Tag: Casino
Casino06 Mar, 2019 Sri Lanka doubles casino license fee; introduces $50 entry
In a recent development, the Sri Lankan government has introduced a slew of measures to increase its tax revenues and among that is hiking of land-based casino license fees. The country has also introduced a $50 entry fee for customers just for entering Sri Lankan casinos. It has also i...
Casino06 Mar, 2019 Nepal’s Tiger Palace unveils 3 VIP gaming rooms
Nepal’s Tiger Palace Casino, one of the country’s most luxurious resorts, was inaugurated back in January 2018, more than a year ago. The Palace is in Bhairahawa area of Nepal and is very close to the Indian border. This makes it an attractive venue for many Indian casino enthusiasts wh...
Casino27 Feb, 2019 Okada Loses Legal Battle Against Wynn Resorts Over Appeal
Japanese casino mogul Kazuo Okada has been in legal troubles a lot lately. He has a few cases pending against him, the major one is where he duped his former company, Universal Entertainment Corp. for nearly $2 billion. He is also involved in a battle against Wynn Macau, the Macanese ar...
Casino26 Feb, 2019 Cambodia added to terrorist and money-laundering watchlist
The South-east Asian country of Cambodia has received troubling news last week as it was added to a ‘grey list’ by the international body called Financial Action Task Force (FATF). The institution added Cambodia to the list since the country didn’t live up to FATF’s standard...
Casino22 Feb, 2019 AIGF schools Goa Cong Prez for misinterpreting Law Commission
The All India Gaming Federation (AIGF), a casino advocacy group, has come out on Wednesday and accused Goa’s Congress President Girish Chodankar for selectively quoting from the Law Commission of India’s report on off-shore casinos. Last Thursday, Chodankar presided over a press confere...
Casino19 Feb, 2019 Sands Macao launches new poker room
Sands Macao, one of Macau’s famous hotel and casino has just inaugurated a new poker room to be included in their premises. The casino is owned by Las Vegas Sands Corporation and consists of a 229k sq. feet casino and a 289-suite hotel. The new poker room at Sands Macao was officially o...
Casino12 Feb, 2019 Nevada casinos report net loss in 2018
Last week, the poker capital of the USA, Nevada, reported that the state’s casinos have earned $27.1 billion in revenue in the 2018 fiscal year, ending 30th June 2018. The Nevada Gaming Control Board released its annual ‘Gaming Abstract’ report which states that the 289 Nevada casinos w...
Casino12 Feb, 2019 Bill submitted in Brazil could authorize 32 casinos
The South American country of Brazil has time and again tried to liberalize its gambling industry. Some lawmakers in the past have submitted bills relating to this but all have failed to make the necessary changes to laws. In a similar effort, Brazilian democrat Paulo Azi has submitted ...
Casino11 Feb, 2019 Iconic Vegas casino Stratosphere becomes ‘The STRAT’
The very well-known 23-year old property in Las Vegas called Stratosphere Casino will now be called as ‘The STRAT’ after a re-branding that happened last week. Golden Entertainment, the parent company which operates the casino has decided to make the transition, announcing ‘Strat Rising...
Casino08 Feb, 2019 Rakesh Jhunjhunwala predicts pan-India casino legalization
One of the leading names in the Indian stock market industry is undoubtedly Rakesh Jhunjhunwala. The ace investor and businessman is currently the largest individual investor in the domestic equities market. The Economic Times referred to him as the ‘Pied Piper of Indian bourses&#...
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