Asia News - Page 96

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.

Instead of developing second and third Macau properties with other hotel owners, Steve Wynn says the power of Macau is too valuable to sell, and that he'll build at least one, and possibly two properties on the island.

International News Brief: Macau, which has just 451,000 residents, logged a record 1.52 million visitor arrivals last month, an increase of 45.6 per cent on the same month last year, the Macau Statistics and Census Bureau said on Friday.

International News Brief: Japan's soccer-lottery operation will likely run into a deficit for its second consecutive year.

International News Brief: Macau gambling mogul Stanley Ho has opened talks with neighbouring Zhuhai about extending his empire into mainland China.

International News Brief: Funeral wakes have become occasions for illegal gambling in Singapore, prompting a series of raids by police, officials said on Monday.

International News Brief: Australia's largest publishing and gaming firm, Publishing and Broadcast Ltd, and Hong Kong joint venture partner Melco signalled plans on Monday to expand in the gaming business in Asia, with possible casinos in Thailand and Singapore.

International News Brief: Hong Kong tycoon Cheng Yu-tung bought the Hyatt Hotel and 40% of the adjoining Casino Manila two years ago. Construction workers now frantically prepare the resort for its grand launch early next year in Manila.

International News Brief: Several Chinese Filipino organizations, led by the group Kaisa Para sa Kaunlaran, Inc., on Friday slammed the Philippine Amusement and Gaming Corp. for opening a casino in Binondo, Manila despite the residents’ protests.

International News Brief: In a globalised world, Singapore’s Minister Mentor Lee Kuan Yew feels the decision on having a casino is something for the new generation of leaders to look at.

Only two Las Vegas resorts are reporting sellouts. Still, most Strip executives are sure their properties will be filled to capacity when the party hits town.

International News Brief: Harrah's Entertainment says it's interested in a planned Singapore gaming development that it will use to expand in Asia.

International News Brief: Malaysian police arrested four men for allegedly running an illegal soccer betting ring that raked in more than US$39.4 million over the past year, a news report said Tuesday.

International News Brief: Senator Aquilino Pimentel Jr. opposed yesterday yet another attempt to legalize the popular numbers game jueteng.

Las Vegas Sands Inc. has chosen the head of another casino company to oversee its operations in Macau, a Chinese gambling enclave that recently ended its casino monopoly, a newspaper reported today.

nternational News Brief: A leading South African Indian businessman, working to set up a casino resort in India on the lines of the one at Las Vegas, is hoping his venture will get the green signal.

nternational News Brief: The Hilton Taba hotel is expected to start operating its casino and some of its rooms by December following a suicide bombing at the site at the beginning of October that killed about 30 people, many of them Israeli.

International News Brief: Shun Tak Holdings, a property and entertainment group controlled by Macau casino tycoon Stanley Ho's family, will rent casino space to Ho's closely held firm for a sharing of revenue from gaming tables.

International News Brief: Religious and other conservative groups have been lobbying the Singapore government, both openly and behind the scenes, against building a casino there.