Categories
TopSlots

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 stocks after Suncity Group, the spot’s VIP junket company that is biggest, reportedly warned its employees to take additional care when moving money to the Chinese enclave where gaming is permitted.

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

Wynn Macau, traded on the Hong Kong Stock Exchange, lost almost five % of its share cost on 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 financial newspaper, investors are fleeing on issues that China’s anti-corruption campaign is quickly to target VIP junket operations, for a long time a crucial part 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 regularly cater to the Asian elite.

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

Suncity Group warned workers recently to just take extra precautions when moving money to and from Macau gambl

Categories
TopSlots

Harrah’s New Orleans Blames Cigarette Ban for Declining Profits, Pennsylvania Casinos Set Record

Harrah’s New Orleans Blames Cigarette Ban for Declining Profits, Pennsylvania Casinos Set Record

Harrah’s New Orleans says the cigarette ban imposed by the city an ago this week has negatively impacted its gambling revenues and needs to be held accountable for the casino’s downward spiral year.

Harrah’s New Orleans say the citywide smoking ban is shuffling up revenues in the direction that is wrong.

Statistics provided by the Louisiana Gaming Control Board seem to back up those claims. Gross gambling revenue at Harrah’s New Orleans totaled $23.9 million in March, down nearly 21 percent through the $30.2 million the casino produced in the same thirty days during 2015.

Since 2007, all Louisiana workplaces and restaurants are smoke-free, but the law did not use to casinos and bars. Adhering to a New that is unanimous Orleans Council vote and Mayor Mitch Landrieu’s (D) signature, a city ordinance went into influence on April 22, 2015, that banned tobacco cigarette smoking and vaping on the casino floor.

‘ Slot revenue, Harrah’s largest source of revenue, is affected probably the most with slot revenue down 17 % in the time following the ordinance’s effect compared to prior year,’ Harrah’s spokeswoman Jade Brown-Russell stated. ‘In the 12 months relying on the smoking ban, Harrah’s has skilled video gaming income decreases in 10 of the 12 months.’

Clash of the Ash

Supporters of the air that is clean say Harrah’s is just searching for a scapegoat to position blame.

‘That’s been a

Categories
TopSlots

New Jersey Governor Chris Christie Requires Atlantic City Budget Slim Down for Municipal Workers

 New Jersey Governor Chris Christie Requires Atlantic City Budget Slim Down for Municipal Workers

New Jersey Governor Chris Christie is no longer crisscrossing the country on the presidential campaign trail, and thus the Republican, now in his second gubernatorial term, has more time for you refocus his efforts on issues facing his or her own state.

Nj-new Jersey Governor Chris Christie said enough will do on Thursday, calling on state lawmakers to assume control of the city. He made his case loaded with colorful graphs displaying the reckless overspending that’s become rampant in Atlantic City.

No concern is more paramount in New Jersey right now than Atlantic City’s current crisis that is financial. On Thursday, Christie told their fellow legislators that it’s into the city’s interest that is best to permit the state to take close control of its finances.

‘Even because of the support while the advice regarding the Emergency Manager that we applied in 2015, Atlantic City took only modest steps to rein their costs in,’ Christie said during the statehouse this week. ‘They face a $100 million spending plan shortfall this 12 months, $100 million spending plan deficit this season . . . These are the true numbers, this will be the math, and they are the facts, and there’s no debate relating to this.’

Park Place & Boardwalk Salaries

In Christie’s arguments, the governor highlighted exactly what he believes to be gross overspending on municipal workers. Armed with map

Categories
TopSlots

Nj-new Jersey Governor Chris Christie Calls for Atlantic City Budget Slim Down for Municipal Workers

 Nj-new Jersey Governor Chris Christie Calls for Atlantic City Budget Slim Down for Municipal Workers

New Jersey Governor Chris Christie is no longer crisscrossing the nation on the campaign that is presidential, and thus the Republican, now in his second gubernatorial term, has more time for you refocus his efforts on issues facing his or her own state.

Nj-new Jersey Governor Chris Christie said enough is sufficient on Thursday, calling on state lawmakers to take close control of the town. He made his instance loaded with colorful graphs showing the reckless overspending that’s become rampant in Atlantic City.

No concern is more vital in New Jersey right now than Atlantic City’s current financial crisis. On Thursday, Christie told their fellow legislators that it’s within the city’s interest that is best allowing their state to assume control of its finances.

‘Even aided by the assistance as well as the advice for the Emergency Manager that we applied in 2015, Atlantic City took only modest steps to rein their costs in,’ Christie said during the statehouse this week. ‘They face a $100 million spending plan shortfall this 12 months, $100 million spending plan deficit this season . . . They are the numbers, this really is the math, and these are the reality, and there is no debate concerning this.’

Park Place & Boardwalk Salaries

In Christie’s arguments, the governor highlighted exactly what he believes to be gross overspending on municipal workers. Armed with

Categories
TopSlots

Poker News: WSOP Bracelets For Zedan, Cazayous, Korenov

Poker News: WSOP Bracelets For Zedan, Cazayous, Korenov

We’re the biggest poker tournament of the year the 2019 World variety of Poker meaning a good amount of champions are coming down the pipe. Here are three notable players who became champs this previous week:

Russian Internet Poker Expert Korenov Wins Marathon Event

Roman Korenev, a poker that is russian best known for his online success, fought their way up to a World group of Poker Marathon event name this week in Rio. Korenev, who earned his first career gold bracelet with the success, took home $477,401 for the victory.

Korenev managed to outlast the field of 1,083 players at the Rio Casino to make the portion that is biggest associated with $2,553,714 prize pool. The 30-year-old gambling professional, who is from the city of Krasnoyarsk, had previously posted a most useful finish of fourth place at the 2016 European Poker Tour Barcelona when he netted just under $200K for that triumph. By the addition of his cash prize that is biggest up to now, Korenev has now earned simply north of $2.1 million in career live tournament earnings.

The cash was not easily earned as Korenev’s battle with upwards of the thousand other players. That included a battle that is heads-up American Jared Koppel that lasted more than five hours. Unlike various other tournaments, the slow-moving structure saw each player begin with 26,000 in chips, with each level associated with the marathon event lasting 100 minutes.

Zedan Dominates

Categories
TopSlots

Brazilian Becomes British Ireland Poker Tour Edinburgh Champion

Brazilian Becomes British Ireland Poker Tour Edinburgh Champion

The Title of the 2013 UK Ireland Poker Tour Edinburgh Champion went to Brazilian-born Nicolau Villa-Lobos who moved away with the title and the lion share regarding the prize-pool, pocketing £101,000 for first spot.

Starting the final dining table aided by the chip stack that is lowest at 313,000 chips, Villa-Lobos was in fact odds on favourite to finish in eighth place. Nevertheless, the skilled Brazilian fended off the competition to bring home the coveted titled from the Scottish capital after doubling their chip count in the first ten minutes of the last table commencing play.

Chris Derrick was the man who doubled Villa-Lobos’ chip stack after pushing in 285,000 chips, only to be beaten by the Brazilian’s pocket fours which had turned into quads by the river.

Shortly afterwards, Christian Bergstrom was eliminated during a call that is three-way Vladislav Donchev and Villa-Lobos. The high chip stack mixed up in call threw Villa-Lobos up to 1,600,000 chips, giving him the confidence he needed seriously to set their sights regarding the UK Ireland Poker Tour Edinburgh title after starting so low on the board.

Seventh place later went to Guido Braye after being knocked down by the hometown player, David Vamplew. This elimination shot Vamplew to the position of chip leader as he impressed his home support and raised hopes to become the hometown hero.

Vamplew then continued to push forward, causing Leeds ‘

Categories
TopSlots

Sportsbooks Celebrate the Return associated with the NHL with Generous Refund Feature on Overtime Games

Sportsbooks Celebrate the Return associated with the NHL with Generous Refund Feature on Overtime Games

The NHL returned to action Saturday night after several months of inactivity as a result of the possible lack of a bargaining that is collective involving the players and owners. A deal was finally hammered down significantly less than fourteen days ago, along with the want to get a shortened season started immediately, training camps were limited to simply one week, with no event games between teams, and the start of the true playing fast tracked.

It was a sad state of affairs for the NHL, its players, and its fans, coming off a season that saw the league earn record revenues. And as with most sports league strikes, it’s uncertain exactly how the fans will answer the return associated with the game. Many fans declared these people were done utilizing the league, and would no longer support it with their time or dollars. However, the scenario that is same been played out through several North American sports strikes, plus the fans always have a tendency to come back in fairly quick order and leave the league no worse off than it absolutely was previously.

That loss that is potential of nevertheless does not just impact the NHL, but also sportsbooks like GEObet.com. The online casino, poker, and sportsbook operator is giving their players a generous refund feature on any wager made on a Canadian-based team this season in an effort to ensure that their hockey wagering