500.com is a well-known Chinese, online sports lottery, and is one of the many companies that are keen to get involved in bringing an integrated resort to the popular province of Hokkaido in Japan. 500.com have put down $1.5B in a consortium it created with Kamori Kanko, a Japanese tourism company. Other companies that joined in on the bid include Vision Knight Capital, SIG Asia investments, and Sequoia Capital China. It seems as if everyone wants a slice of Japan’s promising casino market with big names like SunCity also wanting to stake a claim. The Proposed Hokkaido Resort The ideas… Read More
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FBI Bust of Underground Poker Includes Local Cops
FBI raided an underground poker location in Wichita Kansas, which included the arrest of cops and a state highway patrolman. The indictment released Thursday, January 18, 2018, states the fellow lawmen were involved in illegal gambling and hindered an FBI investigation. The three men arrested are Michael Zajkowski, Bruce Mackey, and Brock Wedman. The three men were in their middle ages between 45 and 50 years old. Wedman faces not only obstruction charges like the other two men, but also one count of lying. An FBI agent entered the game, posing as a player. Wedman was suspicious of the “new… Read More
Macau’s VIP Gaming Sector Is in for a Bumpy Ride
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
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