Genting Cruise Line Makes Maiden Voyage to Japan's Okinawa
Genting Dream Cruises has made its voyage that is maiden to lucky 88 slot free play. The ship owned by the Malaysian gaming conglomerate very first set sail last November, but this week it harbored in Japan for the time that is first.
Genting Dream Cruises President Thatcher Brown, left, and Naha tourism official Takao Kadekaru, celebrated the cruise liner's inaugural trip to Japan this week.
One of the largest gaming organizations in the world, the Malaysia-based Genting Group has and operates casino resorts in its house country, in addition to in the United States, United Kingdom, Singapore, China, Philippines, Caribbean, and South Korea. It owns dozens of land-based gaming properties, but Genting's newest investment is on the high seas.
Dream Cruises has ports in the Chinese metropolitan areas of Guangzhou and Hong Kong, and travels to many different Pacific Ocean destinations Malaysia that is including, and Indonesia. This week, it added Japan by way of Naha, the administrative centre city of Okinawa.
Genting says the ship features all the comforts of authentic Asian hospitality. Though the organization is famous for gambling, the Genting Dream is a non-gaming vessel.
In addition to Dream Cruises, Genting additionally owns Star Cruises, the third cruise line that is largest in the planet behind only Carnival and Royal Caribbean.
Japan Casino Odds
A monumental development for the country that has long opposed commercial gambling in December, Japan's National Diet passed legislation to authorize two land-based integrated resorts. During the bequest of Japanese Prime Minister Shinzo Abe to make the Asian nation more tourism friendly, the legislature decided to allow gambling to come onto its shores.
Casino companies around the global world immediately started working on their proposals. Seen as the holy grail of untapped gambling markets, MGM, Las vegas, nevada Sands, Galaxy Entertainment, Melco Crown Entertainment (formerly Melco Crown), and others are anticipated to make multibillion-dollar pitches to obtain certainly one of the coveted casino licenses.
The conglomerates are looking for local partners and hyping their investments that are mammoth hopes of luring Japan regulators to their part. But Genting Group might have the scheme that is best operating.
With gaming properties established on three continents, and fully operational cruise lines that can transport visitors from various Asian countries to Japan, Genting's pitch might be too sweet to resist.
The dietary plan happens to be in the process of deciding on the legal regulatory framework for gambling and determining where the venues might be allowed. Along with Osaka and Tokyo, Okinawa is thought to be a likely resort destination that is integrated.
Genting isn't the entity that is only within the water and cruising the Pacific Ocean. Final month, the North Korean federal government announced it was looking for international investors to come aboard in having a cruise line that will bring passengers to Mount Kumgang, one part of the heavily restricted country where tourists will often enter.
The Kumgang Special International Tourism Zone is looking for a $20 million partner to build a ship that will 'be prepared with various facilities to allow 1,000 travelers to do social and safe travel in the sea,' the Korean government explained in poor English. Therefore far, no takers.
UK Bookie Pays Out on Red Rum Bet 43 Years Late
A 1974 bet on the legendary racehorse that is british Rum to win that year's Grand National was paid out 43 years after the race was in fact won this week.
Red Rum, who won the 1973 Grand National after coming back from 30 lengths behind. No wonder Bob Holmes' late father-in-law backed him the following year. (Image: Liverpool Echo)
Bob Holmes, a 74-year-old retiree, found the winning betting slip among the belongings of his late daddy in law and contacted bookmaker William Hill, which confirmed the bet had never been cashed. William Hill not only honored the wager but also adjusted it for inflation for a pay-out of £130 (£160).
Sensing a PR op, the company also offered Holmes another £130 to bet on this year's Grand National, coming up this Sunday, plus another £130 to donate to the charity of his choice.
Latest Cash-out Ever
'My sister-in-law had been house that is moving we were helping her to see what could possibly be thrown out, therefore I was searching through a whole heap of old papers, tax statements, bank statements an such like,' explained Holmes to the Daily Telegraph. 'we discovered a scruffy bit of paper that ended up to be always a slip that is betting had been put but never cashed. It was for Red Rum in the 1974 Grand National when I looked more closely.
'It is just a mystery [why he never cashed out]. My father-in-law probably lost the betting slip and wasn't able to cash it. It was very rare for him to bet. He had been maybe not a man that is betting perhaps a couple of times per year on the National or the Derby.'
Certainly one of the Greatest
Maybe Not just is this considered a record for the cash-out that is latest ever, but it additionally offers a little nugget of betting memorabilia. Red Rum is considered to be the UK's greatest ever steeplechaser
The Grand National, meanwhile, has been described as 'the ultimate test of the horse's courage,' a handicap steeplechase over four miles, with 30 fences to jump. Red Rum won the competition an unparalleled three times, such as the year, of course, that Holmes' father-in-law placed their bet.
In the earlier year's race, in 1973, the thoroughbred came from 30 lengths behind to win the race, and ended up being transformed into an equine national celebrity. Their victory that is third 1977, had been voted by Britons in 2002 as 'the 24th greatest sporting moment of them all.'
'It is a record,' stated Graham Sharpe, spokesman for William Hill for the 42 year-old slip that is betting. 'I've worked at William Hill for 45 years and the record before was seven years, for a woman whose husband had passed away and she hadn't felt able to go through his clothes until then, and had found a betting slip.
Maryland Casinos Win Record Monthly Total, MGM National Harbor Back on Top
Maryland casinos generated $141.2 million in income during March, their state's best performance that is monthly gambling was legalized back in 2008.
Business is great at MGM National Harbor, but perhaps not all of the Maryland casinos are celebrating March's record haul. (Image: Getty Images)
MGM National Harbor, the newest casino in Maryland, had been the top earner with $51.2 million. The $1.4 billion resort across the Potomac River from Washington, DC, opened in December to much fanfare. After losing its spot as the top dog in February to Maryland Live, the megaresort has retaken the stronghold position.
Maryland Live in Arundel Mills near the Baltimore Washington International (BWI) Airport dropped to second with $46.6 million in winnings. Horseshoe Baltimore, the downtown Caesars property, placed a remote third with nearly $27 million.
Their state's three remaining casinos are smaller, regional gambling venues. Combined, Hollywood Casino Perryville, Rocky Gap Casino Resort, and the Casino at Ocean Downs netted about $16.4 million.
Maryland Goes to MGM
In 2012, voters approved a referendum to incorporate a sixth commercial casino that is land-based to join the previous legislation's authorization of five gambling establishments. Experts to the approval five years ago voiced concerns that a massive resort would poach from existing casinos.
March's $141.2 million total represents a year-over-year increase of more than 44 percent in comparison to the exact same month in 2015.
'There were plenty of naysayers that said all MGM nationwide Harbor would do is cannibalize revenues that are existing' gaming consultant and Harford Community university professor James Karmel told The Baltimore Sun. 'This is really good.'
Nevertheless when MGM's March income is subtracted, Maryland's five gambling enterprises actually saw gaming income decrease eight percent. Maryland Live saw its revenue drop by 14.6 percent, and Horseshoe Baltimore lost 2.4 percent. Combined, the two properties lost over $8.6 million.
While MGM and its particular supporters will discover the bright part in that Maryland's total gaming revenue grew by $43.3 million, those that are paying the purchase price, specifically Maryland Live, won't be sharing in the excitement.
Staying Ahead of the Game
Having its competition that is new from approximately 35 miles south, Maryland Live is investing heavily in its property to raised place its marketability. Locally owned by the Cordish Company, a private real estate developer based in Baltimore, the casino announced in 2016 that it would be spending $200 million to make a 17-story real time Hotel tower with 310 guestrooms.
For comparison, and also to highlight the turf that is bitter, MGM National Harbor has 308 rooms.
Construction on the tower has begun, and to focus on overnight visitors in the meantime, Maryland Live purchased a nearby Hilton Garden Inn and Homewood Suites last autumn. The hotel has since been rebranded as the Live Lofts, and provides free shuttle service to and from the casino.
Maryland Live is catering to the more collar crowd that is blue. A room tonight is booking for $130 at Live Lofts, while National Harbor comes out at rates that ranged everywhere from $399 to $529.
Connecticut Tribes up Ante for Third Casino by Offering State More Tax income
The two Connecticut tribes that are attempting to jointly build a satellite casino in East Windsor are sweetening their proposal to the state by providing up extra taxation money created from the wished-for slot machines.
Mohegan Tribe Chairman Kevin Brown (left) and Mashantucket Pequot Chairman Rodney Butler are prepared to guarantee payments to the continuing state should the Connecticut tribes be allowed to construct a casino in East Windsor. (Image: MMCT)
The Mashantucket Pequot and Mohegan tribal nations, operating under the commercial partnership name MMCT, are petitioning lawmakers to enable them to place a third gambling venue into the north-central area of the state just south of the Massachusetts edge. With the $950 million MGM Springfield set to open next year, the indigenous US groups are justly focused on losing gambling money to the megaresort.
Connecticut's General Assembly must soon determine whether to authorize the East Windsor site.
To entice votes, MMCT announced this week they are willing to guarantee that revenue checks from their two current casinos, Foxwoods and Mohegan Sun, will stay being provided for the state. The tribes said they would be willing to share 25 percent of the East Windsor slot money as well as an additional incentive.
'we do not know if it changes the overall risk of the bill becoming law, but it doesn't hurt,' Connecticut House Speaker Joe Aresimowicz (D-Berlin) told reporters. 'I think it's still a 50-50 idea.'
Millions at Stake
Connecticut's gaming compact with the tribes mandates that 25 percent of their slots that are gross is paid to the state. That equates to greater than a quarter of a billion dollars each year, a crucial budget funding supply that is in partial jeopardy of being lost, the tribes contend.
Connecticut's General Assembly and its State Senate Public Safety and safety Committee are tasked with signing off in the East Windsor casino because the venue wouldn't be built on sovereign tribal land. While allowing the tribes to include another casino to compete with Massachusetts' gambling expansion so that money in the Constitution State seems like a no-brainer, there are serious potential legal consequences.
The main concern is that by authorizing a third casino, despite being presented by the tribes by themselves, the state would basically be terminating a decades-old contract with the Native American groups.
The two tribes have exclusivity to operate casinos on their sovereign lands under the longstanding compact. The contract states that will Connecticut free industry or authorize off-sovereign land gaming, the tribes would no longer be legally required to talk about 25 percent of the slot revenue with Hartford.
Asked by Governor Dannell Malloy (D) to prepare an opinion that is formal the matter, state Attorney General George Jepsen said last thirty days that the satellite casino raises an assortment of concerns, providing more unease for lawmakers.
'The risks . . . while impractical to quantify with precision, aren't insubstantial and can't be mitigated with full confidence,' Jepsen opined.
MGM, which hopes the Connecticut General Assembly votes no on the satellite casino in East Windsor, argues if the state really wants to expand gambling to off-sovereign lands, it will allow bidding that is public.
East Windsor is simply 13 miles south of Springfield. The Nevada-based gaming bigwig says Connecticut would really be discriminating against outside organizations in only enabling MMCT to win a non-tribal gaming casino license.