Singapore News - Page 21

International News Brief: As underground bookies in Asia increasingly look outside the region for online gambling licenses, big gaming companies are urging Asian governments to fully legalize Internet betting.

International News Brief: Asia's casino war heated up today with gambling tycoon Stanley Ho's group saying it would invest U.S. $380 million in Macau and an American gaming giant announcing it would hold "exploratory talks" with Singapore.

International News Brief: Online gambling service Betfair, has embarked on an expansion plan in Asia by lobbying governments and the handful of existing legal bookies for recognition and alliances.

International News Brief: The Singapore government took the unusual step Friday of appealing for residents' comments on whether the city-state should open its first casino.

International News Brief: The Asian Football Confederation has praised the respective governments of Thailand, Malaysia and Singapore for their vigilance on cracking down illegal betting for the Euro 2004.

International News Brief: Genting Bhd, owner of Asia's biggest publicly traded casino, said a plan by the Singapore government to set up a casino in the city state may hurt the Malaysian company's earnings.

International News Brief: The Singapore Government will decide on whether to allow a casino to open in the next six to nine months.

International News Brief: The world's gaming giants MGM-Mirage, Caesars Entertainment and Venetian Sands are betting that Singapore will capture a good slice of Asia’s gambling pie.

International News Brief: Last year, 1,556 people signed up for counselling in the Community Addictions Management Programme at the Singapore Institute of Mental Health, 46 per cent more than in 2002.

International News Brief: An United Overseas Bank Card Center executive diverted money into his own account and got cash advances on his credit cards when gambling at casino cruises.

International News Brief: Las Vegas Sands Inc. has approached the Singapore Government about developing a multi-million dollar gaming venue here, the company president said.

International News Brief: Singaporeans spend close to US$1 billion a year in foreign casinos and having one here will not only plug this leak, but also give the convention industry a boost, according to a consulting company.

International News Brief: Police busted an illegal gambling den and arrested 28 people in a Joo Chiat shophouse.

International News Brief: According to Second Finance Minister Lim Hng Kiang, charities now being supported by Singapore Pools have been assured they will continue to receive funding after the gaming operator is acquired by the Totalisator Board.

International News Brief: According to Second Finance Minister Lim Hng Kiang, a private company will probably run the casino that the Singapore government is mulling over on one of its southern islands.

International News Brief: Monetary Authority of Singapore is going through Australian casino operator Lasseters International Holdings's prospectus with a fine-tooth comb and is likely to extend the review period before the prospectus is registered.

International News Brief: Singapore will decide in about six to nine months whether to allow a casino on the island after a study of the implications.

International News Brief: The Singapore government says it is aware of the social problems casinos can create, but it is still considering allowing one to be built here to attract gambling tourists, according to a government official.

News Brief: Lasseters International Holdings Ltd has cleared a hurdle to a listing on the Singapore Exchange.

International News Brief: In Singapore, a former finance manager with one of Asia's largest brewers has been sentenced to 42 years in jail for cheating German and Japanese banks out of $US70 million.