Asia News - Page 62

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.

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.

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.

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, 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.

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.