Government officials in Macau have initiated the process to complete two unique studies regarding the gaming industry. The studies are meant to explore the market sector and identify key variables that may influence its progress and development. Set to take place between 2020 and 2030, it is clear that the Economic Bureau has crafted an […]
Continue reading…
For many state legislators, casinos seem to be an easy way to expand the tax revenue. However, in New York State, the rapid expansion of casinos is seen as foolhardy as already existing casinos are falling short of revenue forecasts. Three upstate casinos are estimated to produce less than $220 million dollars in revenue than […]
Continue reading…
The Wynn Resorts have locations in Las Vegas as well as Macau. The stock of this publicly traded company has risen significantly in the past two years. The growth from this past year alone was more than eighty percent, while it increased over one hundred and thirty-one percent since the beginning of last year. The […]
Continue reading…
Pennsylvania Gaming Control Boards have indicated that they will be auctioning ten new licenses in a special event at Harrisburg. This event will take place on the tenth of January and will allow for casino licenses to be bid on. The Pennsylvania Gaming Control Board identified what the winning bidder will be allowed to do […]
Continue reading…
There have been numerous signs indicating the potential sale of Revel, a casino in Atlantic City. The most recent sign of this taking place has been noted in the application for casino licensure by a Colorado based company. They have already submitted an application fee which is a non refundable one hundred thousand dollars. This […]
Continue reading…
Empire Resorts will be opening their latest property nearly two weeks earlier than initially planned. The early opening will take place in the second week of February instead of March 1st as originally planned. Much of this decision is because the resort has already been built and may be operational sooner than anticipated. The other […]
Continue reading…
The sales price for the shuttered Revel Casino was a proposed $200 million. The Revel casino was once worth $2.4 billion. The casino is located in Atlantic City and will have a new owner in the near future as stated by Moody’s Investors Service. The offer of $200 million was made by AC Ocean Walk […]
Continue reading…
There was a humongous buy-in by an Australian gambling game maker recently, and it might make the case for taking part in the gambling sphere. Aristocrat Leisure announced last week that it would be purchasing the rights to social games by Big Fish Games, and it cost them $990 million dollars. Big Fish is not […]
Continue reading…
The legal minds of the United States are presenting arguments, both for and against, something that has been happening for decades. Some enthusiasts enjoy the thrill of wagering on a sporting event for fun, while others seem to have a masterful knack of picking winners. The problem has been, other than a few isolated locations, […]
Continue reading…
They say that all is well that ends well and in the case of the casino giant Crown and number of employees being held on charges for 10 months, this not the ending but a good start. As a matter of law, the troubles of the Crown casino is specifically focused on 18 employees held […]
Continue reading…