Mohegan Sun may have lost the battle for the Massachusetts casino, but that hasn’t stopped the business from bidding for a wildly ambitious $l.6 billion project that is new South Korea.

The tribal gaming operator is proposing to construct the nation’s largest gambling resort at one of many planet’s busiest travel hubs, Incheon airport terminal, close to the country’s capital town of Seoul.

The casino would function as the centerpiece of an also larger development that will add a twin-tower luxury resort with 1,000 spaces, a 20,000-seat arena, an amusement park, and nearly 200,000 square feet of shopping, food, and activity space. The casino itself would house 50 roulette and blackjack tables, and 1,500 slot machines.

‘It’s going to be a spectacular, multifaceted destination casino resort,’ Mitchell Etess, chief administrator of the Mohegan Tribal Gaming Authority, told the Boston Globe. ‘High-rollers can get on a private jet, land, and always check right to the hotel. It’d be perfect for James Bond.’

(We wonder if Bond is nevertheless playing poker arms such as usually the one that won him €115 million in the infamous Casino Royale scene where he beat out a dining table of flushes and complete hou Read more »

Competitive video games, or eSports, have seen their popularity grow by leaps and bounds in the very last few years.

Online sites that are streaming Twitch have made the games more accessible to fans, and even ESPN has broadcast a number of championship matches in games like Dota 2 and Heroes of the Storm.

And just like any endeavor that is competitive a big fan base and lots of players and teams to follow, it didn’t take a long time before the thought of gambling on matches started to grab steam as well.

Gambling on eSports is quickly becoming a big business, and lots of companies are searching to cash in on what may be the next growth marketplace for online betting.

Just this week, a startup that is new known as Unikrn launched a sleek web site that allows players from around the world (where online sports betting is legal, at the least) to wager on upcoming matches in League of Legends, Dota 2, Counter-Strike and other popular competitive games.

Unikrn Targeting Europe, Asia, Australia

Unikrn was founded in Seattle, though right now, fans in the united states of america can’t bet on matches: online sports betting isn’t legal in most of the country, and even live sports betting is fixed to simply a states that are few.

However for the business, that just means focusing on other markets for the time being, with Europe, Asia and Australia being targeted at the Read more »

Wynn Resorts Ltd is passing on the pain sensation of a drop that is sharp Macau gambling to its shareholders by cutting dividends by 67 percent, Bloomberg reports.

The gambling chain, which owns and runs the Wynn Macau casino resort, posted its profits for the quarter that is first of this week, while the news isn’t pretty if you’re an investor.

Revenue was hovering just under $1.1 billion, a lower figure than industry estimates of $1.12 billion.

As a result, dividends from shares spiraled downwards to 50 cents per share. That is clearly a third regarding the $1.50 given out in February.

Wynn Resorts Ltd also posted a $17.1 billion table games turnover in the VIP sector, a drop of over 52 percent compared to the same quarter year that is last. Table games return in the mass market sector was also down, by 7% to $279.6 million.

After the dividends results were announced, Wynn shares dropped 9 percent to close at $130.48.

Macau Clampdowns Affecting Everyone

The continuing crackdown on corruption in China is having a huge impact on the Macau economy. Chinese President Xi Jinping happens to be on a crusade the previous year or so to avoid thousands of public officials removing to the Macau peninsula with public funds.

The amount of cash allowed to be brought from the mainland to Macau, China’s sole arbiter of legalized gambli Read more »

The story that is old Roman emperor Nero fiddling while his city burned to the floor has a mythic quality that could be used to Vladimir Putin today. Facing an international scandal after Russia’s seeming involvement in shooting a Malaysia Air passenger jet out of the sky, the Russian president has chosen now to ok a new gambling area in Crimea; a small region simply to the south of Ukraine, where in actuality the horrific incident took spot a week ago.

Of course, unlike Nero, Putin remains firmly in control of all things Russian, and has now borne the brunt of surprisingly little international outrage over the incident that has been allegedly carried out under his army’s auspices.

Putin signed into impact a legislation this week that will transform the territory that is annexed of into a gambling zone for Russian holidaymakers. Into the light of recent events in Eastern Ukraine, Putin, faced with the prospect of increased US/EU sanctions, could quite possibly have chosen a more moment that is apposite make this particular announcement, but he could be nothing if not bull-headed, and it’s really clear he is determined to produce the area economically self-sufficient.

Russia annexed the territory that is largely russian-speaking the Ukraine in March, Read more »