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Asia News - Page 71

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Macau Gambling Numbers Up

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.

Singapore Minister Responds to Opposition Campaign

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

Hong Kong Jockey Club Bets on Hedge Funds

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 Signs Key Contract with Galaxy's Starworld Casino

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 Opens New Location

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

More Chinese Tourists Expected

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

Singapore Winning Bid Named Mid-2006

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.

Crown Macau Opening Delayed

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.

Hong Kong Betting Duty Reforms Approved

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.

Chinese Police Crackdown on Soccer 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.

Las Vegas Sands May Sell Shares

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.

Wynn Sells Macau Casino Rights to Australia's PBL for $900 Million

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.

Universal Joins Genting's Singapore Bid

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.

Vietnamese Company Plans Stock Offering

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.

Billions Urged for Casinos in Singapore

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.

Genting Bids to Build Singapore Casino

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.

Macao Trio Rank Among World 13 "Hottest Casinos"

International News Brief: Three of Macao's 19 casinos are ranked among 13 'hottest casinos' by the famed business magazine Forbes, local media reported Monday.

Report: MGM Mirage, CapitaLand Lead Singapore Race

International News Brief: The consortium of MGM Mirage and CapitaLand Ltd. is leading the race to develop a casino in Singapore's downtown Marina Bay, DBS-Vickers Securities said in a recent report.

Second Singapore License Bidding to Open Soon

International News Brief: Bidding for Singapore's second casino project on Sentosa island will open on April 28 and close on October 10, the Singapore Tourism Board said.

Dynasty Gaming Provide Update

Dynasty Gaming Inc. provides supplemental information relating to its announcement yesterday regarding a Letter of Intent with the Ho Group.

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