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Asia News - Page 88

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Asia Bets on Las Vegas-Style Casinos

International News Brief: Several Asian countries are easing restrictions on casinos, taking a bet that Las Vegas-style gambling halls will attract more tourists and create jobs.

MGM Mirage Announces Big Plans for Macau Casinos

MGM Mirage said today the government of Macau has granted a subconcession to a joint venture with business partner Pansy Ho Chiu-king to build a $975 million casino resort in the Chinese province.

Gambling Ring Busted, Couple Held

International News Brief: A Malaysian couple were receiving stakes of up to RM30,000 per day in their illegal betting operation.

Singapore Tourism School to Train Casino Workers

International News Brief: Tourism Academy at Sentosa begins training second year students of the Hospitality and Tourism Diploma course from Temasek Polytechnic to fill the 35,000 jobs that will be created by Singapore’s new casino resorts.

Gambling Beyond Nevada: Casinos OK'd in Singapore

Singapore announced Monday that it would allow construction of a pair of Las Vegas-style casinos, giving two gaming operators a potential for a significant revenue jump by the end of the decade.

Analysts Optimistic About Singapore Casino Prospects

International News Brief: Most analysts and industry watchers are decidedly bullish over the economic prospects and spin-offs an integrated casino resort will bring to Singapore, although social costs are still hard to quantify.

MGM Mirage Granted of Macau Subconcession to Joint Venture

MGM Mirage reports that its joint venture partnership with Pansy Ho Chiu-king has been granted a subconcession which allows the partnership to develop and operate hotel and casino resorts in Macau.

Singapore Sets Up Problem Gambling Framework

International News Brief: The Government will set up a comprehensive national framework to tackle problem gambling in Singapore.

Singapore Paves Way for Las Vegas Firms to Compete for Licenses

Singapore scrapped a four-decade ban on casinos to boost tourism, clearing the way for companies including Las Vegas Sands Corp., Wynn Resorts Ltd., Harrah's Entertainment Inc. and MGM Mirage to compete for the right to build two entertainment complexes in the city.

Singaporeans Not Surprised By Casino Decision

International News Brief: Most Singaporeans were not surprised by the Government's green light for the integrated resorts-cum-casinos.

Singapore to Allow Two Casino Resorts

International News Brief: Singapore will allow two integrated casino resorts to be built, one at the Marina Bayfront and another on Sentosa, Prime Minister Lee Hsien Loong revealed in Parliament on Monday.

Official: Singapore Must Tackle Gambling's Social Costs

International News Brief: Deputy Prime Minister Tony Tan has said that Singapore must be ready to tackle the social costs if it decides to have a casino.

Thais Visit Cambodian Casinos for New Years

International News Brief: For some Thais, the New Year holidays are an excuse to nip across the Cambodian border for a spot of one of the oldest vices: gambling.

Survey: Half of Singaporeans Gamble

International News Brief: A survey has shown that more than half of Singaporeans gamble, but only two in 100 are at risk of gambling addiction.

Singapore Market Waits for Casino Decision

International News Brief: Singapore shares closed little changed on Wednesday, with gains capped by a lack of positive leads in the market. Most interest was centred on which companies could win a deal to run a casino project for the government.

Singapore Cabinet Makes Casino Decision

International News Brief: Senior Minister Goh Chok Tong said the Singapore Cabinet had made its decision on the casino issue during a meeting last Saturday.

Philippines to Hold Poker Championship

International News Brief: The Poker Club of the Philippines and the Philippine Gaming Corporation will hold the country’s first Poker King Challenge.

Cranes Move into Macau Way of Life

International News Brief: The many beautiful spots around Macau that have fallen under the wheels of rampant economic development has become the focus of a growing discontent among many locals with the mushrooming gaming industry.

Singapore To Deliver Full Account of Casino Decision

International News Brief: The Minister for Community Development, Youth and Sports has assured there will be a full and proper account when Parliament announces its decision on April 18 on the proposed integrated casino resort.

Japanese Man Embezzles 131 Million Yen

International News Brief: A Japan Agriculture Cooperative employee has been sacked after reportedly admitting to embezzling 131 million yen in customers' savings and pensions to feed his gambling habit.

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