Asia News - Page 97

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.

The Nevada Gaming Control Board on Friday endorsed a common stock offering designed to raise $575 million for the company building the $1.6 billion Palazzo megaresort on the Strip and expanding to Macau.

Saying sayonara to a recent widespread reluctance to travel abroad, an increasing number of Japanese are expected to visit the United States this year, a new study says.

ews Brief: In effect aiming to mirror the success of The Strip, which 20 years ago was only famous for its casinos, Macau hopes to use Las Vegas know-how to reposition itself as a destination for families, business conventions, sightseeing and shopping.

International News Brief: Mike Stirling, senior vice-president for international operations at Caesars Entertainment, said any entry restrictions the Singapore government may impose will most likely deter large-scale gaming companies from investing here.

International News Brief: A Malaysian government backbencher today suggested that a casino be built in Sabah to develop the state’s tourism industry and economy.

International News Brief: Pasig City Mayor Vicente Eusebio has ordered the closure of an Internet cafe operating as an eCasino shop at the Ortigas Center.

International News Brief: Coruscant Tec, an Indian mobile data content and applications firm, has linked up with UK based ADLM Ltd, a holding company for leading online casinos, to develop and distribute casino based mobile games worldwide including India.

International News Brief: Hong Kong police smashed the second illegal insect-fighting gambling ring in a month when they arrested 43 people for betting on battles between pet crickets, officers said on Tuesday.

MGM Mirage officials are denying news reports that the company is part of a team of U.S. investors that has signed or is about to sign a deal to build a "leisure complex" west of the South Korean capital.

International News Brief: The issue of legalising casino gaming in Singapore has so far proved every bit as controversial as it had promised to be.

IA Global Inc. reports that revenues would be $8,400,000-$9,000,000 for Q3 2004 at current exchange rates.

International News Brief: Indian bookmakers are now operating their businesses out of vans as a way to avoid police raids.

The first American-owned casino in Asia, the Sands Macau, exceeded all expectations with its first two months in operation.

International News Brief: Melco International Development Ltd will buy a one-half stake in a planned hotel and casino from Ho for HK$100 million ($13 million).

International News Brief: Some of Singapore's top CEOs have come out strongly in favour of opening a casino here, for a variety of reasons.

Prof. I. Nelson Rose: The explosion of legal gaming that is sweeping the world has finally reached Asia.