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Report: Gaming revenue in Asia to increase

Report: Gaming revenue in Asia to increase Gross revenue from legal casino gambling in Asia will be an estimated $13 billion in 2006, a 20 percent increase over last year, according to a research report. The report by Globalysis, a Las Vegas-based firm that tracks Asia's casino gaming markets, said the estimate had a margin of error of 10 percent. It attributed the increase largely to new tourist facilities in Macau and "associated increased activity" at the Chinese enclave's renowned gaming centers. It said the biggest jump in revenue -- an estimated $4 billion -- would come in the fourth quarter of 2006,

Asia’s casino revenues to hit $US13b in 2006

Asia's casino revenues to hit $US13b in 2006 Casino revenues in Asia will increase 20 per cent to $US13 billion ($NZ19.08 billion) in 2006, driven by the strong growth of Macau's gaming industry, according to a report by Las Vegas-based consultant Globalysis. The casino business is taking off in Asia, with several governments in the region eager to attract more tourists and earn receipts from gambling, the report said, adding that the boom is likely to attract further investment from US-listed casino companies. Some of the biggest names in the gaming industry, such as Wynn Resorts Ltd, Las Vegas Sands Corp, MGM

Ayala Corp. lists Asias 1st hybrid preferred shares

Ayala Corp. lists Asias 1st hybrid preferred shares Hybrid preferred shares of Ayala Corp., one of the countrys largest conglomerates, will be the first publicly offered local currency hybrid capital in Asia. The shares, which will be listed in the stock market today, are expected to raise P5.8 billion. The preferred shares will pay a fixed dividend rate of 9.475 percent per annum to be paid quarterly. The hybrid capital has a perpetual maturity with an option from Ayala to call in five years, said HSBC treasurer Jose Arnulfo Veloso yesterday. HSBC and BPI Capital Corp. are joint issue manager

Asias rising security risk

Asias rising security risk Chinas growth and Japans military revival are increasing the chances of regional conflict, writes Eric Talmadge . It has been a rough few days. Steaming up the eastern coast of Japan, Commander Joseph Deleons guided missile frigate has been tossed around on heavy seas and the younger sailors, back from five months ashore, are feeling seasick. Grounded by high winds, helicopter pilots watch movies in the ward room. The primary mission is hunting submarines. But the Gary, like the US Seventh Fleet to which it belongs, is also a showcase of American power in a region fraught with

Asia Stocks Rise Most in 2 Years on Bernankes Economic Outlook

Asia Stocks Rise Most in 2 Years on Bernankes Economic Outlook Asian stocks rose the most in two years, mirroring gains in the U.S., after Federal Reserve Chairman Ben S. Bernanke said the worlds largest economy can withstand rising energy costs. Honda Motor Co., Samsung Electronics Co. and Infosys Technologies Ltd. advanced after gauges of manufacturing in the U.S., Asias biggest export market, exceeded expectations. Its a good chance to buy, said Takashi Kamiya, who oversees $16 billion as chief strategist T&D Asset Management Co. in Tokyo. Concerns about inflation may have been a bit overblown and the economic indicators