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Asia News - Page 93

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Chinese are Main Customers at Korean Casinos

International News Brief: Chinese tourists, including some Party and government officials, are squandering hundreds of millions of yuan each year at a North Korean five-star hotel and casino, state media said on Wednesday.

Macau Enjoying Unprecedented Economic Boom

International News Brief: Since Macau, which returned to Chinese rule in 1999, deregulated its gaming industry in 2001 to allow foreign investment, it has enjoyed an unprecedented economic boom.

Genting Poised to Reap Benefits

International News Brief: The Genting group will celebrate its 40th anniversary this year on a high note as it is poised to reap the benefits of its expansion in Britain as well as the higher number of tourist arrivals anticipated at its hill resort.

Singapore Casino Could Lead to Job Boom

International News Brief: A casino no bigger than 15,000 square metres as stipulated by the Singapore government could create more than 13,000 jobs when fully up and running. In the best-case scenario, 20,000 jobs could be added.

SportXction Expands into Turkey

WI's SportXction play-by-play sports betting service was incorporated into SportingBet’s Turkish wagering website.

Singapore Sets Casino Limits

International News Brief: A proposed casino project being explored by Singapore cannot be larger than 15,000 square metres nor have more than 2,500 gaming machines, a government spokeswoman said.

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.

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