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Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

By |mars 16th, 2020|

Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

An aggressive $1 million marketing campaign backed by Sheldon Adelson, chairman and CEO of Las Vegas Sands, is wanting to block legislation in Pennsylvania that would enable gaming that is video (VGTs) in vehicle stops, restaurants, bars, and off-track betting facilities.

Billionaire casino magnate Sheldon Adelson is funding a combined team to fight proposed legislation that threatens his hold on gambling activity in the Keystone State.

Adelson’s Sands Casino Resort Bethlehem is leading the fight against home Bill 1010, which will permit certain establishments to install VGTs real-money that is offering, poker, and other casino games.

You will find currently nearly 27,000 VGTs in Pennsylvania, every one of them in the state’s 12 casinos. If HB 1010 passes, the number could more than double.

John Cunnane, a Wall Street video gaming and leisure analyst for Stifel Investment Services, told the Allentown Morning Call that this kind of expansion of VGTs and authorized locations that are VGT could hurt established gaming facilities.

‘That’s a number that is insane of, and we’ve heard of impact that’s had on casinos in places like Iowa and Illinois,’ Cunnane said. ‘It will not cause a mass exodus from casinos, but they will feel the pain, no doubt.’

Media Wars

Through Sands Casino Resort Bethlehem, Adeslon gave $1 million to Pennsylvanians For Responsible federal Government (PRG), a newly created lobbying organization p […]

Singapore Casinos Find Collecting Debts from High Rollers Difficult

By |mars 16th, 2020|

Singapore Casinos Find Collecting Debts from High Rollers Difficult

Lending money to big style gamblers is easy for Singapore gambling enterprises, but gathering on those debts is time-consuming and difficult. The number of VIP clients who’re in debt to casinos is becoming and increasing more of a problem.

VIP casino clients, like China table tennis gold medalist Kong Linghui, aren’t paying debts that are back gambling Singapore casinos, forcing operators to sue to reclaim their money.

Bloomberg stated that in 2013, only two clients had been sued to recover money owed, but by a year later, that number had jumped to 49. Most big shots use the solutions of junket operators, who act as facilitators for casinos, guaranteeing a particular amount of revenue from China’s rich gamblers.

The problem will there be are merely three such organizations in Singapore, rather than approximately 200 in Macau, another popular spot for Chinese citizens.

When clients within the Lion City don’t settle their accounts, it usually falls regarding the two casinos, Marina Bay Sands and Resorts World Sentosa, to attempt to recover the cash.

Financial obligation Collecting a Challenge

Further complicating the problem are China’s ordinances on legal actions. Singapore doesn’t have an enforcement that is reciprocal of aided by the country, aside from with Hong Kong. Petitioners must sue the defendant in their own country, then try to obtain a judgment in Asia.

Gambling enterprises may also be hesitant […]