The Executive Committee of Brazil’s Federal Senate has appointed senator Veneziano Vital do Rego to represent the casino bill. First introduced in September of last year, the appointment is a clear indication that the Brazilian Government is aiming to accelerate the legislation for casino resorts within the country. The bill would allow for one casino in each of Brazil’s 26 states with 35-year concessions which …
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Mark Frissora, the President & CEO of Caesars Entertainment, continues his quest to win a Japanese ‘integrated resorts’ licence, a key initiative for expanding Caesars footprint beyond US shores. Last week, Frissora and Caesars senior executive team visited Japan, to gain cultural learnings, in a market that has been branded Asian gambling’s next ‘holy grail’. During the visit, Caesars announced …
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US gambling operator Caesars Entertainment is increasing its focus on winning a Japan ‘integrated resorts’ licence, forming a strategic ‘Japan Advisory Committee’. Global gambling stakeholders are closely monitoring Japan movements, as the Shinzo Abe government drafts the new ‘Integrated Resorts’ bill, allowing for Japan’s first casinos to be operated in ‘selected large-scale’ leisure complexes, which will cater for hotels, gaming …
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US business news sources have reported that billionaire casino magnate Sheldon Adelson will potentially invest up to $10 billion should Las Vegas Sands Corporation be granted an ‘integrated resorts’ license by the Japanese government. “It would be at least what we paid in Singapore, $6 billion including the land, but it could be as much as $10 billion,” Sheldon Adelson …
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NFL senior officials are set to review a new franchise proposition for the city of Las Vegas, which aims to migrate the Oakland Raiders to ‘Sin City’. Pitching the proposition’s serious intent, Las Vegas Sands billionaire Sheldon Adelson hosted a media day last Thursday with former England Football captain David Beckham in attendance. Adelson, the fifteenth richest man in US (Forbes …
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Israeli news sources have reported that the city of Eilat bordering the Red Sea, has been chosen as the preferred site for the country’s first licensed casino. Israel’s Ministry of Tourism is said to have conducted a review authorised by Prime Minister Benjamin Netanyahu. The Israeli casino project has been attached to long time Netanyahu backer Sheldon Adelson Chairman of …
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Republican Senator and US Presidency 2016 candidate Lindsey Graham has re-introduced the original interpretation of the Wire Act, by presenting to the senate the Restoration of America’s Wire Act, a legislation that would aim to effectively end most forms of online gambling in the US. The proposed legislation would renew federal restrictions on online gambling services, by reinstating the original …
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PokerStars’ attempts to get licensed in New Jersey have seemingly come a cropper because of the political ambitions of Governor Chris Christie and the might of anti-online gambling campaigner Sheldon Adelson. Christie has designs on the Republican nomination for the White House and the general consensus is that major donor and Las Vegas Sands owner Adelson will have a huge …
Read More »Last December Macau recorded a 30% monthly revenue drop, as the Asian gambling hub reported its first ever growth decline. Macau has been the focus of the Chinese Public Security Ministry’s fight against corruption and money laundering, a key public and political concern set out by Xi Jinping in 2014. The revenue plunge has accounted for a 40% fall in …
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Las Vegas Sands has announced the appointment of Robert. G. Goldstein as Chief Executive Officer. Robert. G. Goldstein, will take over leadership of the casino operator in the new year for the retiring Michael A. Leven. Billionaire Sheldon Adelson weill still be the Group CEO, but Goldstein will be trusted with taking the operational reins of the world’s largest gambling company, according …
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