Melco Crown Calls Sheldon Adelson’s $10 Billion Bet on Japan, Hard Rock Scrambling for Partners

Melco Crown Calls Sheldon Adelson’s $10 Billion Bet on Japan, Hard Rock Scrambling for Partners

Melco Crown Entertainment won’t be intimidated by Las Vegas Sands billionaire Sheldon Adelson’s comments this week that he’s ready to spend up to $10 billion on building a casino in Japan.

Melco Crown CEO Lawrence Ho says there’s no cap on how much his company is willing to spend on an integrated casino resort in Japan.

Hong Kong businessman Lawrence Ho, the billionaire son of Stanley Ho who held a gambling monopoly in Macau for 40 years, told reporters soon after hearing of Adelson’s pledge that his company is prepared to invest even more. During the same investor conference in Tokyo, Ho explained, ‘We’ll absolutely spend whatever we need to win.’

Japan legalized commercial casinos last fall, but hasn’t determined the specific regulations for the newly liberalized industry. The country’s parliament is working to decide how many gambling licenses will be issued, but the general consensus is that just two properties will be authorized.

In a press release unveiling Melco Crown’s integrated resort concepts for Japan, Ho added, ‘There currently is no predetermined cap on our intended investment. I prefer not to constrain our dreams… with price tags, particularly at this early stage.’

Melco Crown Entertainment was founded in 2004 through a partnership between Melco International Development and James Packer’s Australian Crown Resorts.

Between Rock and Hard Place

With Adelson, a man w Continue reading “Melco Crown Calls Sheldon Adelson’s $10 Billion Bet on Japan, Hard Rock Scrambling for Partners”

Regular Fantasy Sports Bills Seek to Challenge State AG’s Stance on Legality

Regular Fantasy Sports Bills Seek to Challenge State AG’s Stance on Legality

Texas received three fantasy that is daily (DFS) bills in quick succession this week, each aimed at legalizing and having a framework of legislation for the contests.

Texas Attorney General Ken Paxton sparked a lawsuit as he opined that daily fantasy sports had been illegal under state law. A triple-pronged approach that is legislative Representative Richard Raymond hopes to challenge that opinion.

The state missed down regarding the DFS legislation trend that appeared regarding the dockets of legislatures across the country in 2016 as a result of fact that its session that is legislative is, but it appears to be creating for lost time.

All the three bills is sponsored by State Representative Richard Raymond (D-Laredo). His co-sponsors vary, as does the language of each bill, although they also chime in on many matters.

As a human anatomy of legislation, the three bills address the key preoccupations of legislators across the United States, from player defenses and operator registration fees, to the segregation of player funds. Curiously, though, one bill ignores the latter point that is somewhat crucial. Likewise, two bills would define DFS as games of skill, while one wouldn’t bother.

Representative Raymond is actually hedging his wagers.

The Letter of the Law

Raymond stated he hoped his triple-pronged approach would ‘clarify a confusing and law that is ambiguous affirm that dream sports are leg Continue reading “Regular Fantasy Sports Bills Seek to Challenge State AG’s Stance on Legality”

Sports Betting Legalization as Polarizing as National Politics, New Poll Finds

Sports Betting Legalization as Polarizing as National Politics, New Poll Finds

Sports betting legalization is on the minds of many state politicians across the country, and gaming companies are licking their chops at the potential prospect of taking bets on pro and college sports.

America is split on Donald Trump’s presidency, and the public also can’t seem to make up its mind when it comes to sports betting legalization.

But the topic of ending sports gambling prohibition in the United States and repealing the Professional and Amateur Sports Protection Act (PASPA) is about as polarizing of an endeavor as picking between Donald Trump and Hillary Clinton for president.

According to a new poll conducted by Seton Hall University’s Sharkey Institute, 46 percent of Americans support legalization, while 42 percent said it would be a bad idea. Thirteen percent of respondents said they weren’t sure where they stood.

Passed in 1992, PASPA bars states from allowing sports betting markets to operate. Nevada, Montana, Delaware, and Oregon were granted exemptions from the federal statute due to already having some sort of sports gambling when the legislation was passed, but today only the Silver State takes full advantage of its immunity.

Polling Positives

Though the sports betting legalization research shows that Americans today are divided, the consensus should tilt in favor of ending the ban in the coming decades. That’s because Seton Hall found that 67 percent of those aged 18 to 29, and Continue reading “Sports Betting Legalization as Polarizing as National Politics, New Poll Finds”

Raiders Were ‘Picking Adelson’s Pocket’ Over Stadium Deal, Says Spokesman

Raiders Were ‘Picking Adelson’s Pocket’ Over Stadium Deal, Says Spokesman

Sheldon Adelson withdrew a $650 million dedication to help build a arena in Las Vegas for the Oakland Raiders after becoming frustrated aided by the team’s overreaching needs and signals that are mixed him during negotiations.

Mark Davis and Sheldon Adelson, pictured here in happier times, are no longer working together on the $1.9 billion ‘Las Vegas Raiders’ stadium project. Adelson spokesman Andy Abboud had some harsh terms for the Raiders this week.

This is according to Andy Abboud, vice president of federal government relations and community affairs for LVS.

Abboud told the nevada Review-Journal, a paper owned by his boss, Adelson, that the straw that is final if the Raiders took a proposed arena lease contract to the Las Vegas Stadium authority without informing the Adelsons.

No mention was made by the lease for the Adelsons being a partner, a turn of occasions Abboud describes as ‘stunning.’

‘I’m still trying to puzzle out what the hell these were thinking,’ Abboud stated. ‘Had they told anyone in advance which they were going to dump that document, even if they had told us, ‘We don’t want you in the deal anymore,’ if they had shown anyone that has free pokies no downloads been involved with this process at all that document, we would have said, ‘What in the hell have you been thinking?”

Commitment Problems

Four days after the meeting with the authority, on 30th, Adelson pulled his commitment, leaving the project wit Continue reading “Raiders Were ‘Picking Adelson’s Pocket’ Over Stadium Deal, Says Spokesman”