Asia News - Page 82

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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.

Plans for investing $3.5 billion in two Singapore casino projects have Wall Streeters shaking their heads.

In recent years, the Chinese enclave of Macau has increasingly assumed a Las Vegaslike atmosphere as Strip-inspired casinos take shape along the Pearl River Delta.

International News Brief: Malaysian police believe they have crippled a gambling syndicate with the arrests of two local men high on the police wanted list on Thursday.

International News Brief: Jakarta police chief Inspector Gen. Firman Gani on Wednesday defended the police's failure to eradicate gambling here, arguing that a weak legal system had prevented city police from arresting suspected gambling bosses.

International News Brief: Macau's income from direct gaming tax reached 8.15 billion patacas in the first half of the year, a year-on-year increase of 24.9 per cent.

International News Brief: Indonesia’s National Police vice officers were forced to concede that they had not fared very well in the recent push against gambling, as they had only arrested a few small fries, while the big sharks were still free.

International News Brief: Singapore police smashed an illegal gambling syndicate after they arrested 13 people in an island-wide operation.

International News Brief: Media reports show that there are at least 10 other Malaysian high rollers, who owe casinos in Britain and Australia between RM250,000 and millions of ringgit.