Could South Korea Be a Winning Bet?

The Motley Fool – With gaming growth in Macau and hopes for Japan later this year, gamblers and investors alike are wondering which countries will also follow suit and ramp up their gaming industries. Because the country wants to support cultural development and it already has a head start with its leisure and gaming industry, South Korea might become yet another high-profit growth region for gaming in South East Asia. Since the South Korean government decided to allow large-scale casinos in the country two years ago, only one company has successfully won a bid to build there. Genting, the operator…

Construction of Jamaica’s first licensed casino to begin shortly

Jamaica Observer – Construction of the first licensed casino in Jamaica is scheduled to begin in a few months. Celebration Jamaica Development Limited, one of the companies, which applied for the first set of casino licences is looking at starting construction as early as summer once government gives approval. Founder of the company, Robert Trotta, said the project will be completed in three years once approval is granted. “We have a full brand new convention centre, right here in the middle of Rose Hall, we are ten minutes from the airport, there is no better place in the Caribbean to…

Florida House committee debates gaming bill

Palm Beach Post – A Florida House committee took a first glance Thursday at a gambling plan that would create a gaming commission, do away with inactive pari-mutuel permits and rein in barrel racing and other types of horse racing that one Republican lawmaker called “sham” activities. The Florida Select Committee on Gaming debated the 411-page plan and a proposed constitutional amendment that would give voters the power to decide whether gambling should be expanded in the future. The proposed amendment would have no impact on whatever lawmakers approve this year, including whether to authorize Las Vegas-style casino resorts that…

Delaware Lottery Figures Show Continued Fall in Poker

Poker Fuse – The Delaware Lottery has published the revenue results from February which show a 16% fall in poker rake and fees. The four months of figures now available provide a picture of how each of the three licensees is doing in the market. The amount wagered on table games in February doubled from January’s $1.1m to $2.2m producing net proceeds of $65k. Adding in the $27k of video lottery revenues (slots) produced a total of $92k, which meant that poker’s proceeds of $74k now represent just 44% of the total. That compares with the 76% produced by poker…

Gamblers Bet at Casinos; Investors Bet on Casinos

Daily Finance – There may be pretty lights, free-flowing cocktails and a theatrical buzz at the casino, but don’t go thinking that the treat for the senses is cheap. Slot players collectively walk out with as little as 90 percent of their money, on average. The odds are slightly better at the table games — including blackjack, poker and roulette — but there is no diversion where gamblers have the edge over the establishment. The house always wins. The odds are more favorable at a casino than state lotteries that only return as little as half of what they take…

Macau battles to shed bad boy image

The Telegraph – With 43 varieties of pillow, 150-year-old bottles of cognac and breathtaking, neon-lit views, no expense is spared for high rollers at the Las Vegas of the East. At the entrance to the Galaxy casino, elegant Filipina glamour models usher gamblers past a giant model diamond into a world of palm-lined artificial beaches and £48-a-time cocktails. This is Macau, a former Portuguese colony on China’s southern coast that in just over a decade has become the undisputed global king of the casino. It is also a world of money laundering, corruption, human trafficking and over-indulgence that stands in…