Manila Opens Casino Resort

Author: Chris  //  Category: Casino Games

According to a Bloomberg article, “Philippine billionaire Andrew Tan and Star Cruises Ltd. today opened their $700 million Resorts World Manila, which will double the tables in the city and may boost its casino revenue more than 120 percent.”

“‘Our expectation is this will contribute to earnings within the first year of operations,”said Kingson Sian Sian is the president of Alliance Global Group Incand happens to be one of the richest people in the country. Now he will increase the gambling rate in Manila and utilize the customer base of over 2.5 million that are attracted to the cruiseline. Star Cruises will will continue to strum in gamblers by busing them into the area in order to allow them the ability to gamble.

“The casino’s opening in a former air force base is another step in the Philippines’ effort to tap Asia’s gambling boom as it could gain revenue from the region’s high rollers, Macquarie Group Ltd. analysts said. While growth has slowed in Macau, the world’s largest gambling hub.”As Macau continue to expand, the competition offered by Manila could cause casinos to heavily compete for the business of the casusal gambler.

“…The venture, Travellers International Hotel Group Inc., opened the first floor of a three-level casino at a complex that will include hotels and a shopping mall. Resorts World Manila may earn 21 billion pesos ($430 million) in gambling revenue next year, compared with the city’s 17 billion pesos in 2008”, according to Macquarie. As the expansion of the casinos continues word of mouth by the customers will cause the business to flourish. Marketing will be key to keeping the casinos intact and on track for increasing revenue.

“…Resorts World Manila, located in front of the capital’s new airport terminal, will draw 11.1 million visitors and raise $315 million in gambling taxes over three years,” Sian said.

Mesquite Tries to Keep Gambling Alive Part I

Author: Chris  //  Category: Online Casino News

Lee has been one of the only Asian casino owners in the United States and currently is the only one in Mesquite, Nevada. Lee follows in the footsteps of his grandfather Joe Shoong who made a name for himself in the business world.

Before the family entered into the gambling business, Shoong moved from China to America and became one of the first Chinese American millionaires. He has been featured on the cover of Time magazine and now even has a park named after him to honor his successes. HE came to the country in 1901 and opened a National Dollar store that eventually became a chain.

Lee began his career starting out studying law. “It was what I thought that I’d want to do — live in New York City and work for a firm where you wore nice clothes and shiny shoes,” Lee said. However after a year Lee left the law side and in 1995 moved to the gambling casino capital of the United States, Las Vegas.

Lee’s parents took over a small casino when they moved and had set their sites on a nicer casino to be opened in Mesquite. The land chosen in Mesquite was right off of interstate 15 a prime location for tourists to see. The land was then priced at $20 million in the 80’s.

The family worked hard and combined all their resources and built the Eureka casino. The first casino was built in 1997 in Mesquite by the Lees was the Rancho Mesquite. It held 500 slots, one restaurant, and two bars. Next door to the casino was a hotel that they also owned the held 215 rooms.

“We built a locals casino with no locals,” said Lee. “It was a rough go.”

Soon the casino was attracting retirees who were on their way in from Utah with a short night stay at the hotel. And the rest is history.

Mesquite Tries to Keep Gambling Alive Part I

Author: Chris  //  Category: Online Casino News

Mesquite, Nevada has faced some difficult times. In fact, the largest casino gambling company, Black Gaming recently closed down the Oasis. This Oasis was the largest complex of casinos, hotels and restaurants in the area. Now with that competitor out of the way, some land based casinos in Mesquite are able to hold their own.

Eureka Casino Hotel in Mesquite has managed to survive the depression so far and is working hard to make it through and turn a profit. The casino is owned by the only asian to be a casino owner operator, Greg Lee. As the town of Mesquite grew, so did the casino that Lee Operated.

Black Gaming fell into the typical corporate casino trap as have many other casinos in Las Vegas. They have begun operating while in millions and sometimes billions of dollars in debt. Lee’s philosophy is that of his immigrant grandfather where he works with virtually no debt, and tries to stay within his means. This has allowed him to survive the slowly declining economy in the United States.

Lee has kept the casino running or over 12 years now, and admits that revenue is not really coming in at this time. Even so, he has managed to keep his head above the water as he continues to ride out the depression. According to the 45 year old Lee, the plans to expand the hotel and casino are on hold. The summer is the hardest time to get the ball rolling in the casino as the heat keeps tourists out of the state of Nevada. Now with the tourism already in a decline, and the summer coming to an end, it is possible that business may turn around and begin an upswing to start the new year. Lee follows in his family’s tradition of no debt by stating that it is easier to get accustomed to having more than having less.

Greektown Casinos Announce New Promotions

Author: Chris  //  Category: Online Casino News

Greektown, casinos and hotels have recently announced new promotions for their September lineup of online casino games. These new online promotions will be made available to CLUB Greektown members given them more incentive to return to the online slots.

“We listened to our guests, and what they want is more cash,” said Amanda Totaro, VP of Marketing for Greektown Casino-Hotel. “September is full of opportunities to win cash prizes. We’re giving away $10,000 in cash every week, as well as $999 every 30 minutes and $777 every 15 minutes in other promotions this month. We’re seeing record numbers of patrons visiting the property and it’s no doubt they’re coming here because it’s the place to play, have fun and win in Detroit.”

The first of these online casino promotions is the $10,000 cash. Starting September 1st and ending September 27th, players can enter to win a chance of being chosen for the $10.000 Cash drawing. These drawing will be held every Sunday in the month of September. Once the players get a chance to draw they will have to choose between 66 bags of cash prizes ranging from $250 to the grand prize of $10.000. Guests can also participate as 5 guests will be chosen for the hourly drawings. These drawing will take place from 10am to 9 pm, then an additional 6 guests will try their luck at 10 pm.

The second game is the Lucky 999’s. CLUB Greektown online gambling members receive one free entry into the 17 drawings being held. These drawing occur every 30 minutes from 4pm until midnight. The drawings will be held on September 9th with a chance to win $999 in cash.

The third online casino promotion is the Lucky 777’s where Saturday September 26th will see the hotel and casino give away $777 every fifteen minutes. This drawing will take place between 10 am and 8 pm and will surely bring the gambers out of the woodworks.

Online Powerhouse GTECH Pairs Up with LottoTech

Author: Chris  //  Category: Las Vegas Casinos

Recently many partnerships have been drawn up in the online gambling community. As a standard, these contracts usually end up being three to five years long with three one year renewal clauses added to the end. This time, GTECH, one of the top online gambling technology firms has paired with LottoTech Limited for an unprecedented ten year contract. This ten year deal will see the two companies produce an online instant ticket lottery for Mauritius.

Lotto Tech took over the national lottery until April 2019 . This was a huge investment by the African island that holds one f the longest contracts for an online casino lottery provider.

“GTECH is pleased to join with LottoTech as its exclusive technology provider for the implementation of the Mauritius national lottery,” said Jaymin Patel, President and Chief Executive Officer for GTECH.

“We will deliver a world-class lottery platform and solutions specifically tailored for the Mauritian market and look forward to assisting our clients with applying industry best practices to build a very successful lottery for the people of Mauritius and Rodrigues that will generate significant funds for the various good causes including education, health, sports and culture.”

GTECH is a subdivision of Lottomatica which has become one of the hottest online gambling lottery providers throughout the world. They will be making use of the Enterprise Solutions package for the Mauritan Lottery in a way that will be completely customizable for them.

“LottoTech selected GTECH as its technology provider because we appreciate the value of GTECH’s leadership and success in the international lottery sector,” said Carl Ah-Teck, Chairman for LottoTech.

“We are happy to have access to and be able to provide Mauritians with a first-class lottery operation that will meet the expectations of all stakeholders in the Mauritius national lottery project.”

GTECH and Lotto Tech have big plans for the evolution of the online gambling lottery and will soon put their work into play.

Casinos Fight to Bring In Online Gambling

Author: Chris  //  Category: Casino Games

As gambling online continues to be a hot topic among Representatives in the United States, many casinos are speaking out about their positions on the matter. Most casinos are in favor of the online gambling and are just waiting for it to be legalized in the country. By the time the bill were to pass, the United States will be well behind the rest of the world. Europe especially has taken over and dominated the online casino market and continues to expand.

It was discovered by the American Gaming Association that Americans wagered $5.9 billion on online gambling outside of the United States. From global gambling those same online gambling sites took in almost $21 billion.

“I haven’t taken the industry’s temperature in terms of Internet gaming, but, because of the potential revenues involved, I do believe there is some momentum moving in favor of the activity,” former Sen. Richard Bryan said.

Fortunately for the United States, there are still many engineers that exist in the country that have the innovative power to jump right into the market. “There are a substantial number of Nevada licensees with experience in the technologies, systems and management of systems that can be used for online gaming,” attorney Greg Gemignani said.

“We don’t have a public position on the bill, but we are interested observers and will continue to monitor the situation as things progress,” Las Vegas Sands Corp. spokesman Ron Reese said.

Accorsing to MGM Mirage hotel and casino spokesperson, Alan Feldman, “We have always felt it should be legalized, regulated and taxed. There is no need to create a whole new infrastructure with government oversight because it already exists in the states.”

Many other casinos see the profit for the online casino business and want in. “I believe there is probably more support for it today than there was a decade ago,” Bryan said.

Rounders House TV Show Focuses on Reality Gambling

Author: Chris  //  Category: Las Vegas Casinos

Since ESPN put poker on the map, television stations have been trying to find a way to promote these gambling games along with some healthy competition. Recently The Online Forum Challenge has revealed that it is getting ready to broadcast the reality online poker program starting in November of this year. Similar to other reality programs this poker related game will see 16 contestants playing to win prizes and money will be donated to specific charities.

The name of the show will be called “Rounders House” which will most likely see an influx of fans that watched movies such as Rounders. The program will film the gambling tournament starting in November of this year in the casino capital, Las Vegas. The online site, roundershouse.com has already been created and will serve as a web portal for fans of the show. Players and fans can then go to the online site and view live feed from the television show and kep up with the latest drama.

In order to participate in the show, contestants must attend tournaments in the gambling capital of Las Vegas from professional gamblers. There they will compete in tournaments that will make the winners eligible for the TV program. Once they are chosen, all of their airfare, and food and lodging will be covered by the station.

“Rounders House brings reality television to your house,” said Dennis Brown, co-founder of the online programme.

“Rounders House will have multiple live around-the-clock cameras in the house so you will never miss what these poker players are doing.”

“The show will have some great daily challenges for the contestants,” said Jason ‘Wolf’ Rosenberg, President for Global Gaming Events, owners and operators of the Online Forum Challenge.

“Each winner will win some great prizes while donating to their favourite charity. Combine that with some top-notch instruction from some a-list poker pros and we think these players will have the time of their lives.”

Harrah’s Casinos May Lose Business of Largest Teachers Union

Author: Chris  //  Category: Casino Games

Las Vegas, Nevada is one of the top destinations for corporate conventions of any size. Again when capital allows companies to come in for a day, a weekend or even a weeklong stay and have entertainment right at their fingertips 24 hours a day. This makes Las Vegas the perfect destination for many corporate conventions.

Currently Harrah’s Hotel and Casino is negotiating contracts with the dealers Union in trying to come up with a suitable agreement. Thus far in contract negotiations they have not come to any sort of agreement that has been acceptable for the dealers Union. Since the dealers Union feel that they are being treated poorly, many other unions are getting behind their struggle.

The teachers union has spoken up against Harrah’s Hotel and Casino resort in an attempt to show their support for the dealers Union in Atlantic City.

Recently, Randi Weingarten, president of the American Federation of Teachers wrote a letter to Harrah’s Casino resort stating, “Las Vegas is another popular venue for our meetings. However, while this stalemate continues, we will be actively seeking alternative business relationships and facilities for upcoming conventions and meetings.”

The American Federation of teachers currently has over 1.4 million members which should have a significant impact on the convention rate at Harrah’s Hotel and Casino. The letter from Weingarten continued, “Your egregious treatment of employees engaged in the legally protected right to bargain collectively has consequences.”

Weingarten completed his letter by stating, “We look forward to hearing of the fair resolution of a contract with the UAW Atlantic City dealers’ union. Until that time, our policy is to take our meeting and convention business elsewhere.”

The Las Vegas Dealers Union, Local 721 is a subset of the AFL-CIO and will continue to have no contract until a suitable agreement has been reached by both sides.

Station Casinos’ Bondholders Threaten to Sue

Author: Chris  //  Category: Online Casino News

Bondholders for Station Casinos are trying to protect themselves through the bankruptcy, where they will suffer a significant loss in investments. Bondholders recently revealed that if the bankruptcy were to happen then they would in turn file lawsuits dating back to the multibillion-dollar buyout that occurred in 2007.

According to these bondholders there holding responsible charges of bankruptcy for the buyout stating that it was the catalyst thereby causing the company to go under. In creating this preventative lawsuit the bondholders are hoping to stop creditors and decrease the risk of them losing their investments. Currently an objection has been filed by these investors with the U.S. Bankruptcy Court in Reno, Nevada.

At this point Station casinos is trying to prevent the committee of bondholders from investigating the buyout as well as trying to cover their own backs and be proactive about preventing lawsuits against the casinos.

According to the court filing, the committee claims that the $5.8 billion buyout goes against the Nevada uniform fraudulent act as it used to Station casinos “to the hilt on four of its most valuable properties, leaving (Station Casinos) and its creditors questionable benefit in return, while insiders of the (company) benefited immensely.”

The bondholders of the casino are within their rights if they can prove that Station casinos with fraudulent with the buyout and are no longer able to meet future obligations. This we difficult thing to prove as they have to find evidence that states that the buyout was the reason that they are without capital at this point.

On the side of the bondholders, is evidence that the buyout use red rock resort, Sunset Station, Palace Station in Boulder Station casinos as leverage against the $2.475 billion buyout.

According to the court filing against Station casinos, “While further investigation is certainly required There are undeniably substantial issues that must be addressed concerning whether the (buyout) transactions involved constructive and, or actual fraudulent transfers.”

Mesquite Changes Gambling Casinos to Sports Complexes

Author: Chris  //  Category: Las Vegas Casinos

The economy continues to affect casinos throughout the state of Nevada. Many reports have shown that larger Hotel and Casino resorts are drastically dropping their prices in order to raise the room occupancy rate is still falling below standards.

Luxury casino resorts are being forced to match the roommate of smaller economy casinos in order to stay open during this rough economic time. Although the larger casino resorts continue to complain, many small Casino resorts have shut down and file for bankruptcy as they failed to have the capital and the means to stay open during these tough times.

Such is the case in Mesquite, Nevada, where small casinos have closed down because the rate could go under compete with that of the larger casino. The town of Mesquite Nevada saw a decline in tourism by nearly 26% last year. This impacted the small town in the casino company owned by Black gaming thereby causing them to close the oasis. At the casino resort close to 500 workers were laid off impacting the small town of 20,000 people.

After hearing about an unexpected sport complex to a nearby town of Hurricane, Utah, Mayor Susan Holecheck decided to hunt down the developers of the complex and slay them to come to the small town of Mesquite. After her pitch for the city was over, Holecheck scored the building of the new complex as well as selling 864 acres of city property. This $6.3 million sale will help to generate revenue for the small town.

Now what was once known for its gambling casinos will now be known for its sports complex. The deal will be finalized this week as a 5% down payment will be due. This new insurgents of revenue will help fill the void that left one Black gaming casinos and the oasis became bankrupt, leaving hundreds of workers out of jobs.

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