Macau Visitor Arrivals Up Over Five Percent Through First 1 / 2 Of 2017

Macau Visitor Arrivals Up Over Five Percent Through First 1 / 2 Of 2017

Macau welcomed more than 15 million visitors between January and June 2017, a 5.4 % gain compared to visitor numbers for the half that is first of. Better yet for Macau tourism passions, a lot more than eight million remained instantaneously, a 13 per cent year-over-year increase.

Macau visitor arrivals by air, land, and sea are traveling to more respectable heights.

The information furnished by the Macau Statistics and Census Service supplied a strong report for the Chinese casino enclave. Incoming arrivals from Mainland China are also up for the half that is first of, with 10.3 million Chinese citizens venturing to Macau so far this year.

These figures offer promising figures as casino resorts continue steadily to focus more greatly on appealing to your masses of low- and mid-stakes customers instead of catering solely to VIP rollers that are high.

Macau’s ability to attract visitors that are new led to an influx in gaming revenue. Casinos in the world’s gambling hub that is richest won $2.50 billion in June, the market’s 11th straight month in the black. Year-to-date video gaming income is outpacing 2016 by more than 17 percent.

Holiday Roads

After three several years of declining gaming revenue, Macau kicked off its 2017 campaign with a busy New that is chinese Year. The day observes the latest moon of the traditional lunisolar Chinese calendar, which was January 28 in 2017, it is commonly celebra ادامه مطلب …

Philippines Police Arrest 43 After Violent High-Roller Kidnapping at Solaire Casino

Philippines Police Arrest 43 After Violent High-Roller Kidnapping at Solaire Casino

Police in the Philippines have arrested 41 Chinese and two Malaysian nationals in connection with the kidnapping of the 48-year-old woman that is singaporean the Solaire Casino Resort in Manila on Monday.

Philippines National police chief Gen. Ronald Dela Rosa berated detainees as they had been paraded before TV cameras on Thursday.

Wu Yan, thought to be a high-stakes tourist gambler, was rescued by police from a condo into the city the day that is following.

Authorities said the suspects they detained had been members of a loan-shark syndicate targeting high-rollers that are foreign. Eleven similar situations have actually been reported since 2015, according to authorities.

‘The group ended up being believed to result in a group of kidnapping incidents perpetrated against international nationals whom are high roller casino players in recent months,’ Justice Undersecretary Erickson Balmes told reporters that are local.

Nabbed for Ransom

According to Balmes, the target had been losing heavily at Solaire’s VIP baccarat tables whenever she was ‘befriended’ by the two Malaysian suspects, whom lent her money to keep playing.

They later invited Wu to another casino, but instead took her to a condo where she was physically forced and abused to record a ransom video. A copy associated with the video clip was demonstrated to members of the family by having a demand for an undisclosed sum of cash to ادامه مطلب …

Macau Casino Stocks Plunge with VIPJunket Ops in Beijing’s Anti-Corruption Crosshairs

Macau Casino Stocks Plunge with VIPJunket Ops in Beijing’s Anti-Corruption Crosshairs

Investors folded on Macau casino shares after Suncity Group, the location’s biggest VIP junket business, reportedly warned its workers to take extra caution when moving money to your Chinese enclave where gaming is permitted.

Billionaire Steve Wynn was one of many casino magnates whom destroyed money on Monday, as Macau casino stocks dipped on continued uncertainty about the continuing future of VIP junket operators. (Image: Vincent Yu/Associated Press)

Wynn Macau, traded on the Hong Kong Stock Exchange, lost almost five per cent of its share cost in the news. Galaxy Entertainment was down more than three percent, and MGM China, Sands Asia, and SJM Holdings all saw their valuations dip by at least two %.

According to Barron’s, a newspaper that is financial investors are fleeing on issues that China’s anti-corruption campaign is soon to target VIP junket operations, for a long time a vital element of drawing high-stakes players to various Chinese casinos. President Xi Jinping has been trying to stop the flow of money from the mainland to Macau, a previous Portuguese territory that is today a tax haven where casinos routinely focus on the Asian elite.

‘Investors are worried that the Suncity warning could preclude another crackdown on the industry,’ Barron’s columnist Daniel Shane penned.

Suncity Group warned employees recently to just take extra precautions whenever moving cash to and from Mac ادامه مطلب …

Tribal Gaming Growth Hurts Laughlin and Reno, But Vegas Still Bulletproof, Says Analyst

Tribal Gaming Growth Hurts Laughlin and Reno, But Vegas Still Bulletproof, Says Analyst

The nationwide Indian Gaming Commission reported this week that America’s tribal gaming operators collectively generated $31.2 billion in gross gaming income, a 4.4 percent increase over 2015.

Harrah’s Resorts SoCal is example of a joint-venture from a operator that is tribal a Vegas casino business that offers a taste of Las Vegas throughout the Nevada edge.

The biggest growth, 12 months over 12 months, for tribal gaming nationwide was the Sacramento, California region, with an increase of 6.3 percent to $8.4 billion. Meanwhile, the Phoenix region exhibited fourth-best revenue increase in the US, growing 4.4 percent to $2.9 billion.

It’s clear Indian casinos in states bordering Nevada are enjoying robust health, but what impact is this having in the Silver State’s casino sector? Is tribal gaming a hazard to Nevada?

Tribes Thinking Big

Well, not so much to Las Vegas, gaming analysts told the Las Vegas Review-Journal this week, but it’s really likely having a negative effect on the north Las Vegas sector therefore the Reno and Laughlin markets in specific, forcing those cities to rethink their approach.

Bo Bernhard, executive director of UNLV’s International Gaming Institute, thinks that the Laughlin and Reno markets have certainly been adversely affected by competition from Indian gaming properties, which are actually matching their commercial counterparts outside of Las Vegas with r ادامه مطلب …

Gambling On Citi Field: Mets Owners Make An Effort To Open A Fresh York Casino

Gambling On Citi Field: Mets Owners Make An Effort To Open A Fresh York Casino

Simply as New York’s Gov. Andrew Cuomo and state legislators hash out discussions over whether or perhaps not to legalize state-sanctioned casinos in the Empire State, it appears that the ny Mets may quickly have a casino neighbor of their own, albeit an Indian-run one. In accordance with recent stories within The nyc Post, Mets owners Fred Wilpo and Saul Katz are checking out their options regarding creating a 500-room, full-service hotel/casino complex directly adjacent to Mets’ Citi Field park location; a bold move which could attract gamblers and non-gamblers alike with slots, dining table games, as well as an additional 1.8 million square feet of luxury amenities and retail space.

Wilpo and Katz have inked a deal with the Southampton, Long Shinnecock that is island-based Indian to work the latest York casino when ( if) it turns into a reality. Wanting to sweeten the deal for new york, the ownership group is apparently offering a $100 million signing bonus to the town for the 62-acre site that is queens-based have earmarked for the project, saying that the Willets Point locale will be used to attract millions of visitors from the New York area, also as worldwide.

Fueling the project is the hope of recouping a number of the multimillion buck losings the Mets’ incurred to your Bernie that is notorious Madoff disastrous Ponzi schemes several years ago. An additional motivation will be a try ادامه مطلب …

Casino News: NHL Expansion, Vegas September Casino Revenues, MGM Grand Sale

Casino News: NHL Expansion, Vegas September Casino Revenues, MGM Grand Sale

This week’s casino news starts us off having a story in regards to the NHL’s newest franchises getting involved with gambling. We include the Las Vegas casino profits for September 2019, along with an up-date in the impending sale associated with MGM Grand by MGM Resorts.

The expansion that is NHL for Seattle is in the verge of signing a deal with the Muckleshoot Casino in Washington state. Seattle Hockey Partners — made up of TPG Capital’s David Bonderman, Hollywood producer Jerry Bruckheimer (Flashdance, Top Gun, Black Hawk Down, Pirates of the Caribbean), and Tod Leiweke (ex-Seattle Seahawks CEO) — has the expansion franchise. The group has no name right now, but is anticipated to announce an official name by the 2019-2020 NHL All-Star Weekend.

Will the groundbreaking casino partnership pave the way for more casino-hockey relationships down the road?

Expansion NHL Franchise Partners With Tribal Casino In Seattle

hit rich casino

The NHL expansion franchise that depends in Seattle will not simply take the ice for the very first time until the 2021-22 season. However, they are already making some company deals due to the fact ownership group of the franchise has struck a partnership with a casino that is tribal Washington. The Muckleshoot Casino in Auburn, which is located just 40 minutes south of Seattle, are the casino that is official of the team and the KeyArena in Seattle. The casino will have sponsorship ادامه مطلب …