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Now that the Filipino Poker Tour is on its last leg as I speak, the Asian Poker Tour is lingering on the sides. The whopping 1 million dollar even is sure to call all kinds of poker enthusiasts.

Buy-in for the said event is $2,500 with a guaranteed $1 Million in the bank. Participating countries are (Korea) Seoul, (China) Macau, (Philippines) Manila and Singapore. Surely all the top dogs in poker will represent their country with patriotic intensity.

One of the most successful Filipino poker players/ Promoter is also awaited in this colossal tournament would be the Philippines own Nick Galan. Being seen in all over the Philippines’ top poker tables and casinos, this poker juggernaut would surely test all the competitors.

Incase you can’t wait to play, there’s always an online service that is sure to cater to your needs. If you want to play against the best or just play try to visit Pokerstars.com, it sure would supply you with every possible poker game you can think of.

The companies said they stopped taking the ads years ago. The settlement was announced by Catherine L. Hanaway, the United States attorney for eastern Missouri, who said the investigation, conducted by her office, the Internal Revenue Service and the Federal Bureau of Investigation, dated to 2000. Negotiations have been going on for 12 to 18 months, she said.

Microsoft’s $21 million portion of the settlement includes a $4.5 million forfeiture, $7.5 million to be paid to the International Center for Missing and Exploited Children and $9 million in public service ads over a three-year period, starting next year.

The public service campaign will aim the message that online gambling is illegal at those of college age and younger.

“We’re hopeful that our educational campaign will stop young people from gambling before they start,” the company said. Yahoo’s $7.5 million share of the settlement includes a $3 million forfeiture and $4.5 million in public service ads over three years.

Google will pay $3 million. A spokesman, Jon Murchinson, said the ads were in sponsored links at Google.com and other Web sites that belong to its ad network. “While we did not admit any wrongdoing, the Department of Justice has advised that online gambling is illegal in the United States, and ads to promote it are improper,” he said.

The Grand Lisboa Casino in Macau attracts boards of gamblers from China who take few breaks, leading some to wonder if Las Vegas-style resort facilities hold any attraction to them. — AP

The 58-year-old property developer said he won US$3,840 ($5,800) at the Las Vegas-style Wynn Macau casino hotel, then lost US$7,680 at the Grand Lisboa.

But he was more interested in talking about how Macau would profit from the increasingly wealthy Chinese who have a reputation for wagering more than Americans.

‘I’ve been to Macau more than 10 times and I’ve even been to Vegas,’ said Mr Cao. ‘They need to have more baccarat tables there.’

It’s gamblers like Mr Cao who have helped Macau bump off Las Vegas as the world’s gambling centre.

The city raked in US$6.95b in gambling revenue last year, while the Las Vegas made US$6.69b, regulators in both cities said.

Macau says it’s just getting started. More casinos, malls, convention centres, resorts and thousands of hotel rooms are being built in the city, which has a population of just over 500,000.

RISKS

Casino operators say they’re certain that booming China will get even richer and millions of new gamblers will flood into the casinos.

They plan to follow the same blueprint that successfully transformed Las Vegas from a seedy casino town to a global hot spot for dining, shows, conventions and shopping.

‘Macau is the safest bet on Earth,’ US casino tycoon Steve Wynn, who opened his US$1.2b Wynn Macau resort in September.

But some analysts warn of risks.

China could suffer political upheaval an economic meltdown. New gambling resorts in Singapore and elsewhere in Asia could lure away visitors. Or the shoppers, convention attendees and families just might not show up as they did in Las Vegas.

‘I think things could get pretty ugly there pretty fast,’ said Mr Matt Hoult, a portfolio manager at ABN AMRO Asset Management. He predicts Macau is facing a glut in hotel rooms.

Macau’s dreary side is easy to find. Beautiful buildings are far outnumbered by drab apartment blocks. In the old casino district, streets are lined with small stores illuminated with headache-inducing lights crammed with gaudy jewellery.

In the late 1990s, gangs waged turf wars with drive-by shootings, kidnappings and car bombs that scared away tourists.

The violence mostly ended after the 1999 handover.

But the biggest change was the Chinese government ending Mr Stanley Ho’s 40-year monopoly and allowing foreign developers to move in. The newcomers have created a big new buzz that has produced spectacular growth numbers.

Gambling revenue has more than doubled to US$6.95b since 2002. Visitor arrivals hit a record high of almost 22 million last year.

Much of that extra money and tourist traffic is ending up in Mr Ho’s casinos.

‘We have an expression in Chinese,’ said machinist Wu Haihua as he gambled at Mr Ho’s Grand Lisboa.

‘When a business is good, the demand gets even bigger when more join in.’ full story

tags: Macau, Macau casino, Singapore casino

tags: Genting International, Singapore Casino, Sentosa Casino, Stanley Ho

The River City Group is to host its fifth annual conference aimed at bringing iGaming companies together to diminish the cultural gap between the East and West and capture their most sought after market: Asia.
Located in the luxury Mandarin Oriental Hotel in Macau on February 26-27, the Pacific Congress on iGaming projects itself as the solution for global iGaming companies willing to expand their knowledge base to the necessary level to cater to the Asian markets and retain customer loyalty. The conference has been designed for growth, interaction, and exchange of expertise among regional executives and prospective business partners taking on the Pacific market.
River City Group CEO Sue Schneider confirmed that representatives within the Pacific Region, which include Asia, the Philippines, Australia, and New Zealand and are expected to among an attendance, forecasted to be higher than in previous years.
The conference is set to include various idea-exploring seminars that have been designed with the Asian market in mind. Confirmed topics include:
- Asian Culture / Market Discussion for Westerners.
- Exploring Solutions for Payment Processing.
- The Rise of Mobile Gambling.
- Lottery / Gaming Operation in China
- Asian Players and Poker?
- Player – to – Player gaming.
- Macau – The New Vegas!
- Horse racing in Asia.
On the sponsorship front, Playtech has been confirmed as the Title Sponsor for the event, with the cocktail reception, which stages key social and business networking opportunities, being sponsored by Continent 8 Technologies. Other sponsors include FunTown, Microgaming, Everest Poker, and FutureBet.
Additional information can be found at www.rivercitygroup.com/pcig