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Asia News - Page 96

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Malaysian Cops Smash Betting Ring

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.

Filipino Senator Opposes Jueteng Legalization

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

Company Names New Leader For Macau Operation

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.

South African Businessman Bets on Indian Casino Venture

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.

Sinai Casino to Open in December

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.

Shun Tak to Lease Space to Casino

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.

Groups Protest Singapore Casino Plans

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.

Genting Shares Hit Eight Month High

International News Brief: Shares of Genting Bhd, Asia's biggest publicly traded casino group, rose to an eight-month high on expectations that its plan to develop Las Vegas-style casinos in Britain with the UK's Stanley Leisure Plc will bolster profit.

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.

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