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Asia News - Page 61

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Billionaire Stanley Ho opens new casino in booming Macau

International News Brief: Thousands of gamblers jammed into a new casino Sunday owned by a local billionaire who's trying to fend off an invasion by Las Vegas tycoons who have been gobbling up market share in the booming Chinese territory of Macau.

Betting scandal hits cricket competition

International News Brief: World Cup corruption police have been put on red alert after another betting scandal rocked world cricket yesterday.

Adelson: Asia has room for more casinos

International News Brief: Backed by growing economic affluence, Asia has room for eight to 10 Las Vegas-style strips offering gaming and entertainment facilities, US casino tycoon Sheldon Adelson said yesterday.

LV Sands breaks ground on Singapore resort

Las Vegas Sands Corp. formally broke ground on a $3.6 billion Marina Bay Sands on Thursday on the island-nation of Singapore, but company officials said construction costs might rise.

Las Vegas Sands marks Singapore project milestone

Singapore’s Minister for National Development and senior executives of Las Vegas Sands will mark the rising of the LVS Singapore integrated resort project onsite with guests and media.

Casinos appeal to recover gambling debts

News Brief: The Malaysian Court of Appeal will hear today an application by two foreign casinos to recover the RM7.1mil gambling debts owed by former Sabah Chief Minister Datuk Seri Osu Sukam.

Malaysian billionaire grabs UK licenses

International News Brief: Hong Leong group's Tan Sri Quek Leng Chan has grabbed 25 of the 89 casino licences awarded in Britain in the past two years.

Macau partnership subject of hearing

Nevada gaming regulators have tentatively set Feb. 27 for a public hearing in Las Vegas to determine the suitability of MGM Mirage's partnership in an under-construction $1 billion hotel-casino in Macau.

Genting increases stake in Singapore project

International News Brief: Genting International plc has increased its investment in the joint venture Resorts World At Sentosa Pte Ltd.

PGMI opens new gaming center

PGMI, Inc. reports the grand opening of the newly completed Gyoda store in the Saitama Prefecture.

Virgin Group in talks over Macau casino

International News Brief: Richard Branson's Virgin Group is in talks with Australian wagering firm Tabcorp Holdings Ltd. and other firms on developing a 1.5 billion pound casino in Macau, sources familiar with the matter said Monday.

Branson eyes $3 billion Macau casino

International News Brief: Sir Richard Branson's Virgin Group is close to securing a 20-hectare site in Macau to build a $3 billion casino complex which could add to the city's rise as the world's gambling capital, a newspaper reported on Friday.

Singapore questions casino deal

nternational News Brief: Singapore's government is questioning a tie-up between Genting International, which won one of the two casino licences in the city-state, and casino mogul Stanley Ho.

Gambling beyond Nevada: Macau's gaming win swells

Asian gaming analysts said Tuesday Macau's gambling win of $6.95 billion during 2006 means the Chinese enclave as surpassed the Strip as the world's largest gaming market.

Macau annual numbers up

International News Brief: Gaming and gambling activities in Macau posted gross revenues of US$6.985 billion in 2006, a rise of 22 percent against the figures for 2005, according to the Gaming Inspection and Coordination Bureau.

Nevadan at work: From Strip to Singapore, real estate exec helps buyers find places on map

The Singapore government last year asked CB Richard Ellis Executive Vice President John Knott and his Global Gaming Group team to affix values to the two land parcels the city-state proposed as casino destinations.

Seoul casino industry grows

International News Brief: Thanks to new competition, the Seoul, South Korea, casino market has exploded.

Cambodia gambling taxes exceed expectations

International News Brief: The Cambodian Ministry of Finance and Economy in 2006 collected about $17 million in tax revenues from the gambling industry.

Chinese tourists push Macau numbers up

International News Brief: The rapid influx of tourists from China pushed gaming revenue in Macau to $6.4 billion in the first 11 months of 2006, according to Standard & Poor's.

Nepal casino industry's future uncertain

International News Brief: Nepal's casino industry, a major draw for Indian tourists, faces an uncertain future with the threat of closure hanging over two gaming centres.

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