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Asia News - Page 74

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Banks Optimistic About Asian Casino Boom

nternational News Brief: Michael Malone, the head of Bank of America's gambling finance unit, first visited Macao on a Wednesday afternoon in April as horizontal rain pelted the city.

Singapore Officials: No Changes to Casino Requirements

International News Brief: Singapore officials rejected suggestions that it had imposed new requirements on parties vying to build and operate the city-state's first casino resort, saying the terms haven't changed since the launch of tenders in November last year.

Singapore Casino Control Bill Introduced

International News Brief: Deputy Prime Minister and Home Affairs Minister Wong Kan Seng introduced the Casino Control Bill on Monday.

Singapore Casino Battle Still Intense

International News Brief: Three Las Vegas giants and a Malaysian gaming firm are left in a high-stakes battle to build Singapore’s first casino after rivals from Australia, South Africa, the Bahamas and Hong Kong pulled out.

City Developments Withdraws Singapore Bid

International News Brief: City Developments Ltd., Southeast Asia's second-largest property group, said on Monday it has withdrawn from a joint bid with Las Vegas Sands Corp. to build Singapore's first casino resort.

Macao Illegal Casino Busted

International News Brief: Chinese authorities plan to charge 11 suspects allegedly to be involved in the operation of a clandestine casino in Macau.

Macau Encounters Labor Crunch

International News Brief: Macau is facing a labor shortage due to the booming casino industry.

Hotline to Assist Problem Gamblers Launches

International News Brief: The Thye Kwan Moral Society's new hotline will provide information and assistance to both Singapore gamblers and their families.

Macau ... is the New Las Vegas

International News Brief: It's flashy, rich and decked with neon, and only the lack of Elvis impersonators gives away the fact it isn't the real thing.

Casino Rejected for Malaysian Resort

International News Brief: Penang state is sticking by its original plan to develop Pulau Jerejak as an eco-tourism destination and with no casino in mind.

MGM Grand Macau Reports Project Enhancements

MGM Grand Macau, a hotel-casino resort currently under construction in Macau S.A.R., today announced significant enhancements to the project and that it has secured $700 million in project financing from a consortium of leading financial institutions.

Overseas Gambling Popular Amongst Chinese

International News Brief: Overseas gambling has surged among rich entrepreneurs in East China, according to sources.

Vietnam May Allow Soccer Betting

International News Brief: Vietnam is considering whether to set up a football book that would take legal bets.

More South Koreans Seeking Voluntary Casino Ban

International News Brief: A growing number of South Korea’s gambling addicts have asked a local casino to deny them entry to the casino in a desperate bid to return to their normal daily lives.

Report: Asian Casino Revenues to Increase

International News Brief: Casino revenues in Asia will increase 20 per cent to $13 billion in 2006, driven by the strong growth of Macau's gaming industry, according to a report by Las Vegas-based consultant Globalysis.

Macau's Grand Emperor Resort Opens

Emperor Entertainment Hotel Limited reports that its flagship project, the Grand Emperor Hotel in Macau, has commenced business.

Singapore Casino Bidders in Final Countdown

International News Brief: A shrinking pool of potential bidders in the race to build Singapore's first casino raises questions about the lasting business allure of a massive resort costing about US$3 billion.

PBL Pulls Out of Singapore Race

International News Brief: Publishing & Broadcasting Ltd has pulled out of the race to build a multibillion-dollar casino in Singapore, the first big corporate move by James Packer since the death of his father Kerry last week.

Columnist Jeff Simpson: Gaming Industry Hit Some New Highs, But Natural Disasters Caused Real Lows

The past year has been a great one for the Las Vegas market, and 2006 looks to be strong as well.

South Korean Arcades Exploit Gambling Law Loopholes

International News Brief: According to the Ministry of Culture and Tourism, 13,000 adult arcades, betting rooms equipped with simulated horse racing games or slot machines and offe

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