South Korea Mohegan Sun Mega Casino Bid Would Land Near Incheon Airport in Seoul

South Korea Mohegan Sun Mega Casino Bid Would Land Near Incheon Airport in Seoul

Incheon Airport, within the South Korean capital of Seoul, could 1 day host Mohegan Sun’s planned casino resort. The air travel hub draws many an incredible number of key Asian visitors each year.

Mohegan Sun may have lost the battle for the Massachusetts casino, but that hasn’t stopped the company from bidding for a wildly ambitious $l.6 billion new project in South Korea.

The tribal gaming operator is proposing to create the country’s largest gambling resort at among the world’s travel hubs that are busiest, Incheon airport terminal, near the country’s capital city of Seoul.

The casino would be the centerpiece of an even larger development that would add a twin-tower luxury resort with 1,000 spaces, a 20,000-seat arena, an entertainment park, and nearly 200,000 square feet of shopping, food, and entertainment space. The casino it self would house 50 blackjack and roulette tables, and 1,500 slot devices.

‚It’s likely to be a dazzling, multifaceted destination casino resort,‘ Mitchell Etess, chief professional of the Mohegan Tribal Gaming Authority, told the Boston Globe. ‚High-rollers can get on a jet that is private land, and check right to the hotel. It’d be perfect for James Bond.‘

(We wonder if Bond is still playing poker fingers such as the one that won him €115 million in the infamous Casino Royale scene where he overcome out a dining table of flushes and complete houses becau Weiterlesen

Wynn Resorts Dividends Slashed Macau that is following Slump

Wynn Resorts Dividends Slashed Macau that is following Slump

Wynn Resorts share dividends took a nosedive this week due to results that are poor Macau gambling.

Wynn Resorts Ltd is passing on the pain of a drop that is sharp Macau gambling to its shareholders by cutting dividends by 67 percent, Bloomberg reports.

The gambling chain, which owns and runs the Wynn Macau casino resort, posted its profits for the quarter that is first of this week, while the news is not pretty if you’re an investor.

Revenue was hovering just under $1.1 billion, a diminished figure than industry quotes of $1.12 billion.

Being a result, dividends from shares spiraled downwards to 50 cents per share. That’s a 3rd regarding the $1.50 given out in February.

Wynn Resorts Ltd also posted a $17.1 billion table games turnover in the VIP sector, a fall of over 52 percent set alongside slots of vegas online casino instant play the exact same quarter last year. Table games return in the mass market sector was also down, by 7% to $279.6 million.

Following the dividends results were announced, Wynn shares dropped 9 percent to close at $130.48.

Macau Clampdowns everyone that is affecting

The crackdown that is continuing corruption in China is having a huge effect regarding the Macau economy. Chinese President Xi Jinping is on a crusade the year that is past so to end thousands of public officials removing to your Macau peninsula with public funds.

The sum of money allowed to be brought from the mainland to Macau, China’s sole arbiter of legalized gam Weiterlesen

First Massachusetts Casino Likely to Open in June

First Massachusetts Casino Likely to Open in June

The Plainridge Park Casino remains scheduled to be opened this June.

Massachusetts casinos are going to shake up the regional casino market, potentially drawing customers from Connecticut, nyc and other states while maintaining regional gambling dollars in their state.

And while it will still be some time before major casino projects in Springfield plus the Boston area are completed, the salvo that is first New England’s casino wars is still expected to be fired this summer.

According to Penn National Gaming, the Plainridge Park Casino is on schedule become opened by June 24.

That’s notable not since the task is on time, but as a result of the weather that is historically bad throughout much of New England this past winter, where numerous locations recorded a few of the snowiest and coldest weather in history.

Construction: On Time, Over Budget

That weather is probably to delay numerous construction projects throughout the area, but didn’t slow the building down of the slots parlor.

The facility will perhaps not manage to offer table games, but will have other electronic devices along with slots; two full casino resorts have already been authorized in hawaii, and a third could be licensed later this 12 months.

However, the report that is public Thursday did remember that the estimated expense of building the facility has increased over the final few months.

The price tag is $25 million more than previously thought, now in Weiterlesen