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Asia News - Page 60

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Macau success lifts Wynn Resorts' quarter

Although quarterly earnings for Wynn Resorts Ltd. reversed a year-earlier loss, company Chairman Steve Wynn lectured investors Monday on how Las Vegas history might be used to carefully judge the growth of gambling in Macau.

Las Vegas Sands dismisses competitor

International News Brief: As James Packer prepares to showcase his $760 million Crown Macau casino, his biggest rival, Las Vegas Sands, has dismissed the threat of competition.

Lottery deal gives IGT foothold with Chinese

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, IGT sign deal

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 continues tradeshow momentum

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.

MGM Mirage could be pushed to leave AC

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.

Inside gaming column: In Macau plot twist, Wynn shuts Tryst

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

Venetian Macao hosts football match

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.

Taiwanese gambling website busted

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

Sun Innovation looks at Macau

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

Chinese gamblers surge Macau

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

Macau exec bets on staying on top

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.

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.

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