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Guam Government facing uphill struggle under heavy bills – might reconsider opening casino gambling

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The government of Guam, which has been in an uphill struggle under the weight of heavy bills to be paid off, might reconsider opening the door to casino gambling, an idea that the voters did not give a nod repeatedly in past elections.

Governor Eddie Calvo briefed on Tuesday that it might be the ripe time to start the conversation about legalising casino gambling to raise cash.

He added that he had recently returned from a trip to Saipan, where the Chinese-owned Imperial Pacific International casino was reportedly handling gambling bets of over $2 billion a month.

“I’m not saying I like it because I don’t particularly care for (casino gambling),” said the governor, adding later, “We got to look at casino gambling.”

Though he is not necessarily endorsing the casino idea, the governor said, in awe, that local lawmakers in Saipan had to hold additional legislative sessions because of surplus tax revenues that have been generated out of the casino operation.

He also talked about how, during a recent visit to Saipan, he was allowed inside a backroom of high rollers, where one gaming chip, or “bar,” could be worth $300,000.

This is an idea that must require a lot of public input, and a lot of transparency on the part of the government, especially the sponsors of a proposed law – if the idea ever progresses into a piece of legislation.

Some of the past proponents of casino gambling on Guam have pointed out that there is a way to allow a controlled casino environment to ensure the local population’s cash is not siphoned off by the future casino.

One option proposed in past casino proposals was to restrict casino access to travellers who can show proof of arrival and departure plane tickets – as a way to try to keep Guam residents’ lives from getting ruined by casino gambling addiction.

It has been decades since Guam banned poker machine parlours, but the stories of families squandering fortunes and neglecting young children have lived on.

Some international tourism destinations do have certain casinos as part of their offerings for visitors to experience.

The question is, is Guam the right environment for this type of tourist draw, in light of the heavy emphasis on the island as a family-friendly, safe destination for international tourists?

And is Government of Guam so desperate for cash that it might entertain the casino gambling idea that voters have repeatedly rejected?

If Guam voters were to vote on a casino gambling initiative again, it might be best to do it in an environment where the island government is in a position of strength.

This means casino gaming should be discussed and decided, if at all when GovGuam is not in dire need of cash. This way, future casino investors would not squeeze GovGuam into certain terms that could leave the island with more financial baggage than it bargained for.


Source: European Gaming Media and Events

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SLS Las Vegas to launch sports betting tournament during football season

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SLS Las Vegas to launch sports betting tournament during football seasonReading Time: 1 minute

SLS Las Vegas Hotel & Casino will launch a special sports betting tournament during the upcoming football season. The resort will offer fantasy drafts, food and beverage specials, viewing parties and more during the matches. Starting Thursday, 6th September, whether watching pro football Thursdays, Sundays and Mondays or college football Fridays and Saturdays, Umami patrons can enjoy a variety of game day specials.  The Sayers Club will also host viewing parties Saturdays and Sundays throughout the season on six big-screen televisions.

Guests aged 21 and up are invited to stop by the state-of-the-art William Hill Sports Book to place bets on their favourite teams. Sports book patrons have access to innovative wagering technology, including William Hill’s market-leading mobile betting platform available on iPhone, iPad and Android devices. Additionally, the sports book features an expansive HD video wall for viewing of sporting events and betting odds, as well as fully automated InPlay wagering.

 

Source: focusgn.com


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Authentic Games obtains UK gambling license

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Authentic Games obtains UK gambling licenseReading Time: 1 minute

Authentic Games, the Malta-based Live casino specialist has obtained a service provider license from UK Gambling Commission. The license will allow it to provide its whole range of games and products to UK operators and players.

The company’s product range includes the flagship Authentic Roulette product, which live streams from roulette tables located on the floors of premium casino resorts in Malta, USA, Romania, Georgia, Italy and Denmark.

Authentic Gaming recently opened a new Arena studio in Malta, and has a client list that includes Leo Vegas, Mr Green, and all Kindred Group brands including Unibet.

The studio contains six Live Auto Roulette tables with four different game formats: Classic Roulette, Speed Roulette, VIP Roulette and a never-seen-before variant, Blaze Roulette.

Blaze Roulette is set against a game show backdrop. The game table is lit with LED lights, and a giant video wall that completes the showbiz theme. Blaze is the only “game show” style Live Roulette game dedicated to roulette players.

Jonas Delin, CEO of Authentic Gaming, said in a statement Monday: “The UK is a key market for us as we continue to expand into regulated jurisdictions around the world. With nearly half of our client base holding a UKGC licence, we are eager to bring our games to market.”

 

Source: reviewed-casinos.com


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Crown Resorts’ profits suffer massive dip

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Crown Resorts’ profits suffer massive dipReading Time: 1 minute

The company has reported its full-year results, which fell to US$558.9 million.

Crown Resorts, one of the biggest gaming and entertainment groups in Australia, reported a steep fall in its profits. According to the latest financial results, the company’s profits have decreased by 70 per cent to US$558.9 million. This is significant because the company sold its facilities and business ventures in Macau last year.

This has been a problem year for Crown Resorts. Its board member James Packer left the company and 19 of its executives were arrested in China. However, not everything is lost. Despite the 70 per cent dip in net profit, there is a 12.7 per cent increase in normalised profit to US$385.6 million. It also registered a 5.4 per cent increase in operating revenue to US$3.4 billion.

John Alexander, Executive Chairman of Crown: “Crown’s full-year result reflects a solid performance from our Melbourne operation and continued subdued trading in Perth. VIP program play turnover in Australia of US$51.5 billion (up 54.5 per cent) was a pleasing outcome, particularly at Crown Melbourne (up 73.9 per cent), given the difficult trading conditions.”


Source: European Gaming Media Latest News

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