MGM Resorts International has become an official partner of the Osaka Casino

Japan and the city of Osaka have reportedly chosen a consortium led by MGM Resorts International as the preferred operating partner for its desire to win one of the country’s upcoming three licenses to create integrated casino resorts.

Although most gambling is currently illegal in Japan, in July 2018, the coalition government of former Prime Minister Shinzo Abe passed a law according to which the country with a population of about 126 million people licenses three integrated casino resorts with hotels, exhibition areas and large gamingsites. To participate in the race to host one of these Las Vegas-style schemes, and local candidates are first required to select a foreign firm to work at their proposed location before submitting their completed license applications to a group of federal selectors before the deadline of April 28, 2002.

Ambitious goal:

According to the GGRAsia report, Osaka eventually hopes to get permission to create a gambling-friendly development on the 121-acre artificial island of Yumeshima . The source said that the group, led by MGM Resorts International, was the only participant who officially submitted the application to the city with a population of about 2.7 million people after numerous competitors, including Genting Singapore Limited, Galaxy Entertainment Group Limited, Las Vegas Sands Corporation, Melco Resorts and Entertainment Limited and Wynn Resorts Limited withdrew from the game.

An expensive event:

The Osaka government has reportedly explained that it now plans to release more details about the final offer from the MGM Resorts International consortium, which also includes the local financial services company Orix Corporation, later this month, but expects the entire project to have a price. – the mark is in the region of 9.1 billion dollars . In addition, the city allegedly said that the first stage of this development could begin as early as 2028 and will include at least 215,278 square feet of exhibition space, which is expected to exceed 645,800 square feet by the end of 2043.

Obligations of the operator:

In July, MGM Resorts International announced that it intends to own a 40% stake in any future integrated development of a resort complex with a casino in Osaka, with an equal share controlled by Orix Corporation . Such a facility would allegedly be required to offer at least 3,000 hotel rooms spread across a minimum of one million square feet of aggregated space and pay about $ 182 million to cover the costs of local infrastructure improvements, including the expansion of the community metro system to Yumeshima Island.

Source: World Casino Directory

Australian resorts Crown Resorts will introduce mandatory vaccination against COVID-19 for all staff and guests

Crown Resorts has become the first Australian casino operator to announce mandatory vaccination against COVID-19 for all employees and guests.

Newly appointed CEO and Managing Director Steve McCann told < em>News Ltd On Monday, Crown announced that it would introduce a “no injection and no entry” policy for customers and mandatory COVID vaccination for all employees at the company’s three integrated resorts in Melbourne, Perth and Sydney.

“Anyone who works or visits our businesses will have to be vaccinated,” McCann said, noting that more than half of Crown’s 20,000 employees have already been vaccinated.

It is important to show leadership. We are a very large employer, and the hotel business has suffered greatly. Usually he is one of the first to get into quarantine and comes out last.

There is a great lack of confidence of the staff in matters of work safety & # 8230; There are many problems related to hospitality, so we need to show some leadership.”

No implementation date has been set, although Crown Melbourne and Crown Sydney are currently closed and are unlikely to open any time soon due to COVID outbreaks in each city and uncertainty about the status of gaming licenses. The findings of the Royal Commission into Crown’s operations in Melbourne are due to be handed down in October.

However, McCann said he would push for a vaccine mandate that mirrors similar policies used by U.S. operators such as MGM Resorts and Resorts World Las Vegas.

“We are doing everything possible to ensure a safe environment, and we want this at all our facilities,” he said.

There will be defenders and people who are critical, but in reality we must make decisions based on … () the safety and security of the work of our people and our patrons, and this is what we believe in.

Now is the right time to build up the pace that the country needs so that we can open up again and work everywhere in a safe environment.”

Source: Inside Asian Gaming

Gambling establishments in Manila are still closed due to a two-week trial of a new quarantine scheme

The Philippines will experience a new quarantine scheme in Metro Manila from this Thursday, but there is no relief expected for the city’s gaming and entertainment facilities, which will be closed until at least the end of September.

The new scheme will include five alert levels & # 8211; level 1 & #8211; the most moderate, and level 5 – the strictest, – supplemented by a detailed blocking system through which individual villages, streets or even houses can be blocked if their local authorities deem a high risk.

It is hoped that by limiting total isolation to specific areas of concern, rather than the city, it will be possible to achieve a better balance between reducing the spread of COVID-19 and preserving business.

However, there will be no immediate respite for many of these businesses with the government announcing on Tuesday that Manila will be placed in the second most severe warning level 4 from September 16 to 30.

Businesses and activities prohibited under Warning Level 4 include casinos, horse racing and cockfights, indoor tourist attractions, MICE venues, bars, cinemas, amusement parks, public meetings, Internet cafes and much more.

People under the age of 18 or over 65 should stay at home if they do not buy basic necessities and services.

The introduction of the new scheme came after a record daily high of 26,303 new cases of COVID-19 were recorded in the Philippines on Saturday.

Source: Inside Asian Gaming

Detroit Casinos Report Revenue of $ 113.82 Million for August

The monthly combined revenue of the three Detroit casinos in August amounted to $ 113.82 million, the Michigan Gaming Control Board reported on Tuesday. Revenue from table games and slot machines amounted to $ 112.17 million, and from retail sports betting – $ 1.65 million.

All properties reported higher monthly income compared to August 2020 . MGM Grand Detroit’s revenue from games amounted to $ 52.24 million, an increase of 82.4%, which is 47% of the market share. MotorCity Casino Hotel invested $ 36.52 million, which is 45.9% more, and its share was 32%. Finally, the revenue of the Greektown hotel-Casino was $ 23.41 million, which is 49.2% more, and the market share is 21%.

Compared to the previous year, revenue from table games and slot machines was 61.7% higher in August . The casinos reopened in early August 2020 with a 15% load after more than four months of closure due to restrictions related to COVID-19. Annual revenue from table games and slot machines in Detroit increased by 126% compared to the first eight months of 2020.

During August, three casinos paid the state of Michigan $ 9.1 million in gambling taxes, which is more than $ 5.6 million in August 2020. In addition, during the specified month, the City of Detroit was informed about $ 13.3 million in taxes on rates and payments under construction agreements.

The adjusted gross revenue (QAGR) of retail sports betting in August fell by 16.5% compared to the same month last year , but increased by 36.2% compared to July 2021. The total processing amount was US $ 16.2 million, and the total gross revenue was US $ 1.6 million.

Source: YogoNet

Massachusetts Casinos Paid $ 26.15 million in tax Revenue in August

The Massachusetts Gambling Commission reported that the state’s share of gaming revenue in August was $ 26.15 million, slightly less than the record $ 27 million in taxes and fees received in July, but still significantly higher than the monthly average of $ 21.84 million since the state’s registration. three casinos are open.

The revenue of Encore Boston Harbor, MGM Springfield and Plainridge Park Casino took a small step back in August, totaling $ 92 million compared to $ 95.74 million in July .

Encore Boston Harbor reported $ 57.86 million & #8211; $ 32.4 million from slot machines and $ 25.4 million from table games. MGM Springfield counted about $ 21.8 million, of which almost $ 17 million was received from casino slot machines. Plainridge Park Casino brought $ 12.7 million to its slot machines

Source: Focus Gaming News

Illinois will decide on new casino licenses in January

The Illinois Gambling Board (IGB) said that a decision on licensing casinos in Waukegan and the southern suburbs will be made in January.

More than two years after the casino was allowed in Waukegan and the southern suburbs, four applicants for a license for the southern suburbs and three applicants for Waukegan will make public presentations of their proposals.

The presentation will take place on October 13 at a special meeting of the Illinois Gambling Council. The authorities intend to give initial approval to the winning projects by mid-January.

Because three or more applications are being proposed for each location, Illinois law requires that the board of directors hire a consultant to review candidates.

The administrator of the game board, Markus Fruchter, said that the presentations will help narrow the circle to three finalists, as required by the gambling law of the state of Illinois.

Source: Focus Gaming News

Caesars Entertainment will move Horseshoe Casino Lake Charles from the island of Capri

Caesars Entertainment, Inc., the parent company of the Island of Capri, Lake Charles, shared today further plans for its investment to ensure the operation of the casino on the shore, as well as the transformation of the property into a brand new Horseshoe Casino Lake Charles. After the forced closure of the island of Capri due to the COVID-19 pandemic and damage from Hurricane Laura in 2020, Caesars will reinvent the Lake Charles resort with exciting new amenities and gaming offers. The construction should be completed by the fall of 2022.

Preliminary plans include (subject to approval by the Louisiana Gambling Control Board):

More than 60,000 square feet of casinos with almost 1,000 slot machines and table games.

WSOP Poker Room, a live poker room named after the legendary World Series of Poker and embodying the spirit, with 10 tables.

A completely new location of the Caesars bookmaker office, providing best-in-class sports betting opportunities.

A completely renovated hotel tower with 253 rooms, inspired by the local scenery.

New culinary offerings, including the award-winning Brew Brothers Tap House restaurant.

The construction of Horseshoe Lake Charles, which is an economic incentive for the region, will create more than 300 jobs.

“We are excited to return to work in Lake Charles in the fall of 2022 with a completely new experience of the resort, introducing our iconic Horseshoe brand,” said Tom Rig, CEO of Caesars Entertainment. “Our growing commitment to Louisiana and the growth of the region continues with this investment, and we are proud to lead the restoration of Lake Charles and its community.”

“When the island of Capri closed due to the panic associated with COVID-19, we had no idea that it would not open again for more than two years. Between the pandemic and the devastation caused by Hurricane Laura, the challenges faced by our team members are unparalleled, “said Jeff Favre, senior vice president and general manager of Isle of Capri Lake Charles.” I am very pleased to take this dynamic step forward. to ensure that our team members return to work, serving our guests.”

In addition, after the reopening, the hotel will join Caesars Rewards, the world’s largest loyalty program for games. Caesars Rewards gives players the opportunity to earn and use bonus points in more than 50 destinations across the United States.

More information about the new games, hospitality, entertainment and cooking will be published in the coming months, subject to approval by the Louisiana Gambling Control Board.

Source: official website of Caesars Entertainment

Bally’s is rebranding Vicksburg Casino and introducing a completely new Bally Rewards program

On August 17, Bally’s Corporation announced the rebranding of the Vicksburg Casino, which is now called Bally’ s Vicksburg Casino. In addition, the external entrance has been replaced, and Bally & # 8217;s is implementing its brand new Bally Rewards club program for players.

It is expected that the rebranding of the entire hotel will be completed by the end of September and will also include new dice, cards , game chips and layouts of Bally table games, and the previous Vicksburg Casino cards and dice will be donated to local organizations.

“We are proud to represent the Bally brand in Vicksburg and what it has to offer now, as well as in the coming months and years,” said George Papanier, president and CEO of Bally & # 8217;s Corporation.

Bally & # 8217;s Vicksburg offers 35,000 square feet of playgrounds, including slot machines, video poker machines and table games, including blackjack, craps and three-card poker. There is also a betting shop with 24-hour kiosks.

The brand new Bally Rewards program is a four-level card program that offers its participants rewards, level status, exclusive offers, gift giveaways and casino multipliers, while all existing rewards are transferred to the cards of the new program.

“This is a very interesting time for both our customers and team members, and we are looking forward to celebrating soon. We thank the State of Mississippi for working with our team, and we are proud of our team members who worked hard to put us out of action, ” Papanier added.

Earlier this month, Bally’s also renamed the Arapahoe Park Racetrack in Colorado to Arapahoe Park in Colorado; as well as rebranding Casino KC to Bally & # 8217;s Kansas City Casino.

Source: Yogonet

The re-opening of Resorts World Genting has been postponed to November due to the spread of the coronavirus

According to Maybank Investment Bank Research, the resumption of Resorts World Genting has been postponed until about November 2021 due to the recent surge in new cases of Covid-19 in Malaysia.

The delay in re-opening forced Maybank IB to forecast a broader underlying net loss of 52% for Genting Malaysia Bhd , with the research firm changing its initial forecast of resuming operations at the end of August.

The new reopening schedule coincides with expectations that the country will receive collective immunity in October, Newsbeezer reports , and the number of Covid-19 vaccinations in Malaysia has increased to more than 400,000 per day. The country is currently experiencing a record number of cases and deaths from Covid-19, with a new daily record of 21,468 cases last Friday.

The number of visitors to Resorts World Genting for the year decreased from 8.5 million to 5 million. The November resumption scenario will extend the current closure period to five months after the suspension of work starting in June.

The resort is unlikely to open its doors until the national vaccination rate reaches 80%, after which Maybank IB analyst Samuel Yin Shao Yang expects that ” Malaysians will return to RWG in droves.”

The re-opening of Resorts World Genting is expected to be followed by the launch of the new Genting SkyWorlds theme park, which has been postponed several times. The new opening date is December, coinciding with the school holidays.

On the positive side, the return-to-profit forecasts for 2022 and 2023 remain unchanged with an expected number of arrivals of 24.2 and 26.2 million visitors, respectively.

Resorts World Genting has more than 10,300 rooms located in seven hotels and gaming halls, including SkyCasino and Genting Casino. As part of the Genting Integrated Tourism Plan (GITP), Genting Malaysia has introduced various new facilities and attractions, including hotel towers, a cable car system and shopping centers.

Source: Yogonet

Casino revenues in Macau fell by 48% after the appearance of a new form of the Delta virus

According to a report by Sanford C. Bernstein Ltd., an investment research and institutional asset management company, casino revenues in Macau fell by 48% in the first week of August.

The study found that the average daily gross gaming revenue (GGR) fell by 48% in the first week of the month compared to the previous week, according to the Macau Daily Times. The amount of 125 million patak (about $ 15 million) is the lowest daily GGR since the end of September 2020.

The main reason for the drop in revenue is the Covid-19 Delta variant, four cases of which were reported on August 3, as the scenario of a potential outbreak remains likely, since the affected people were in contact with the community.

However, seven days passed without new cases of Covid-19 surfacing, which prompted the government to cancel the “immediate prevention” regime that was applied from August 3 to 10, after the discovery of these initial cases.

During this preventive period, cross-border travel was restricted, and security measures were taken against the spread of the disease, including the requirement to provide negative results for Covid-19 for those traveling to Macau.

Mass testing was also conducted among the population of Macau, and although casino operations were discontinued on August 4, some other activities were restricted, which ultimately indirectly affected the casino industry, as fear of the spread of the Delta variant prevailed.

More than three dozen casinos in the area produce half of the local GDP and were not required to suspend operations on the condition that they would close “immediately” if any case was discovered.

“Last time we closed the casino for a few days, because the casinos were infected. There is no infection this time, but if we find any cases in the casino, we will immediately close this casino, ” CEO Ho Iat Seng said on August 4, referring to the measures taken in February 2020.

Now that the restrictions on the borders have been lifted and the “immediate prevention” status has been lowered to “prevention”, it is believed that the situation is now under control, which will allow casino operators to return to their previous income level.

However, the Macau Daily Times reports that the results of August are expected to show a 30% decrease compared to July, the second best month since the beginning of the pandemic; and 70% less than in 2019.

Source: YogoNet