Macau casino mogul Lawrence Ho seems likely to be the first major gaming operator to move into the Russian market, as his company has signed an understanding to open a casino there. The move signals Russia’s intention to become a major player in the lucrative Asian casino market.

In the area

Ho’s casino-resort could be located in Primorye, one of four special areas set aside by Russia after a 2009 legislation prohibited all other casino gambling. The region of Primorye borders China and Korea, and also the casino is anticipated to be placed on the outskirts of Vladivostok.

‘a great deal of men and women don’t recognize that Vladivostok is A asian casino opportunity that is actually in Russia,’ Dean Macomber told The Wall Street Journal. Macomber may be the president of Macomber International Inc., an American company which includes consulted because of the casino industry that is russian.

That prime location could be the key to getting severe names in to the casino market that is russian. Many major casino brands have actually shied away from investing in the country due to a murky regulatory system and issues over hefty corruption. But the combination of the place and tax incentives have made a casino in Primorye a more proposition that is interesting.

Like Father, Like Son

Lawrence Ho is the son of Stanley Ho, the Macau-based casino tycoon whom once held a monopoly on all of the gambling into the Chinese encla Continua a leggere →

Since opening in 1971, Genting Highlands now known as Resorts World Genting has been truly the only legal destination to engage in land-based gambling in all of Malaysia. Nevertheless the massive resort is aging, while the Genting Group thinks it’s about time to offer the popular resort a makeover.

Resorts World Facelift

That’s why Genting has determined to spend over 3 billion ringgit ($937 million) on the next 5 years to refurbish and update Resorts World Genting, ideally turning it into a world-class resort place. The move comes as Genting has apparently been assured by the government that is malaysian their casino license is going to be renewed for the foreseeable future, once the facility operates on unusually short three-month gaming licenses that have been renewed continuously since 1971.

The improvements towards the present facility are anticipated to take several kinds. For instance, Genting will add another 1,300 hotel rooms, which should help the resort deal with increased interest by visitors from Asia and Singapore.

But probably the most exciting addition may well be a new theme park that will be exposed through a partnership with 20th Century Fox. The theme park will cover 25 acres of land and is expected to provide more than 25 rides and attractions themed around Fox movie properties like Alien, Ice Age, and Night during the Museum. Th Continua a leggere →

Sometimes it’s hard to determine who’s stupider: the thieves or the victim they’ve robbed. The following story might be described as a photo finish situation, however you decide.

Money and Carry

It seems David that is 29-year-old Hayes a gambler at the Hollywood Casino Columbus, in Ohio, was fortunate enough to win $35,800 on October 21, 2012; but that is where Hayes’ luck ended. In a lawsuit the Ohio man has since filed against the gambling operator, Hayes plus one of his solicitors, Joseph Landusky, claim that the casino forced him to take his winnings in the form of cash pitched against a check, and flashed their personal information to anyone waiting once he returned to his house later that night behind him in line, making him vulnerable to a subsequent home robbery.

The very fact that he left his straight back door open unlocked and accessible that night is but one return volley the casino is firing back during the man inside their legal response to his suit. Hayes claims two men that are armed his home, woke him, and demanded he hand over all 358 stacks of bound hundred-dollar bills before they took off without harming him.

Two of these rocket experts then actually bragged about the robbery to acquaintances, and have since been arrested and currently await trial; a man that is third whose connection to the robbery is unclear, is also being sought now.

T Continua a leggere →

Poor Bitcoin. It’s like Rodney Dangerfield: it can’t get any respect. Not from the people who could take it to the level that is next. And the very reason some touted it as the easiest way to go currency around online may be the exact reason it’ll never attain main-stream acceptance. At the least, in accordance with founder that is nTrust CEO Robert MacGregor, who is additionally a technology and alternative payments lawyer. The online vault systems founder (nTrust is not obtainable in the U.S.) has some strong opinions on Bitcoins and just why they remain lukewarm in reception overall to the world wide web exchange universe that is monetary.

Still Struggling for Mainstream Recognition

MacGregor recently coined an op-ed piece on Bitcoins, and shared his thoughts on why they will probably never be accepted by the mainstream banking worldwide entities as a currency that is real. MacGregor says the problem is not whether Bitcoins have enjoyed some acceptance, but whether they will ever get acceptance that is enough matter, and their response is: not much. And he’s not the one that is only believes so, either.

The nTrust CEO ascertains that, by the concept of money as something that can be used to buy things, Bitcoins have failed miserably. And to measure that, MacGregor claims, all you want to do is examine the reasonably tiny wide range of merchants whom a Continua a leggere →