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Asia News - Page 75

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Inside Gaming: Casinos Follow Flow of Money to Asia

A selection of news and views from inside the industry this week.

Taubman, Gordon Join Harrah's Singapore Team

Harrah's Entertainment and Keppel Land report the signing of a memorandum of understanding with Taubman Asia, Ltd and Gordon Group Holdings to create a retail joint venture for the integrated resort at Marina Bay, Singapore.

Korea's Largest Casino Opens

International News Brief: High rollers and cautious gamblers alike can now try their luck at the South Korea's biggest foreigners-only casino which opened last weekend in Seoul.

Genting Optimistic About Singapore Bid

International News Brief: Malaysia's Genting International, one of the four bidders still in the running to build Singapore's integrated resort in Marina Bay, has dismissed sceptic

Sands Macao Opens New Gaming Area

Las Vegas Sands reports that the Sands Macao, the first western-operated casino in Asia, has opened the stunning new "Level of Fortune" gaming area located on the second floor of

Israeli Poker Tournament Begins in February

International News Brief: The Israel Poker Association's Pokerface 2006 tournament commences February 7 at the Tel Aviv Fairgrounds.

Casinos Open Arms for Asians with Open Wallets

Many Las Vegas Strip properties have decorated their lobbies and casinos with orange trees, red lanterns, gold coins and other Chinese symbols of luck and prosperity.

New Seoul Casino Opens

International News Brief: Seoul will gain a spacious new casino for foreigners tomorrow when the Grand Korea Corporation opens the first of three gambling halls planned for opening this year.

Another Roll of the Dice

International News Brief: The legalization of gambling and the opening of casinos on one or more of the nation's outlying islands would be financially beneficial for Taiwan in term

Shun Tak Moves Project to Cotai

International News Brief: Shun Tak Holdings Ltd., a Hong Kong-based conglomerate controlled by Macau casino owner Stanley Ho, said it will move its planned Cotai development project in Macau to the Cotai strip.

LV Sands Won't Seek Singapore Project Partner

International News Brief: Las Vegas Sands Corp., which is bidding to build Singapore's first casino, said it would not look for a local equity investor after its partner pulled out of the race this week.

Philippine Police Officials Fired for Allowing Gambling

International News Brief: Philippine National Police Chief Director General Arturo Lomibao relieved yesteday the Nueva Vizcaya provincial police chief and the chief of the Solano town police for their failure to stop jueteng in their jurisdiction.

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.

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