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Asia News - Page 96

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South Korea's Casino Godfather Passes Away

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.

Melco May Buy Casinos from Chairman Ho, Paper Reports

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.

Harrah's to Use Access to Capital in Singapore Pitch

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 Loss Decreased

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.

South Korea to Open Two New Casinos

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.

Singapore Resort May Follow Vegas Concept

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.

Singapore May Call for Casino Proposals Soon

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.

Philippine Bishops Clash Over Gambling

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.

Chinese Journalists Look to Profile Las Vegas's Nongambling Side

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.

Melco to Raise Funds for Macau Casino

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.

Nevada, Las Vegas Court Chinese Contingent

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.

Malaysian Gaming Companies Dominate Limelight

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.

Gambler Kills Wife, Sets Apartment on Fire

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.

Britain's Betting Fever Pale Compared to Hong Kong's

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

Chinese Soccer Manager Blames Gambling

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.

The Die Is Cast - Casinos Short Of Workers

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.

South Korea Betting On Foreign-Owned Casinos

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

Skynet in Talks to Build Macau Hotel-Casino

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

Genting Aims to Grow

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.

Cleaners Strike Macau's Sands

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.

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