Asia News - Page 62

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

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

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.

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.

International News Brief: Property developers have launched a new resort project in Macau combining gaming, hotels, shopping and film-production studios.

The Chinese government has now established a Project Coordination Committee specifically related to Las Vegas Sands proposed development of The Venetian Hengqin International Convention and Resort Project in Zhuhai.

International News Brief: A New Delhi chartered accountant who became known as Nepal’s casino king after establishing a network of seven casinos here has been given marching orders after incurring the displeasure of the royal family, a report said.

nternational News Brief: The South Korean Cabinet approved new measures making it mandatory for casino owners to report any suspicious money-laundering activities to the government.

PacificNet Games has signed an exclusive distribution agreement with Euro Games Technology for all EGT's gaming products in Macau and elsewhere in Asia.

The Casino City Editorial staff announces their 2006 Gaming Stories of the Year.

No, the editorial staff didn't select "You" as the Casino City Person of the Year, but our selection may be just as controversial.

International News Brief: Gross gaming revenues could exceed 50 billion patacas (US$6.25 billion), says Macau's Secretary of State for Economy and Finance.

Playtech has agreed to a landmark five year software licensing agreement with China's leading gaming group: Sino Strategic International.

nternational News Brief: Melco PBL Entertainment, a developer of casinos and resorts in Macau, yesterday priced its initial public offering on the Nasdaq Global Market at US$19 per share, more than expected due to strong demand.

PacificNet Games Limited has received orders from two more casinos in Macau, China for multi-player Electronic Gaming Machines.

International News Brief: Casino magnate Sheldon Adelson and his physician wife Miriam have announced that they will pay for 2,000 young Jewish adults to take part in the Taglit-birthright Israel program.

News Brief: Malaysian gambling and leisure group Genting Bhd. has won the licence to build and run Singapore's second casino resort, the city-state said on Friday.

nternational News Brief: Israeli online casino magnate, Avi Shaked, has offered $1 billion dollars to Palestinian Prime Minister Ismail Haniye if he reaches a peace agreement with his Israeli counterpart.

VendingData Corporation has received an initial order from Elixir Group Macau for approximately 800,000 Dolphin high frequency casino chips for the Crown Macau Casino.

International News Brief: Genting Bhd is confident of winning Singapore's second casino licence and expects an announcement on the winning bid this week, said president, chairman and chief executive Tan Sri Lim Kok Thay.