Gaming Expo Asia report a sold-out show floor and an 80 percent increase in exhibitor participation.