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Packer Gets Support for High-Roller Only, No Slots Casino in Sydney
November 24th, 2013 By John Marsh

Packer Gets Support for High-Roller Only, No Slots Casino in Sydney

Australian billionaire and gambling tycoon James Packer and the government of New South Wales came to a “binding agreement” on a project targeted at Asian high-rollers to be located on Sydney Harbour. The $1.5 billion casino plan to be executed by architect Paul Baker should be operational by late 2019. The casino will be marketed […]

Macau-Based Galaxy Entertainment Will Pump $5 Billion into other Asian Markets
November 23rd, 2013 By Stan McCormick

Macau-Based Galaxy Entertainment Will Pump $5 Billion into other Asian Markets

Macau casino operator Galaxy Entertainment Group Ltd., owned by Asia’s third richest man, Lui Che-woo, is contemplating spending more than $5 billion in Taiwan and Japan once the governments approve casinos. Based out of Hong Kong, GEG could invest more than $2.6 billion in each country, according to the oldest son of Che-woo, Deputy Chairman […]

Caesars Interactive Entertainment Reputation Exonerated with Sixth NJ Casino Permit
November 22nd, 2013 By April Bergman

Caesars Interactive Entertainment Reputation Exonerated with Sixth NJ Casino Permit

Despite all the negative press Caesars Entertainment has garnered this year, the biggest casino operator in Atlantic City, Caesars Interactive Entertainment, has received the sixth New Jersey online gambling license. Caesars Interactive Entertainment (CIE) is a subsidiary of the company that owns and operates four of Atlantic City’s 12 casinos, so that a majority of Atlantic City […]

Billionaire Casino Tycoon’s Campaign against Online Gambling
November 20th, 2013 By April Bergman

Billionaire Casino Tycoon’s Campaign against Online Gambling

Sheldon Adelson, billionaire casino tycoon and mega donor for Congressional candidates, has an extremely passionate and negative opinion towards the future of online gambling. Adelson owns a handful of Las Vegas Sands properties including the Palazzo and the Venetian, both located on the Strip in Las Vegas, and resort casinos located in the fairly new […]

Potential Casino Could Affect Mental Health of Martha’s Vineyard Residents
November 18th, 2013 By John Marsh

Potential Casino Could Affect Mental Health of Martha’s Vineyard Residents

Martha’s Vineyard is an island located south of Cape Cod in Massachusetts, known for being an affluent summer crowd that gathers there includes such celebrities as the Clintons, the Obamas, Meg Ryan, Chelsea Handler, Dan Aykroyd, Diane Sawyer, and a random mix of other personalities. Guests of the island enjoy vacationing at the Vineyard due […]

New Yorkers Vote Yes to Casinos
November 13th, 2013 By Stan McCormick

New Yorkers Vote Yes to Casinos

A referendum vote was held Tuesday in New York on the introduction of casinos into the state, and apparently casino-style gambling goes well with the New Yorker’s lifestyle because they approved it 57% to 43%. The approval of the referendum, which was supported by Governor Andrew Cuomo, will build 7 new Vegas-style casinos in New […]

Australian Casino Mogul to Persuade Sri Lankan Government
November 12th, 2013 By John Marsh

Australian Casino Mogul to Persuade Sri Lankan Government

James Packer, Australian gambling tycoon, will be in attendance at a Commonwealth Business forum this week in Sri Lanka that coincides with the meeting of the Commonwealth Heads of Government. Packer will be speaking at the forum on Commonwealth Business, and the billionaire is expected to also lobby the Sri Lankan government over his plans […]

A Casino Catch 22 that Could Happen to Any Town
November 12th, 2013 By Stan McCormick

A Casino Catch 22 that Could Happen to Any Town

The votes are in, and East Boston residents have opposed the Suffolk Downs race track casino in the city of East Boston, only to be slapped in the face with an even worse fate: a casino in the town next door. The Suffolk Downs casino proposal was rejected by East Boston voters by 56% to […]

Wynn Resorts Growing in Revenue and Resorts
November 7th, 2013 By April Bergman

Wynn Resorts Growing in Revenue and Resorts

Wynn Resorts, Limited continues to see growth thanks to Macau’s booming casino market. The Las-Vegas-based casino brand will join with Las Vegas Sands in further expansion into Macau. Third-quarter reports, which were released last week, show Wynn Ltd (owned and operated by Steve Wynn) earnings for that quarter were $182 million ($1.79 per share), up […]

Las Vegas Sands Gears up for Global Expansion
November 6th, 2013 By April Bergman

Las Vegas Sands Gears up for Global Expansion

It’s the same story across the board. Macau revenue is supporting the big-name Las Vegas resort casinos.  About 60% of Las Vegas Sands’ value is constituted by Macau operations. Additionally, Wynn properties are showing revenue growth from Macau. Both companies are expanding in Cotai. Las Vegas Sands unveiled plans last month for a new resort […]

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