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Asia News - Page 64

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Official: Singapore will thrive

International News Brief: Big US corporations are already operating casino destinations in Macau, and industry leaders say Singapore and China have developed a good strategy to compete.

Analysts: Macau to top Las Vegas

International News Brief: Macau has become the world's top gambling destination, analysts said Wednesday, after the latest earnings figures from the southern Chinese territory showed it had probably topped Las Vegas.

Gaming industry looks to Asia

With the fallout of the tightened gaming and gambling laws in the US now becoming clear it is with interest that the gaming industry looks further a field for new long term revenue streams with Mobile Gambling set to be a major strategy in the Asia Pac region .

Leighton puts a bet on Wynn casino job

International News Brief: Leighton Holdings is hoping to get another $US1.5 billion ($1.9 billion) casino construction deal in Macau from Las Vegas casino veteran Steve Wynn.

Macau gaming numbers up

nternational News Brief: The government of the Macao Special Administrative Region collected 14.18 billion in direct gaming taxes in the first nine months of the year, a year-on-year rise of 13.4 percent.

Architect gives Kernzer the edge

International News Brief: Analysts say reknowned architect, Frank Gehry, gives Kerzner an edge over its two rivals.

Vietnam legalizes sports betting

International News Brief: Bets on foreign soccer matches will become legal next year in betting-crazy Vietnam.

HK investors like Cambodian casino odds

International News Brief: Hong Kong investors are betting on Cambodia’s NagaCorp., which on Wednesday floated the first initial public offering for a gambling company in Hong Kong.

StarWorld poses threat to Ho's monopoly

International News Brief: Galaxy Entertainment Group Ltd. opens its StarWorld casino in Macau tomorrow, posing another threat to Stanley Ho's dominance in the city's gaming industry six weeks after Wynn Resorts Ltd. opened a $1.2 billion hotel-casino.

Singapore casino details revealed

International News Brief: CapitaLand Ltd and Kerzner International Holdings have decided to name their joint venture "Alantis Sentosa" if they are successful in their bid for a Singapore casino license.

Melco PBL signs deal with contractor

Melco PBL Entertainment has entered into a Memorandum of Understanding with The Leighton-China State-John Holland Joint Venture as the main contractor for its flagship resort in Macau.

Israel horse track betting suspended

International News Brief: Israel has opened its first licensed horse-racing track, but betting was suspended on the opening race at the Nir Yaffe Stadium.

Chinese horse race lottery planned

nternational News Brief: A pilot horse race lottery might be launched before 2008 in China with Wuhan as one of the candidate cities, according to a report by China News Service.

Genting finds lenders

International News Brief: Genting Bhd got five banks to lend close to US$1.5 billion for its proposed Singapore casino project, according to Bloomberg.

Gus Hansen at Betfair Asian Poker event

One of the world’s best poker players, Gus Hansen, will challenge for the Betfair Asian Poker Tour’s inaugural event in Singapore.

PBL shares dip

International News Brief: Publishing & Broadcasting Ltd. shares fell yesterday on the news it has joined a consortium bidding for the second Singapore casino.

Inside gaming column: Wall Street expects big things in Macau

A selection of news and views from inside the industry this week.

Harrah's passes on Singapore bidding

Harrah's Entertainment officially ended its 20-month-long quest to build a casino in the city-state of Singapore, announcing Friday that it would not submit a bid proposal for a site at Sentosa Island.

Three bids expected for second Singapore license

International News Brief: Three consortiums are expected to bid formally on Oct 10 to build and run Singapore's second casino project, a day after giving their proposals to authorities.

Agreement with Eighth Wonder restructured

Isle of Capri Casinos, Inc. reports a revised agreement in connection with resort developer Eighth Wonder's proposal to build an integrated resort complex on Sentosa Island in Singapore.

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