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Asia News - Page 64

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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.

Adelson funds Israel birthright program

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.

Genting wins second Singapore license

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.

Online casino exec offers $1 billion for peace

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 receives Macau order

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.

Genting confident in Singapore Bid

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.

South Korean scandal grows

International News Brief: Prosecutors are questioning two former officials from the Ministry of Culture and Tourism over suspicions that they took bribes from a company issuing state-licensed vouchers used for payouts at video game arcades.

Holiday Inn Macau chooses PacificNet Games

PacificNet Games Limited has been selected by Holiday Inn Macau Casino to provide multi-player electronic gaming machines.

Jeff Simpson talks to an upbeat Steve Wynn about good times for his resort properties

Steve Wynn was feeling very good about Wynn Resorts when Jeff Simpson met with him last week at Wynn Las Vegas.

Packer a longshot for Singapore bid

International News Brief: James Packer's Publishing and Broadcasting Ltd is facing an uphill battle to win the right to Singapore's second casino.

Kerzner reveals funding plans

International News Brief: Kerzner International Ltd, one of three bidders for Singapore's second casino-resort, said it would fund the US$3.4 billion proposal through debt and equity if it wins the concession.

Packer casino adds Pele to team

International News Brief: James Packer's $4.7 billion Singapore casino bid is offering to set up a soccer school run by football star Pele, and to create a reef designed by the grandson of Jacques Cousteau.

South Korea bans video game arcades

International News Brief: Minister of Culture and Tourism Kim Myung-gon Friday said that the government will ban video game arcades from using gift certificates for payouts in April next year as part of the efforts to eradicate illegal gambling.

Officials named in South Korean gambling scandal

International News Brief: The South Korea’s Board of Audit and Inspection has forwarded to the prosecution a list of 36 people, including former and incumbent government officials, who it said are involved in the video arcade gambling machine scandal.

Thai official wants lottery law delayed

International News Brief: National Legislative Assembly member Chamlong Srimuang handed a letter to Prime Minister Surayud Chulanont this afternoon, asking him to slow down the process to make two- and three-digit lottery operations lawful.

Hong Kong casino plan rejected

International News Brief: The local government has refused to consider building a casino anywhere in Hong Kong, siding with majorities in both the functional and geographical constituencies in the Legislative Council.

Thai online baccarat den busted

International News Brief: The Bangkok police raided a TV production house opposite the Crime Suppression Police headquarters, which doubled as a gambling den for internet baccarat players.

4 ex-Yamato workers held over gambling

International News Brief: Four former employees of an affiliate of Yamato Transport Co., a major delivery company, have been arrested on suspicion of gambling on professional baseball games at their offices, police said.

Indonesian official dismisses legalized gambling idea

International News Brief: Governor Sutiyoso has dismissed the idea of legalizing gambling in Kepulauan Seribu regency, a concept rekindled from the 1960s administration of former governor Ali Sadikin, which is currently being floated at the City Council.

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