Asia News - Page 89
Cheap Labor Pushes Singapore to Gamble on Casinos
22 March 2005
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 Site18 March 2005
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 Macau18 March 2005
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 Market17 March 2005
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 Sands17 March 2005
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 Casinos16 March 2005
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 Casino15 March 2005
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 Decision15 March 2005
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 Internet14 March 2005
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 Expected11 March 2005
International News Brief: Ministerial statement on whether Singapore will proceed with the casino proposal will be made in Parliament on April 18.
Macao Nets $1.8 Billion from Gaming Tax8 March 2005
International News Brief: China's Macao Special Administrative Region government reaped $1.8 billion from taxing the gaming industry in 2004.
Thai Government Expected to Push for Casino8 March 2005
International News Brief: The planned launch of a casino business in Thailand will take a step closer to reality as the new cabinet of Prime Minister Thaksin Shinawatra is expected to give top priority to the issue.
Church Reveals Gambling Problem That Plagued Man8 March 2005
International News Brief: A compassionate family man who loved helping the elderly, but a man who had a weakness for gambling - this was the picture painted by pastors of 40-year-old Simon Lee, who jumped to his death from a flat at Tampines.
Win Win Gaming Raises $2 Million7 March 2005
Win Win Gaming, Inc. has raised $2,000,000 through a private placement of 4,000,000 shares of its common stock to the Van Wagoner Private Opportunities Fund, L.P.
Odds Against North Korean Casino as China Stops Flow of 'dirty cash'7 March 2005
International News Brief: The Emperor Casino the state opened amid the abject poverty in Raijin appeared to be respectability itself.
Chinese Officials Split Over Gambling Legislation7 March 2005
nternational News Brief: China’s lawmakers and enforcers are divided over a proposed law to ban gambling.
CPAmerica Submits Singapore Casino Proposal7 March 2005
CPAmerica has submitted a development concept proposal for a $1.5 billion family-oriented resort destination for a 'Downtown at Marina Bay' location and for a location on Sentosa Island in Singapore.
Starwood Submits Singapore Proposal3 March 2005
Starwood Hotels and Resorts Worldwide, a major hotel chain with business interests in Las Vegas, said Wednesday it has submitted a proposal for a $1.8 billion casino resort in Singapore with a Las Vegas partner.
Philippines Approves Online Cockfight Betting System3 March 2005
International News Brief: The state-owned Philippine Amusement and Gaming Corp. has approved the implementation of the country’s first Internet-based cockfight betting system.
MP Urges Parliament to Lift Whip on Casino Debate2 March 2005
International News Brief: MP Tan Soo Khoon urged the Singapore Parliament to thoroughly debate the casino issue and lift the Whip so MPs can vote with their conscience.
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