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Asia News - Page 88

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High Standards: Steelman Impresses Asian Officials With Speed, Quality of Sands Macau

Paul Steelman knew that his work in Macau set new standards for the Chinese market when local officials began using his progress to measure the pace of construction projects.

Casino Filipino Missing Millions Worth in Chips

International News Brief: An estimated P20-million worth of casino chips are missing from several branches of Casino Filipino, Rep. Imee Marcos of Ilocos Norte said on Saturday.

China Arrests 10,000 in Crackdown

International News Brief: China’s government has arrested more than 10,000 people in a massive nationwide campaign against gambling, state media reported today.

Analysts Tout Shun Tak Holdings

International News Brief: Macau fever and the ensuing mania for the enclave's plays may have cooled in recent months, but it's not too late to take a punt on Shun Tak Holdings Ltd.

Macau VIP Room Shares Up for Sale

International News Brief: A private investor is planning to sell shares in eight VIP rooms in Macau's Galaxy Casino in an initial public offering slated for the end of June, sources said.

Macau Poised to Overtake Vegas

International News Brief: Macau is poised to overtake Las Vegas as the gambling capital of the world before the end of the year.

Ho Plans Philippine Floating Casino

nternational News Brief: Macau gambling magnate Stanley Ho is back and is set to open his floating casino in Manila Bay, Ilocos Norte Rep. Imee Marcos claimed yesterday.

Macao Sands Design Boasts Innovations

International News Brief: Sands Casino’s Macao casino boasts many innovative design features and ideas that have never been used in casinos.

Top Architects Involved in Singapore Casinos

International News Brief: Some of the world’s top architects have been hired to design Singapore’s first casino.

Singapore Casino Hopefuls Spend Millions to Bid

International News Brief: Even before the first dice are thrown, the bidders for the proposed Singapore casino could have spent about $20 million on their proposals.

Cheap Labor Pushes Singapore to Gamble on Casinos

International News Brief: Singapore plans to build its first casino, reversing a four-decade ban, as it seeks new industries to replace manufacturers that are moving to lower-cost China and India.

Marina Bayfront Favored Singapore Casino Site

International News Brief: The world's major casino operators, which have submitted concept proposals for Singapore's first integrated resort, appear to favour the site at Marina Bayfront over Sentosa.

Hotel Chains Gamble on Macau

Several worldwide hotel chains will join Las Vegas Sands Corp. in developing seven hotel-casinos on the Cotai Strip region of Macau, investing up to $6 billion in the expanding tourism market's initial phase.

Chimera Enters Chinese Market

Chimera Technology Corp. reports that its latest initiative, www.724Pay.com, will facilitate Chimera's access to over 80% of the Chinese population.

Macau Door to Growth for Sands

Las Vegas Sands already operates the Sands Macau, which opened in 2004, and is building the $1.8 billion Venetian Macau, which will serve as an entrance to the Cotai Strip. Macau is just the tip of the growth opportunities for Las Vegas Sands.

Koreans Banned from Using Credit Cards at Casinos

International News Brief: Koreans will be prohibited from using credit cards in overseas casinos from next week, the Financial Supervisory Service said.

Wynn Offers $1.5 Billion for Singapore Casino

International News Brief: Wynn Resorts Ltd is offering to spend as much as $1.5 billion to win the right to build and run Singapore's first casino, Wynn President Ronald Kramer said.

Singapore Official: Government Held Accountable for Casino Decision

International News Brief: Minister Vivian Balakrishnan said the Government would finally be held accountable by Singaporeans for whatever choice was made.

Bookie, Punters Fined for Taking Bets Via Internet

International News Brief: A soccer bookie was on Friday fined RM30,000 in default 12 months' jail whilst two punters fined RM2,000 each in default one month's jail for taking bets via the internet on Euro 2004 soccer on July 5 last year.

Government Statement on Singapore Casino Proposal Expected

International News Brief: Ministerial statement on whether Singapore will proceed with the casino proposal will be made in Parliament on April 18.

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