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A Hong Kong tycoon is facing prosecution for alleged bribery and money laundering in connection with a government land sale on the Cotai casino strip in Macau, his company said.

HK tycoon Lau rejects Macau corruption charges Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 12:57 a.m., Friday, May 25, 2012 HONG KONG (AP) — Shares of a Hong Kong tycoon's property company tumbled Friday after he insisted he was innocent of bribery and money laundering charges filed by ...

HONG KONG (Reuters) - Hong Kong tycoon Joseph Lau, who heads developer Chinese Estates Holdings , will face prosecution over bribery and money laundering in a land deal in Asia's gambling capital, Macau, Chinese Estates said in a statement on Thursday. A court in Macau on Wednesday formally accepted an accusation by the public prosecutor that Lau had a case to answer on the charges, the company ...

HONG KONG (Reuters) - Joseph Lau, the flamboyant tycoon who heads developer Chinese Estates Holdings , will face prosecution over bribery and money laundering in a land deal in Asia's gambling capital, Macau, the second high-profile corruption case involving a Hong Kong property company in two months. Hong Kong's clubby business community is already captivated by the arrests in late March of the ...

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Galaxy plans $2.1B Macau casino expansion Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 02:46 a.m., Thursday, April 26, 2012 HONG KONG (AP) — Galaxy Entertainment Group plans to double the size of its flagship Macau casino in a $2.1 billion expansion as it seeks to win over more ...

Casino industry leaders met in the world's richest gambling hub of Macau on Tuesday for the Global Gaming Expo Asia, a three-day feast of gambling innovations, at the glitzy Venetian Macau hotel.

MACAU (Reuters) - Gaming executives and industry players gathering for a convention in Macau on Tuesday may have to finally confront what they have been predicting for the past two years -- a sharp slowing of growth in the world's hottest gambling market. As China's economic expansion slows and high rollers from the mainland become more cautious, growth in Macau's gambling revenue could ease to ...

US gaming mogul Steve Wynn said Wednesday his Macau business had received approval to build a new casino in the southern Chinese city, the world's biggest gaming hub.

MACAU - Russia is betting on a gambling and entertainment zone near its eastern port city of Vladivostok to lure investors who have spent big bucks on casinos that cater to Asian gamblers in the likes of Macau and Singapore, in particular cashed-up Chinese.