Asia News - Page 96

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.

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.

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 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.

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.

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.

International News Brief: The Singapore government may soon ask private sector players to come forward with proposals on how to develop the island's first casino project but they must be clear on the broad concept already decided.

International News Brief: Two leaders of the Roman Catholic Church have clashed on how the bishops should view gambling with one saying it is alright to deal with the Philippine Amusement and Gaming Corp. and the other saying there can be no exception.

A group of Chinese journalists on a familiarization tour organized by the Nevada Commission on Tourism was dazzled by Las Vegas' nightlife and thrilled by a helicopter trip over the Grand Canyon.

International News Brief: Casino tycoon Stanley Ho's Melco International Development plans to raise up to HK$400 million through a share placement. The money will be used towards funding a Macau casino venture.

This week's Chinese media tour was organized by the Nevada Commission on Tourism, which this summer opened an office in Beijing to promote travel and trade with a segment of that nation's 1.3 billion residents.

International News Brief: Malaysia’s gaming stocks hogged the limelight yesterday with investors beginning to see better earnings prospects for the sector in the current financial year driven by higher consumer spending.

International News Brief: A Chinese man who lost big money while gambling went berserk, stabbing his wife repeatedly and setting a fire that trapped several people inside their apartment in Macau.

International News Brief: Betting in Britain has experienced a great increase. However, Britain’s punters are nothing compared to Hong Kong’s.

nternational News Brief: A leading Chinese soccer club manager said on Tuesday that the country's professional league was facing collapse because of rampant corruption and match-fixing.

International News Brief: A threatened labour shortage in the booming gambling city of Macau became a reality last weekend when a new casino opened its doors for business even though it was short of skilled staff.

International News Brief: Searching for new growth industries, Korea is taking bets on casinos - and Las Vegas is looking.

International News Brief: Skynet Holdings is in talks to build a hotel-casino complex in Macau for tycoon Stanley Ho.

International News Brief: Malaysia’s sole casino group Genting is betting on becoming a bigger regional power player in what is seen as a move to further cut its dependence on gamblers' wagers amidst rising regional competition.

News Brief: More than 20 cleaners at Macau's Sands casino staged a brief strike after their union leader was fired in a pay dispute with one of the casino's contractors, the fired leader said today.