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Asia News - Page 95

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Analysts Give Warning on Macau Stocks

News Brief: Investors have been advised to tread warily around Macau plays, with analysts warning that many of the small listed firms joining the foray into property, hotel and gambling businesses have already made unsustainable price gains.

Analyst: China's New Money Policy to Help Gaming

News Brief: According to analyst, Marc Falcone, China’s new policy allowing Chinese emigrants to take personal assets out of the country will help the gaming international gaming market.

Venetian Owner Faces New Suit Over Macau Casino

The owner of the Venetian is facing another lawsuit related to the company's lucrative casino in the Chinese enclave of Macau.

South Korean Casino Sites Picked

International News Brief: The South Korean tourism agency on has selected three additional casinos for foreigners, two in Seoul and one in the southeastern port city of Pusan.

Las Vegas Sands Reports 100% Return on Macau Casino

nternational News Brief: At the $265 million Sands Macau, the first Las Vegas-style casino in Asia, gamblers spend $1.37 million on average each day. Profit equals an annual 100 percent return on investment for owner Las Vegas Sands Corp., according to gaming analyst Jonathan Galaviz.

Packer Joins Forces with Ho

International News Brief: Kerry Packer has joined forces with one of Asia's most colourful businessmen, casino tycoon Stanley Ho.

Hong Kong Liberals Proposal Casino

International News Brief: The Hong Kong Liberal Party wants to build European-style tourist-only casinos on Lantau Island.

Singapore Tourism Group Backs Casino Plan

International News Brief: Singapore's plan to build a controversial casino received backing Wednesday from a panel advising the city-state's tourism board.

Macau Theme Park Planned

International News Brief: Cruise ship operator Macau Success has teamed up with casino tycoon Stanley Ho's Sociedade de Jogos de Macau to build a HK$1.2 billion theme park in Macau's Inner Harbour area.

High Stakes in Vegas vs. Macau

International News Brief: Glittery Las Vegas gambling has arrived in seedy Macau, promising new charms for China's inveterate players, and this former Portuguese colony may never be the same.

Wynn Resorts Offers Common Stock

Wynn Resorts, Limited has agreed to sell 7,500,000 shares of its common stock to Deutsche Bank Securities Inc.

Companies Look to Singapore for New Market

International News Brief: International gambling companies searching for new Asian markets are waiting for Singapore to give the go-ahead for a proposed Las Vegas-style casino resort aimed at boosting tourism in the wealthy city-state.

Losing Power at Bellagio

Slot Expert John Robison answers your slot and video poker questions.

Hong Kong Football Betting Break Requested

International News Brief: An advocacy group has called on the Hong Kong Jockey Club, the sole legal bookmaker of football betting in the SAR, to introduce a one-month break each year.

South Korea's Casino Godfather Passes Away

International News Brief: Chun Rak-won, the founder and chairman of South Korea's biggest casino chain Paradise Group passed away Wednesday morning at the age of 77 from a chronic illness.

Melco May Buy Casinos from Chairman Ho, Paper Reports

Macau gambling tycoon Stanley Ho said he may sell his privately held business to Melco International Development Ltd., Hong Kong's South China Morning Post reported.

Harrah's to Use Access to Capital in Singapore Pitch

International News Brief: Harrah's Entertainment Inc., the No. 2 U.S. casino operator by market value, will use its ability to raise funds and draw tourists as part of its pitch to the Singapore government for a casino plan.

IA Global Reports Loss Decreased

IA Global reports the net loss decreased to $285,000 from $694,000 in Q3 2003. The net loss per share was $.00 for Q3 as compared to a net loss of $.01 per share for Q3 2003.

South Korea to Open Two New Casinos

International News Brief: South Korea has granted new licences to two new operators, one in the capital Seoul and the other in the southern city of Busan.

Singapore Resort May Follow Vegas Concept

International News Brief: A controversial Singapore proposal for a casino resort may include a Las Vegas-style entertainment complex, complete with water-theme park, theatres and art galleries, the government said yesterday.

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