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Asia News - Page 59

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China's border casinos shut down

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.

Japan may open doors to casinos

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.

Vietnamese casino construction begins

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.

Genting gets Singapore approval

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.

Investors eyeing Vietnam

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 signs U.A.E. deal

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.

Macao surpasses Las Vegas

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 signs China deal

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.

Melco PBL plays down fears

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.

Global Gaming Expo Asia sold out

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

The Venetian Macao to host to NBA China Games 2007

Las Vegas Sands Corp., the National Basketball Association and the Chinese Basketball Association reports that The Venetian Macao will serve as the host of the first NBA event to be played in Macao.

Genting to buy Star Cruise's stake in project

International News Brief: Genting International said on late on March 27 it would buy sister firm Star Cruises's 25% stake in their joint Singapore casino project for S$255 million.

Nevada commission finds MGM Mirage venture suitable

Nevada gaming commissioners said they had questions and concerns going into Friday's suitability hearing on the relationship between MGM Mirage and its Chinese business partner in a $1.1 billion casino under construction in Macau.

Taiwan considers lifting casino ban

International News Brief: Officials are studying the possibility of ending the ban on casinos to boost the tourism industry, a Council for Economic Planning and Development spokeswoman said yesterday.

Wynn Resorts eyes Philippines

nternational News Brief: Wynn Resorts said it is pursuing investment opportunities in the Philippines, one of which is a hotel casino similar to its Macau facility.

Looking in on: Gaming

While regulators hope Las Vegas-based casino operators will help flush out corrupt influences in the Chinese gambling enclave of Macau, they're not holding their breath.

Shun Tak name used in scam

It has come to the attention of Shun Tak Holdings Limited than third parties are using the Shun Tak name as part of a scam.

Packer's Macau costs skyrocket

International News Brief: Costs at James Packer's Macau casino business have blown out by another $90 million over the past three months as the joint venture between PBL and Melco battles delays on the construction of the Crown Macau.

Singapore casinos need to clear hurdles

International News Brief: The Home Affairs Ministry reiterates that casino operators in Singapore's two integrated resorts will have to clear suitability checks.

Melco PBL reports Macau project update

Melco PBL Entertainment reports its Crown Macau Hotel Casino is targeted to complete construction and open on a trial basis on April 28, 2007.

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