Asia News - Page 80

News Brief: Macau's scorching gaming business is keeping booming, as the latest official statistics showed that this year's gambling revenue reached $3.73 billion by August, a year-on-year rise of 14 percent.

International News Brief: Publishing and Broadcasting Limited says its latest casino joint venture will be called Crown Macau.

International News Brief: In the first half of this year, almost 5,000 Party officials were punished for taking gift money or gambling.

North American Video has been awarded the contract for the security and surveillance systems at the new Wynn Resorts in Macau presently under construction.

International News Brief: Lawrence Ho, son of gaming billionaire Stanley Ho, is betting that his understanding of Chinese gamblers will help a planned HK$8 billion underwater casino fend off new entrants in Macau such as Las Vegas Sands Corp.

International News Brief: Macao's income from direct gaming tax rose 23.4 percent year-on-year in the first seven months of this year, according to statistics issued Monday.

Most gaming industry leaders and observers expect MGM Mirage's partnership with Pansy Ho, daughter of Asia's leading casino mogul, to stand up to Nevada's regulatory scrutiny.

International News Brief: An Islamic sharia court in Indonesia's Aceh province has ordered four women to be flogged for gambling offences.

Namtiori Ltd. introduces BetOnBourse, a unique Stock Exchange platform betting game that delivers fast action, moment by moment excitement, and up-front profits for operators.

International News Brief: Guangzhou has just issued a law banning children under the age of 18 from buying lottery tickets.

News Brief: Singapore will modify some rules for the city-state's first casino-resorts after consulting bidders including Harrah's Entertainment Inc. and Las Vegas Sands Corp.

International News Brief: Foreign casino and jackpot winners may not have to pay personal income tax on their winnings according to recent Vietnamese General Department of Taxation proposals.

International News Brief: Singapore's plans to build two casinos will bolster its economy over the next five years, adding 1.8 percent to the city's gross domestic product (GDP), according to a new report.

Thailand officials want Nevada businesses to expand into the dynamic Asian country.

International News Brief: Eight in 10 Filipinos believe that some members of President Gloria Macapagal-Arroyo's family are involved in and benefit from jueteng operations, a July 2 to 14 survey of Pulse Asia showed.

International News Brief: Former Taiwanese gambling arcade tycoon Chou Jen-sen has finished serving jail time for running a network of illegal video-gambling parlors and paying off huge numbers of police and prosecutors to allow him to stay in business.

International News Brief: The blockbuster budget for the Venetian Macau casino resort in Cotai has climbed to $2 billion and could go higher as owner Sheldon Adelson announced he is seeking additional land for expansion.

International News Brief: China’s casinos and junket agents will be required to track the identity of gamblers making cash transactions of more than HK$500,000, according to a draft bill to be presented to the legislature after next month's election.

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

International News Brief: Four high-ranking officials were caught red-handed gambling at midnight on July 21 at the Dak Bla Hotel in the central highland province of Kon Tum.