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Asia News - Page 85

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Empire Online Plans Float

International News Brief: Noam Lanir is planning to float Empire Online, which provides marketing techniques to online casinos, at an estimated $1 billion company valuation.

Genting Bets on Cambodian Casino

International News Brief: Ho Wah Genting Bhd expects its Cambodian casino operations to turn around and become the group's main earnings driver this year.

Casino Security Targets Crime, Terrorism

News Brief: From hidden cameras to secret surveillance rooms, here’s a look at the security measures Singapore can expect in its 2 new integrated resorts.

Philippines Probes Arroyo Gambling Link

International News Brief: Philippine lawmakers said they would begin this week an inquiry into allegations that President Gloria Macapagal Arroyo's family members received payments from syndicates running an illegal lottery.

Israeli Official Looks to Vegas for Casino Model

International News Brief: Israeli Tourism Minister Avraham Herschson, who is eager to give the green light to a casino in Eilat, is scheduled to take a delegation to Las Vegas in June to learn about the casino industry.

Kampek Casino Plans Expansion

International News Brief: The low-key Kampek Casino is set to briefly take a turn as one of the largest on the Macau peninsula.

Israel Moves Forward with Casino Legalization

International News Brief: After years of debate, the government is moving forward at a brisk pace towards legalizing casinos in Israel.

Taiwan Casino Bill Moves Forward

International News Brief: Taiwan’s Home and Nations Committee has passed the preliminary review of the draft amendments to the Offshore Islands Development Law, marking a step forward toward the legalization of casinos on outlying islands.

Sands Singapore Casino Would Cost Up to $2.5 Billion

International News Brief: Las Vegas Sands Inc. expects to spend between $2 billion and $2.5 billion if it gets the license for a casino resort at Singapore's Marina Bay, a company official said Thursday.

Las Vegas Sands Expands Macao Management Team

Las Vegas Sands Corp. and its subsidiary Venetian Macau Limited report that Wolfram Diener will join the organization as vice president of convention and exhibition for the convention and expo center being built at The Venetian Macao Resort Hotel Casino on the Cotai Strip.

Singapore Officials Respond to Wynn's Criticism

International News Brief: The Urban Redevelopment Authority and the Singapore Tourism Board have responded to casino guru Steve Wynn's scathing criticism of Singapore officials' handling of the process leading up to the submission of bids.

Accountants Cheated of $620,000 in Cards Scam

International News Brief: A group of skilled gamblers cheated professional accountants of up to HK$620,000 at a time in games of 'show hand,' a district court heard Wednesday.

Slots Won't Sway Singapore Officials

Companies vying to sway government decision-makers in an effort to win two potentially lucrative casino development opportunities in Singapore need to have ambitious ideas beyond casino gaming, America's ambassador to the city-state said Tuesday.

Underwater Casino Planned

The battle for casino supremacy in Macau has moved to a new frontier.

Official: Taiwan Has No Casino Stance

International News Brief: The Executive Yuan has no set stance on which of Taiwan-controlled outlying islands would be suitable for establishing casinos, Cabinet spokesman Cho Jung-tai said Tuesday.

Abu Dahbi Bank Rejects Casino Claims

International News Brief: National Bank of Abu Dhabi has rejected allegations against it by a casino in London, vowing it will fight the case in a British court.

Hong Kong's Illegal Bookies Squeezed Out

International News Brief: Illegal bookmakers, widely believed to be draining billions of dollars from the Jockey Club are being squeezed out thanks to the legalization of soccer betting two years ago.

Israel Begins Casino Paperwork

International News Brief: Israel’s Minister of Finance Benjamin Netanyahu told the Knesset Finance Committee today that he was beginning practical preparations for construction of a casino in Eilat.

Woman Kidnapped for Gambling Money

International News Brief: The kidnapping of a Chinese woman was carried out to make quick money after the alleged suspects gambled and lost at the casino, says an explanation posted on the internet.

PBL, Melco to Build Second Macau Casino

International News Brief: Kerry Packer's Publishing & Broadcasting Limited and its Asian gambling partner, Stanley Ho's Melco International Development, plan to build a second casino in Macau.

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