Casino News – Final talks underway for Japan IR Bill
Japan’s Parliament is currently undergoing final deliberations with the country’s Prime Minister, Shinzo Abe, regarding the objective to bring the Integrated Resort Implementation Bill (IRIB) to fruition. Integrated Resorts are large -scale casino-hotels that foreign investors are looking to bring to the country in efforts to boost economic growth, but for years have faced stagnation due to the Japanese officials’ reluctance to…
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Wynn dealers win big and Japan gambling bill draws criticism
Wynn dealers win big in U.S. Supreme Court decision The U.S. Supreme Court has dealt casino floor dealers at Wynn Resorts properties a winning hand after refusing to consider a petition by the casino giant seeking to overturn a lower court ruling that dealers employed by Wynn should not be required to pool their tips. Dealers at Wynn resorts properties…
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Casino News – Macau revenues up nicely in May
Macau revenues up nicely in May It seems the express strain of growth in Macau casino revenue is showing no signs of slowing down, as the former Portuguese enclave posted an impressive 12% rise on casino revenues year-on-year for the month of May to chalk up $3.16 billion in earnings. While falling short of the 16-20% growth forecast by analysts,…
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Casino News – Delaware launches sports betting, Pennsylvania opens online lottery games and Las Vegas goes green
Delaware launches sports betting Delaware has become the first state outside of Nevada to offer legal sports betting with bookmakers at three casinos in the small eastern state pulling in $320,000 in earnings the first day. Offering punters the chance to place single-game wagers on professional sports, including the National Basketball Association (NBA) and Major League Baseball, tiny Delaware has…
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Casino News – Ho dumps Russia stake, looks to Japan
Casino billionaire Lawrence Ho has acknowledged giving up his stake in Russian casinos last year in a bid to improve his chances of winning a casino license in Japan, according to the Nikkei Asian Review. Ho, who is the chairman of Hong Kong based Melco Resorts & Entertainment, which operates five major integrated casino resorts in Macau and the Philippines,…
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Casino News – US Supreme Court rules to allow sports betting
This week saw a number of major news developments across the United States, the UK and Southeast Asia. Here’s the weeks highlights in brief. US Supreme Court rules to allow sports betting In a decision with far reaching implications, the U.S. Supreme Court ruled this week in favor of New Jersey in the case of Christi vs NCAA, overturning the…
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Casino News – Atlantic City casino wins approval just weeks before opening
Just weeks before the grand opening of the Hard Rock Hotel & Casino Atlantic City, the venue’s operators have received vital approval for a casino gambling license. The Hard Rock is set to open in late June of this year as its owners look to bring in fresh faces and revenue to what has been an otherwise stagnant time in…
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Casino News – UK delays crackdown on fixed odds betting terminals
According to UK media reports, Chancellor Philip Hammond may be getting cold feet when it comes to measures to limit how much punters can bet using fixed-odds betting terminals (FOBTs). After a concerted lobbying effort by Members of Parliament, church groups, anti-gambling associations and other assorted organizations intended to limit the potential harm done by FOBTs, plans were in the…
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Casino News – Cambridge Analytica linked to Dragon Coin and Macau mob
Former Cambridge Analytica employee Brittany Kaiser has told The New York Times the firm was working with Macau based gaming company Dragon Corp to launch Dragon Coin, an initial coin offering (ICO) backed by notorious Asian underworld figure “Broken Tooth” Wan Kuok-koi’. Cambridge Analytica is the UK firm behind the massive Facebook personal data collection scandal that is said to…
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Casino News: Constitutional Court in Belgium rescinds VAT for online gambling
Online casino operators in Belgium were celebrating last week after the Belgian Constitutional Court issued a ruling stating that the country’s online casino operators would no longer be subject to the country’s 21% value added tax (VAT). In it’s decision the court overruled every substantive element of a 2016 law making Belgian online casino operators subject to the tax on…
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