Revenues fell 3.4 % to us$ 873.4 million in September from a year ago
(Macau).- Shares in Macau gambling stocks slid yesterday as investors feared Chinese restrictions on travel may dent the SAR’s three-year casino boom, boding ill also for global operators such as Las Vegas Sands, according to Reuters.
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| It would open in approximately 6 months |
AMZ Holdings announced new gaming development in Philippines
(Philippines).- AMZ Holdings, the AIM listed hotel and leisure company seeking to build Taiwan’s first world class hotel and casino resort, announced its first new emerging gaming development in Puerto Princesa, the principal city on the Island of Palawan in the Philippines.
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| A 18 % increase from last year |
South Korea: Busan casino market flourishes
(South Korea).- Casinos in Busan are flourishing due to the increase of foreign gamblers stopping by the country’s largest port city, according to industry figures released last week.
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| The Entertainment City is expected to pull in total investments of us$ 15 billion |
Construction of Philippines’ Las Vegas version to start by 2009
(Philippines).- After several hurdles - ranging from regulatory to moral issues -the construction of Entertainment City, touted as the Philippines’ Las Vegas version, is finally set to start by early next year.
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| Harbinger Capital |
Vietnam casino developer eyes us$ 1 billion Hong Kong IPO
(Hong Kong).- A Canadian firm developing an ocean-front casino complex in Vietnam hopes to raise us$ 1 billion in a Hong Kong IPO in the next two years, a local newspaper reported, despite signs of weakening Asian gambling revenue.
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| Restrictions may continue until the first half of next year |
Visa curbs hit Macau´s casino
(Macau).- Macau’s booming casino sector ground to a halt last month, after Beijing imposed restrictions on visits by mainlanders to the city, the South China Morning Post reported this week.
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| Organized by industry publication eGaming Review |
AsianLogic wins Asian Operator of The Year Award
(UK / Hong Kong).- Hong Kong-based online gaming software developer and operator AsianLogic Limited won the Asian Operator of the Year award at the recent eGaming Review Industry Awards 2008 in London.
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| Casino exclusion orders are issued by NCPG under the Casino Control Act |
29,000 Singaporeans to be banned from casinos
(Singapore).- When the first casino at Marina Bay opens in the third quarter of next year, some 29,000 Singaporeans will find themselves banned from walking through its doors.
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| Goa is the only Indian state to allow off-shore casinos |
NGOs protest against casinos in Goa
(India).- After launching campaign against Special Economic Zones, Coastal Management Zone and controversial Regional Plan, the civic groups in Goa have focused their energy towards increasing casino activities in the state.
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| As Asian Las Vegas seeks to cool growth |
Visa limits in Chinese Macau hit gambling stocks
(China / Macau).- A report that China is imposing new visa restrictions for visitors to Macau is taking a toll on US gaming stocks with properties in Asia’s Las Vegas. The South China Morning Post said that Mainland authorities have quietly changed the visitation policy for the residents of the southern Chinese province of Guangdong.
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| Poker revenues were up 760% to us$ 2.6 million |
AsianLogic Limited revenues increased 208%
(Hong Kong).- In its interim results for the six months that ended on June 30th, revenues for Asian Logic skyrocketed 208% according to a report released to the London Stock Exchange. Its total revenues jumped to us$ 54.9 million, up from us$ 17.8 million in 2007.
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| With the aim to cool the city´s spectacular growth |
China toughens visa restrictions on visitors to Macau
(China/ Macau).- Beijing has further tightened restrictions on mainland visitors entering Macau, a report said this week, in the latest sign authorities are trying to put the brakes on the gaming haven’s stunning growth.
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