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Asia News - Page 63

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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.

Macau developers launch new project

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

Las Vegas Sands' Hengqin Island plan update

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.

Nepal's casino king told to leave

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.

South Korea approves new casino measures

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, Euro Games sign deal

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

Casino City Gaming Stories of the Year

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

Casino City's Person 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.

Macau's casino revenues over US$6.25 billion in 2006

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 signs deal with Chinese group

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

Demand for Melco PBL IPO strong

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 receives more Macau orders

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

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