Hong Kong News - Page 2

With the fallout of the tightened gaming and gambling laws in the US now becoming clear it is with interest that the gaming industry looks further a field for new long term revenue streams with Mobile Gambling set to be a major strategy in the Asia Pac region .

International News Brief: Hong Kong investors are betting on Cambodia’s NagaCorp., which on Wednesday floated the first initial public offering for a gambling company in Hong Kong.

International News Brief: Hong Kong is reeling after a prominent lawyer representing the Winnie Ho, estranged sister of Macau casino tycoon Stanley Ho, in a bitter feud was beaten by three men wielding baseball bats.

International News Brief: The Hong Kong racing season concluded on Sunday with approximately $7.73-billion in total handle, a 4.3% decrease from the 2004-'05 season and the continuation of a ten-year slide.

International News Brief: Hong Kong Correctional Services staff will increase surprise searches, night raids and joint searching operations in penal institutions during the World Cup to stem soccer gambling activities.

International News Brief: Hong Kong may not have a team at the World Cup but that has not stopped interest reaching stratospheric proportions because of the craze for soccer betting.

International News Brief: Eighty two percent of people surveyed in the city of 6.8 million said they thought that Brazil would make the final of the World Cup tournament and 63 percent said the South American football giant would win it.

International News Brief: The deal as currently priced would value the two companies' Macau casino holdings at more than $5 billion.

International News Brief: Mobile gambling is touted as one of the big revenue drivers for mobile data services in the next five years.

International News Brief: The Hong Kong Jockey Club, the Chinese territory's only legal gambling forum, is raising its bets on hedge funds.

International News Brief: The Executive Council of Hong Kong has approved proposals to reform horse race betting's duty system in an effort to combat illegal gambling.

Dynasty Gaming Inc. has signed of a Letter of Intent with the Ho Group to form Ho Majiang.

International News Brief: The overall participation rate in gambling activities have remained stable in Hong Kong in recent years, a Hong Kong University survey said Wednesday.

The international successes of Hong Kong racehorses and racehorse owners are now to be complemented by an award that will acknowledge achievements in thoroughbred breeding.

International News Brief: NagaCorp, a Cambodian casino operator owned by Malaysian tycoon Chen Lip Keong, is planning to float its shares on Hong Kong's stock exchange after its listing plan was rejected by Singapore two years ago, sources said.

Cmate Ltd and SmarTone-Vodafone have signed an agreement to provide SmarTone-Vodafone's customers with Cmate's multiplayer mobile games.

International News Brief: A group of skilled gamblers cheated professional accountants of up to HK$620,000 at a time in games of 'show hand,' a district court heard Wednesday.

International News Brief: Illegal bookmakers, widely believed to be draining billions of dollars from the Jockey Club are being squeezed out thanks to the legalization of soccer betting two years ago.

International News Brief: The government should consider allowing the establishment of casinos mixed with hotel and convention facilities to boost Hong Kong's tourism industry, according to a legislator.

International News Brief: Macau fever and the ensuing mania for the enclave's plays may have cooled in recent months, but it's not too late to take a punt on Shun Tak Holdings Ltd.