Archive for January, 2014

Packer to Expand Empire throughout Asia
January 31st, 2014 By John Marsh

Packer to Expand Empire throughout Asia

Forty-six-year-old up-and-coming casino mogul James Packer, one of Forbes’s Australia’s 50 richest, has five casinos established and four more Asian properties in the works. Packer won approval by the Sri Lankan government last month to move forward with a five-star resort casino to be located in Colombo. His City of Dreams Manila in the Philippines […]

Five Proposals on the Table for Second and Final Philadelphia Casino License
January 29th, 2014 By John Marsh

Five Proposals on the Table for Second and Final Philadelphia Casino License

The fifth and final Pennsylvania casino license is up for grabs, and there not a lack of interest in obtaining it. There are five applicants vying for the second and last Philadelphia casino permit from the Pennsylvania Gaming Control Board, which has a hard decision to make, with potential revenue that could reach hundreds of […]

More Red Tape for the Massachusetts Gaming Industry
January 29th, 2014 By Stan McCormick

More Red Tape for the Massachusetts Gaming Industry

The road to a Massachusetts casino industry has been a bumpy path to say the least, especially for the casino brands applying for license, the communities that will transform to gambler-ready towns, and the lawmakers and commissioners who have been given the job to set it all up. After a tumultuous past few months, many […]

Japan Gets Closer to Lifting Casino Ban
January 24th, 2014 By April Bergman

Japan Gets Closer to Lifting Casino Ban

Three global casino giants, Genting Singapore Plc, Caesars Entertainment Corp., and MGM Resorts International are in talks with the Osakan government over plans for a $4.8-billion casino resort. Genting and Caesars met with officials last year, and those same officials are planning to meet with MGM over the next couple months to talk about Japan’s […]

Are Bitcoins in the Future for Casino Bets?
January 22nd, 2014 By April Bergman

Are Bitcoins in the Future for Casino Bets?

Las Vegas casinos are slowly adapting to a new type of currency: the Bitcoin. Beginning today, two Vegas casinos, the Golden Gate Hotel & Casino and the D Las Vegas Casino Hotel will start accepting this digital currency that merchants worldwide are beginning to collect more and more. The two casinos, both of which are […]

Story of a Billionaire: Lui Che-Woo
January 21st, 2014 By John Marsh

Story of a Billionaire: Lui Che-Woo

Casino giant Galaxy Entertainment Group Ltd. founder Lui Che-Woo, who is rarely seen without his trademark beret, remains the second-richest man in Asia according to Bloomberg Billionaires Index, second only to Hong Kong real estate tycoon Li Ka-Shing. At 84, Lui’s net worth rose almost $3 billion since only last year, marking his net worth […]

More Hoops for Massachusetts Casino Hopefuls to Jump Through
January 21st, 2014 By April Bergman

More Hoops for Massachusetts Casino Hopefuls to Jump Through

The Massachusetts casino industry has had its share of headlines even before the first casino has broken ground. Now there are problems with a state casino law that may deter high rollers from ever visiting the state’s future casinos. Current Massachusetts tax law requires that table games be covered under state tax reporting and withholding […]

Genting Plans $4 Billion Investment in Resorts World Las Vegas
January 17th, 2014 By John Marsh

Genting Plans $4 Billion Investment in Resorts World Las Vegas

Malaysia’s leading corporation and Southeast Asia’s largest casino operator, Genting Group, has plans to invest as much as $4 billion on an unfinished resort in Las Vegas. The company bought the property from Boyd Gaming last year, and now plans to start construction to complete the project. Malaysian billionaire Lim Kok Thay, who controls Genting, […]

Malaysian Casino Giant Causes Stir in US
January 17th, 2014 By Stan McCormick

Malaysian Casino Giant Causes Stir in US

Miami was promised three years ago that they would see a major boost in economy when the Genting Group proposed a massive casino resort to be built on the old waterfront Miami Herald site, but there has been problems with the project coming in from many directions. Genting recently acquired a racetrack license that would […]

Florida Casino Expansion Opposition Group Produces Anti-Casino Documentary
January 17th, 2014 By April Bergman

Florida Casino Expansion Opposition Group Produces Anti-Casino Documentary

Legislators piled into a Tallahassee theater Wednesday to view a high-quality documentary movie, complete with talking points, put together by a group opposed to new Florida casinos. The film is called “Pushing Luck” and it seeks to expose the social and economic risks of casinos. The group responsible for the movie, No Casinos, is based […]

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