Melco Crown Calls Sheldon Adelson’s $10 Billion Bet on Japan, Hard Rock Scrambling for Partners

Melco Crown Calls Sheldon Adelson’s $10 Billion Bet on Japan, Hard Rock Scrambling for Partners

Melco Crown Entertainment won’t be intimidated by Las Vegas Sands billionaire Sheldon Adelson’s comments this week that he’s ready to spend up to $10 billion on building a casino in Japan.

Melco Crown CEO Lawrence Ho says there’s no cap on how much his company is willing to spend on an integrated casino resort in Japan.

Hong Kong businessman Lawrence Ho, the billionaire son of Stanley Ho who held a gambling monopoly in Macau for 40 years, told reporters soon after hearing of Adelson’s pledge that his company is prepared to invest even more. During the same investor conference in Tokyo, Ho explained, ‘We’ll absolutely spend whatever we need to win.’

Japan legalized commercial casinos last fall, but hasn’t determined the specific regulations for the newly liberalized industry. The country’s parliament is working to decide how many gambling licenses will be issued, but the general consensus is that just two properties will be authorized.

In a press release unveiling Melco Crown’s integrated resort concepts for Japan, Ho added, ‘There currently is no predetermined cap on our intended investment. I prefer not to constrain our dreams… with price tags, particularly at this early stage.’

Melco Crown Entertainment was founded in 2004 through a partnership between Melco International Development and James Packer’s Australian Crown Resorts.

Between Rock and Hard Place

With Adelson, a man w Continue reading “Melco Crown Calls Sheldon Adelson’s $10 Billion Bet on Japan, Hard Rock Scrambling for Partners”

As Rome Burns, Putin OKs Crimea Gambling Zone

As Rome Burns, Putin OKs Crimea Gambling Zone

Russian president Vladimir Putin, dealing with financial sanctions, signs in a law which will produce a ‘gambling area’ in annexed Crimea. But could his timing be any worse?

The story that is old Roman emperor Nero fiddling while his city burned to the floor includes a mythic quality that could be used to Vladimir Putin play free pokies no download these days. Dealing with a worldwide scandal after Russia’s seeming involvement in shooting a Malaysia Air passenger jet out of the sky, the Russian president has chosen now to ok a new gambling area in Crimea; a small region simply to the south of Ukraine, where in fact the horrific incident took place last week.

Of course, unlike Nero, Putin stays firmly in control of all things Russian, and contains borne the brunt of surprisingly little outrage that is international the incident that was allegedly carried out under their army’s auspices.

Putin signed into impact a law this week that may transform the territory that is annexed of into a gambling zone for Russian holidaymakers. In the light of recent events in Eastern Ukraine, Putin, faced with all the prospect of increased US/EU sanctions, could perhaps have opted for a more moment that is apposite make this specific announcement, but he could be nothing if not bull-headed, and it is clear he is determined to make the area economically self-sufficient.

Russia annexed the territory that is largely russian-speaking the Ukraine in March, adhering to a referendum Continue reading “As Rome Burns, Putin OKs Crimea Gambling Zone”

President Trump Talks Sports Betting, Nevada Books Collect Record Handle on Super Bowl

President Trump Talks Sports Betting, Nevada Books Collect Record Handle on Super Bowl

Sports gambling legalization is a controversial topic that has recently been debated in a number of state capitals, and the US Supreme Court is considering conducting its review into the coming months.

President Trump explained he won’t fight for sports legalization that is betting he hears all sides for the tale from people who understand the market most readily useful.

The topic is garnering the attention of even more important players as Super Bowl LI generated a record handle at Nevada sportsbooks. While there was clearly much protection on President Donald Trump’s sit-down with FOX News’ Bill O’Reilly during Super Bowl Sunday, it wasn’t the only meeting the commander-in-chief gave on the week-end.

Appearing on American sportscaster Jim Gray’s Westwood One radio network program, the president was asked about legalizing sports gambling nationwide.

‘What we’d do is sit down with the commissioners. We would be talking for them, and we’ll observe they feel about it,’ Trump explained. ‘Some would maybe not wish it, I’ve read others perhaps do. I’d certainly want to obtain their input and have the input from the different leagues . . . It will be studied very carefully.’

While vague, the president’s remarks are the time that is first’s opined on potentially even considering repealing the expert and Amateur Sports Protection Act (PASPA). The 1992 federal statute made activities gambling il Continue reading “President Trump Talks Sports Betting, Nevada Books Collect Record Handle on Super Bowl”

Third Connecticut Casino Announcement Has All Ears Piqued in Northeast

Third Connecticut Casino Announcement Has All Ears Piqued in Northeast

A planned Connecticut casino will reveal its targeted location for construction in the coming days, and the impending announcement has the ears of all vested gaming interests operating in the northeast.

MGM Springfield in Massachusetts is causing quite a stir, as another Connecticut casino is in the works to offset the impact of the megaresort.

The Mashantucket Pequot and Mohegan Native American tribes are working together to bring the Constitution State a third casino venue. The joint venture is in response to MGM Springfield, the $950 million resort currently under construction in southern Massachusetts.

State lawmakers permitted the two tribal groups to build a third casino off their sovereign lands in order to keep gambling revenue in the state and protect jobs.

The Mashantucket and Mohegan people are considering building in the northern part of the state in the towns of Windsor Locks or East Windsor. That would place the Connecticut casino just 15 miles from MGM Springfield.

With MGM, state lawmakers, and residents anxiously waiting, the tribes say the official announcement of the casino will be revealed in the coming days. ‘We’re days, not weeks or months . . . from announcing a decision,’ Mohegan Chairman Kevin Brown said this week.

MGM States the Obvious

Once the Native American coalition pinpoints its gaming location, the state legislature will need to sign off on the construction. The facility is expe Continue reading “Third Connecticut Casino Announcement Has All Ears Piqued in Northeast”