casinos – आवारा मुसाफिर

Increasing popularity of online gambling boost the Casinos & Gambling market

July 20, 2024171 Views

The global casinos and gambling market size is estimated to grow by USD 132.17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 10.43% during the forecast period. Increasing popularity of online gambling is driving market growth, with a trend towards increasing use of social media marketing by casino operators. However, socio-economic impact of casinos poses a challenge. The Casino Gaming Equipment Market size was valued at USD 13.13 Billion in 2023, according to the SMR analyst. The total Casino Gaming Equipment revenue is expected to grow at a CAGR of 5% from 2024 to 2030, reaching nearly USD 18.48 Billion by 2030. FILE PHOTO: Visitors walk past the Casino Lisboa operated by SJM in Macau, China. REUTERS/Lam Yik Social media mark...

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Macau casino operators soar as China allows tour groups after nearly 3 years

AWARA MUSAFIR BUREAU

September 27, 2022241 Views

Shares in Macau casino operators soared up to 13% on Monday after the city's leader said China would resume an e-visa scheme for mainland travellers and permit group tours, which could likely boost the footfall in the world's biggest gambling hub. The Chinese special administrative region, which is the only place in the country where it is legal for citizens to gamble in casinos, will aim to open to mainland tour groups in November for the first time in almost three years, the city's chief executive Ho Iat Seng said on Saturday. FILE PHOTO: A woman walks past a Bank of China branch next to the Grand Lisboa hotel and casino (R) in Macau, China December 21, 2019. REUTERS/Jason Lee Macau, a former Portuguese colony, has implemented stringent COVID-19 pandemic restrictions with tight...

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‘Las Vegas of Asia’ tells casinos to grow beyond gambling

AWARA MUSAFIR BUREAU

July 12, 2022286 Views

Losing money due to COVID, the American casino giants that helped make Macao the “Las Vegas of Asia” face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions. The former Portuguese colony stayed out of business decisions for decades and now is aligning with official strategy on China’s mainland, where foreign companies are required to help pay for the ruling Communist Party’s development ambitions, profitable or not. FILE PHOTO: Gambling tables are set inside the casino during the opening ceremony of the Venetian Macao Resort in Macao. (AP Photo/Kin Cheung, File) The licenses of MGM Resorts, Las Vegas Sands, Wynn Resorts and three Chinese rivals that invested billions of dollars in M...

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Meghalaya to bet big on casinos for tourists

AWARA MUSAFIR BUREAU

April 24, 2022698 Views

The picturesque north-eastern state of Meghalaya has drawn up big plans to bring in casinos and on-line gambling and gaming for tourists to rake in much needed revenues, top officials said. Taxation Minister James PK Sangma said the state government has come up with the Gaming Act following which the Gaming Rules 2021 will facilitate issuing of licenses to operators to conduct games of skill and chance both in online and offline version. As we have seen in many states, this venture has positive impacts not just in terms of GST revenues but also in terms of generating a lot of employment opportunities from the vibrant tourism industry, Sangma told PTI. The move to get into gaming in a big way comes some forty years after archery-based betting was first legalized in Meghalaya, ...

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Vegas, Macau…Dubai? Global casinos raise bets on gambling in the Gulf

AWARA MUSAFIR BUREAU

April 13, 2022386 Views

It's been the subject of quiet speculation among diplomats and executives for years, but now global casino bosses are setting their sights on a once improbable prize: gambling in the United Arab Emirates Ras Al Khaimah, one of the smaller and lesser-known of the seven emirates, said earlier this year that it planned to regulate gaming in some resorts. On the same day, Las Vegas casino giant Wynn Resorts said it would build a resort licensed for gaming, or gambling, on a man-made island. The announcements could mark a watershed moment for the Gulf, a region that has traditionally imposed stricter Islamic rules than other parts of the Middle East, and one where gambling has long been off-limits. FILE PHOTO: A general view of the luxury Burj al-Arab Hotel at Jumeirah area in Dubai, ...