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   Friday, April 19 2024 
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Anti-corruption policy of Chinese President Xi Jinping had a negative impact on the activity of casinos in Macao during the first half of 2015. The profits of the major casinos in the area, where gambling is legalized, declined from 40% to 3 billion in the first six months of the year against 5 billion in the same period of last year. After several years of booming growth, annual revenues have declined suddenly after the Beijing anti-corruption measures. The number of high rollers Chinese has significantly decreased while they were driving the growth of casinos a few years earlier.

The president of the Chamber of D-Prestonsburg, Greg Stumbo, intends to introduce a constitutional amendment to legalize casino gambling in the state of Kentucky, in the United States, during the next session of the Assembly General which opening is scheduled in January 2016. Once voted by the residents, the future legislation will enable the construction and opening of a casino in the counties with more than 55,000 inhabitants. Note that the number of licenses to be granted will be limited to 7 and it is the Kentucky Lottery Corporation that will be responsible for overseeing this project which will bring millions of dollars in revenue to the state. To be specified that each district of Kentucky Convention shall be entitled its casino.

The division of the Gaming Enforcement had announced last Monday that the income of the casinos in Atlantic City had increased of 3.5% during the first semester of 2015. However, the total of the revenue of the city had decreased of 11.8% in comparison of the same period last year when they had more casinos opened. Indeed, the city had lost three casinos in one year while two others are in bankruptcy. Last year in June, the eight casinos still operating in Atlantic City generated $ 1.65 billion against 1.6 billion last year. According to the analysts, the increase of the revenue of theses remaining casinos is due to the reduction of the offers.

The Casino of Montreal had announced an increase in number during this summer whether in term of frequentation or revenue in comparison of the same period last year. According to the spokesman of Loto-Québec, Patrice Lavois, the casino of the state of Montreal has succeeded to change the tendency after five years of declined. Between June and the first week of the week of August, the revenues of the Casino of Montreal had decrease of 4.5 % and the rate of frequentation a decrease a rate of 1.8 %. This increase in this casino is due to the augmentation of the number of the tourists who has visited Montréal during this summer.

The construction of the casino Joa on the site Naval of Seyne-sur-Mer advances rapidly. The responsible of this casino planned to open this establishment for the mid of December and they work hardly for maintaining this goal that they had fixed. Now the site is still in construction, but it is already possible to distingue the different locals of the building: the parking, the reception, the room shows, playroom, the technical locals and the two restaurants. The setting out of water and out of air will be effectuate in the mid of September if we considerate the evolution of the site. The great deal is upstairs at the top of the establishment, which is supposed to receive the place of restoration. After this first step, the construction will continue with the technical finishing mainly the electrical equipment for slots machines, the lighting, the room shows. The arrangement of counters, bars, restaurants and kitchens is expected in October.

Smaller casinos in Brittany, in France are in a really difficult situation with the crisis and the competition. Suddenly, a new composition of the landscape of casino games is required. In recent months, we talk about the opening of a new casino in Vannes while the casino La Trinité-sur-Mer closed while those in Perros-Guirec and Carnac are on sale. The decline in attendance of land based gambling halls has a direct impact on sales. The Partouche Casino La Trinité-sur-Mer was in trouble for years, particularly following the opening of a casino of the Société bretonne d'exploitation des casinos (SBEC) in Larmor-Plage in September 2013. The Barrière group is also destabilized by the operations of SBEC in Morbihan. The turnover 2014 of Carnac casino was down by 25%. The group fears a further fall of 18% of its share in the market with the competition with SBEC in Vannes.

Isle of Capri Casinos decided to close the doors of its casino in Natchez, a city in the State of Mississippi on the banks of the river. The director of Isle of Capri, Virginia McDowell, said on Tuesday in a press release that decision. The Isle of Capri Casino is one of the 18 casinos along the Mississippi River between the cities of Tunica and Natchez. Since 2000, the casino proposed 520 slot machines and six table games. After many years of operation, the Natchez gambling establishment will be closed while the hotel and some non-gaming casino shares were sold for $ 11.5 million to Casino Holding Investment Partners, the owner of Magnolia Bluffs Casino. The transaction should be finalized by October 2015, if the customary closing conditions are well followed.

The gaming business in Maryland has increased dramatically during the last fiscal year that ended on June 30. According to the official report of the Gaming Control Agency and the Maryland lottery, the sale of lottery and casino revenues reached a record $ 1 billion. The new director of the agency, Gordon Medenica, said that the sector has increased by 19% compared to the previous year with revenues of $ 525 million for the lottery and $ 487 million for casino games. This high turnover in the casino and gaming sector was driven by the opening of the Horseshoe casino in Baltimore even if this figure is far below expectations. Opened in August 2014, this fifth State casino generated $ 60 million less than expected during its first years of operation.

The Massachusetts Gaming Commission announced Thursday that it would keep its commitment to approving the currently under-discussion "$ 650 million Brockton casino project". And that is quite a promising fact for the Mass Gaming & Entertainment, the only applicant running for a casino license in the region. Among the fervent supporters of the project include Brockton's Mayor, "Bill Carpenter". He recently voiced his concerns about the decisions some board members of the Massachusetts Gaming Commission would take to put an end to the process. Reality is that New Bedford, another competitor in the race, withdrew its license application last month, which is likely prompting the commission to close out the said process.

The White Earth Nation, operator of the Shooting Star Casino & Hotel in Mahnomen, announced its new casino project in Bagley, Minnesota. Designed by Cunningham Group, the project will be built from the month of September and should be completed in the spring. In its statement, the management announced that the project will create 40 new jobs for tribal members and other surrounding communities. The casino will be located in Clearwater County, on Highway 27 between the cities of Ebro and Bagley. According to the CEO of Shooting Star Casino in Mahnomen, Bill Marsh, extending its presence with the construction of a new facility is the best way to satisfy its customers. Marsh promised a new gaming entertainment experience in this area with the establishment of this new casino project.

The casino at Parc du Golfe, in France records a significantly higher attendance than the average estimation at its opening. Open since June 17, the facility receives 362 people a day on average, an influx well above the targets (300 people per day). The casino reached its record attendance during its opening day with 600 people. The casino is still in its temporary installation, but the numbers are promising. The temporary casino of Vannes offers currently table games and 65 slot machines, but the number of machines should increase to 75 in the coming months. Besides, five new slots should arrive in mid-September. According to Vannes casino CEO, Arnaud Mandret, the facility stands out from the competition with a high payout. A total gain of € 2.79 million has already been distributed since the temporary opening of casino at Parc du Golfe, among which many gains of € 6,000 on slot machines from 1 cent to € 2.

Decidedly, the quarrel between London casinos and their players is not far from ending. After Phil Ivey cheating case in a London casino, it is the turn of a Swiss businessman, an amateur of casino gambling to conflict with the Ritz Casino in London. Abdulla Al-Safa Geabury failed to prove face to the court his vulnerability to addiction to gambling and was forced to pay 2 million pounds (about € 2.845 million) to the casino. The case dates back to February 19, 2014 when Abdulla Al-Safa Geabury visited the Ritz Hotel Casino Ltd to indulge in his passion. The billionaire signed a check against chips. Having lost everything at roulette, he asked for a credit valued five million pounds, or about € 7 million. The casino refused to lend him the money and the player decided to not pay the original check.

Baccarat is a popular game in the casinos of Nevada. But in recent months, baccarat is experiencing a decline in attendance, a fact that impacted directly on the income of gambling establishments on the strip. In June, baccarat turnover for all the State casinos reached $ 64.7 million, which means a decrease of 53.7% over 2014. As a reminder, Baccarat turnover in June 2014 represents 154.8% of the previous month. During the first semester of 2015, its income fell by almost 20%. Players’ stake also declined by over 43% to 616.7 million dollars during the same period. All this has had an impact on the amount of money collected by casino on bets, only 9.4% against 12.4% over the same period of last year.

The hotel complex and casino project of several million dollars on the Gold Coast might finally become a reality. Indeed, the Queensland government seems to be favorable to the project after months of hesitation while maintaining its opposition to the site. The International Group ASF Consortium planned to build a hotel complex and a marina on Wavebreak Island but the project stagnated since the Queensland Labor Party (QLP) came to power. The government has fulfilled its commitment in the protection of Wavebreak Island and its precious natural assets. The Minister of Development of the State, Anthony Lynham, has just announced on Tuesday morning that the State of Queensland allows the ASF Consortium to continue its project on public land next to Sea World in Main Beach.

Opened in December 2014, the Joa casino of Lac du Der keeps its promises with the number of visitors that exceeded the targets according to its director, Philippe Fascella. According to figures shared by this 52 years man at the head of the casino of lac du Der, since last April, the facility attracted nearly 120,000 visitors. The novelty effect is in part the main reason of the increase in attendance. Note that the Joa casino of Lac du Der is the first casino in the Marne department. In its first opening day on December 2, the casino recorded a record number of 1,700 entries.

On the occasion of his visit to the fair of youth employment last weekend, the Secretary for Economy and Finance of Macao, Lionel Leong Vai Tac, estimated that the revenue of the casino in July would not exceed 18,4 billion patacas. The official figures are expected in early August. Macau is the only region where casino gambling is allowed in China. But despite this monopoly, revenues have continued to decline over the last 13 months. According to figures recorded over the scores of days of the current month, the Secretary for Economy and Finance is quite perplexed on revenue of July for them to exceed 18 billion patacas. And if there is an increase, it should not exceed one billion from last month. In June, gambling revenue of the six casino operators in Macao amounted to 17.4 billion patacas.

Mauritius will receive in a few years a new 5-star hotel with a private casino. This high-end project of 5 billion Mauritian rupees is the initiative of the businessman from Hong Kong and Mauritius, Desmond Chu, following the call of the Minister of Finance Vishnu Lutchmeenaraidoo encouraging the diaspora to invest in the country. Little information is known about this new project called Phoenix hotel in Grand Gaube. The promoters have already identified and selected a field of nearly 120 hectares for this project. The private casino will remain its main attraction. However, access is restricted only for tourists and foreign travelers. The idea is to attract high-end tourists and VIP players from Asian countries.

 
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