Casino – आवारा मुसाफिर

Atlantic City casino can’t live without a beach, so it’s rebuilding one

May 13, 2023733 Views

What’s an ocean without a beach? One Atlantic City casino that takes its name from the sea doesn’t want to find out, and so it’s spending up to $700,000 of its own money to rebuild a badly eroded beach in front of it. The Ocean Casino Resort began the work Wednesday, and plans to have a new 110-foot-wide beach open for Memorial Day weekend. Chronic erosion near the casino has reduced the beach to just 5 to 8 feet (1.5 to 2.4 meters) wide in places. An earthmover drives along a narrow path on what is left of a badly eroded beach in front of the Ocean Casino Resort in Atlantic City N.J. on May 12, 2023. (AP Photo/Wayne Parry) Bill Callahan, the casino’s general manager, said Ocean can’t wait for the next government-funded beach replenishment project, which could take another yea...

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‘Las Vegas of the Alps’ to vote on casino ban

AWARA MUSAFIR BUREAU

January 20, 2023797 Views

Liechtenstein is renowned for its Alpine scenery and historic castles, but the tiny principality also punches above its weight when it comes to a more down-to-earth tourist attraction - namely casinos. Six currently operate there, dotted across a microstate a tenth the size of London and with a population of just 40,000, earning it the nickname "Las Vegas of the Alps" among punters. All have opened since 2017, after a change in the law made gambling legal, welcoming crowds from Germany and neighbouring Switzerland and Austria to try their luck on slot machines and at tables offering roulette and poker. But all will have to close if supporters of a casino ban being put to a referendum on Jan. 29 get their way. A poster demands: "Foreign casino investors should not call the shot...

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Macau’s 6 casino operators get new licences, Malaysia’s Genting out

AWARA MUSAFIR BUREAU

November 26, 2022998 Views

Macau’s government said on Saturday its six incumbent casino operators would be given new licences to operate in the world’s biggest gambling hub from January, with Malaysian operator Genting missing out on a spot. The highly anticipated announcement signals stability and continuity for the Macau operators who have invested more than $50 billion in the Chinese special administrative region in the past 20 years. But the requirement to spend on theme parks, music and sports adds to financial pressure at a time when revenue has plunged under anti-virus restrictions. Officials in Macau, the world’s biggest casino hub, told a news briefing the main considerations for granting licences included ensuring local employment, developing overseas tourist markets and developing non-gaming pr...

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Casinos reap unexpected rewards in Singapore

AWARA MUSAFIR BUREAU

October 21, 2022984 Views

Las Vegas Sands’ main Macau operations are ailing as China doubles down on zero-Covid. Yet Sands’ New York shares rose nearly 6% on Thursday after results revealed it is having better luck in Singapore. The Lion City now accounts for three quarters of Sands’ top line, up from 22% in 2019. The Marina Bay resort’s adjusted EBITDA of $343 million in the three months to September was the highest since the onset of the pandemic. By contrast, in Macau, formerly the world’s largest gaming hub, Sands suffered a loss of $152 million, as gaming revenue sunk to around 10% of 2019 levels. Rival Genting is also on track to deliver quarterly EBITDA of around 78% of its pre-pandemic levels, thanks to its Sentosa property, according to Citi. Singapore’s resurgence is surprising, given volume...

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Beyond buffets and slots: Casinos double down on fine art

AWARA MUSAFIR BUREAU

July 11, 2022214 Views

The Louvre, The Museum of Modern Art and ... the Hard Rock? Hoping to expand their appeal beyond the slot machine and buffet crowd, some casinos are turning to fine art galleries or exhibitions to bring in new business from customers who might not otherwise visit a gambling hall. In the process, they are helping not only broaden their own customer bases, but are also putting new eyeballs in front of some of the world’s great works of art. Spectators view an image from the "Beyond Van Gogh" exhibit at the Hard Rock casino in Atlantic City, N.J., on Thursday, July 7, 2022. (AP Photo/Wayne Parry) One such effort began Friday at Atlantic City’s Hard Rock casino, where the highly acclaimed “Beyond Van Gogh: The Immersive Experience” exhibit opened. The 30,000-square-foot display us...

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Macau’s casino losses engulf gambling hub

AWARA MUSAFIR BUREAU

June 1, 2022265 Views

Plunging casino revenues in Macau, the world's largest gambling hub, are taking a heavy toll on the wider economy, forcing hundreds of businesses to close down and pushing unemployment to its highest level since 2009. The former Portuguese colony on Wednesday posted one of its worst monthly gambling revenues since September 2020, a week after Macau's government warned that rising job losses and financial strains could trigger social conflicts and destabilise the city's security. The Chinese special administrative region is the only place in the country where it is legal to gamble in casinos. Heavily reliant on casino taxes, which account for more than 80% of government revenue, Macau has had little success in diversifying its economy. "We are the most reliant city in the worl...

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Overseas flights, big April events boost Vegas casinos

AWARA MUSAFIR BUREAU

May 27, 2022818 Views

Gambling in Nevada continued a 14-month hot streak in April and a return of international flights boosted travel nearly to levels seen before the coronavirus pandemic began more than two years ago, according to Las Vegas airport, tourism and state casino revenue reports. The $1.13 billion that casinos statewide reported winning last month represented the best April ever for the state, Clark County and the Las Vegas Strip, the state Gaming Control Board said Thursday. Nevada casinos have now reported winning at least $1 billion every month since March 2021. “This month’s total win amount represents the highest April total gaming win recorded all-time for the state, Clark County and the Strip ... aided by a very robust event calendar in addition to the continued return of internati...

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Philippines lifts casino ban in top tourist island Boracay

AWARA MUSAFIR BUREAU

August 28, 2021766 Views

Philippines President Rodrigo Duterte has lifted a moratorium on casino operations in the country’s top holiday island to generate taxes for its COVID-19 pandemic response, the presidential spokesperson said on Saturday. The firebrand leader has had a longstanding opposition to gambling, halting the construction of new casinos in the Philippines, one of Asia’s fastest-growing gambling markets before the pandemic. FILE PHOTO: A top view of the holiday island of Boracay in Philippines. REUTERS/Erik De Castro “The president has given his go signal allowing the operation of a casino in Boracay,” presidential spokesperson Harry Roque said in a statement. Casino operations in Boracay, the Philippines’ top tourist draw, should follow coronavirus restrictions and keep children away fr...

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Goa govt allows casinos to reopen from Nov 1

AWARA MUSAFIR BUREAU

October 28, 2020783 Views

The Goa cabinet on Wednesday decided to allow casinos to reopen in the state from November 1 by following the COVID-19 prevention guidelines. The coastal state has six offshore and around a dozen onshore casinos, which have been shut since the outbreak of COVID-19 pandemic in March this year. File Photo: Casino in Goa Talking to reporters here after the cabinet meeting, Chief Minister Pramod Sawant said, "The state cabinet has decided to allow casinos to reopen from November 1 onwards." The casinos will have to operate at 50 per cent of their capacity and follow all the standard operating procedures laid down by the state Home department, he said. Sawant also said that casino operators will have to pay the license fees before resuming operations. File Photo: Casino on a ...