Singapore News - Page 17

International News Brief: Kerry Packer's Publishing and Broadcasting Ltd and Tabcorp have firmed as possible winners of Singapore's multibillion-dollar casino developments following a further shake-out of potential bidders.

Hotel Properties Ltd. and Metro Holdings Ltd., which were last month named on a shortlist of 14 groups bidding to develop a casino resort in Singapore, no longer plan to continue with their joint bid.

International News Brief: An inter-ministry task force has been set up to deal with loan sharks and money laundering in Singapore.

Las Vegas Sands Corp. reports that the Singapore government has selected the company, among others, to participate in the Request for Proposal process which will lead to the building of an Integrated Resort.

Harrah's Asia Pte Ltd., and Keppel Land, Ltd., have been invited by the Singapore Tourism Board to submit joint proposals for two integrated resorts in the Republic of Singapore.

International News Brief: The casinos in the two integrated resorts in Singapore could generate revenue of as much as $2 billion a year.

Wynn Resorts has been notified by the Singapore Tourism Board that it has qualified to participate in the Request for Proposal for an Integrated Resort that will be issued by the Singapore Government in the second quarter of 2005.

MGM Mirage reports that it, along with its partner CapitaLand, has been invited by the Singapore government to submit a joint proposal for an integrated resort complex in the Marina Bayfront.

International News Brief: Singapore has eliminated at least one Hong Kong bidder from the competition to open a casino resort in the city state.

International News Brief: Specialist infotech firms offering niche solutions for casino operators could hit the jackpot once the two integrated resorts come up in Singapore.

International News Brief: Tabcorp is expected to team up with Village Roadshow for the next round of proposals for Singapore's two casino and resort projects which could be valued at more than $5 billion.

International News Brief: Singapore, which lifted its ban on casinos this week, probably won't cut gaming revenue at Macau because the cities are vying for different markets, analysts such as Karen Tang say.

International News Brief: Several Asian countries are easing restrictions on casinos, taking a bet that Las Vegas-style gambling halls will attract more tourists and create jobs.

International News Brief: Tourism Academy at Sentosa begins training second year students of the Hospitality and Tourism Diploma course from Temasek Polytechnic to fill the 35,000 jobs that will be created by Singapore’s new casino resorts.

Singapore announced Monday that it would allow construction of a pair of Las Vegas-style casinos, giving two gaming operators a potential for a significant revenue jump by the end of the decade.

International News Brief: Most analysts and industry watchers are decidedly bullish over the economic prospects and spin-offs an integrated casino resort will bring to Singapore, although social costs are still hard to quantify.

International News Brief: The Government will set up a comprehensive national framework to tackle problem gambling in Singapore.

Singapore scrapped a four-decade ban on casinos to boost tourism, clearing the way for companies including Las Vegas Sands Corp., Wynn Resorts Ltd., Harrah's Entertainment Inc. and MGM Mirage to compete for the right to build two entertainment complexes in the city.

International News Brief: Most Singaporeans were not surprised by the Government's green light for the integrated resorts-cum-casinos.

International News Brief: Singapore will allow two integrated casino resorts to be built, one at the Marina Bayfront and another on Sentosa, Prime Minister Lee Hsien Loong revealed in Parliament on Monday.