Master Gambling Bonuses

Thursday, October 18, 2018

Stanley Ho’s Son, Arnaldo, Moves to Revive Dormant Cotai Entertainment Complex Project

5:54 PM 0
Casino News Daily
Stanley Ho’s Son, Arnaldo, Moves to Revive Dormant Cotai Entertainment Complex Project

Arnaldo Ho and Macau Theme Park and Resort move forward with the construction of an entertainment resort without the theme park featured in original plans

Arnaldo Ho, son of Macau casino mogul Stanley Ho, announced earlier today plans to revive an entertainment and hospitality project that has remained dormant for eight years, as city authorities have moved to seize vacant land, Reuters reports.

Macau Theme Park and Resort Ltd., the real estate developer led by Mr. Ho, today announced that they plan to develop an 820-room hotel and leisure amenities on a portion of land located on the Cotai Strip, known to be the Macau equivalent of the legendary Las Vegas Strip. The resort will cost HK$5 billion (approximately $638 million) and will open doors in 2020.

The project was first introduced in 2010 by Mr. Ho’s mother, Angela Leong, but little progress has been made toward its materialization since then. The original plan included five hotels with themes such as popular character Hello Kitty, an equestrian center, convention facilities, an indoor beach, and multiple other amenities. Under that initial plan, the resort would have also featured a theme park.

However, it was namely the theme park portion of the scheme that delayed the start of development work. The developer applied back in 2010 for a permission to add a theme park to the resort’s facilities, but has never been given the necessary legislative approval to do that.

Why Now?

It is believed that Macau Theme Park and Resort’s decision to proceed with the construction of the property has to do with a 2013 law that aimed to prevent developers from buying land to profit from value rises without conducting any development activities on it. Under the law, local authorities have begun seizing vacant land across the popular gambling hub. According to Reuters, as many as 100 plots have been seized over the past year.

Mr. Ho said today that they are moving forward with the project without the theme part, but also pointed out that they “continue to communicate with the government and hope it can give [them] the opportunity to develop a new Macau theme park.”

The new hotel and entertainment resort will be named Lisboeta and will be located on a portion of land not far from where SJM Holdings, the gaming and hospitality company owned by casino mogul Stanley Ho, is building the $4.6-billion Lisboa Palace. The mega-resort is expected to open doors sometime in 2019.

Arnaldo Ho said today that Lisboeta will have a more nostalgic feel. The property will recreate the Macau Palace floating casino that was featured on the 1974 James Bond classic The Man with the Golden Gun and will feature a number of other attractions.

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The post Stanley Ho’s Son, Arnaldo, Moves to Revive Dormant Cotai Entertainment Complex Project appeared first on Casino News Daily.

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1X2 Network Asia presence grows with QTech Games deal

12:05 PM 0
World Casino News
1X2 Network Asia presence grows with QTech Games deal

UK based supplier of Virtual Football, general fixed odds gambling games, and casino games, 1X2 Network, has further bolstered its position in Asia after recently teaming with Makati-headquartered online RNG games distributor, QTech Games. According to the official press release… Under the terms of the new agreement, a broad range of titles from 1X2 Network subsidiaries, Iron Dog Studios […]
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Russian resort to add more capacity

Wednesday, October 17, 2018

Caesars Entertainment appoints Denise M. Clark to Board of Directors

11:42 PM 0
Casino City Times
Caesars Entertainment appoints Denise M. Clark to Board of Directors
Clark brings to the Caesars Board of Directors more than two decades of experience in the U.S. Navy and several leading multinational companies across a variety of industries.
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NRK extends Scout Gaming Group AB relationship

6:33 PM 0
World Casino News
NRK extends Scout Gaming Group AB relationship

A little over a week after entering the budding American sportsbetting market courtesy of a deal with Metric Gaming and daily fantasy sports and pool betting technologies provider, Scout Gaming Group, has now announced an extension to its relationship with Norway’s public service radio and television broadcaster. Product to target winter sports: The Stockholm-based business-to-business innovator […]
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Majority of New Gambling Accounts in Sweden Registered with International Operators, Report Finds

12:09 PM 0
Casino News Daily
Majority of New Gambling Accounts in Sweden Registered with International Operators, Report Finds

Off-shore gambling operators have proved particularly popular with Swedish gamblers over the past year

Accounts registered with international online gambling operators represent 60% of all online gambling registrations made over the past 12 months in Sweden, local consultancy firm Mediavision reported earlier today.

The firm also found that nearly 60% of all Swedes aged between 18-74 have an online gambling account, up 12% from last year. Svenska Spel, the state-run operator that holds the monopoly over most of the gambling services provided on the country’s territory, still holds the largest share of all registered accounts. Mediavision reported that combined, all regulated gambling operators account for around 58% of all registered gambling accounts.

However, international operators seem to be gaining momentum as approximately 60% of all new registrations made over the past twelve months were namely with companies targeting Swedish gamblers from outside the country.

Commenting on the latest trends discovered by the consultancy firm, Mediavision’s Mazyar Sajjadi said that a possible explanation why new and existing customers seem to be more and more drawn to international gambling operators is “their marketing with special offers and deposit bonuses.” Licensed Swedish operators are banned from offering any such bonuses to lure customers, under the country’s current laws.

Sweden’s new gambling regulations are just a couple of months away from taking effect. From January 1, 2019 onwards, international operators will be able to operate legally in the country as long as they have obtained a license from the local gambling regulator, Lotteriinspektionen.

The Swedish Gambling Authority launched the application process in July and has recently announced that it has so far received 55 applications from international gambling companies that are interested to operate in the newly regulated local market.

Local News Outlet Slapped with Fine over Gambling Ads

News emerged late last week that the Administrative Court has slapped a SEK100,000 fine on local news outlet Nyheter24 for failing to remove links featured on its website that were referring to international online gambling websites that were not licensed in Sweden.

The case was first brought to media attention back in 2014 when Lotteriinspektionen filed for an injunction against the media outlet. In October 2017, the Supreme Administrative Court ruled in favor of the regulatory body. However, Nyheter24 was found to have not removed the links to the internationally licensed online gambling products.

Swedish media outlets have for years been heavily criticized for featuring gambling-related advertisements. However, they felt encouraged to do so after the European Commission had declared the country’s monopoly system over the provision of gambling services one that violated EU principles for free trade and movement of goods and services among member states.

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The post Majority of New Gambling Accounts in Sweden Registered with International Operators, Report Finds appeared first on Casino News Daily.

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Lucky Dragon to be sold this month

Tropicana and Hard Rock Casinos Seek Approval to Commence Sports Betting Operations

12:24 AM 0
Casino News Daily
Tropicana and Hard Rock Casinos Seek Approval to Commence Sports Betting Operations

Tropicana and Hard Rock to soon hop into the New Jersey sports betting mix

New Jersey’s sports betting market is set to soon expand as two Atlantic City casinos have submitted petitions with the state Division of Gaming Enforcement (NJDGE) to commence wagering operations.

According to documents made available by the New Jersey gambling regulator, Tropicana Casino Resort and Boardwalk 1000 LLC, the local branch of Florida gaming and hospitality company Hard Rock International, have recently submitted their petitions, seeking green light to start sports betting operations.

News about Tropicana and Hard Rock joining the New Jersey sports betting mix emerge shortly after the NJDGE published what the regulator described as “stunning” September wagering results. The state’s sportsbook and online betting operations generated revenue of nearly $24 million and handled nearly $184 million in wagers last month.

Both Tropicana and Boardwalk 1000 have submitted petitions for transactional waiver to “commence sports pool and online sports pool operations.” Six of Atlantic City’s nine operational casinos are currently offering sports betting operations. When Tropicana and Boardwalk 1000’s Hard Rock Hotel & Casino Atlantic City join the local sports betting market, Caesars will remain the city’s only casino to be straying from the betting craze that has swept over Atlantic City and New Jersey, following the May 14 ruling of the US Supreme Court that struck down a federal ban on wagering on professional and college sporting events.

New Jersey was the second state to launch legal sports betting in the post-SCOTUS ruling era. State lawmakers approved the necessary regulatory framework a little over a fortnight after the sports betting ban was lifted and first wagers were accepted in New Jersey on June 14.

Tropicana and Hard Rock’s Sports Betting Partners

It can be said that plans for sports betting at Tropicana began being shaped even before the SCOTUS ruling. It was announced this past April that billionaire investor Carl Icahn was selling the casino resort’s parent company Tropicana Entertainment Inc. in an agreement that would see gaming REIT Gaming and Leisure Properties take over the company’s real estate while Eldorado Resorts assume control over its hotel and casino operations.

The transaction, which was valued at around $1.85 billion, was completed earlier this month. Meanwhile, Eldorado announced in the summer that it has forged a partnership with William Hill, under which the US arm of the British bookmaker would become the exclusive sports betting partner of the casino operator. It also became known that the partnership would extend across all properties owned by Eldorado, Tropicana included.

As for Hard Rock International, the company launched its Atlantic City property at the end of June. There were speculations that Hard Rock might not be able to operate sports betting due to its naming rights deal with the Miami Dolphins and their home Hard Rock Stadium.

Asked about their comments on the matter, Hard Rock officials have said that sports betting was something they were definitely interested in and that Hard Rock Atlantic City would offer some form of wagering. It is yet to be seen whether the gambling venue will go live with full-blown betting services or there will be certain limitations to its product.

It was announced last week that Malta-based gambling company Gaming Innovation Group has signed a letter of intent with Hard Rock for the provision of an omni-channel sports betting service at the gaming operator’s Atlantic City property. In August, Hard Rock announced a partnership with Kindred Group for the provision of online sports betting and gaming services. And news emerged in July, that the Florida-headquartered gaming and hospitality giant has joined forces with bet365, the major British bookmaker, for the provision of a sports betting product in the nascent New Jersey gambling market.

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The post Tropicana and Hard Rock Casinos Seek Approval to Commence Sports Betting Operations appeared first on Casino News Daily.

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