Success is simple. Do what's right, the right way, at the right time. —Arnold H. Glasgow |
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31st January 2018 | SHARE THIS | ||||
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The Story | |||||
Casino operator Crown Resorts Ltd. has completed the sale of its vacant Las Vegas lot to Wynn Resorts subsidiary Alon Las Vegas Resort LLC, which is part of the disposal of its $300m assets in the United States. |
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This marks the end of Crown Resorts’ expansion dreams. |
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The Australian-listed company initially planned to construct an integrated resorts called Alon on the lot. However, Crown failed to raise the $2b capital to set the construction of the project in motion. James Packer also conceded that the arrests of some of his staff in China affected their global expansion plans. The sale of the Las Vegas lot is part of a $566.79m package of asset sales in Australia and overseas which include the sale of around 4.2m shares in Caesars Entertainment Corporation and 50% interest in the Ellerston property in the NSW Hunter Valle; and the disposal of its 62% interest in online sportsbook CrownBet. |
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Regulators still uncomfortable combining land-based, online gambling |
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In this interview with CalvinAyre.com’s Stephanie Tower, Dynamic Partners’ managing partner Harmen Brenninkmeijer explained that combining land-based casinos with online gambling will attract more customers, particularly the younger players. |
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Samsung begins manufacturing cryptocurrency mining hardware |
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The South Korean behemoth has thrown its hat in the cryptocurrency game after it started the production phase for ASIC (application-specific integrated circuit) miners and other peripherals for mining cryptocurrencies. |
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3 Indian states fail to remit $146.7M in lottery tax dues, officials say | |||||
The Maharashtra finance department has warned administrators of the states of Arunachal Pradesh, Sikkim, and Mizoram to remit INR933 crore (US$146.7m) in lottery taxes or risk facing charges. |
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Report urges Greece to stick with 35% online gambling tax | |||||
Grant Thorton released a report advising the Greek government to keep its tax in all online gambling revenue at a flat rate of 35%, saying that the high rate will remove any cap in the number of online licensees. |
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US Treasury Dept. drops hammer on Laos’ King Romans Casino | |||||
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has frozen all U.S. assets of Zhao Wei, a co-owner of the Kings Roman Casino in Laos, for his alleged involvement in narcotics, illegal acquisition of exotic animals, and human trafficking. |
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If you are considering getting influencers on Twitter for your brand, it is essential that you do a research about them. Make sure that your chosen influencers will want to engage with your content and will not be offended by your approach. |
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NetEnt’s Mega Fortune slot secures SlotMillion’s first ever millionaire |
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The digital solutions provider has announced that a UK-based player has pocketed €2,553,604.67 jackpot while spinning the reels of its progressive jackpot slot, Mega Fortune. The player, who wished to remain anonymous, registered with SlotsMillion just a few days prior to his win. |
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Congratulations to online casino operator Videoslots.com for being named as the Best Casino at the 2017 Meister Awards. Videoslots was also awarded Best Casino Manager, Best Gaming Experience and Best Casino Representative. |
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Want to be a guest contributor? Email [email protected] |
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