Asia News - Page 89

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.

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 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.

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

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.

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.

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 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.

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

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.

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

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.

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.

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.

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.

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.

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.

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

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.