Trump Plaza Owner Proposes Use of Tax Funds for Covering Casino’s Planned Demolition

Trump Plaza Owner Proposes Use of Tax Funds for Covering Casino’s Planned Demolition

by November 21, 2017

Billionaire investor Carl Icahn, who owns the shuttered Trump Plaza casino resort in Atlantic City, proposed the use of tax funds casinos annually pay to the city for the pending demolition of the aforementioned property.Under state law, Atlantic City-based casinos pay 1.25% ...

Japanese Developers Eye Casino License for Hokkaido Ski Resort

Japanese Developers Eye Casino License for Hokkaido Ski Resort

by November 20, 2017

A Japanese resort developer is planning to enter the race for one of the two casino licenses the country’s government is expected to grant as a result from last year’s legalization of casino gambling. Kamori Kanko, a Hokkaido private tourism company, announced late last week that ...

Casino Operator NagaCorp Explores Development Opportunities in Sunshine Coast

Casino Operator NagaCorp Explores Development Opportunities in Sunshine Coast

by November 18, 2017

Cambodian casino operator NagaCorp Ltd. might be interested in developing a casino resort in the heart of the Sunshine Coast in Queensland, Australia. Local news outlet Sunshine Coast Daily reported that representatives of the gambling company have visited the area to explore dev ...

Local Governments Should Decide Integrated Casino Resorts’ Fate in Japan

Local Governments Should Decide Integrated Casino Resorts’ Fate in Japan

by November 17, 2017

Speaking during the MGS Summit 2017 yesterday, the Chief Executive Officer of Capital & Innovation Co. Ltd, Mr. Takayoshi Koike claimed that it is not the central government that is entitled to select the gambling companies allowed to operate in the country, but the local one ...

Cyprus Casino Resort Project Progresses Smoothly Despite Hard Rock’s Exit

Cyprus Casino Resort Project Progresses Smoothly Despite Hard Rock’s Exit

by November 17, 2017

The withdrawal of Hard Rock International from the €500-million plan for the construction of Republic of Cyprus’ first casino resort has not deterred the progress of the project, a local gambling regulator said.Christos Mavrellis, President of the Cypriot National Gaming Com ...

Tullamore Casino Complex Proposal Gets Second Rejection

Tullamore Casino Complex Proposal Gets Second Rejection

by November 16, 2017

A proposal for the construction of a casino complex next to an existing hotel in the Irish town of Tullamore received another blow earlier this week. An Bord Pleanála, an independent, quasi-judicial body, rejected an appeal by the developer behind the project to allow its realiza ...

Caesars Eyes Japan Expansion with Two Casino Resort Plans

Caesars Eyes Japan Expansion with Two Casino Resort Plans

by November 16, 2017

Major hotel and casino operator Caesars Entertainment Corp. has presented two plans for the development of integrated resorts in two Japanese cities. The company revealed earlier this year that it would look to extend its global footprint to the Pacific Ocean island nation.L ...

Revel Suitor Acquires Site Near the Shuttered Casino

Revel Suitor Acquires Site Near the Shuttered Casino

by November 15, 2017

Manhattan financial services company Keating & Accosiates LLC announced on Tuesday that it has entered a contract to purchase a portion of land at Atlantic City’s Revel Beach that had previously been planned to be developed into a condominium complex.The site is located ...

Hard Rock International Unveils First Sign of Upcoming Entry into Atlantic City’s Casino Market

Hard Rock International Unveils First Sign of Upcoming Entry into Atlantic City’s Casino Market

by November 15, 2017

When Trump Taj Mahal opened doors in 1990, it was dubbed by former owner and current President of the United States Donald Trump as the eighth wonder of the world. The property reportedly featured the largest casino floor at the time.The Atlantic City Boardwalk venue was amo ...

UK’s Financial Conduct Authority Assumes Control over Binary Options Regulation in Early 2018

UK’s Financial Conduct Authority Assumes Control over Binary Options Regulation in Early 2018

by November 14, 2017

The UK Financial Conduct Authority will assume control over the regulation of the nation’s binary options industry, the financial regulator itself announced today. The FCA also issued a warning on the growing popularity of cryptocurrency CFD investing, arguing that the activity c ...

Choctaw Tribe Members to Vote on Proposed Casino Expansion

Choctaw Tribe Members to Vote on Proposed Casino Expansion

by November 14, 2017

Members of the Mississippi Band of Choctaw Indians will be able to cast their vote on whether they approve the construction of the tribe’s fourth casino this Thursday. The tribe currently owns the Golden Moon and Silver Star casinos in Choctaw and Bok Homa Casino near Laurel. ...

Andrew Tan Adds Ritz-Carlton Hotel to Resorts World Manila Casino Complex

Andrew Tan Adds Ritz-Carlton Hotel to Resorts World Manila Casino Complex

by November 13, 2017

Philippine businessman Andrew Tan will bring authentic Ritz-Carlton experience in his home country with the addition of a hotel of that brand to his flagship casino resort Resorts World Manila. Local media outlet the Philippine Star reported that the accommodation facility is exp ...

Trinidad and Tobago’s Temporary Gambling Tax May Become Permanent if Opposition Grows

Trinidad and Tobago’s Temporary Gambling Tax May Become Permanent if Opposition Grows

by November 12, 2017

The Trinidad and Tobago Finance Minister, Colm Imbert, said on Friday that the temporary taxation regime on gambling could become permanent, if the Opposition continues throwing criticism at the proposed regulation of the nation’s gambling industry. The Minster spoke during ...

Macau Legend Sells Casino to Focus on Macau Fisherman’s Wharf Redevelopment Project

Macau Legend Sells Casino to Focus on Macau Fisherman’s Wharf Redevelopment Project

by November 10, 2017

Macau-based hotel and casino operator Macau Legend Development announced earlier today that it is selling its 100% interest in New Macau Landmark Management, the company that manages The Landmark Macau resort in the world’s largest gambling hub.As revealed by the seller, the ...

Major Philippine Conglomerate Proposes PHP18-Billion Casino Resort in Cebu City

Major Philippine Conglomerate Proposes PHP18-Billion Casino Resort in Cebu City

by November 9, 2017

The Cebu City Mayor confirmed that a major Philippine company has expressed interest in developing an PHP18-billion hotel and casino resort on the Kawit Island, part of the Cebu province. JG Summit Holdings Inc., known to be one of the largest Philippine conglomerates, is plannin ...