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Tuesday, October 23, 2018

Casino – CalvinAyre.com
Philippine regulator complies with ‘no casinos on Boracay’ order

pagcor-boracay-casino-licenses-cancelledThe Philippine gambling regulator says it will comply with a task force request to cancel all casino licenses on the island of Boracay.

On Monday, local media reported that the Boracay Inter-Agency Task Force (BIATF) had sent a letter to Andrea Domingo, chair of the Philippine Amusement and Gaming Corp (PAGCOR), requesting that “any and all gaming franchise(s) and/or provisional license(s) in Boracay Island be cancelled by your good office.”

On Tuesday, the Philippine Star quoted Domingo’s special assistant Jose Tria Jr. saying that PAGCOR had responded to the BIATF letter by immediately ordering the permanent closure of all casinos in Boracay. The casinos were supposed to have closed six months ago when Philippine President Rodrigo Duterte — who appointed the BIATF members — ordered the island off-limits to tourists in order to facilitate an environmental clean-up.

PAGCOR further clarified that it had only issued two casino licenses on Boracay, including the unbuilt project proposed by Macau casino operator Galaxy Entertainment Group. Business Mirror had reported that the other casino, an operation run by Alpha Allied Holdings Ltd inside the Movenpick Resort & Spa, had continued operations despite the six-month shutdown order.

Tuesday’s report failed to mention Boracay’s other casino operations in the Crown Regency Resorts and Paradise Garden Resort, which had reportedly complied with the original shutdown order, but this compliance doesn’t appear to have earned them any brownie points. Local television quoted Tourism Secretary Bernadette Romulo-Puyat saying that casinos “cannot operate even if you are compliant” with BIATF requirements.

Department of Environment and Natural Resources Undersecretary Benny Antiporda echoed this warning, saying it was Duterte’s order that Boracay “is not a gambling area, it is a tourist area.” Anyone wishing to gamble in the Philippines “should just gamble in Manila” where casinos are abundant.

The post Philippine regulator complies with ‘no casinos on Boracay’ order appeared first on CalvinAyre.com.

World Casino News
Instant Win Gaming Limited partnering for further lottery success

Online instant-win games supplier, Instant Win Gaming Limited (IWG), has announced that it is partnering with fellow British firm, Inspired Entertainment Incorporated, in order to offer American lotteries a range of new virtual sports-themed titles. Kicking off with gridiron game: According to an official Monday press release published by European Gaming Media and Events, the collaboration will see […]
Tropicana Sportsbook The Latest Innovation In Casino’s 37-Year History
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As sports betting in New Jersey continues to reach new heights, one longstanding property has yet to enjoy the rewards. Emphasize “yet.” The NJ sports betting industry, thanks in large part to football season, has blossomed. Atlantic City casinos old and new have tapped into the market for additional revenue streams while using it as the foundation for … Continue reading "Tropicana Sportsbook The Latest Innovation In Casino’s 37-Year History"

The post Tropicana Sportsbook The Latest Innovation In Casino’s 37-Year History appeared first on .

Monday, October 22, 2018

Casino – CalvinAyre.com
New casino planned for Greece only sees applications from US operators

First there were six, now there are three. A planned casino in Elliniko, Greece initially drew interest from six casino operators, but there are now only three, and they’re all from the U.S.

New casino planned for Greece only sees applications from US operatorsLas Vegas Sands and France’s Group Barriere, as well as a conglomeration of smaller investment enterprises, were once in the running for the casino, but now all that remain are Hard Rock Café, Caesars Entertainment and Mohegan Gaming and Entertainment. In the days that follow, there should be additional clarification on the casino concession and discussion who might ultimately end up with the permit.

The casino will be built on the site of the former Athens airport at Elliniko. Negotiations to determine the operator have taken more time than initially anticipated and the final decision will more than likely not be announced until next year. In fact, it could be delayed to the end of March or the beginning of April.

The Hellenic Gaming Commission (HGC), which grants casino licenses in Greece, began discussing the casino project with operators at the beginning of August. A property development company, Lamda, signed an agreement with Greece in 2014 to covert 620 hectares (approximately 1,532 acres) at the site of the former airport into an integrated resort, complete with luxury residences, hotels, casinos and a yachting marina.

At the time, the HGC stated that the project would be a “world-class integrated resort casino operation as an important part of Elliniko, a project destined to transform the wider area of Athens and improve the lives of millions of residents of and visitors to our capital city, as well as to enhance the Greek tourism product and become a growth engine for the Greek economy.”

Greece has been struggling to recover from a long-lasting financial recession that has spanned decades. It asked for a bailout from the European Union, which agreed, along with the European Central Bank and the International Monetary Fund, to give it $331 billion provided it worked on revitalizing its economy. The resort is expected boost the country’s gross domestic product by around 2.4% and could attract as many as a million additional international tourists each year.

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World Casino News
International sales help push MegaMillions jackpot to $1.6 billion

The cash prize attached to the latest edition of the United States’ multi-jurisdictional MegaMillions lottery game now stands at a record-breaking $1.6 billion with this amount expected to rise even higher due to ‘unprecedented international sales.’ $2 billion prize a possibility: This is the opinion of theLotter.com with the global online lottery ticket purchasing service […]
Casino – CalvinAyre.com
Philippine task force to PAGCOR: cancel Boracay casino licenses

pagcor-cancel-boracay-casino-licensesA government agency created by Philippine President Rodrigo Duterte has asked the country’s gaming regulator to cancel all gaming licenses issued or promised to casino operators on the island of Boracay.

In May, Duterte issued an executive order creating the Boracay Inter-Agency Task Force (BIATF), which was tasked with imposing measures “to reverse the degradation of Boracay island.” The news came one month after Duterte vowed that there would be no casinos on Boracay once the island’s environmental clean-up was accomplished.

On Monday, Business Mirror published a letter sent by the BIATF to Andrea Domingo, who chairs the Philippine Amusement and Gaming Corporation (PAGCOR). The letter said that in light of Duterte’s pronouncements and the mandate given the BIATF, the group was requesting that “any and all gaming franchise(s) and/or provisional license(s) in Boracay Island be cancelled by your good office.” The letter closed by asking for Domingo’s “timely cooperation on this matter.”

The letter was undated but Business Mirror claimed it had been signed by three Cabinet secretaries following a BIATF meeting on September 28. Boracay was re-opened to Philippine citizens last week following its six-month closure and international tourists are expected to be welcomed back on October 26.

Assuming PAGCOR honors the BIATF request, the on-again, off-again $500m resort casino project of Macau operator Galaxy Entertainment Group (GEG) appears to be well and truly toast. It was only late August that GEG chairman Lui Che Woo was publicly reassuring investors that its Boracay project would eventually go ahead as planned.

The license cancellation would similarly doom a joint venture proposal by Genting Group and local tycoon Andrew Tan – the same tandem behind the Resorts World Manila casino – to add a casino to Boracay’s Savoy Hotel.

As for Boracay’s existing casinos – including those at the Crown Regency Resort and the Paradise Garden Resort – Business Mirror reported that some of these operators had observed the government’s instruction to shut down their gaming operations and would therefore be allowed to reopen their resorts to international guests later this week.

But the Movenpick Resort & Spa, which is owned by soft-drink magnate Alfredo Yao, reportedly never shut down its gambling business and its junket partners continued to funnel high-rolling gamblers to the Movenpick’s casino. It’s unclear why Philippine authorities apparently failed to enforce their shutdown order or what measures the Movenpick might face based on its alleged noncompliance.

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