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Asia News - Page 67

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Chips Down as Ho Feels Foreign Influx

International News Brief: In frank comments widely quoted in Hong Kong this week, Mr Ho grumbled about the pressure he was feeling from Sheldon Adelson's Macau Sands.

Analyst: Local Macau Casinos to Benefit from Growth

International News Brief: Local casinos like Galaxy Entertainment Group Ltd. will be the biggest beneficiaries of growth in Macau's high-roller market despite competition from U.S. operators, a CIMB analyst said Tuesday.

Bollywood Star Inaugurates Nepal's Newest Casino

International News Brief: Bollywood star Urmila Matondkar inaugurated the Casino Shangrila, the newest addition of gaming facility in Kathmandu, Nepal.

Down But Not Out, Lebanon Casino and Cabarets Battle On

International News Brief: The show must go on has long been the motto of the Casino du Liban nestled on a hill on the tip of the Bay of Junieh, Lebanon.

Jeff Simpson Says It Would Be A Mistake To Ignore Wynn Resorts As A Player In Japan

A lot has been written recently about the potential of Japanese casinos if that government moves to loosen laws that prohibit them.

Macau Expected to Lead by 2007

International News Brief: Macau will leap-frog the world famous Las Vegas Strip as the world's strongest casino market this year, analysts said, predicting its gaming halls will generate 8 billion dollars by 2007.

Wynn Fine-Tuning Details at 600-Room Macau Resort

International News Brief: Steve Wynn has started dress rehearsals for his $1.2 billion Wynn Macau, the second smallest hotel-casino ever built by the Las Vegas developer.

Harrah's, Asian Firm Bid on Casino

News Brief: Harrah's Entertainment and Singapore property firm Keppel Land Ltd. announced Monday that they would submit a joint bid for Singapore's second casino license.

Jeff Simpson Talks to Steve Wynn and Jack Binion About Their Macau Relationship

The Las Vegas casino business threw a couple of curveballs last week. The biggest shocker was Steve Wynn's announcement that he had hired Jack Binion to run Wynn Resorts' international operations.

Wynn Optimistic About Macau Casino

Steve Wynn has started dress rehearsals for his $1.2 billion Wynn Macau, the smallest hotel-casino ever built by the Las Vegas developer.

South Korea Targets Illegal Gambling

nternational News Brief: The National Tax Service yesterday began tax audits on 54 gaming arcades and internet cafes suspected of running illegal gambling.

Japan Eyes Bet on Las Vegas Lure

International News Brief: Japan's ruling party is holding talks with global gaming companies including Las Vegas Sands Corp and Harrah's Entertainment Inc to operate the nation's first casinos after 2010.

Keppel Still in Race for Sentosa Casino

nternational News Brief: Keppel Land Ltd. said it's still in the race to build a casino-resort on Singapore's Sentosa island, contrary to local media reports.

Las Vegas Sands Spends Billions on Macau Project

International News Brief: Las Vegas Sands is planning to invest more than $8 billion in its casino, leisure and convention facilities in Macau and a neighbouring island over the next six years.

Inside Gaming Column: Fuel, Transit Troubles Foreseen in Las Vegas's Future

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

Online Gambling Overshadows Chinese Lottery

International News Brief: Chinese lottery experts estimated about 700 billion yuan was involved in gambling activities, such as online betting and illegal lotteries, last year, suggesting gambling is increasingly becoming a serious issue.

Macau Casino Bets on Japanese Customers

International News Brief: The massive Venetian Macao casino resort is set to open in 2007, and there are hopes that this mega resort, which will feature one of the biggest convention centers in Asia, will lure Japanese who are doing business in China.

Kerzner Submits Singapore Bid

International News Brief: Kerzner International Ltd, one of four bidders for Singapore's second casino-resort, plans to submit a proposal with an investment in excess of US$1.5 b

Singapore Casino Construction to Begin Soon

International News Brief: Las Vegas Sands Corp is in talks with the Singapore government to refine the project's design and expects to start construction by the end of the year,

Kenilworth Broadcasts Approved by PAGCOR

Kenilworth Systems Corporation has been granted final approval to commence real time, live in-progress casino table game broadcasts by the Board of Directors of the Philippines Amusement and Gaming Corporation.

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