News – World Gaming Expo

Las Vegas Sands say it agreed to sell its Sands Bethlehem property in Pennsylvania to Wind Creek Hospitality for $1.3 billion.

Wind Creek is an affiliate of the Poarch Band of Creek Indians of Alabama.

REED MORE

Spain.- Further strengthening its commitment to the Spanish poker market, PokerStars has entered an agreement to sponsor Casino de Barcelona’s popular Campeonato España de Poker (CEP) live poker tour that will take place this year from February 28th to March 4th in Barcelona, finishing in Perlada, November 28th to December 2nd.

A guest of the Fremont in downtown Las Vegas hit a IGT “Wheel of Fortune” jackpot valued at $1.23 million, according to a statement from the hotel.

The Fremont guest, who is from Wisconsin, hit the jackpot about 6:40 a.m. Sunday. He made a $2 bet on the “Wheel of Fortune” Double 3x4x5x Pay game to claim the jackpot, the statement noted.

Portugal’s regulated online gambling market enjoyed record-high revenue in the final quarter of 2017, thanks to a surge in online sports betting.

Figures released Friday by the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) regulatory body show the seven locally-licensed online gambling operators generated combined revenue of €36.5m in the three months ending December 31, 2017, nearly €10m higher than the same period last year and over €7m higher than Q3 2017.

Italy’s regulated online gambling market started 2018 off on the right foot, posting double-digit sports betting gains and setting a new online casino record.

Figures compiled by Italian gaming news agency Agimeg show total land-based and online sports betting revenue of €150.5m in January, up 15.5% year-on-year. However, the online portion of that total was up 27.5% to €60.8m, dramatically outpacing retail betting’s 8.7% growth.

On a day when his company announced record fourth quarter profits, casino developer magnate Steve Wynn announced plans to build a new Wynn Resorts hotel in Las Vegas.

The Wynn West, which will be located just across the street from the Wynn and Encore hotels, will be a 2,000-3,000 room hotel development on a 38-acre site that the company purchased in December for $336m.

Would you bet $1 billion to start a business in a market that experts call “over saturated?” Would you start that business knowing that all your recently opened competitors are failing to make the money they expected?

The people behind the Resorts World Catskills casino near Monticello in Sullivan County are taking that bet. They are opening the initial phase of their project Feb. 8, amid widespread reports that the Upstate New York casino market is “crowded” and “tough.”

This year’s edition of the annual ICE Totally Gaming exhibition is due to be held from February 6 to 8 at London’s ExCeL Centre and organizer Clarion Gaming has revealed that it expects the extravaganza to attract well in excess of 30,000 visitors.

The three-day ICE Totally Gaming 2018 is to see hundreds of firms from the casino, betting, bingo, lottery, mobile, online, social, sportsbetting and street gaming sectors showing off their latest and most popular wares. Attendees will moreover be able to attend a range seminars to gain insights from experts such as prominent British economist Sir Alan Budd, who is to provide the keynote address for the event’s Annual Regulators Luncheon.