Asia News - Page 60

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.

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 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.

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.

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.

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.

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.

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.

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

Ten to 20 percent profits at Las Vegas casinos have nothing on Macau, where Las Vegas Sands has come to expect 100 percent returns.

An upstate New York-based citizens coalition plans to continue its opposition to MGM Mirage's joint Macau casino venture with Chinese businesswoman Pansy Ho.

International News Brief: Genting International said sister firm Star Cruises would withdraw from a $3.4 billion Singapore casino venture, leaving the gaming company in full control.

nternational News Brief: Ten ferries are to be added to the Macau-Hong Kong route as more casino projects are under construction in Macau.

Las Vegas Sands Corp., Starwood Hotels & Resorts Worldwide, Inc. and Shangri La Hotels and Resorts today celebrated the progress being made on the Cotai Strip in the People's Republic of China Special Administrative Region of Macau.

News Brief: Nevada's Gaming Control Board voted unanimously on Tuesday to recommend approval of MGM Mirage Inc's casino joint venture in Macau, a key ruling for MGM's expansion plans in the booming gambling haven.

International News Brief: Genting International and Star Cruises will be able to proceed with the development of the integrated resort at Sentosa.

International News Brief: A legal storm has begun concerning a 16-year-old girl who has won £51,000 slot jackpot in Macau, according to local media.

You've just won a slot jackpot worth millions. Do you go for your 15 minutes of fame or anonymously slink off with your winnings? Is that even possible?

International News Brief: Australian wagering firm Tabcorp Holdings was no longer in talks with Richard Branson's Virgin Group on plans to develop a $3 billion casino in Macau, sources familiar with the situation said Monday.