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Asia News - Page 68

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Lotteries, Casinos Booming in South Korea

nternational News Brief: In what is seen as a harbinger of change in the pecking order in the South Korea’s legal gambling industry, lotteries and casinos are booming in contrast to a decline in the traditional industry’s mainstay of horse and bicycle racing.

Staff Cracks Down on Hong Kong Inmates' Gambling

International News Brief: Hong Kong Correctional Services staff will increase surprise searches, night raids and joint searching operations in penal institutions during the World Cup to stem soccer gambling activities.

Over 500 Arrests in Thailand Raids

nternational News Brief: More than 500 people have been arrested in Bangkok for illegal gambling on football since the World Cup kicked off early this month, police said.

Malaysian Company Buys Vietnamese Casino

International News Brief: Rick Lee, a Malaysian company, had bought the Jockey Club Saigon from the Korean owner.

Las Vegas Sands: Retail Leasing Momentum Continues

Las Vegas Sands Corp. has now reached commercial terms with 200 premium retailers, who combined will bring 250 branded stores to the company's malls on the Cotai Strip in Macao.

Pagcor Sticks with Decision

International News Brief: The Philippine Amusement and Gaming Corp. is standing firm on its decision to close down the Legenda Hotel Casino at the Subic Bay Freeport Zone.

Hong Kong Gripped by World Cup betting

International News Brief: Hong Kong may not have a team at the World Cup but that has not stopped interest reaching stratospheric proportions because of the craze for soccer betting.

Subic Casino Owner Warns Against Closure

International News Brief: Legends International Resorts Ltd. yesterday warned the closure of its local operations, Legenda Hotel Casino in Subic, by state-run Philippine Amusement and Gaming Corp. will affect future foreign investments in the country.

Macau Gambling Taxes Up

nternational News Brief: The government of the Macau Special Administrative Region has collected 7.7 billion patacas in direct gaming taxes in the first five months, a year-on-year rise of 17.4 percent.

VendingData Receives South Korean Order

VendingData Corporation has received a purchase order for ten Deck Checkers to be installed in the Kangwon Land Casino in Kangwon Province, Korea and the Seven Luck Casino in Seoul.

IEST Enters Asian Market

International News Brief: After being granted the government license to operate the first Philippine-based online sports betting exchange, Interactive Entertainment Solutions Technologies is set to make a splash in the Asian market.

Hong Kongers Bet on Brazil

International News Brief: Eighty two percent of people surveyed in the city of 6.8 million said they thought that Brazil would make the final of the World Cup tournament and 63 percent said the South American football giant would win it.

Japan Seen as Gaming Prospect

Japan could be the gaming industry's next frontier now that many development opportunities around the world are spoken for, a recent Deutsche Bank study found.

Macau on Its Way to Major Exhibition City

The Asian Gaming Expo is the largest casino gaming equipment trade exhibition in the Asian region.

Philippines Regulator Accepts eCOGRA Standards

The Philippines-based Asian e-gaming regulator, Cagayan Economic Zone Authority is the latest independent online gambling body to accept the global integrity and operational standards of eCOGRA.

Fairmont Raffles Holdings LV Sands Enter Agreement

Las Vegas Sands Corp. and Fairmont Raffles Holdings have entered into a non-binding term sheet and expect to enter into binding definitive agreements before the end of Q3 2006.

Thai Bookies Move to Burma

nternational News Brief: Thai bookmakers taking bets on World Cup matches have migrated across the border to neighbouring Burma to avoid arrested for illegal gambling, news reports say.

Boom Time for Macau

International News Brief: The booms and waves of change in Macau’s 120-year-old gaming industry have never this strong before as the city rises to becoming the world’s largest resort city.

Sun International Won't Bid for Singapore License

International News Brief: South African casino operator Sun International says it would not submit a bid for the second of Singapore's two planned casino resorts, narrowing the n

K. Wah, Harrah's in Talks

International News Brief: K.Wah International is talking with investors including Harrah's Entertainment Inc. about selling some or all of a stake in Macau casino operator Galaxy Entertainment, a senior executive said.

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