Asia News - Page 89

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.

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.

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

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.

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

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.

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

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.

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

International News Brief: China's Macao Special Administrative Region government reaped $1.8 billion from taxing the gaming industry in 2004.

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.

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, 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.

International News Brief: The Emperor Casino the state opened amid the abject poverty in Raijin appeared to be respectability itself.

nternational News Brief: China’s lawmakers and enforcers are divided over a proposed law to ban gambling.

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 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.

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.

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.