Macau Casino Stocks Plunge with VIPJunket Ops in Beijing’s Anti-Corruption Crosshairs

Investors folded on Macau casino stocks after Suncity Group, the location’s VIP junket company that is biggest, reportedly warned its employees to take extra caution when moving money to your Chinese enclave where gaming is permitted.

Billionaire Steve Wynn was one of the casino magnates who 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, destroyed nearly five % of its share cost in 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 vital section 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 former Portuguese territory that is today a tax haven where casinos routinely 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 take extra precautions whenever money that is moving and from Macau Continue reading

Will Aussies Ban Pokies? New Legal Challenge is Putting Money on It

A brand new lawsuit will seek to ascertain that the slots industry in Australia is in breach of consumer law since they’re deceptive and inspire addiction.

Australian poker devices (‘pokies’), or slots, since they are known in the US, are an industry that is multi-billion-dollar. Did you know, for example, that you can find five times more slot machines per capita in Australia compared to America? Or that over the last 12 months, growth in gambling has outpaced the growth of the Australian economy by 100 percent.

Politicians, anti-gambling groups, religious organizations, etc., are profoundly concerned about what they see as a gambling epidemic in the united states. And maybe they must be.

Aussies invest more per at once gambling than any other country in the world, studies show; an extraordinary $1,179 in 2011-12. That’s above twice as is gambled per capita in america and three times as much as in the UK.

The majority of this goes on pokies. Australians lose around $11 billion annually regarding the machines, which constitutes very nearly two-thirds of the nation’s gambling yield. And curiously, while gambling spend is up these full days, the proportion of the population actually engaging in gambling has dropped over the last 15 years, from 80 per cent in 2000, to 68 percent in 2014.

Machines are Deceitful

With figures adjusted for inflation, and assuming these statistics are proper, which statisti Continue reading

Barbara Sinatra, Frank’s Fourth Wife and Icon of Vintage Vegas, Dies at 90

Barbara Sinatra, wife of iconic entertainer Frank Sinatra and one of many last links to vintage Las Vegas, died Tuesday at age 90. She had held it’s place in decreasing health the past few months and died of natural factors, surrounded by family members in her home in Rancho Mirage, California.

Philanthropist Barbara Sinatra, a former showgirl and Frank Sinatra’s fourth wife, died Tuesday at the age of 90.

While her third husband was famous for their performances on the Strip, showing up with fellow singers Sammy Davis, Jr., and Dean Martin as area of the renowned Rat Pack, she too had an association that is strong the Sin City and its glamorous casino image.

A model who won a beauty competition in Long Beach, Ca, Sinatra arrived to Sin City to work as a showgirl at the Riviera. There she came across Zeppo Marx, whom she married in 1959. The 2 would ultimately settle down in Rancho Mirage, the toney desert city 120 kilometers east of l . a ..

Meeting Ol’ Blue Eyes

With Marx’s connections, Barbara quickly started socializing with most of the Hollywood elite. One of her neighbors was Sinatra. The two began a friendship her to play tennis with his ex-wife, Ava Gardner after he asked.

For decades, the two remained nothing but buddies, based on Hollywood biographers. She was still married to Marx when they met, and the two, along with Sinatra and then-wife Mia Farrow, would travel to Las often Las Vegas Continue reading

Russia Casino Development Web Sites for Sale, Unclear If Any Companies Are Rushing In

Three casino that is russian parcels reserved for gaming and resort development take the auction block near Vladivostok. The world’s largest country was trying to transform the Far East port city into a bustling entertainment and gambling destination that attracts tourists and high rollers from Asia, South Korea, and Japan.

Eight years after Primorsky obtained approval to generate its version that is own of vegas Strip, just one Russia casino has been built into the ‘gaming zone.’ (Image: Derek Strahan/Lost brand New England)

Some 30 miles northeast of the city in 2009, Russia’s federal government authorized a gaming strip. The plans called for up to seven casinos so that you can create an entertainment destination that is integrated.

But today, Vladivostok houses simply one casino, Tigre de Cristal.

According to GGRAsia, which first reported the Russia casino site deals, certainly one of the listings is land that was previously awarded to A russia-chinese investment group back in 2015. But, the venture’s failure to develop the resort lead in fines, and ultimately, the forfeiture associated with the land.

The three lots total roughly 102.5 acres. Vladivostok is largest city in the Primorsky Krai province.

Russia remains confident in can produce a mini Las Vegas or Macau north associated with the congested port city. President Vladimir Putin is strongly against gambling, but has allowed the c Continue reading

Poker News: Draymond Green on Poker After Dark, Bardah Survivor Loss

Poker News: Draymond Green on Poker After Dark, Bardah Survivor Loss

This week’s poker news starts us down by having a poker professional who is good at surviving the poker tables but not reality shows. Poker pro Ronnie Bardah had been booted from Survivor in another effort that is disappointing poker benefits regarding the show.

Poker Pro Bardah Kicked Out On First Survivor Episode

Poker Ronnie that is professional Bardah known for his instincts and capability to read their opponents. However, those skills apparently didn’t translate in his first stint on a reality tv series Survivor. Bardah was booted off the show in the very first episode associated with the season that is latest if the tribe made their decision.

According to Bardah, he knew that which was coming before it even occurred after picking up informs from his opponents he was at trouble. Apparently, Bardah didn’t select those clues up quickly enough to accomplish anything about it or to change their minds before they casted their deciding votes. The 36-year-old World Series of Poker bracelet champion while the record holder for the most consecutive cashes into the WSOP primary event was kicked out of their tribe for a 7-2 vote.

Bardah was the poker that is fourth to appear on the show over the years. He followed in the footsteps of Jean-Robert Ballande, Garrett Adelstein, and Anna Khait. Adelstein and Khait in particular both suffered exits that are early the show also.

Warriors All-Star Forward Green Strugg Continue reading

Anticipation and Excitement as Aussie Millions 2013 Just One away day

Anticipation and Excitement as Aussie Millions 2013 Just One away day

The Melbourne poker scene is abuzz in anticipation of this season’s Aussie Millions Poker Championship which is set to display some of the world’s biggest talents in the poker world.

Taking destination every January during the Crown Casino in Melbourne, Australia, the Aussie Millions Poker Championship boasts the title regarding the largest, longest and most event that is prestigious the gaming calendar in the Southern Hemisphere. Estimates suggest that more than 20,000,000 hands are dealt at the Crown’s Aussie Millions over the past 10 years.

This year marks the Aussie Millions Poker Championship’s 11th anniversary, over which time it’s grown to become ranked high in the international poker scene, second only to your World number of Poker (WSOP).

The main event, which will dsicover some of the world’s biggest names in the game, is set to achieve its final stage on Saturday February third, and you will be televised nationwide and internationally throughout ensuring eager fans and spectators don’t miss a moment of this exciting tournament.

The competition commences this January seventeenth and will consist of 26 championship occasions, all leading to one event that is main with a prize-pool expected to achieve and exceed $20,000,000. This enormous prize is sure to create some fierce competition from the 4,000 plus individuals expected to participate as they each shoot for fame, riches and a lion share Continue reading