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Las Vegas Sands is not going to open casino in North Korea

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Las Vegas Sands is not going to open casino in North KoreaReading Time: 2 minutes

US casino operator Las Vegas Sands denied the reports that it is going to start a gaming venue in North Korea.

It was reported earlier that the company is planning a North Korean venture. Sheldon Adelson, the company boss, hinted in meeting in Jerusalem, where he was born, that the recent dialogue between the US and North Korean governments could pave the path to open business opportunities in Korea. These are his exact words:

“I wasn’t born here. I wasn’t raised here, I didn’t serve in the army here. I did serve in the United States Army. I’m a veteran of the Korean War. Actually, I hope Trump gets North and South Korea to finish the war. I feel as though I might be called back up. I fight enough. I don’t want to go back to Korea to fight. I want to go back to Korea to open up my business.”

Numerous gaming media outlets have since claimed that Adelson was referencing Sands’ ambition to establish a North Korean casino.

You will notice that Adelson’s comments above do not specify which Korea he’s eyeing for planting his casino flag. And while North Korean leader Kim Jong-un may have toured Sands’ Singapore property Marina Bay Sands ahead of his summit with US President Donald Trump – and Adelson has an on-again/off-again relationship with Trump – Adelson is a savvy businessman whose history offers no evidence of the recklessness that would be required to invest the millions (or billions) in a jurisdiction as volatile as North Korea.

Sands has repeatedly expressed interest in establishing a South Korean casino property, specifically floating plans for resorts in Incheon and Busan. However, Sands stipulated that it would not build in South Korea unless the company relaxed its ban on local residents entering the vast majority of the nation’s existing casinos.

Since North Korea’s alleged casino plans specifically refer to an international tourist zone, it is extremely dubious that Sands would be willing to relax its local’s requirement for the North when it would not do so in the South’s far more stable legal climate.

So, while it makes for a good headline, the idea of Sands establishing a North Korean casino is about as likely as Kim Jong-un and Trump wife-swapping to celebrate the de-nuclearisation of the Korean peninsula.

 

Source: CalvinAyre.com


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Bethard.com is granted license to operate in Denmark

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“2018 is a truly exciting year for us” – Erik Skarp, CEO

”We are very satisfied to get a green light in Denmark and we look forward to start growing our presence in the Danish market”, said Erik Skarp, co-founder and CEO of Bethard Group. ”2018 is a truly exciting year for us, one in which we are determined to lay a solid foundation for establishing Bethard as Europe’s leading sports betting brand. And we have had a great start. First with the announcement of Zlatan Ibrahimovic’ joining our team, followed by a very successful start in the UK market and a great World Cup. Now the time has come to conquer Denmark”.

Bethard.com is currently licensed in Malta, Denmark and the UK. Applications for a gambling license has been filed in Sweden. Work on a license application for a state license in Schleswig-Holstein in Germany has been initiated. The company is actively seeking licenses in several other markets and expects to have a licensed presence in most key European markets already by 2020.

Bethard will start welcoming Danish players to the site within weeks.

For more information, please contact:


Erik Skarp, co-founder and CEO Bethard Group Ltd
E-mail: erik@bethardgroup.com

Jan Lindow, CMO Bethard Group Ltd
E-mail: media@bethardgroup.com


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1xBet announces sponsorship with the Tottenham Hotspur

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Tottenham has announced a new long-term agreement with 1XBET as its Official Betting Partner for Africa. 1XBET is one of the most visited betting and gaming websites in the world, with over 1,000 available markets.

As part of the partnership, 1XBET will have an in-stadium advertising presence at the Club’s home matches on the LED perimeter system, as well as a presence on the new website and digital channels across the continent.

The Club has 100 million followers across Africa and fully mobilised official Supporters’ Clubs in Ghana, Nigeria and South Africa. To celebrate the launch of the partnership, 1XBET is offering the Club’s fans the opportunity to win a signed shirt if they can successfully predict which Tottenham Hotspur player scores our first goal at home this season.

This is 1XBET’s first partnership in English football following high profile existing relationships with the CAF African Nations Cup and the Nigerian Football Association.

Fran Jones, Head of Partnerships, Tottenham Hotspur, said: “We are delighted to welcome 1XBET to the Tottenham Hotspur partner family and look forward to working with them to engage with and grow our African fan base.”

Eugene Kiryukhin, 1XBET’s Director for Development of International Partners, added: “We are thrilled to sign with Tottenham Hotspur, they have impressed us with their vision for the future, their players, their new stadium and we are committed to helping each other grow in Africa. We look forward to working alongside and supporting them.”


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Pennsylvania Gaming Control Board Reports Table Games Revenue for July

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HARRISBURG, Pa.Aug. 16, 2018 – Figures released and posted today by the Pennsylvania Gaming Control Board on its web site, www.gamingcontrolboard.pa.gov, display tables games revenue for July 2018 at $73,820,267 a decrease of 5.2% over July of last year when revenue was $77,855,644.

The Board also reported that when combining July’s table games revenue with the earlier reported July slot machine revenue, total gaming revenue decreased by 3.3% compared to July of last year.

The Board is also reporting total tax revenue from table games play during July in the amount of $11,888,675* with an average of 1,272 tables in daily operation statewide.

Gross table games revenue at each of the casinos for July 2018 and July 2017 along with a similar comparison for total casino gaming revenue are displayed in the following tables:

Casino

July 2018 Table
Games
Revenue

July 2017 Table
Games
Revenue

% Change

Sands Casino Resort Bethlehem

$21,136,815

$20,616,680

2.52%

Parx Casino

$15,308,027

$15,470,427

-1.05%

SugarHouse Casino

$10,040,595

$9,708,046

3.43%

Rivers Casino

$5,657,336

$5,626,840

0.54%

Harrah’s Philadelphia Casino and Racetrack

$4,226,527

$6,014,716

-29.73%

Mount Airy Casino Resort

$3,951,802

$5,099,335

-22.50%

The Meadows Casino

$3,201,602

$3,762,922

-14.92%

Mohegan Sun Pocono

$2,627,085

$3,964,159

-33.73%

Valley Forge Casino Resort

$3,008,576

$2,629,191

14.43%

Hollywood Casino at Penn National Race Course

$2,954,506

$3,155,992

-6.38%

Presque Isle Downs and Casino

$1,330,964

$1,320,322

0.81%

Lady Luck Casino Nemacolin

$376,433

$487,013

-22.71%

Statewide Total

$73,820,267

$77,855,644

-5.18%

 

Casino

July 2018
Total Gaming
Revenue

July 2017
Total Gaming
Revenue

% Change

Parx Casino

$50,019,386

$49,917,524

0.20%

Sands Casino Resort Bethlehem

$46,903,725

$47,060,002

-0.33%

Rivers Casino

$30,061,001

$29,937,226

0.41%

SugarHouse Casino

$24,976,685

$24,610,094

1.49%

The Meadows Casino

$22,090,033

$23,238,992

-4.94%

Harrah’s Philadelphia Casino and Racetrack

$20,834,168

$22,936,616

-9.17%

Hollywood Casino at Penn National Race Course

$20,251,246

$21,774,599

-7.00%

Mohegan Sun Pocono

$19,586,941

$22,568,354

-13.21%

Mount Airy Casino Resort

$17,115,022

$19,813,776

-13.62%

Presque Isle Downs and Casino

$11,958,484

$11,906,194

0.44%

Valley Forge Casino Resort

$10,625,296

$9,889,706

7.44%

Lady Luck Casino Nemacolin

$3,042,265

$3,327,527

-8.57%

Statewide Total

$277,464,252

$286,980,610

-3.32%

*Tax revenue figures reflect amounts generated prior to any adjustments by the PA Department of Revenue

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, along with oversight of new gaming initiatives created through amendments to the Race Horse Development and Gaming Act recently approved by the signing of Act 42 of 2017.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvaniahomeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

CONTACTS: Doug Harbach or Richard McGarvey
(717) 346-8321

 

SOURCE Pennsylvania Gaming Control Board


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