Asia News - Page 71

International News Brief: Sociedade de Jogos de Macau saw its gaming revenue decline by 2.3 percent last year in the face of new competition.

International News Brief: The trial of a university student accused of fraud after he tried to sell cell phones under a false name to counter online gambling debts opened in the Sapporo District Court on Tuesday.

International News Brief: Silver Point Capital and David Friedman are teaming up to invest in a $2.6 billion resort and gaming complex in Macau, challenging international casino operators in one of the world's biggest gaming markets.

International News Brief: South African casino operator Sun International, which was invited last year to bid for Singapore's two casino projects, has not yet decided whether to participate.

International News Brief: The gross receipts of Macau's 19 casinos saw a year-on-year rise of 16.5 percent in the first quarter, The Gaming Inspection and Coordination Bureau announced Thursday.

International News Brief: Trade and Industry Minister Lim Hng Khiang said the opposition might raise the casino issue during the upcoming General Election.

International News Brief: The Hong Kong Jockey Club, the Chinese territory's only legal gambling forum, is raising its bets on hedge funds.

Progressive Gaming International Corporation has signed a key systems contract with Galaxy Casinos to install CasinoLink Enterprise Edition and its Table Management System at Galaxy's Starworld property in Macau.

PGMI, Inc.’s 2006 expansion plans are being implemented with the scheduled opening of a new location in July.

Slowly, and certainly not silently, a Chinese invasion looms before the U.S. travel industry.

International News Brief: The Singapore Tourism Board Tuesday reiterated it will name the winning bidder for the Marina Bay casino resort in mid-2006, indicating an earlier announcement may not be forthcoming as hoped by some investors.

International News Brief: James Packer's Asian gaming joint venture has decided to delay the opening of its $300 million Crown Macau casino project by about six months to next April.

International News Brief: The Executive Council of Hong Kong has approved proposals to reform horse race betting's duty system in an effort to combat illegal gambling.

International News Brief: Chinese police will join sports authorities in a nationwide fight against soccer gambling which has beleaguered the country's professional league.

International News Brief: Las Vegas Sands Corp. may raise as much as $1.44 billion in a share sale or up to $3.24 billion in debt if it wins the rights for Singapore's first casino.

International News Brief: Casino operator Wynn Resorts says it has agreed to sell the right to build a casino in Macau to Australian entertainment group Publishing and Broadcasting Limited for 900 million dollars.

International News Brief: Genting International has roped in theme park giant Universal Studios for its bid to build Singapore's first casino, the company inadvertently revealed at a press briefing on Wednesday.

International News Brief: The Hoang Gia International joint-stock company, a casino and hotel developer, is going to raise $20 million for expansion at its initial public offering next month.

Singapore's first casino could become one of the most expensive gaming projects ever constructed, based on statements released by two companies competing to build a resort complex on a 50-acre waterfront location near the financial district.

News Brief: The four groups in the running to build Singapore's first casino resort submitted formal bids on Wednesday, with Malaysia's Genting International making the first submission.