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Asia News - Page 93

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Singapore May Set Tax for High Rollers Lower Than Vegas

International News Brief: Singapore may offer a gaming-revenue tax rate for high rollers that's lower than Las Vegas.

Ruling: No 'black box' at Casino du Liban

International News Brief: Acting State Prosecutor Rabia Qaddoura said Monday that there was no "black box" illegally siphoning public funds from the government at Casino du Liban, despite claims by several politicians and the media.

Gambling Tycoon Gets 6 Years in Jail for Rigging the Lottery

International News Brief: Five men including Klom Bang Kruai, a gambling tycoon from Nonthaburi, have been sentenced to six years in jail for rigging the lottery.

Singapore Calls for Casino Ideas

International News Brief: Singapore has asked investors to submit proposals for a casino resort before deciding whether to allow gambling.

2004 In Review: Merging And Converging

A rebounding economy, roller-coaster gasoline prices, corporate mergers, and record earnings were stories with national implications that had local undertones.

Stake in London Clubs to Help Genting Expansion

Genting Bhd.'s increased stake in London Clubs will help Asia's largest publicly traded casino operator diversify amid rising competition in the region, investors and analysts said.

Bellagio's New Rooms Keep Luxury Level High

With Bellagio recognized by AAA as a five-diamond property -- the organization's highest rating -- the hotel-casino's executives say they needed to carry that same level of expectation into the resort's newest addition, which opens to customers this morning.

Casinos Could Lift Singapore Property Stocks

International News Brief: Analysts are suggesting that if Singapore decides to allow casinos, property groups may profit from the decision.

Greek Mythology to Open

Macau gaming and entertainment group Greek Mythology Entertainment Group Limited is opening a new Greek Mythology Casino at New Century Hotel on December 23, 2004.

Foreigners Banned from Running Filipino Casinos

International News Brief: The House of Representatives has approved on second reading a bill extending the franchise of the state-run Philippine Amusement and Gaming Corp. but retained restrictions against allowing foreigners to engage in the local gaming business.

Singapore Government to Accept Casino Proposals

International News Brief: The government will be inviting interested casino operators to submit their proposals to build a casino in Singapore.

Malaysian Government Won't Abolish Gambling

International News Brief: The Malaysian Finance Ministry Parliamentary Secretary Datuk Dr Hilmi Yahya said the present number of three draw days per week would stay and that the government had no plan to completely abolish legal gambling.

Online Petition Against Building Casino In Singapore Gaining Momentum

International News Brief: A group of Singaporeans who are against the idea of building a casino here have taken their petition into cyberspace.

Analysts: Las Vegas Sands is a Good Bet

News Brief: With a strong operating history and growth potential in Las Vegas and in Asia's Macau, Las Vegas Sands could offer a significant payout for those investors willing to play a hand.

Ho Planned Venture to Dwarf Others

International News Brief: Gambling heiress Pansy Ho has stayed nearly mum about her planned joint venture with American gaming giant MGM Mirage. In a recent presentation, she revealed that it was going to dwarf all other developments.

Wynn Seeks Macau Expansion

Instead of developing second and third Macau properties with other hotel owners, Steve Wynn says the power of Macau is too valuable to sell, and that he'll build at least one, and possibly two properties on the island.

Macau Visitor Numbers Up

International News Brief: Macau, which has just 451,000 residents, logged a record 1.52 million visitor arrivals last month, an increase of 45.6 per cent on the same month last year, the Macau Statistics and Census Bureau said on Friday.

Another Deficit For Japan's Soccer Lottery

International News Brief: Japan's soccer-lottery operation will likely run into a deficit for its second consecutive year.

Ho Opens Talks with Neighbors

International News Brief: Macau gambling mogul Stanley Ho has opened talks with neighbouring Zhuhai about extending his empire into mainland China.

Funeral Wakes Double-Up as Gambling Joints

International News Brief: Funeral wakes have become occasions for illegal gambling in Singapore, prompting a series of raids by police, officials said on Monday.

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