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Visit www.Balita.com PACQUIAO


From page 1 statement said.


“Manny Pacquiao is one of the great- est fighters of all time, and we apologize if anyone construed our prior remarks as in any way claiming or even suggesting that Manny uses or has used performance enhancing drugs.” Pacquiao has never tested positive for performance-enhancing drugs, and in his original 2009 lawsuit


SINGAPORE From page 1


ary 2010, with US-based Las Vegas Sands following two months later as the world economy was still clawing itself out of recession. Asia’s strong growth in the gaming industry stands in sharp contrast to US venues such as the Las Vegas Strip, previ- ously a byword for gambling but which is now suffering the effects of the global downturn.


The Sahara, an iconic Las Vegas hotel that once hosted names such as Elvis Presley, Jerry Lewis, Frank Sinatra and the Beatles, closed its doors last month, even as many Asian casinos are planning expansions.


Fahrenkopf said the potential in other Asian countries would also help spur growth, with several multi-billion dol- lar casino development projects due for completion over the next two years. “Other developments in Asia are help- ing to clearly establish the region as the hottest gaming market in the world,” he said, noting the sector is expanding at record levels in Cambodia and Laos, while Sri Lanka is set to implement legal


Las Vegas


June 8, 2011 Balita


he claimed that Mayweather, his father Floyd Snr and uncle Roger along with de la Hoya and Schaefer “conducted a campaign in a set of interviews to make people think he used them.” Talks on a Pacquiao-Mayweather mega-fight bogged down over Mayweather’s demand that both fighters have blood and urine tests up to 14 days before the bout. Pacquiao said he would feel weakened by blood tests within 24 days of the fight and would not agree to


gambling next year.


He said the rapid growth in Singapore would not threaten Macau’s position, say- ing the former Portuguese colony has seen “dramatic growth in almost every measur- able category”, after it opened its doors to foreign competition. But he urged Macau to deal with labour shortage and infrastructure issues, as well as a cap of 5,500 gaming tables allowed before 2013, which could dampen growth. Macau’s gaming scene was monopo- lised by tycoon Stanley Ho for decades until it opened to foreign competition in 2002. Since then, a stream of Las Vegas- based gaming companies have flooded into the southern Chinese city.


Gambling revenue in Macau, the only place in China where casinos are legal, surged to a new record in May with a 42 percent jump year-on-year at 24.31 billion patacas ($3 billion) -- a record high for the fourth month in a row.


“Macau should continue to benefit from strong momentum after the successful opening of Galaxy Macau casino, which is driving visitations,” JP Morgan said in reference to the city’s newest resort casino, according to Dow Jones Newswires. ■


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