Asia News - Page 87

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.

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.

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.

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.

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.

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.

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 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.

International News Brief: A foreigners-only casino to be operated by the state-run tourism agency will open in southern Seoul at the end of this year, according to Choi Jae-geun, vice-president of the Korea National Tourism Organization.

Harrah's Asia Pte Ltd., and Keppel Land, Ltd., have been invited by the Singapore Tourism Board to submit joint proposals for two integrated resorts in the Republic of Singapore.

International News Brief: The casinos in the two integrated resorts in Singapore could generate revenue of as much as $2 billion a year.

The real Steve Wynn is a street fighter who has had to orchestrate comebacks from calamities that would have flattened lesser operators.

Wynn Resorts has been notified by the Singapore Tourism Board that it has qualified to participate in the Request for Proposal for an Integrated Resort that will be issued by the Singapore Government in the second quarter of 2005.

MGM Mirage reports that it, along with its partner CapitaLand, has been invited by the Singapore government to submit a joint proposal for an integrated resort complex in the Marina Bayfront.

International News Brief: The government should consider allowing the establishment of casinos mixed with hotel and convention facilities to boost Hong Kong's tourism industry, according to a legislator.

International News Brief: Singapore has eliminated at least one Hong Kong bidder from the competition to open a casino resort in the city state.

International News Brief: Specialist infotech firms offering niche solutions for casino operators could hit the jackpot once the two integrated resorts come up in Singapore.

International News Brief: Tabcorp is expected to team up with Village Roadshow for the next round of proposals for Singapore's two casino and resort projects which could be valued at more than $5 billion.

International News Brief: Singapore, which lifted its ban on casinos this week, probably won't cut gaming revenue at Macau because the cities are vying for different markets, analysts such as Karen Tang say.

News Brief: Prime Minister Thaksin Shinawatra said yesterday the government was not ready to think about legalising casinos in Thailand since it had many other problems that needed tackling more urgently.