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Asia News - Page 61

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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.

Looking in on: Gaming

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

Group to carry on fight

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.

Star Cruises withdraws from Singapore venture

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.

Macau casino ferries added

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 reports Macau update

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.

Nevada board approves MGM Mirage Macau venture

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.

Singapore resort can proceed

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

Minor wins slot jackpot

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.

Looking in on: Gaming

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?

Tabcorp out of Macau talks

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.

Gambling beyond Nevada: Company expanding in Macau

MGM Mirage, which is still awaiting regulatory approval of its Chinese business partner, announced Tuesday it was proceeding with plans for a second casino in Macau under its joint venture agreement.

Foreigners continue battle over Nepal casinos

International News Brief: The competition between Nepal's 'casino king' American Richard D. Tuttle and his former friend and protege Indian businessman Rakesh Wadhwa continues with a new battle breaking out.

LV Sands exec: Macau revenue to double by 2010

International News Brief: Chinese gambling revenue in Macau has topped that of the Las Vegas Strip and will more than double again by 2010, the president and chief operating officer of Las Vegas Sands Corp. predicted on Monday.

MGM Grand Paradise plans second Macau project

MGM Grand Paradise, a 50/50 joint venture between MGM Mirage and Pansy Ho Chiu-king, has been engaged in discussions with the Government of Macau S.A.R. concerning the development of its second major resort project in Macau.

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.

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