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The Hong Kong-listed Landing International has announced this week it has completed the sale of its London venue Les Ambassadeurs Club and Casino. The transaction, which took place 11 October, has been tagged at HKD2.5bn (US$320.3m), according to a firm statement.
“All conditions precedent of the disposal agreement have been fulfilled and the completion took place on 11 October 2017,” said Landing International in a filing.

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Australia.- The Queensland government revealed that it gave the permission for a second casino to be built on the Gold Coast. The state government will launch a campaign to find an international developer.

Mayor Tom Tate announced late last week that State Development Minister Anthony Lynham wrote to him on behalf of Premier Annastacia Palaszczuk to confirm the support for a second casino that will compete with The Star at Broadbeach. The second casino could be built on private or public land anywhere in Queensland, local media confirmed.

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Asia’s premier gambling hub continues to enjoy a robust VIP segment in the third quarter based on the figures released by Macau’s Gaming Inspection and Coordination Bureau (DICJ).

VIP baccarat GGR was worth approximately MOP38.69 billion (US$4.81 billion) in third quarter of 2017, representing 57.7 percent of all casino revenue. In the third quarter 2016, VIP baccarat was nearly 52.1 percent or MOP28.65 billion ($3.56 billion).

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The Japanese government is considering collecting some of the revenue from the operators of casinos to be set up as part of so-called integrated resorts, mainly for financing measures to help prevent gambling addiction, sources said Monday.

The collected money, which will be split between the central and local governments, is also slated to be used to beef up social welfare measures and promote art and culture, the sources said.

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Switzerland’s casinos reported modest a profit increase in 2016, snapping a nearly decade-long losing streak.

New figures released by the Swiss Federation of Casinos (SFC) show the country’s 21 licensed brick-and-mortar gaming venues reported gross profits of CHF 689m (US $711m) in 2016, 1.2% higher than 2015’s total. Twelve Swiss casinos posted year-on-year gains last year, while the other nine suffered slight declines.

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When it comes to show-stopping casinos unlike any other, Las Vegas and Monaco are often the first destinations that spring to mind.

However, that’s not to say that you can’t find a dazzling setting elsewhere – in fact, there are plenty of destinations worldwide upping the ante and choosing some seriously impressive settings to house their own casinos.

From renovated medieval banquet halls in the heart of the British countryside, to an underground hotel in the heart of the Australian outback, there a few which have caught the attention of visitors looking for a touch of adventure.

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The UK gambling industry generated record gross gambling yield of £13.8 billion in the period between October 2015-September 2016, the latest figures posted by the UK Gambling Commission show.

The amount of £13.4 billion was generated during the previous (April 2015-March 2016) reporting period.

Online gambling was the largest sector in the country for a second consecutive reporting period. Gross gambling yield from iGaming and sports betting services totaled £4.5 billion during the reviewed twelve months, up from £4.2 billion in April 2015-March 2016.

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A new decree specifying the conditions for operating casinos on board merchant ships that are carrying French passengers has been published in the Official Gazette.

The decree states that irrespective of the casinos installed on board and of their registration registry, the new regulations are effective starting July I, 2017 for vessels flying the French flag. According to G3Newswire, as many as 15 gaming machines may be operated by ships, such as ferries, which operate on a regular intra-community route. Those vessels which operate in international waters are permitted to operate in addition to traditional table games.

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