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Genting Gambles in Florida with Uncertain Outcomes

Genting Gambles in Florida with Uncertain Outcomes

A rendering of just one portion of the proposed Resorts World Miami Genting casino resort project; the $3 billion project nevertheless hasn’t received a high sign from Florida lawmakers.

They state cash speaks, but in Genting Resorts World’s case, it’s maybe not been speaking as loudly as the company might like.

Despite pouring $236 million as a 14-acre waterfront Miami spread back last year and then sprinkling millions more into pressuring state politicians to ‘adapt’ a construction law to allow for a new $3 billion Resorts World Miami casino task, the Asian gambling conglomerate has largely met with nothing but resistance. So they’ve now decided for a new, less direction that is cumbersome the Sunshine State: a slots-only task that would pair them up with Gulfstream Park racetrack in Miami’s Key Biscayne area.

Antagonists Await

Of course, anytime a potential new casino operator shows up in a state, the very first thing that happens is some sort of anti-gaming coalition forms; and Florida has been no exception to that particular rule. Anti-casino group NoCasino.org is even releasing a movie mid-January called Pushing Luck that claims to show a ‘sobering glimpse’ of ‘broken promises’ from casino operators.
According to Genting’s new partner Gulfstream, the racetrack holds an as-yet-unused video gaming license that has the possibility of use with in either Miami-Dade or Broward counties, as the track rests simply between th Continue Reading →
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Las Vegas Revenues Rebounded Heartily in 2013

Las Vegas Revenues Rebounded Heartily in 2013

Las vegas, nevada’ advertising promotions positioning the city as hip and occurring seem to be working, based on 2013 revenue tallies

It has been awhile since Las Vegas could really upload any extremely news that is positive profits, but 2013 appears to have been a watershed year economically for las vegas. Figures posted end-of-year by the Nevada Gaming Control Board show a whopping 22.6 percent spike in gaming revenues for the month of November, adhering to a significantly flat October, a truth that promises to exhibit year-end that is excellent numbers once compiled.

Second Best of the Year

Turns out November was the 2nd best of the year for Las Las vegas Strip properties. Baccarat took home the gold literally with a 94 percent hike, while dining table games also pulled their weight with a 53.5 % jump, in comparison to 2012. Certainly nobody is ripping away slot machines, but it seems that old-school gambling is the moneymaker these days in the town of Neon.

Statewide, the picture was also a good one. Across Nevada, casinos took in $875.9 million in November, a bump of 11.9 percent when compared with the entire year prior. And even more encouraging, it had been the third hike that is monthly the last four months.

Las Vegas’ uber-successful marketing campaign of being the coolest, hippest, swag-est place to be in the world is apparently working when it comes to gambling because well; the Strip earned $529.4 million in Novem Continue Reading →

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Canadian Lottery Winner Donating Entire Jackpot to Charity

Canadian Lottery Winner Donating Entire Jackpot to Charity

Recent lottery that is canadian Tom Crist shown right here with his now-deceased wife Jan was in a charitable mood after getting a phone call from the Western Canada Lottery Corporation

Even if you were to win a big jackpot if you don’t play the lottery very often, we’re sure that you’ve imagined what you would do. We’ve all come up with answers to that relevant concern on our own: what we’d buy, exactly how we’d spend, and with which of our friends and family members we would share our newfound wealth. Many of us would additionally give some portion of our winnings to charities that are essential to us nonetheless it’s hard to imagine many people being nearly as generous as being a recent lottery champion in Canada has turned out to be.

Quite a Golf Game

Winner Tom Crist had been on getaway in California when he received a call from the Western Canada Lottery Corporation, alerting him to the reality that he had just won a $40 million (US$37.5 million) jackpot in the Lotto Max drawing the largest in the past history regarding the WCLC lotteries.

Normally, lottery winners do not understand their winnings via a phone call. But Crist who was playing golf in Palm Springs at the full time had beenn’t a typical lottery player. He had been on a membership plan with the lottery that automatically purchased tickets for him for each drawing. The WCLC examined their numbers automatically, and because is their policy, a Continue Reading →

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Nj Online Gambling Pays Off Bigtime for Lobbyists and Attorneys

Nj Online Gambling Pays Off Bigtime for Lobbyists and Attorneys

It’s good to be always a casino industry lobbyist or lawyer New that is representing Jersey gaming, in line with the latest reports (Image: thepublici.com)

Everyone else knows that whenever it concerns gambling, the house always wins. In the full case of online gambling in New Jersey, it seems that the lobbyists and attorneys do pretty well on their own, too.

Help Services Make Bank

Based on disclosures posted by the nj-new Jersey Division of Gaming Enforcement, the on line gambling industry has resulted in $50.3 million in payments to lawyers, lobbyists, and other professionals since mid-2009. The numbers came just days before the revenue that is first are scheduled to be released for New Jersey casino sites, and are element of an unusual requirement in New Jersey that demands disclosures for several professional payments.

‘Many states have statutes requiring public disclosure of revenues by lobbyists, including New Jersey, but here is the time that is first have actually ever heard about a gaming regulatory agency needing disclosure of payments to lawyers,’ said Nicholas Casiello Jr., a lawyer aided by the Fox Rothschild company’s gaming team in Atlantic City.

This first report covered everything from July 2009 through December 2013, with future reports being made public for a quarterly foundation.

The biggest ‘winner’ in terms of legal services was Brownstein Hyatt Farber Schreck, L.L.P., which made $ Continue Reading →

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