It has more than 74,322 sqm of exhibition space
(Macau).- The Venetian Macao has been recognized as the best MICE (Meeting, Incentive, Convention and Exhibition) Hotel in Asia for the second year running, and was awarded second place for best MICE Sales Team in Asia in the CEI Asia 2009 Industry Award after 16 months of opening.
(Singapore).- TCS John Huxley announced the promotion of Tristan Sjoberg to Managing Director for the Asia region. He will take up his position from the 1st of February and will relocate to Singapore shortly thereafter.
Some operators seem to have found a gambling haven in Santa Cruz, Bolivia
(Russia / Bolivia).- With Russian regulations constricting gambling to just four cities by mid-summer, operators are looking for new opportunities in South America, reports the British Broadcasting Corporation.
Gaming revenues slumped 7 % in the three months to December 31
(Macau).- James Packer’s Macau casino joint venture has been hit by further headwinds with gaming revenues in the territory falling for the third consecutive quarter. Gaming revenues in Macau slumped 7 % in the three months to December 31 to 24 us$ 4.5 billion, compared to growth of up to 67 % in 2007. They include bets on table games and on poker machines in casinos.
Simsek stated that K2Network’s Turkish operations had produced large profits
(Turkey).- In Turkey, the Telecommunications Directorate (TIB) watchdog has asked the Ministry of Finance to levy a tax on Internet gaming after an investigation allegedly produced irregularities within the sector.
Besides, there was a slowdown in China and Hong Kong visits
(Macau).- Tourists arrivals to Macau rose 11% to 30.2 million in 2008, though the growth in visitors from mainland China and Hong Kong slowed, the Macau Government Tourist Office said Wednesday.
The total amount of the two orders exceeds us$ 8 million
(Macau / Philippines).- Gaming Partners International Corporation informed that it has secured two substantial orders to supply casino chips and RFID technology to two casinos, one in Macau and the other in the Philippines, each due to open in the middle of 2009.
Until February 27
(Turkey).- The bidding process for the privatization of the Turkish national lottery, Milli Piyango, has been extended by a little more than one month from its January 15 deadline at the request of investors.
Lawrence Ho said he was enthused by the approval of Taiwanese casinos
(Macau).- Macau gambling heir Lawrence Ho is looking to expand his empire to Taiwan as it ends a decades-old ban on casinos - but not if it risks upsetting China, which claims sovereignty over the island.
MPEL to cut costs as the Macau casino industry continues to be hit hard
(Macau).-James Packer’;s gamble on casinos has already cost him billions but the workers at his Macau investment are the latest to pay the price. Crown Macau staff have taken a haircut of up to 8 % on their wages after government officials gave Packer’;s consortium, Melco Crown Entertainment, permission to slash their salaries.