Tuesday, November 14, 2006

Britain-based betting exchange Betfair, has teamed up with local operators
Capital Events for the six-day Asian Poker Tour. More than 370 players have
paid the $US5000 buy-in for the main event which begins on Wednesday at the
Meritus Mandarin Hotel. Qualifying starts today, and players from 32
countries, including Singapore, will be after the prize pool of about $US2
million, the company said. "Betfair has become the first gaming company
permitted to present a poker tournament in Singapore," the company said in
an earlier statement. The Straits Times newspaper quoted Oliver Chong, an
official of the Singapore Tourism Board, as saying the event brings
"significant opportunities to profile Singapore." The city-state is a
majority ethnic Chinese country where betting is allowed through official
outlets. Last year Singapore lifted a four-decade ban on casinos despite
strong domestic opposition, saying two planned casino projects would boost
the tourism sector and draw more visitors. Singapore awarded Las Vegas Sands
a licence to build one casino development, which is to open in 2009. The
winner of the second licence is to be announced next month.