Jonathan Galaviz News
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Genting Singapore Plc and Las Vegas Sands Corp. reported the lowest gaming revenue in at least 18 months at their Singapore casinos, signaling slower economic growth and tighter rules are restricting spending by gamblers.
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Singapore opened its second cruise terminal as operators including Royal Caribbean Cruises Ltd. seek to tap the region’s growing appetite for travel and make up for slowing demand in Europe.
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Universal Entertainment Corp. , a Japanese pachinko game maker and the biggest shareholder in Wynn Resorts Ltd., plans a Hong Kong initial public offering within three years for a unit that is building a $2.7 billion Manila casino resort.
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Casino billionaire Francis Lui fakes a puzzled frown as he poses for a photo shoot behind a mountain of chips at a baccarat table normally reserved for high rollers who bet as much as $250,000 a hand.
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Las Vegas Sands Corp. Chairman Sheldon Adelson said the planned sale of the casino operator’s Macau malls and apartments may raise as much as $12 billion and recoup their construction costs.
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The three-day public wrangle over Stanley Ho ’s casino empire took yet another twist as a lawsuit accused family members of illegally taking control of his assets, a day after the Macau billionaire said the dispute was settled.
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For 15 minutes, 11-year-old Lily Li stared through a glass panel at hammerhead sharks and bluefin tuna in Hong Kong’s newest attraction, Aqua City.
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Billionaire Steve Wynn said he will build a third resort in Macau while skipping potential opportunities in Las Vegas because the Obama administration’s policies “do not encourage investment.”
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Casino revenue in Macau, the world’s biggest gambling hub, rose 40 percent to 15.8 billion patacas ($2 billion) in August after SJM Holdings Ltd. and its rivals added tables for high-stakes bettors.
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Singapore’s casinos have attracted more than three million visitors, created thousands of jobs and spurred spending at hotels, restaurants and shopping malls. They’re also keeping the courts busy.
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