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Asia News - Page 95

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Philippine Gambling Abolition Gains Support

International News Brief: The Philippine Amusement and Gaming Corp. may well be a thing of the past, if the groundswell of support for its abolition at the House of Representatives hits a crescendo.

Macau Probe Targets Gaming Stocks

International News Brief: The Securities and Futures Commission,worried about frenzied buying of micro-cap companies that claim to have gambling and hotel-related interests in the Macau, is investigating several brokerage houses and recent company announcements.

Venetian Macau Expected to Cost $1.8 Billion

International News Brief: Las Vegas Sands said it expects to spend $1.8 billion on its planned Venetian Macau casino resort, roughly doubling figures previously offered by its executives and dwarfing the budget of any other announced project in the territory.

Ho Bets on New Casino

International News Brief: On Dec. 23, casino mogul, Stanley Ho, opens his Greek Mythology Casino to fend off competition from Las Vegas newcomers.

Malaysian Former Princess Blew Millions in Gambling

International News Brief: A former Malaysian princess is alleged to have racked up millions in gambling debts at the Ritz casino in London.

Sri Lankan Casinos Hit with Tax Increase

International News Brief: Sri Lanka has slapped sin taxes on casinos, alcohol and luxury goods and increased fines while granting a 40 percent salary increase to state employees despite a ballooning budget deficit.

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.

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