Asia News - Page 97

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.

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

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.

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.