Asia News - Page 66

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

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.

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.

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 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.

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.

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.

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.

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

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

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

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.

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.

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.

Harrah's Entertainment, Inc. and Keppel Land) today issued a statement regarding the companies' decision not to submit a bid proposal for the Singapore Tourism Board Sentosa Island integrated resort project.

The first casualty stemming from this week's massive buyout offer for Harrah's Entertainment may be the company's proposal to build a casino in Singapore.

International News Brief: Harrah's Entertainment Inc. said on Wednesday it was reviewing its bid for Singapore's second casino resort after it received a $15 billion buyout offer in the United States.

International News Brief: Dreamgate Corp Bhd, which now distributes and assembles gaming machines, wants to manufacture its own slot machines in three to five years and will continue to focus on Asian markets.

Wynn Macau has had an amazing amount of gambling action in its first few weeks of operation, with the amount of high-end play surprising even developer Steve Wynn.

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