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Asia News - Page 76

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Macau Casino Lending Pushed to $3.8 Billion

International News Brief: Las Vegas Sands Corp., owner of the Venetian casino in Las Vegas, led this week's borrowers in Asia as its loan to expand in Macau boosts the Chinese city's gaming industry financing to $3.8 billion.

China Seizes Over Million Gamblers

International News Brief: China seized 1.163 million people involved in 313,000 gambling cases in the first three quarters, the Ministry of Public Security said here Thursday.

China's Crackdown Puts Squeeze on Border Casinos

International News Brief: A crackdown on gambling by Chinese citizens is putting the squeeze on foreign casinos around China's northern borders.

Israel Official Won't Promote Eilat Casino

International News Brief: Israel’s Minister of Tourism Avraham Hirchson says that he would not promote the Eilat casino project at this time.

Macao's Gaming Revenue Breaks Record

International News Brief: Macao's income from direct gaming tax is expected to reach 16 billion patacas this year, a new high in history, local media reported Wednesday.

Taiwan Casino Plans Revealed

International News Brief: Three Scots businessmen and a Las Vegas gambling guru have revealed plans to build a £350 million casino resort in a tropical paradise off the Taiwanese coast.

Underground Gambling Gauges Taiwan Elections

International News Brief: Underground election gambling is emerging as an important channel for gauging the popularity of candidates of various political parties in the upcoming Dec. 3 Taiwan elections.

Hundreds of Thoroughbreds Killed After Racing Halted in Beijing

News Brief: About 600 Thoroughbreds have been killed after racing in Beijing was discontinued in October.

Israeli Wins Seat in Master of Classics

Seventy-nine players entered the 2005 Israeli Poker Championship, paying a buy-in of approximately $255.

Philippines Police Calls for End to Illegal Gambling

International News Brief: Aklan Police Superintendent William Macavinta called on the people to stop betting so illegal gambling would not flourish in the province.

Israeli Government Discusses Casino Plans

The Israeli Financial Cabinet will discuss in its upcoming session about allowing the first Israeli casino to be built in Eilat, Israel's most popular vacation destination and seaside resort.

Packer Has to Ante Up

International News Brief: Publishing & Broadcasting Ltd's James Packer will have to up the ante to stay in the game to build Singapore's first casino, his controversial business partner in Macau has indicated.

Casino Stock Rises

International News Brief: Shares of Las Vegas Sands Corp. and Wynn Resorts Ltd. each rose more than 6 percent on Monday after China reported a 10.2 percent increase in visitors to its gambling enclave of Macau.

IDB Group Considering Macau Venture

International News Brief: The IDB Group, controlled by Nochi Dankner, is exploring the possibility of joining American real estate mogul Sheldon Adelson in his venture to turn Macau into the Chinese Las Vegas.

Singapore Woos Star Architects

International News Brief: Singapore is wooing top architects such as I.M. Pei and Daniel Libeskind to design an iconic casino building on a par with Sydney's Opera House and Bilbao's Guggenheim Museum.

MGM Mirage: Singapore Bid Unaffected by Investigation

International News Brief: MGM Mirage Inc said an investigation by gaming regulators in the New Jersey into its casino joint venture in Macau with Shun Tak Holdings Ltd has no impact on its bid to develop a resort-cum-casino here.

Gambler Turns Rental Cars into Millions

International News Brief: A gambling addict is under arrest for allegedly using rented cars as collateral on loans from a loan shark, and then fleeing.

Gaming Partners Signs Macau Deal

Gaming Partners International Corporation has secured a major contract to supply RFID chips to the new Rio and Grand Waldo casinos to be opened early next year by Galaxy Resorts in Macau.

Singapore Ups the Ante by $1bn for Casino

International News Brief: Singapore has imposed a stiff minimum bet of almost $1 billion on casino operators vying to play in the island state

Nepalese Casino Opens

International News Brief: Pokhara's first casino is opening at Phulbari Resort and Spa with aim of attracting more tourists for gambling delights in the country's major tourism destination which has been suffering steep decline in tourist arrivals lately.

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