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Asia News - Page 87

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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.

Thai University Gambles on Casino Courses

International News Brief: A Thai university has reignited the debate over casinos by offering a course in casino and gaming management.

Lottery Popular in Indonesia

International News Brief: Gambling takes many forms in the Indonesia’s capital and continues to be backed by well-known figures. Former Jakarta governor Ali Sadikin recently renewed his call for its legalization.

Israeli Official Wants Casinos in Eilat

International News Brief: Finance Minister Binyamin Netanyahu proposed that Israel change the law and allow casino gambling hotels to operate in Eilat.

Philippine President Rejects Jueteng Legalization

International News Brief: Philippine President Gloria Macapagal Arroyo yesterday rejected renewed calls for the legalization of jueteng, an illegal numbers game, saying it would only encourage laziness among Filipinos.

PBL, Tabcorp Bid Leads Pack

International News Brief: Kerry Packer's Publishing and Broadcasting Ltd and Tabcorp have firmed as possible winners of Singapore's multibillion-dollar casino developments following a further shake-out of potential bidders.

Philippine Official Confronts Archbishop Over Jueteng Accusations

International News Brief: Presidential son and Pampanga Rep. Mikey Arroyo confronted Pangasinan Archbishop Oscar Cruz during a congressional hearing yesterday on reports linking the Arroyos, along with police officers and national and local officials, to jueteng.

Ho Plans Biggest Macau Casino

News Brief: Macau tycoon Stanley Ho yesterday unveiled plans for what will be the gambling haven's largest casino, the Oceanus, a colossal downtown entertainment complex covering three city blocks.

Sands Benefits From Macau

Las Vegas Sands Corp. said Tuesday its first-quarter revenues jumped nearly 69 percent from a year earlier helped by strong revenue growth at its Sands Macau property.

Casino Bid Scrapped

Hotel Properties Ltd. and Metro Holdings Ltd., which were last month named on a shortlist of 14 groups bidding to develop a casino resort in Singapore, no longer plan to continue with their joint bid.

Philippines Target Gambling Lords

International News Brief: House leaders on Friday emphasized the need for close coordination between the police and the Bureau of Internal Revenue running after jueteng lords who are also tax cheats.

Macau Gross Casino Revenues Up

International News Brief: Gross casino revenue in the gaming-friendly Chinese enclave of Macau is seen rising more than 40% in April from the same month last year, according to a Macau government source.

Ho Grabs Half-Stake in MGM Grand Paradise

International News Brief: Casino heiress Pansy Ho has invested $80 million for a half-stake in MGM Grand Paradise, slated to become the city's fifth casino operator.

Courts Asked to Shut PAGCOR Down

International News Brief: The Philippine Supreme Court has been asked to close down the Philippine Amusement and Gaming Corp. because it has been operating without a franchise for the past three years.

Task Force Set Up to Deal With Singapore Loan Sharks, Money Laundering

International News Brief: An inter-ministry task force has been set up to deal with loan sharks and money laundering in Singapore.

Las Vegas Sands Named to Singapore 'Short List'

Las Vegas Sands Corp. reports that the Singapore government has selected the company, among others, to participate in the Request for Proposal process which will lead to the building of an Integrated Resort.

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