Macau’s famous VIP gaming sector has been forecasted to decelerate in the second half of the year. Although Macau’s VIP gaming sector actually performed much better than expected in 2017, Bernstein, a well-known brokerage, has predicted that there will be big changes in 2018 because of what they’ve described as ‘structural headwinds’. Reasons for the Forecasted Deceleration in 2018 There have been numerous issues predicted for 2018 that will affect the VIP gaming sector in Macau. These issues are not all speculation; some of them have been confirmed to be introduced such as: Property cooling measures instituted by the Chinese… Read More
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Buenos Aires Governor Makes Major Changes to Casino Industry
New laws with regards to Buenos Aires’ casino industry have been introduced by the province’s governor, Maria Eugenia Vidal, who also recently ordered the closure of 3 casinos. Vidal’s Time in Office and Its Affect on Gambling Maria Eugenia Vidal has been governor of the province of Buenos Aires in Argentina for the past two years. In that time Vidal has kept all types of gambling in Buenos Aires under surveillance, including all online gambling. In the past two years, no new machines have entered casino floors and zero lottery agencies were opened. Vidal, during her time in office, has… Read More
Jeju Shinhwa World Casino Still Not Opening Yet
For those who have been waiting for the Jeju Shinhwa World resort casino to be opened, the wait just got longer as the date has been pushed back yet again. The casino’s management cited a delay in the transfer of a casino license from a different casino as the cause of the setback. Initially, the opening date was scheduled for December 8 and it was going to be operated by Hong Kong’s Landing International Development. The first round of the delays pushed the launch date to January 18th this year but this did not also come to pass with the… Read More
Atlantic City Anticipates Big Win in 2018
Atlantic City is set to see its renaissance in 2018 according to gambling operators. The threats that have plagued the financially stranded city’s entire existence are slowly fading and soon it will regain its once great reputation as an outstanding gaming hub. First, Atlantic City’s reemergence will see the last traces of President Trump’s former casino empire finally get blown to the wind when the former Trump Taj Mahal is reopened as the Hard Rock Hotel and Casino Atlantic City. The Taj Mahal was purchased last year by Hard Rock International from renowned billionaire investor Carl Icahn for $50 million… Read More