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Casino Legislation News

UK gaming machine consultation maintains status quo for casinos

by David Clifton, Clifton Davies Consultancy Limited
 
Great Britain’s casino industry will have been hoping for better news in terms of gaming machine deregulation from the UK Government’s yearlong review of gaming machines and social responsibility measures, but it now has an opportunity to press home its case when responding to the 12 week DCMS consultation announced on 31 October, that is presently running until 23 January 2018.
 

State of Gaming in Atlantic City By: Frank Catania

In the immortal words of Yogi Berra: “It’s tough to make predictions, especially about the future.” Despite this, some things may safely be said about the future of the gaming market in Atlantic City. One thing we know for certain is that Atlantic City will never return to its heyday, when gaming revenues there rivaled those of the Las Vegas strip. Competition from neighboring states is probably the greatest single factor that caused the downturn, resulting in the closing of several casinos.

State vs. federal: will sports and gambling agree on a regulatory vision for sports betting?

Ahead of next week’s Sports Betting USA webinar on the 15th August (register here) exploring how leagues are preparing for possible scenarios coming out of the Supreme Court ruling in the New Jersey sports betting case, Ewa Bakun, Head of Content at Clarion Gaming, shares her insights.

Two Systems

South Korea wants casino expansion but is its economic model viable? By David McKee

With Japanese casinos still somewhere in the hazy yon and the Chinese government turning the pressure on Macao up and down like the burners on a stove, South Korea and Singapore are where the action is. However there’s one significant difference between the two: if you’re a South Korean you can’t gamble in your native land. Almost.

Greek casino market hit by delays at Elliniko

A series of delays and setbacks jeopardize the largest privatization in Greece and one of the biggest real estate projects in Europe: the redevelopment of Athens’s former airport area at Elliniko. This affects in a great way the already crisis-hit Greek casino market, because one of the first construction projects that is to be built on the land is an integrated casino resort facing the Agios Kosmas marina.

Greece's leading Gaming & Lotter company, OPAP to raise 200m in expectation of VLT operation

OPAP, Greece’s leading gaming and lottery company aims to raise up to 200m through a bond issue in order to finance it’s investment of 35.000 VLTs.

The bond issue, is expected to roll out until the end of March, not only will provide the state-run with much needed liquidity in a cash-starved economy, but will also act as a vote of confidence, just before the launch of the much-anticipated VLT operation.