Asia News

Gambling: MGM Partner Said to Have Organized Crime Ties

The MGM Mirage is trying to sever its ties with MGM Grand Macau, claiming that the later's co-owner, Patsy Ho, is "financially dependent on her father, casino magnate Stanley Ho."  Addit

Submitted by Alejandro Botticelli on, Mar/18/2010

Macau Leader Pressures Casino Operators


Submitted by Guest on, Mar/16/2010

MGM To Leave Atlantic City Over Questions About Ho


Submitted by Guest on, Mar/12/2010

Sands China Revenue up 22 Percent

March 2 (Bloomberg) -- Sands China Ltd., Asia's biggest listed casino operator, said profit rose 22 percent last year as Macau visitors gambled more on card games and slot machines.

Net income increased to $213.8 million from $175.7 million a year earlier, Sands China, which has the second-biggest market share among Macau casinos, said in a statement to Hong Kong's stock exchange today. That compared with the $225 million mean estimate of four analysts surveyed by Bloomberg.

Submitted by Guest on, Mar/02/2010

Las Vegas Sands Losses Narrow: Macau 80% of Revenue

(Bloomberg) -- Las Vegas Sands Corp., the casino company expanding in Macau and Singapore, reported fourth- quarter earnings that met analysts' estimates as growth in the Chinese gambling market co

Submitted by Guest on, Feb/17/2010

Singapore Opens Its First Casino

(Reuters) - Singapore's first casino, a key part of a drive to boost tourism revenue and please wealthy visitors, opened its doors on Sunday, Lunar New Year -- the most auspicious day of the Chines

Submitted by C Costigan on, Feb/16/2010

International Game Technology Shuts Down Japan Operations

As part of its ongoing focus on operating efficiencies, International Game Technology (NYSE: IGT) today announced its decision to close its Japan operations due to ongoing difficult market conditio

Submitted by Guest on, Feb/11/2010

China Plans Online Gambling Crackdown

China plans to crack down on the online gaming and gambling industry, including the banks, financial institutions and websites that support it, the Ministry of Public Security advised in a statemen

Submitted by Guest on, Feb/09/2010

Asia Gambling Tycoon Stanley Ho in Grave Condition

One of the gambling world's most recognizable figures is said to be in grave condition.

Submitted by Jagajeet Chiba on, Feb/01/2010

Macau Sees Double Digit Growth

(Bloomberg) -- Melco Crown Entertainment Ltd. is seeking to regain market share as gambling in Macau returns to "double digit" growth for the first time since the global

Submitted by Guest on, Jan/18/2010

Casino Stocks Soar on Strong Macau Showing

HONG KONG, Jan 5 (Reuters) - Shares of Macau casino operators rose on Tuesday on reports that gambling revenues in the enclave in December rose 48 percent from a year earlier, signalling sustained

Submitted by Guest on, Jan/04/2010

Sands China a “Buy” Says Citi, UBS

HONG KONG (Reuters) - Shares in Sands China (1928.HK) climbed as much as 6.3 percent to their highest level in more than two weeks after Citigroup and UBS initiated coverage on the Macau unit of U.

Submitted by Guest on, Jan/03/2010

China Economic Review: Macau Rising

It is ten years since Macau returned to the People's Republic of China as an SAR and since then it has had almost nothing than phenomenol growth.

The 2008 per-capita GDP of Macao, which lies west of the Pearl River and is China's second special administrative region on the southeast coast of the country, stood at $39,036, a figure that ranks it second in Asia behind only Japan.

Submitted by Guest on, Dec/27/2009

Harrah’s Chief Wants to Bring Caesars Palace to Macau

Dec. 22 (Bloomberg) -- Harrah's Entertainment Inc.

Submitted by Guest on, Dec/23/2009

Macau Keeps The Dice Rolling

By Craig Stephen

Submitted by Guest on, Dec/20/2009

Asian Casino Magnate Stanley Ho Recovering Nicely

Macau casino magnate Stanley Ho, who has been hospitalized for the past four months, is likely to be discharged shortly. 

Submitted by Jagajeet Chiba on, Dec/09/2009

Sands China Down 10 Percent

HONG KONG, Nov 30 (Reuters) - Sands China's (1928.HK) weak stock market debut in Hong Kong on Monday signals a lack of investor appetite for a casino gaming company with a high valuation and an unc

Submitted by Guest on, Nov/29/2009

Sands Looks to Restart Macau Casino


Submitted by Guest on, Nov/16/2009

Soccer Officials Detained in China Over Gambling Probe

Hu Yinan, China Daily

Submitted by Guest on, Nov/05/2009

Betfair, William Hill Going to Enter India

By James Thompson

Tuesday, 27 October 2009

Britain's biggest betting companies are bidding for the first online gambling licence in India to gain a slice of the country's $60bn (£37bn) betting market. The high-street bookie William Hill, along with internet players Betfair and Bwin, are bidding for the internet licence in the Himalayan state of Sikkim in early September. A decision is expected in the next two weeks.

Submitted by Guest on, Oct/27/2009

Gambling Godmother Captured

SHANGHAI - The Chongqing Mafia cleanup that has been grabbing headlines across China for nearly five months got a whole lot more exciting this week when the only woman alleged to be a gang boss app

Submitted by Guest on, Oct/15/2009

Macau Eyes Curbs on its Booming Gambling Industry

HONG KONG -(Associated Press) - Macau may curb the growth of its booming casino industry with limits on the number of gambling tables and other restrictions, the government said.

The southern Chinese city's government met Monday with executives of six casino operators, including the local units of Las Vegas Sands and Wynn Resorts, to discuss a review of the industry, according to a government statement.

The companies all agreed the city's gambling sector shouldn't expand unlimitedly, the statement said.

Submitted by Guest on, Oct/13/2009

Gambling Surges in Russia Despite Ban

MOSCOW - (Associated Press) - Moscow authorities expressed concern Monday about the rise of "surrogate" gambling technologies such as lottery machines and online gambling three months a

Submitted by Guest on, Oct/05/2009

Macau Seedy Casino Industry a Goldmine

In an article published by the Sydney Morning Herald Tuesday morning, it is revealed how Macau's casino industry has flourished despite a worldwide economic crisis.  Gaming revenue has roared abov

Submitted by Jagajeet Chiba on, Sep/21/2009

Wynn Seeks $1.63 Billion for Macau

(Bloomberg) -- Wynn Resorts Ltd.

Submitted by Guest on, Sep/20/2009

Macau Gambling Revenues Hit Record

(Reuters) - Shares of Macau casino operators rose on Thursday on reports gambling revenues in Macau rose to a new high in August, signalling a faster-than-expected recovery in the world's largest g

Submitted by Guest on, Sep/03/2009

MGM Mirage and Chinese Organized Crime

The Daily News has reported that one of six bidders to run a Las Vegas-style video slots emporium in Queens has ties to Chinese organized crime.

Submitted by Jagajeet Chiba on, Aug/24/2009

What Does Illness of Stanley Ho Mean to Macau?

HONG KONG, Aug 6 (Reuters) - Veteran 87-year-old Macau gaming tycoon Stanley Ho is in intensive care after undergoing brain surgery to remove a blood clot, raising questions over the succession of

Submitted by Guest on, Aug/10/2009

Michael Phelps Invited to Attend Asian Poker Tour

The countdown is on to the The Asian Poker Tour Macau Festival which will run from August 12-23, 2009 at the

Submitted by Guest on, Aug/05/2009

Stanley Ho Recovering After Surgery

Macau gambling magnate, Stanley Ho, is recovering after undergoing surgery for an unspecified condition.   

News of the 87-year old's hospitalization emerged early Tuesday in Asia.

Submitted by Jagajeet Chiba on, Aug/04/2009

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