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Caesars Entertainment Corp. Offers $4 Billion to CEOC Creditors, as Bankruptcy Drama Continues in Chicago

Caesars <a href="http://exclusivechiangmai.com/2020/03/06/caesars-entertainment-corp-offers-4-billion-to-156/#more-30150" class="more-link">Continue reading <span class="screen-reader-text">Caesars Entertainment Corp. Offers $4 Billion to CEOC Creditors, as Bankruptcy Drama Continues in Chicago</span></a>

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Blatter Re-Elected As FIFA President, Soccer World Is In Chaos

Blatter Re-Elected As FIFA President, Soccer World Is In Chaos

Sepp Blatter has been re-elected, but some sort of Cup boycott would be devastating for the industry that is betting.

Sepp Blatter, the controversial head of FIFA, has been re-elected as president of the world soccer body that is governing.

This week despite years of condemnation, negative headlines, and the arrests of seven top FIFA officials on corruption charges, Blatter has ignored widespread calls for his resignation.

Alternatively, he received endorsement from 133 of 209 FIFA member delegates at the company’s yearly meeting that is general Zurich and continues to preside over globe soccer for his fifth tenure.

His challenger, Prince Ali Bin Al-Hussein of Jordan, withdrew after the round that is first of.

‘ For the next four years I will be in command with this ship called FIFA. Beach soccer will likely be played everywhere,’ crowed the 79-old Swiss, amid titters from the press bench. ‘Let’s go FIFA, Let’s go FIFA. Thank you.’

Conspiracy

Blatter denied obligation for last months arrests, https://myfreepokies.com/cleopatra-queen-of-slots/ caused by a 47-count indictment filed in federal court in Brooklyn against 14 people, accused, variously, of racketeering, cable fraud and cash laundering conspiracy.

FIFA officials are accused of accepting bribes worth over $150 million in substitution for providing lucrative World Cup media and advertising rights to various organizations and national football associations.

Under investigation are the controversial decisions to Continue reading Blatter Re-Elected As FIFA President, Soccer World Is In Chaos

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Nevada Experience Bill that is gaming hailed ‘Monumental Moment’ For Gambling Industry

Nevada Experience Bill that is gaming hailed ‘Monumental Moment’ For Gambling Industry

Slot machines in Nevada will probably start integrating ‘variable payout’ skill elements in the near future.

A bill that is new could revolutionize the Nevada gambling industry by adding skill-gaming elements to slot machines has sailed through the State Assembly and now just requires a signature from Governor Sandoval to be passed into law.

Senate Bill 9, which ended up being proposed by https://myfreepokies.com/aristocrat-pokies/ the Association of Gaming Equipment Manufacturers and has the overwhelming backing of the slot machine companies that are biggest operating within the state, would introduce arcade-game elements, hybrid games as well as other unique features and technologies to the casino floor.

The current problem with skill-gaming in gambling enterprises is that the gaming legislation states the payout odds ought to be the exact same for several players.

SB 9 would legalize variable payouts, basically permitting a regular player to become effective in the overall game and consequently have better odds to win.

Broader Appeal

‘I believe we will look right back on the passage through of SB9 as a monumental moment for the video gaming industry and its overall evolution,’ AGEM Executive Director Marcus Prater said.

It’s hoped that the new design of games will appeal to a bigger section of the people, and especially to a generation that is new eschews traditional casino games in favor of other forms of non-gambling-related Continue reading Nevada Experience Bill that is gaming hailed ‘Monumental Moment’ For Gambling Industry

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Casino Magnate James Packer Says Macau Downturn Worse Than Anybody Imagined

Casino Magnate James Packer Says Macau Downturn Worse Than Anybody Imagined

James Packer (right) with Robert De Niro during the opening of the Nobu that is new Hotel Manila, Philippines.

James Packer, the Australian billionaire and casino mogul, has admitted that Macau’s economic downturn happens to be ‘more serious’ than any of the gambling hub’s operators could have foreseen.

Packer’s Crown Resorts derives 50 percent of its income from a 34 percent stake in Melco Crown, which owns properties on the Cotai Strip, including the lavish City of Dreams resort.

Just over a 12 months ago, Macau was announced by Forbes to be one of many world’s fastest-growing economies, and the region’s casinos had been enjoying bi-monthly revenues equal to that particular of Las Vegas’ annual haul.

But a crackdown that is unprecedented corruption and money laundering by President Xi Jinping’s government on the mainland has halted the success story and delivered revenues tumbling.

Financial Crackdown

The financial crackdown is part of an ongoing anti-corruption drive that has frightened off the high rollers while the junket organizations that once accounted for some 60 percent of Macau’s revenue.

Tub thumping from Beijing has delivered shares within the regions casino companies tumbling. And this, and also a new smoking cigarettes ban, increased financial restrictions imposed on tourists, and a generally speaking weak Asian economy has hit the region difficult.

In April gross video gaming reven Continue reading Casino Magnate James Packer Says Macau Downturn Worse Than Anybody Imagined