casinonews

US businessman Steve Wynn expressed confidence that his casino company Wynn Resorts will continue conducting business in Macau after casino licenses begin to expire in 2020.The license of Wynn Resorts’ local subsidiary Wynn Macau will expire in 2022.

The UK government confirmed last fall that it would launch a crackdown into the gambling industry’s FOBTs sector by cutting the maximum stake.Facing criticism from the FOBTs opponents, MPs have denied that KPMG’s report had influenced their own analysis.

A few more details about the nearing regulation of Sweden’s online gambling market emerged late last week.The provisions covered several important areas, including licensing, taxation, and protection of gambling customers, once the Scandinavian country’s new gambling laws come into effect.

Fixed-odds betting terminals will ultimately have their maximum stake cut to £2, The Sunday Times reported citing unnamed sources close to UK’s new Culture Secretary Matt Hancock.It published its review last October, stating that it would cut the maximum stake gambling customers could bet on FOBTs.

The Dutch Gaming Authority, Kansspelautoriteit, said in a Friday statement that cryptocurrency investment regulation does not fall under its purview.The gambling regulator also revealed that it had conducted extensive research to determine the essence of investing in cryptocurrencies, of the virtual currencies themselves, and of the technology that powers them.

Professor Barrow said in his report that the new gambling venues would likely not be able to generate as much revenue during their first year of operation as they had promised.According to the gambling expert, the casinos would cannibalize proceeds from each other and from the other gambling venues in the region, instead of producing new revenue.

Las Vegas casino operator MGM Resorts International is planning to open its latest hotel and casino property in September.It has recently become clear that training courses for table game dealers will begin on February 26 and will run through the end of July.

The Philippines, Australia and Macau Magnates Join Forces in a Casino Deal The Philippines is the country which invented the karaoke and yo-yo.A country with over 7,000 tropical islands, and over a 100 million inhabitants is yet to be fully discovered by the rest of the world.

Buffalo, New York-based gaming and hospitality company Delaware North Companies confirmed on Thursday that it would buy Mardi Gras Casino & Resort in Cross Lanes, West Virginia for an undisclosed price.The casino portion of the property was first launched in 2008, a year after casino gambling was legalized in its home state.

The Dutch government is ready to move forward with the privatization of the state-run casino operator Holland Casino, local media reported.It was last year when the Lower House of the former Dutch government approved the proposed privatization of Holland Casino.

As many as 300 executives and administrative employees are expected to move in the new offices; around 50 have already moved in, local media reports.Located at 95 State Street in the central part of Springfield, the building that accommodates the operator’s new offices was originally constructed in 1929.

The 1,500-page legislative piece also included already highly contested changes in Greece’s casino industry and the way land-based casino owners are taxed.The massive bill also included provisions for the authorization of three new casinos on the Greek islands of Crete, Mykonos, and Santorini.

An Irish problem gambling organization is calling for a ban on the so-called free bets offered by online bookmakers and for the introduction of a set of measures that will ensure gambling products are advertised in a socially responsible manner, local news outlets report.Barry Grant from Problem Gambling Ireland told local media that politicians and regulators will have to focus their attention on free bets as one of gambling operators’ most popular means to attract new customers.

The online poker sector in Europe’s segregated markets is on the threshold of a new era, as first shared online poker tables are slated to go live within the next few weeks.What short-term effects on Spain’s online poker market do you expect from the start of the shared liquidity project?

It later on became known that Skrill will also stop processing deposits from Brazilian players to online gambling websites.Under the country’s long-standing gambling laws, most gambling services, Internet gaming and betting included, are illegal.

The final four days of partypoker MILLIONS took place on April 20-23.And aside from Lampropoulos, there was one more female player at the final table – UK’s Katie Swift.

The Greek islands of Santorini and Crete have voiced opposition to the government’s plan to allow the construction of three new casinos on three islands, local media reports.The reports have emerged shortly after the Mayor of Mykonos, the third Greek island mentioned as part of the plan, sent a letter to Greek Prime Minister Alexis Tsipras to express his discontent with the proposed casino expansion.

According to officials at operational casinos the new regulatory regime creates better conditions for new industry stakeholders.The proposed scrapping of an entry fee for patrons is yet another provision that existing casinos have received with discontent.

A draft bill that calls for significant changes within the nation’s gambling sector is currently under consideration by the Greek government.According to officials at operational casinos the new regulatory regime creates better conditions for new industry stakeholders.

Upcoming negotiations over the future of Macau’s six casino concessionaires and the special administrative region’s links to organized crime may have negative impact on a promising year for the city, risk mitigation expert and business consultant Steve Vickers said earlier this week.The consultancy recently produced the 2018 Asia Risk Assessment report, in which it included its vision on what the year could possibly have in store for Macau.
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