Category Indian Dreaming Pokie Machine Pay Table

Chinese Online Lottery 500.com Pays Off Nicely for Investors

Chinese Online Lottery 500.com Pays Off Nicely for Investors

Chinese online lottery 500.com has entered the ny Stock market, and seems to be winning (Image: Wan Li/China Daily)

Investors in Chinese lottery that is online 500.com Ltd. are off to a start that is happy the New 12 months; in the six months since its New York Stock Exchange birth, the value for the company has almost tripled from its initial public providing price of $13.

Winning the Lottery Lottery

As the only Chinese lottery company become listed in the United States, 500.com is one of merely a handful of organizations set to enjoy the Chinese government’s whittling down of thousands of private lottery operators, as they permit and regulate the industry to just a small number of firms. Most of these will ultimately be vying for the prospective market of over 400 million lottery players in the country.

‘Over the next 5 years it is very clear that the Chinese market will continue steadily to grow quickly plus the government regulatory regime can be more open and transparent,’ explained 500.com’s main monetary officer Zhengming Pan.

China’s lottery market has flourished remarkably in recent years, many thanks to a rise in disposable income through the entire country, as well as a appetite that is national gambling and advancements in gaming technology. Because of this, Asia’s lottery spending reached $23 billion in 2012, while the U.S. the largest lottery market in the entire world was still staunchly in th

more

Genting Gambles in Florida with Uncertain Outcomes

Genting Gambles in Florida with Uncertain Outcomes

A rendering of one portion of the proposed Resorts World Miami Genting casino resort project; the $3 billion project still has not received a high sign from Florida lawmakers.

They state cash talks, but in Genting Resorts World’s case, it’s not been speaking as loudly as the business might like.

The asian gambling conglomerate has largely met with nothing but resistance despite pouring $236 million into a 14-acre waterfront Miami spread back in 2011 and then sprinkling millions more into pressuring state politicians to ‘adapt’ a construction law to accommodate a new $3 billion resorts World Miami casino project. So they’ve now determined on a new, less cumbersome direction for the Sunshine State: a slots-only task that would pair them up with Gulfstream Park racetrack in Miami’s Key Biscayne area.

Antagonists Await

Of course, anytime a potential new casino operator appears in a state, the very first thing that happens is some kind of anti-gaming coalition forms; and Florida has been no exception to that rule. Anti-casino group NoCasino.org is even releasing a movie mid-January called Pushing Luck that claims to show a ‘sobering glimpse’ of ‘broken claims’ from casino operators.
According to Genting’s new partner Gulfstream, the racetrack holds an as-yet-unused gaming license that gets the potential for use in either Miami-Dade or Broward counties, as the track rests just between the two areas. Gulfstream even brought hou
more

Caesars Preps for Possible Revel-ation in Atlantic City

Caesars Preps for Possible Revel-ation in Atlantic City

Hail, Caesars Entertainment: the casino business may or may not be eyeing Atlantic City’s Revel as their acquisition that is newest

We question that the Roman emperor himself kept his name front side and center since well as Caesars Entertainment Corporation does today. And despite continuing to carry the gaming industry’s debt load that is heaviest hovering at the $24 billion mark, buying and building new properties does not appear to become a issue with this casino conglomerate.

Lately, they are in talks with Japanese leaders to create a potential new casino in Osaka just as video gaming is legalized in Japan, and now the news that is latest, based on some insider reports, is that they will have their attention on Atlantic City’s issue kid casino, Revel.

Could Revel Be Next on Their List?

Revel officially went into bankruptcy right back in March 2013; not even 12 months into its once-gloriously touted entrance onto the Atlantic City land gaming that is beleaguered scene. Now anyone interested in snatching the casino up will have under two weeks to submit a bid, and according to Bloomberg, Caesars just isn’t a slam dunk for this acquisition; neither is it even 100 % particular they will also move to do so.

Other contenders are definitely within the mix; those include Orlando-based Hard Rock Global, who the ny Post last month reported as being in ‘advanced negotiations’ for the purchase. That was after a decision by Ha

more