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Asia News - Page 72

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Mobile Gambling Touted as Next Big Thing

International News Brief: Mobile gambling is touted as one of the big revenue drivers for mobile data services in the next five years.

Singapore to Launch Second Casino Tender

International News Brief: Singapore will launch Friday the tender for its second casino resort, and will announce details such as the price for the 35.6 hectare site on Sentosa island and the criteria that will be used to select the winning bidder.

Macau Casinos Gross Receipts Up

International News Brief: The gross receipts of Macau's 19 casinos reached 46.1 billion patacas in 2005, up 8.2 percent over the previous year, according to official statistics issued Thursday.

Casino Resort Part of Mongolia Project

A casino resort, along with other entertainment and commercial enterprises are planned for the Zamiin Uud Free Economic Zone project in Mongolia.

Kenilworth Receives PAGCOR Letter of Intent

Kenilworth has received a "Letter of Intent" from the Philippines Amusement and Gaming Corporation to implement the Roulabette Project.

SJM Results Down

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.

Japanese Court Hears How Online Gambling, Underworld Site Snared Student

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.

Silver Point Capital, Friedman Team Up for Macau Resort

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.

Sun International Unsure About Singapore

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.

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.

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