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Asia News - Page 83

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Macau Project Meets Obstacles

International News Brief: The Las Vegas Sands’ Cotai Strip megaproject in Macau ranks as the biggest construction undertaking in Asia since the 1990’s and is already meeting obstacles.

Harrah's Considering Macau

News Brief: Harrah's Entertainment Inc. may enter Macau and other regional cities, said Senior Vice President Richard Mirman.

Chinese Casino Cruise Launched

International News Brief: For travelers weary of taking a train, bus or ferry between Shenzhen and Hong Kong, a Chinese company is now offering slow casino cruises between the neighboring cities.

Tabcorp to Bid on Singapore Casino

International News Brief: Tabcorp Holdings Ltd. said it will team up with cruise operator P&O Princess Cruises International Ltd. to bid for Singapore's proposed casino resorts.

Philippine President Won't Resign over Gambling Scandal

International News Brief: Philippine President Gloria Arroyo said she won't resign, even if members of her family are found guilty of taking illegal gambling payoffs.

Delegation Buoyed by Position on Nonstops

While a Nevada tourism delegation in China didn't get everything that it wanted from a meeting with Asian airline executives, it did get a consolation prize from the Chinese government.

Ho Buys Stake in Airline

International News Brief: The family of casino tycoon Stanley Ho plans to buy an 80 percent stake in Golden Dragon Airlines, taking control of the 12-year-old carrier that plans to start flights from Macau to the mainland by next year.

Slots, Cops, and Deception

International News Brief: The Japanese have been kicking around the idea of building American-style casinos in Japan for four years now.

Harrah's Reportedly Confident of Singapore Casino Bid

International News Brief: Harrah's Entertainment has become more confident of winning the bids for two integrated resorts with casinos in Singapore.

Macau Becoming Las Vegas of Asia

International News Brief: Close to an estimated $7.4 billion worth of new development, centered around entertainment and casinos, has transformed the sleepy backwater of Macau into a hive of activity.

Tabcorp to Supply Chinese Lottery

Tabcorp Holdings Limited has entered into a joint venture arrangement to provide systems and support services to the lottery market in the People’s Republic of China.

Philippine City Looks at Online Gaming Application

International News Brief: The City Council approved Tuesday a resolution ‘taking note and cognizance’ of the Philippine Amusement and Gaming Corporation's application for Internet gaming station operations in Cagayan de Oro City.

Bellagio Offers Father's Day Package

In celebration of Father's Day, the newly expanded Spa & Salon Bellagio is offering the Just for Men Makeover Package.

Las Vegas Sands Retires Macau Debt

News Brief: Las Vegas Sands Corp. on Monday said that it has retired all of its outstanding debt secured by mortgages on assets at its Sands Macao Casino.

Inside Gaming Column: Adelson Promises Casinos for Israel

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

LV Sands May Spend $2.75 Billion in Macau

Las Vegas Sands Corp., which opened the $265 million Sands Macau in 2004, may spend about $2.75 billion to build a casino resort and finance the development of three hotels in Macau, Chief Executive Sheldon Adelson said.

Officials to Tout Las Vegas on Trip to China

A delegation of Nevada government officials and business people hopes to leave the impression in China that Nevada is the only place to vacation when taking a trip to the United States.

Filipino Church Dismayed by Slot Decision

International News Brief: The Archdiocese of Cagayan de Oro voiced its dismay with President Gloria Macapagal-Arroyo over the impending operation of slot machines in the city.

South Korea Bets on Chinese Gamblers

International News Brief: South Korea is betting on a new $120 million casino project to lure more Chinese gamblers to a market that has traditionally focused on Japanese high-rollers.

NagaCorp IPO Planned for Hong Kong Exchange

International News Brief: NagaCorp, a Cambodian casino operator owned by Malaysian tycoon Chen Lip Keong, is planning to float its shares on Hong Kong's stock exchange after its listing plan was rejected by Singapore two years ago, sources said.

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