Asia News - Page 67

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.

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.

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

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.

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

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.

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.

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.

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.

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

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

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.

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.

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.

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

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.

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.

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

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 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.