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Asia News - Page 98

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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.

Board Backs Sands Offering

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.

Japanese Returning to Las Vegas

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.

Macau to Learn from Las Vegas

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.

Caesars Official: Singapore's Restrictions to Deter Companies

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.

Malaysian Casino Plan Proposed

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.

Filipino Internet Casino Ordered Closed

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.

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.

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