Asia News - Page 60

International News Brief: A newly formed company has obtained the endorsement of the Department of Tourism to invest P25 billion for the development of a tourism and gaming complex at a reclaimed portion of Manila Bay in Parañaque City.

Wynn Resorts Ltd. said Thursday it was delaying a portion of its expansion plans in Macau because of recent travel restrictions by the Chinese government and the scheduled openings of two large competitors later this year.

Kunihiro Sakamoto bested a field of more than 2,000 players in the inaugural All-Japan Poker Championship presented by SEGA SAMMY Group, an official satellite of the World Series of Poker.

International News Brief: Prime Minister Nguyen Tan Dung has ordered a tighter management of electronic gaming centres and casinos that have been designated only for foreigners and Overseas Vietnamese.

A Marriott-branded hotel will be part of the monumental Macao Studio City with entertainment, retail, gaming and studios complex taking shape in Macao, China.

International News Brief: Genting International gained full control of a $3.4 billion casino project here after shareholders yesterday approved plans to buy a 25 per cent stake of sister firm Star Cruises.

Gaming Partners International Corporation reports that it has received an order for approximately 1.6 million B&G chips from Las Vegas Sands for its Venetian Macau Resort Hotel.

Melco PBL Gaming has signed its services agreement with New Cotai Entertainment Limited to operate the casino portions of the Macau Studio City project that is targeted to open on the Cotai Strip during 2009.

Gaming Partners International Corporation has completed and delivered an order from Crown Macau Casino.

The Venetian Macao Resort Hotel announced it will play host to a historic match between two of the greatest tennis players of all time.

A series of online and live qualification events, the Everest Poker Japan Cup gives players the opportunity to compete live for a prize package worth $20,000.

LodgeNet Entertainment Corporation has been selected by Las Vegas Sands Corp. as its in-room media and guest experience provider for LVS's flagship Macao property, The Venetian Macao-Resort-Hotel.

News Brief: Colorado businesses could help shape the development of a $10 million casino and resort project in Vietnam, one of a number of countries in Asia looking to expand their gambling operations.

Global Gaming Expo Asia will bring a conference program filled with world-class educational content and the unique opportunity to hear directly from industry leaders about the trends and issues affecting the industry in Asia and around the world.

Melco PBL Entertainment has confirmed that the Grand Opening of Crown Macau will take place as scheduled on May 12, 2007.

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.

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.

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.