World Gaming Expo

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The planned A$3-billion Gold Coast integrated resort is expected to generate more than 13,000 jobs for residents of the region, local media reported, citing figures released by developer ASF Consortium. In December, the Chinese-backed investors presented a new development plan for the construction of a luxury hotel and casino complex on a piece of land at the Gold Coast’s Southport Spit. A previous plan for a A$7-billion resort on Wavebreak Island submitted by the ASF Consortium had been scrapped by the Queensland Government.

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Swedish gambling group Betsson AB announced that it has undertaken further steps to expand its presence into the UK gambling market. It has made a cash offer to acquire UK interactive gaming company NetPlay TV for £0.09 per share or the total amount of £26.4 million. The deal is yet to be approved by the UK High Court of Justice and NetPlay TV shareholders. Several investors in the gambling company have already provided Betsson with statements of support. The transaction is expected to be finalized in April.

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Developer and supplier of solutions for the international gambling industry Playtech today announced the launch of its newest and largest by far live casino studio. The new facility is located in the heart of Riga, the capital city of Latvia. Lifting the veil on certain important details in relation to its newest endeavor, Playtech said that the studio spreads over almost 100,000 square feet of space and is perhaps the largest one in the industry.

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After co-hosting the recently held Miss Universe beauty pageant, gaming tycoon Kazuo Okad is reportedly getting ready for another major event—the formal launch of his $2.4-billion Okada Manila resort. Okada Manila, developed by Philippines-based Tiger Resort, Leisure and Entertainment Inc., opened its doors to the public last December 21—an event referred to by the venue’s promoter as a “preview period.” The resort launched its casino operations on December 30, after it secured the approval from the state gambling regulator.At the time, Tiger Resorts said the official opening for the resort will take place at the end of February 2017.

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Steve Wynn reportedly told investors and analysts during a call that Wynn Resorts Ltd. hopes to begin construction of its expansive new development in Las Vegas , Paradise Park, before the year’s end, according to the Las Vegas Review Journal.During the call, which was to discuss the company’s fourth-quarter results, Wynn Resorts’ CEO and Chairman of the Board, reportedly said, “I hope to take the business plan to our board of directors in the second quarter and be in a position to begin work in the fourth quarter.” According to the report, Wynn was referring to the proposed 38-acre lagoon attraction, surrounded by a 1,000-room hotel tower and convention center on the Strip.

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Japanese lawmakers have yet to lay down the ground rules for the much awaited opening of the country’s casino but global operators are already starting to jostle for a better market position. Reuters reported that international casino operators are now on the hunt for local partners and venue hosts in Japan as early as January even though Japanese lawmakers may roll out the ground rules by the end of 2017.

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The new Margaritaville Casino represents one of the largest casino build-outs completed under the Margaritaville brand to date. The unique design allows natural light into the casino and offers a view of the Arkansas River.  Highlights of the casino interior design include white-washed millwork and orange palm leaf wall covering, as well as sections of LED backlit panels separated by mullions to suggest a tropical environment outdoors. The LED panels feature palm tree graphics designed by The McBride Company as part of the extensive signage and graphics program.

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The Gibraltar Betting and Gaming Association (GBGA) has received another heavy blow in its more than two-year-long Point of Consumption tax dispute with UK’s HM Revenue and Customs. An Advocate General at the Court of Justice of the European Union said on Thursday that Gibraltar and the UK should be considered a single EU member state; an opinion that will likely affect negatively GBGA’s claim that the PoC tax violated Article.

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Pressured by the European Commission, a number of member states have introduced new iGaming regulatory frameworks over the past decade or so. In most cases, the new regimes have relaxed certain limitations and have opened the countries’ markets to international online gambling operators. There are two main types of gambling services offered within Sweden’s borders – regulated and unregulated ones. Here it is important to note that unregulated services are not strictly prohibited under the country’s existing laws, but are not very welcome by regulators and authorities.

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