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Macau Casino Revenues Down for Third Straight Month

Macau Casino Revenues Down for Third Straight Month

Macau casinos’ gaming revenues were down for the 3rd month that is consecutive August. (Image: TripAdvisor.com)

Macau casino revenues may not be as dazzling as years ago, but the Chinese enclave is in no danger of losing its position while the world’s gambling hub that is largest. In terms of pure revenues, Las Vegas and other urban centers merely can’t compete with the tremendous quantities of money that are thrown around at Macau’s baccarat tables every day. But with regards to what seemed like the growth that is endless the area, it appears that the party could be over.

For the 3rd right month, Macau’s gaming revenues dropped on a year-over-year basis. For August, the drop ended up being 6.1 percent in comparison to 2013, a tumble blamed on a continued campaign against corruption that has hurt the movement of money from mainland China.

Raw Numbers Still Good, But Growth Has Stopped

That fall defintely won’t be making the gambling enterprises in Macau cry poor anytime soon, however. They still earned 28.9 billion patacas ($3.6 billion) the thirty days. But analysts had predicted just a 2 % decrease in gambling revenues, making the size of the decrease one thing of a surprise at significantly more than three times that number.

The casino market in Macau has usually relied heavily on VIP gamblers whom might spend hundreds of thousands or even an incredible number of dollars in a visit that is single. That market is feel (more…)

MGM Resorts Pays $225,000 Settlement to New Jersey

MGM Resorts Pays $225,000 Settlement to New Jersey

Terry Christensen, previous board member of MGM Resorts, imprisoned in 2006 for their part in wire-tapping

MGM Resorts Global is eager to regain a fresh Jersey gaming license for the first time since 2010, when it attempted to sell its stake into the Borgata and ceased operations in their state.

It has been announced this week that the company will spend a $225,000 settlement to nj-new Jersey regulators to resolve an issue that is decade-old to the shady dealings of its board members.

Since well as serving on the MGM board for nine years, attorney Terry Christensen was a 40-year adviser that is legal personal confidant to billionaire casino mogul Kirk Kerkorian, the company’s major shareholder.

Christensen was in fact president of Tracinda, an investment that is private set up by Kerkorian, in 1987, in which he had also assisted set up MGM Grand Air and MGM Grand Corp.

However, in 2006 he was indicted and charged, with celebrity investigator that is private Pellicano, with bugging the phone of Lisa Bonder, Kerkorian’s ex-wife. Christensen received a prison that is three-year while Pellicano got 15 years.

However, the beef with the New Jersey Division of Gaming Enforcement (DGE) appears to be that MGM continued to consult Christensen on a quantity of matters after his resignation from the business’s board and subsequent criminal conviction.

Under New Jersey Gaming legislation nobody with a criminal conviction may be engaged (more…)

Daniel Colman Moves into Poker Stratosphere with SHRPO Profit

Daniel Colman Moves into Poker Stratosphere with SHRPO Profit

Daniel Colman scored another winnings in just what has been an amazing 2014 for the poker pro. (Image: pokerarena.cz)

Daniel Colman may not be the most beloved poker player in the world, but he is certainly creating a case for being one of the best, or at least one of the hottest, this year. And if there was any doubt as to just exactly how good a 2014 he was having, Colman caused it to be clear with his performance during the Seminole tricky Rock Poker Open (SHRPO) Main Event this week.

Colman battled through a tough final table and then dominated in heads up play to win the SHRPO Main Event, and also a $1,446,710 first prize. It marks the time that is fourth has won a competition rating of at the least $1 million this year.

Big One for starters Drop Winner

For those who don’t remember, Colman was the winner of the year’s Big One for starters Drop, the $1 million buy-in charity tournament held at the planet Series of Poker (WSOP). Colman gained notoriety not just for winning the tournament and its $15.3 million prize that is first also for coming across unhappy (or, at least, uninterested) after winning. Later, he commented that he saw poker as ‘a very game that is dark and wasn’t enthusiastic about marketing his victories or the game itself.

But that has been definately not the noise that is only’s made regarding the tournament scene this year. At the European Poker Tour Grand Final in Monte Carlo this cou (more…)

Caesars Atlantic City Hit in $181K Heist. Two thieves robbed at gunpoint

Caesars Atlantic City Hit in $181K Heist. Two thieves robbed at gunpoint and got away with more than $180,000 from Caesars Atlantic City on Monday.

Things aren’t great right now in Atlantic City. Gambling enterprises are shutting, profits are dropping and profits are drying up month after month. It is a time when resorts are carefully monitoring every buck that comes in and out of their balance publications. In a nutshell, it’s in regards to the time that is worst possible for the six-figure sum to go lacking in one of this city’s casinos.

Based on police, two masked thieves walked out of Caesars Atlantic City with increased than $180,000 on Monday after a raid that is smash-and-grab the casino. The robbery reportedly happened on Monday early morning, though police did not immediately release information that is much the details of the crime. In accordance with United States Of America Today, trooper Alina Spies said that police were investigating the matter, but that they don’t want to give any information which may hinder the research that was underway.

Early Morning Robbery

Neighborhood media, citing authorities sources, stated that the robbery included two suspects whom entered Caesars Atlantic City around 6 am. One or more of them had a gun and pulled it before stealing two synthetic boxes that contained the stolen cash. They then fled the scene in car at approximately 6:20 am, according to a police bulletin.

The situation is being investigated by the New Jersey (more…)

Revel and Showboat Close in Atlantic City Over Work Day

Revel and Showboat Close in Atlantic City Over Work Day

The Showboat and Revel Casinos in Atlantic City shut their doors for the time that is final Labor Day weekend. (Image: CapitalOTC.com)

It was the conclusion of the road for Revel and Showboat this weekend while the two Atlantic City casinos shut their doorways for good. For gambling enterprises in this seaside resort town, Labor Day is generally a celebratory time regarding the year aussie-pokies.club. The original ‘end of summer’ in the United States, the three-day weekend should be a booming time for this new Jersey gambling hub, as both gamblers and tourists will come to take pleasure from a three-day week-end plus some beach weather that is great.

But for these two casinos within the beleaguered city, this 12 months’s Labor Day weekend marked the final curtain. The Showboat Casino ended a run that is 27-year Atlantic City on Sunday, while the Revel began their two-day shutdown on Monday. The two closures brings the amount of gambling enterprises within the city down to nine, lots that will drop to eight as soon as the Trump Plaza resort closes later this month.

Showboat Closed Despite Staying Profitable

The Showboat Casino resort had been one of four casinos in Atlantic City owned by Caesars Entertainment (Bally’s Atlantic City, Caesars Atlantic City and Harrah’s Resort Atlantic City being the other three), and for the business, that has been just one single too many in the market that is shrinking. They hope that closing one c (more…)