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September - October 1999
Asia & Australasia

25th October  Macau  Source: Wasington Times - Special reports


Stanley Ho: Macau's casino boss places his own bets
Betting on the future with China
 

13th October  Queensland  Source: AFR


  Sydney's Star City casino has began placing signs on its slots informing players where to get help if they believe they have a gambling problem. The casino has 1,500 slots in total. The move is perhaps as a result of the Australian Productivity Commission findings that around 330,000 Australians have a gambling problem.
    The casino has a self ban programme where players can bar themselves from the premises. Unusual is the fact that should the player then break their own ban and be caught on the premises they are liable to a AU$2,200 fine and prosecution. The "Pokie" has been identified as one of the leading culprits for causing gambling problems.
 

12th October  Manila   Source: Financial Times


    The Financial Times reported that with the intending handover of Macau back to China in December after 450 years of colonial rule, Stanley Ho has taken over as Chaiman of BW Resources, a small listed company that is moving into gaming.
    The stock closed at 97 pesos and is the biggest gainer on the Manila exchange this year - up 4,500%.
 

24th September  Queensland  Source: AFR


  Jupiters Ltd the Queensland hotels and casino group has launched a bid for AWA ltd. The bid values the company at $143 million.
    AWA operates Club Keno in 953 clubs across New South Wales and has recently taken the game into Star City, Sydney. Jupiter has a Keno game that is played in over 800 clubs, hotels and TAB agencies in Queensland.
    Jupiter had also tried to launch its Keno game in NSW but the relevations about problem gambling in the Productivity Commission draft report have meant the NSW Government has put the issue on hold.
 

22nd September  Queensland  Source: AFR


  Reef Casino Trust investors have agreed to the A$70 million takeover from the Casinos Austria/Accor partnership for the Cairns hotel and casino complex
    Accor will manage the 128 room 5 star hotel and re-brand it under the Sofitel name. Floated at A$1 in 1995 the share price had fallen as low as 3 cents.