Asia News - Page 95

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.

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.

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.

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

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.

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

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.

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.

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

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

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.

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.

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

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.

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.

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

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.

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

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.

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.