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Asia News - Page 92

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Fortuna Pays for Macau Casino Stake

International News Brief: After teasing shareholders for two months with the possibility of a Macau gambling investment deal, Fortuna International Holdings has at last announced a HK$50 million agreement to take a 30 percent stake in a casino hotel in the territory.

China Wages Losing War Against Gambling

International News Brief: In the 1980s and 1990s, many of the whales were Japanese businessmen. But today, according to Las Vegas moguls, more than 50 per cent are Chinese.

International Game Technology Creates Division for Macau Market

Casino gaming is continuing its rapid expansion into the Chinese gaming enclave of Macau, and the industry's leading slot machine manufacturer announced Tuesday it was creating a division to serve the growing market.

Singapore to Receive Wynn Bid

The company, now preparing to open the $2.5 billion Wynn Las Vegas April 28, wants to build a gambling house at the Marina Bayfront near Singapore's central business district.

IGT Forms Asian Division

International Game Technology reports the formation of a new company division to service the Asian gaming markets.

Chocolate Fountain Flows at Bellagio

A fountain featuring 2,100 pounds of melted chocolate at the Jean-Philippe Patisserie is showcased inside the Spa Tower at the Bellagio.

Tabcorp, Packer Vie for Singapore Casino License

International News Brief: Gaming giant Tabcorp is set to take on Kerry Packer's Publishing & Broadcasting Ltd and a host of US gaming operators in the multi-million-dollar battle to create Singapore's first casino.

Casino Companies Bet on China

International News Brief: By the end of the decade, Macau could well surpass Las Vegas as the world's largest gambling market according to analysts.

Youbet to Launch Website in China

Youbet.com said today that it plans to launch a horse racing entertainment website in March of this year exclusively for access by customers in Mainland China.

Islamic Group Against Singapore Casino

International News Brief: The Islamic Religious Council of Singapore, or MUIS, has submitted a paper to the government, stating clearly its stand against the building of the casino.

Nepal to Draft Casino Regulations

International News Brief: After 29 years of operation of casinos, the Tourism Industry Division under the Ministry of Culture, Tourism and Civil Aviation has prepared a draft of a bill to regulate casinos.

Macau Welcomes 2 New Casinos

International News Brief: Two new casino halls opened for business in Macau yesterday, aimed at the tourists arriving during the Lunar New Year travel spree.

Singaporeans Barred From Posh Batam Casino After Gang Clash

International News Brief: Singaporeans who wanted to gamble at the Waterfront City casino on Saturday night were prevented from entering by special units of the Batam police.

Wanted Gambler Captured on Train

International News Brief: Cai Haowen, who is on China's wanted list for gambling away a large sum of public money, was captured in a train this weekend.

Sands Macao Opens Pearl Room

The Sands Macao, the first western-operated casino in Asia, has opened the luxurious Pearl Room, a new themed gaming room bedecked with sparkling pearl chandeliers situated adjacent to the main lobby of the Sands Macao.

Man Sentenced in Casino Investment Scam

A Vietnamese man was sentenced for convincing members of the Las Vegas Vietnamese community to give him money so he could finalize a deal to build a Las Vegas-style casino in Vietnam.

Asian Gaming Expo to Focus on Opportunities

Investment opportunities in the fast-growing Asian gaming market will be the topic of the Asian Gaming Investment Forum at the Asian Gaming Expo.

MGM Confident of Macau Approval

International News Brief: MGM Mirage is close to securing regulatory approval for its proposed joint venture with gambling heiress Pansy Ho to build a casino in Macau, according to company executives.

Indian State Lottery May Be Revived

International News Brief: The State Government will explore the possibility of bringing in a new piece of legislation for resuming a lottery in Kerala, India.

Sheldon Adelson: Israel Must Build Casino

International News Brief: Sheldon Adelson says what's good for Las Vegas is good for Israel.

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