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Asia News - Page 97

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Gambling Goes Mobile

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.

Hong Kong Police Bust Gambling Ring

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.

Company Denies Reports on South Korea

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.

Controversy Fills Singapore's Casino Debate

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 Increases Revenue Guidance

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

Betting on Wheels

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

Gambling Beyond Nevada: Sands Macau Off to Roaring Start

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

Melco to Buy Macau Stake From Chairman

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).

Singapore's CEOs Support Casinos

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.

Casinos Coming to Asia

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

Poodle Exposes Illegal Gambling Ring

International News Brief: A thai woman's vehement denials that she was running an illegal gambling network were scuppered when her pet poodle was found playing with betting slips in her back garden, police said.

IA Global Subsidiary, Rex Tokyo, Establishes Joint Venture

IA Global Inc. reports that Rex Tokyo has signed an agreement to establish a joint venture company in Japan on September 6, 2004.

Israeli Town Wagers on a Racetrack

International News Brief: It seems a far-fetched scheme for this farm village: With outside investors, community leaders want to build a track for horse racing, although Israelis hardly know the sport.

Tourism: Las Vegas Officials Keeping Eye on China

With an appetite for a different type of Chinese take-out service, the Clark County Commission will on Wednesday discuss a $360,000 consulting contract some hope will expedite the start of direct passenger flights between Las Vegas and China.

South Korean Gaming Tax May Fund Local Areas

International News Brief: Funds from the South Korea special excise tax on horse and bicycle racing tracks and casinos may be reallocated to local governments to secure financial resources for local areas.

South Korean Casinos to Open in 2005

International News Brief: After a 10-year lull, three new foreigner-only casinos will open in an effort to meet the needs of the increasing number of tourists, to promote the flourishing tourism industry and create new jobs, a South Korean government official said Friday.

Singapore Developers Partner with Gaming Operators

International News Brief: Local property developers look set to muscle in on a Singapore casino by joining forces with foreign gaming operators, industry sources say.

Macau's Gambling Growths Worries Some

International News Brief: The gambling industry's growth boosted GDP by 25 percent in the first quarter, but some warn that Macau must diversify its economy.

Indian Bookies Pick Election Favorites

International News Brief: Bookmakers in Mumbai say the betting rates right now show that the Congress-NCP combine and its alliance partners will win the Maharashtra Assembly elections.

Singaporeans Split Over Casino Idea

International News Brief: Singaporeans are split over the idea of allowing a casino to be opened in the island state even with restricted entry, according to a recent survey.

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