Macau looks a potential winner for Crown Resorts

Fool.com.au – After almost eight years of steady casino development in Macau and 33 casinos now in operation, a new report by Citi Group says that no major casino opening is planned until mid-2015. Those already established will be better positioned to grow earnings, based on larger numbers of tourists and gamblers arriving at the Asian gambling mecca. Crown Resorts (ASX: CWN) and its joint venture Melco Crown has three casinos operating in Macau under its “City of Dreams” integrated resorts brand. The largest casino operator, SJM Holdings, has 20 under the control of gambling king Stanley Ho. The pause…

2014 Kentucky Derby Odds

Courier Journal – This week’s updated odds (1 1/2 days late in posting but my New Year’s resolution is to start being more prompt — starting next week) from Wynn Las Vegas on the 2014 Kentucky Derby. Here’s also the link with BRIS past performances of all the Wynn future horses, courtesy of Bloodstock Research Information Services, including their odds. Ria Antonia, who after finishing second by a nose was awarded the Breeders’ Cup Juvenile Fillies upon She’s a Tiger’s disqualification for interference, opened at 400-1 and is now 100-1. The filly’s co-owner has announced that she will seek a…

Investors snap up shares of Chinese lottery

Reuters – Every day during his lunch break, Chinese businessman Shen Bin buys three lottery tickets for about 33 cents apiece and then watches to see if his chosen numbers flash across television screens suspended from the ceiling. “I haven’t won yet. Hopefully one day. But for now, it doesn’t matter because the money goes to charity,” Shen said in the brightly lit store on a busy road in Shenzhen, a booming metropolis just north of Hong Kong. Half a world away in New York, investors in Chinese online lottery platform 500.com Ltd have found their own winning ticket: the…

Japan will be bigger than Las Vegas

CNBC – No one is a bigger player in Las Vegas than MGM Resorts. But as the Strip makes a slow recovery, results there continue to be dwarfed by MGM’s success in Macau. The casino giant is now looking for the next big market. As 2014 began, Chairman and CEO Jim Murren sat down with CNBC. While the company is in its quiet period before announcing earnings, he discussed a broad range of opportunities and challenges for the gaming industry. Japanese legislators are pushing to finally legalize casino gambling in that country. This is the next big bet in Asia,…

US Feds Intervenes in Oklahoma Tribal Online Poker Compact

Poker News – The U.S. federal government is once again intervening in online poker. According to The Oklahoman, last month the U.S. Department of the Interior stopped the Cheyenne and Arapaho Tribes, owners of the Lucky Star Casino in Concho, Okla., from offering online poker to international players through its website pokertribes.com, something the state agreed to in a gaming compact. As a result the tribe filed a lawsuit against Secretary of the Interior Sally Jewell and Assistant Secretary of Indian Affairs Kevin Washburn in Oklahoma City last week. The tribe hopes a federal judge will prevent interference and allow…

Labour to force vote on UK curbing of fixed odds betting terminals

iGaming Business – UK opposition party Labour is set to force a vote in Parliament on its plans to give councils the power to ban fixed odds betting terminals (FOBTs) from bookmakers in their constituencies. According to the BBC, Labour is to use an opposition day debate in the House of Commons on Wednesday to press the government into taking action on the issue. There are currently 33,000 FOBTs in place in the UK, making around £1.5 billion (€1.8 billion/£2.5 billion) each year for the larger bookmakers, an amount estimated to be half of their annual profits. The machines, which…