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Japan’s Wakayama Prefecture Delays Unveiling of Grand Casino Plan

Wakayama prefecture delays casino plan

Japan’s Wakayama prefecture will delay the announcement of its “Master Plan” for an integrated resort until March due to the forthcoming general election, the regional government said this week. The prefecture is determined to be a part of a future casino industry, despite the likelihood that a limited number of licenses will be issued which…Read More

Twitter Could Be The Key to Successful In-Play Sports Betting, Says Study

Twitter key to sports betting success, say scientists

Twitter is a better predictor of sports results than bookmakers’ odds, thanks to the “wisdom of crowds” effect, scientists said this week. A new study, published in the Economic Enquiry, has found that collective public sentiment on Twitter during a game is able to predict the eventual outcome with astonishing accuracy. Researchers at the University…Read More

‘Loot Boxes’ Not Gambling, Says US Video Games Regulator

“Loot Boxes” not gambling, says ESRB

“Loot-boxes” have become a divisive issue in the video-gaming world in recent months but they do not constitute gambling, according to the Entertainment Software Rating Board (ESRB), the industry self-regulator. These are the consumable in-game boxes that offer the player randomized chances to win more virtual items or skills. They have traditionally existed as a…Read More

Zappos to Cover Las Vegas Shooting Funeral Costs, Victim Fundraising Tops $15 Million

Zappos Las Vegas shooting fundraiser

Online retailer Zappos is offering to pay for the funerals for all 58 victims of the October 1 Las Vegas shooting. In a statement to the Las Vegas Sun, Steven Bautista, who oversees the company’s “Zappos for Good” program, said the company isn’t using its charitable funds to cover immediate memorial services. Instead, Zappos is…Read More

Pennsylvania Sands Bethlehem Has New Investment Suitor, Bid Expected Within 30 Days

Sands Bethlehem possible sale

The Sands Bethlehem, Pennsylvania’s largest and most profitable casino, has become the acquisition target of New York investment firm Keating & Associates LLC. The company, which also recently made a bid of $225 million for the former Revel Hotel & Casino in Atlantic City, says it will make an offer for the Sands within the…Read More

Puerto Rico Casino Resorts Provide Relief, as President Trump Threatens to Cut Off Aid

Puerto Rico casinos Hurricane Maria

Almost 90 percent of Puerto Rico remained without power this week, more than three full weeks since Hurricane Maria, a Category 5 storm and the 10th-most intense Atlantic hurricane on record, struck the US territory. Maria made landfall on Puerto Rico on September 20. The powerful cyclonic storm caused catastrophic damage, and resulted in a…Read More

Lawrence Ho’s Melco Resorts Boasts Japanese Relationships in Casino Resort Bid

Melco Resorts Lawrence Ho Japan casino

Melco Resorts and Entertainment, a casino resort developer headquartered in Hong Kong, is trying to convince lawmakers in Japan that it has long been a close friend of the Asian country. Melco officials are campaigning to land one of two expected integrated casino resort licenses. In a press release issued this week, the corporation explained…Read More

Crown Resorts High Rollers Return One Year on from China Arrests

Crown Resorts VIPs return after China arrests

VIP gamblers are slowly returning to the Crown Melbourne, according to a note by Morgan Stanley that comes a year to the day that a group of Crown employees were arrested in China on suspicion of marketing gambling to Chinese citizens. Seventeen Crown employees and two former employees were detained in night-time raids in at…Read More

Landing International Sells London’s Uber-Elite Les Ambassadeurs Casino for $320.3 Million

Les Ambassadeurs casino, London

Hong Kong-based Landing International has sold Les Ambassadeurs Club, the exclusive high-end casino in London’s affluent Mayfair district, for $320.3 million. Landing announced the sale had been completed on Wednesday. The buyer is believed to be Paul Suen Cho Hung, owner of Birmingham City, a soccer club in England’s second tier. “Les A,” as it…Read More

Russian Oligarch Pleads with Vladimir Putin to Save Azov-City Casinos

Russian casino oligarch Maxim Smolentsev

Maxim Smolentsev, president of the Shambala Casino in Russia’s doomed Azov-City casino zone, has written an open letter to President Vladimir Putin, with excerpts printed Wednesday in Betting Business Russia, begging him to reconsider the decision to “liquidate” the area’s fledgling casino sector. The government in Moscow has told Azov-City’s three casinos that they must…Read More

Bettor Racing Loses Spat with NIGC and Tribal Casino, Goes into Liquidation

Bettor Racing Goes Into Liquidation

Bettor Racing Inc, the South-Dakota-based advance deposit wagering (AWD) and off-track betting operator, has filed for Chapter 7 bankruptcy (liquidation) after losing its fight with the National Indian Gaming Commission (NIGC), prompting fears among its customers over the safety of their funds. The company mainly dealt with high-end customers and so the amount of money…Read More

Disney Wants Voters, Not Politicians, in Charge of Florida Casino Expansion

Disney Florida casinos expansion

Disney, Florida’s largest employer, is leading the campaign effort to strip state legislators from having the power to decide whether to expand casino gambling in the Sunshine State. Last month, Disney Worldwide Services, a subsidiary of The Walt Disney Company, made three donations totaling $575,000 to a political committee called Voters in Charge. The group,…Read More

Casino Stocks Stable, But Miss Out on Bullish Wall Street After Las Vegas Shooting

casino stocks Las Vegas shooting

Publicly traded casino stocks associated with Las Vegas seem to be missing out on a wildly bullish phase for Wall Street. While shares haven’t dropped as much as some analysts predicted in the week following the Oct. 1 Mandalay Bay shooting that left 59 dead (including perpetrator Stephan Paddock), the companies aren’t gaining value either,…Read More

Maryland Casinos Tell Lawmakers to Back Sports Betting

Maryland State Delegate Frank Turner lukewarm about sports betting

In December, the US Supreme Court is scheduled to begin hearing New Jersey’s plight to repeal PASPA, the law that forbids sports betting at a federal level. The upshot is, there’s a very real chance that states could be granted the right to legalize sports betting within their own borders. Representatives of Maryland’s six casinos…Read More

Average Macau Casino Visitor is 36, Male, Earns $34,000 Per Year

Average Macau gambler is 36 and earns $34,000

Macau’s average gambler is a 36-year-old male, hails from one of China’s most economically developed cities (such as Shanghai, Beijing, Guangzhou or Shenzhen) and earns 19,000 Chinese yuan, or US$2,900 per month. His gambling budget is US$3,035 per trip. That’s according to a study by analyst Sanford C. Bernstein and Co, which aimed to “dig…Read More