Asia News - Page 97

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.

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.

The owner of the Venetian is facing another lawsuit related to the company's lucrative casino in the Chinese enclave of Macau.

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.

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.

International News Brief: Kerry Packer has joined forces with one of Asia's most colourful businessmen, casino tycoon Stanley Ho.

International News Brief: The Hong Kong Liberal Party wants to build European-style tourist-only casinos on Lantau Island.

International News Brief: Singapore's plan to build a controversial casino received backing Wednesday from a panel advising the city-state's tourism board.

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.

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, Limited has agreed to sell 7,500,000 shares of its common stock to Deutsche Bank Securities Inc.

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.

Slot Expert John Robison answers your slot and video poker questions.

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.

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.