Genting Dream Cruises has made its maiden voyage to Okinawa. The ship owned by the Malaysian gaming conglomerate first set sail last November, but this week it harbored in Japan for the time that is first.
Genting Dream Cruises President Thatcher Brown, left, and Naha tourism official Takao Kadekaru, celebrated the cruise liner’s inaugural journey to Japan this week.
One of the largest gaming businesses in the world, the Malaysia-based Genting Group owns and operates casino resorts in its home country, in addition to in the us, United Kingdom, Singapore, China, Philippines, Caribbean, and South Korea. It owns dozens of land-based gaming properties, but Genting’s latest investment is on the high seas.
Dream Cruises has ports in the Chinese urban centers of Guangzhou and Hong Kong, and travels to a number of Pacific Ocean destinations including Malaysia, Thailand, and Indonesia. This week, it added Japan by means of Naha, the administrative centre city of Okinawa.
Genting says the ship features all the comforts of authentic Asian hospitality. The Genting Dream is a non-gaming vessel though the company is known for gambling.
In addition to Dream Cruises, Genting also owns Star Cruises, the third cruise line that is largest in the planet behind only Carnival and Royal Caribbean.
Japan Casino Odds
A monumental development for the country that has long opposed commercial gambling in December, Japan’s National Diet passed legislation to authorize two land-based integrated resorts. The legislature agreed to allow gambling to come onto its shores at the bequest of Japanese Prime Minister Shinzo Abe to make the Asian nation more tourism friendly.
Casino companies around the world immediately began working on their proposals. Seen because the holy grail of untapped gambling markets, MGM, Las Vegas Sands, Galaxy Entertainment, Melco Crown Entertainment (formerly Melco Crown), yet others are expected to make multibillion-dollar pitches to obtain certainly one of the coveted casino licenses.
The conglomerates are searching for local partners and hyping their mammoth investments in hopes of luring Japan regulators with their side. But Genting Group might have the scheme that is best operating.
With gaming properties established on three continents, and completely operational cruiselines that can transport visitors from different Asian countries to Japan, Genting’s pitch might be too sweet to resist.
The dietary plan is currently in the act of making a choice on the legal regulatory framework for gambling and determining where the venues might be permitted. Along with Osaka and Tokyo, Okinawa is thought to be a likely built-in resort destination.
Genting isn’t the only entity getting into the water and cruising the Pacific Ocean. Final month, the North government that is korean it absolutely was looking for international investors to come aboard in developing a cruise line that will bring passengers to Mount Kumgang, one part of the heavily restricted country where tourists can occasionally enter.
The Kumgang Special Overseas Tourism Zone is seeking a $20 million partner to build a ship that could ‘be equipped with different facilities to enable 1,000 travelers to do social and travel that is safe the ocean,’ the Korean federal government explained in poor English. So far, no takers.
UK Bookie Pays Out on Red Rum Bet 43 Years Late
A 1974 bet on the legendary racehorse that is british Rum to win that year’s Grand National was settled 43 years after the race was won this week.
Red Rum, who won the 1973 Grand National after coming back from 30 lengths behind. No wonder Bob Holmes’ late father-in-law backed him the year that is following. (Image: Liverpool Echo)
Bob Holmes, a retiree that is 74-year-old found the winning betting slip among the belongings of his late father in law and contacted bookmaker William Hill, which confirmed the bet had never been cashed. William Hill not merely honored the wager but also adjusted it for inflation for a pay-out of £130 (£160).
Sensing a PR op, the organization also offered Holmes another £130 to bet with this year’s Grand National, coming up this plus another £130 to donate to the charity of his choice sunday.
Latest Cash-out Ever
‘My sister-in-law had been moving house and my family and I were helping her to see just what could be thrown out, so I became looking through a whole pile of old papers, tax returns, bank statements and so on,’ explained Holmes to your Daily Telegraph. ‘I discovered a scruffy bit of paper that ended up to be always a slip that is betting had been placed but never cashed. It was for Red Rum in the 1974 Grand National when I looked more closely.
‘It is really a mystery [why he never cashed out]. My father-in-law probably lost the betting slip and wasn’t in a position to cash it. It was very uncommon for him to bet. He was maybe not a man that is betting maybe a couple of times a year on the National or the Derby.’
One of the Greatest
Not just is this regarded as an archive for the latest cash-out ever, nonetheless it also provides a little nugget of betting memorabilia. Red Rum is considered to function as the British’s greatest ever steeplechaser
The Grand National, meanwhile, was described as ‘the ultimate test of a horse’s courage,’ a handicap steeplechase over four miles, with 30 fences to jump. Red Rum won the competition an unparalleled three times, including the year, of course, that Holmes’ father-in-law placed his bet.
In the previous year’s race, in 1973, the thoroughbred came from 30 lengths behind to win the race, and was transformed into an equine national celebrity. His 3rd victory, in 1977, had been voted by Britons in 2002 as ‘the 24th best sporting moment of them all.’
‘It is a record,’ said Graham Sharpe, spokesman for William Hill of the 42 year-old betting slip. ‘I’ve worked at William Hill for 45 years and the record before was seven years, for a lady whose husband had passed away and she hadn’t felt able to go through his clothes until then, and had found a betting slip.
Maryland Casinos Profit Record Monthly Total, MGM National Harbor Back on Top
Maryland casinos generated $141.2 million in income during March, the state’s best performance that is monthly gambling was legalized back in 2008.
Business is great at MGM National Harbor, but maybe not all the Maryland casinos are celebrating March’s record haul. (Image: Getty Images)
MGM National Harbor, the casino that is newest in Maryland, had been the top earner with $51.2 million. The $1.4 billion resort across the Potomac River from Washington, DC, opened in December to much fanfare. The megaresort has retaken the stronghold position after losing its place as the top dog in February to Maryland Live.
Maryland Live in Arundel Mills near the Baltimore Washington Overseas (BWI) Airport dropped to second with $46.6 million in winnings. Horseshoe Baltimore, the downtown Caesars property, put a remote third with nearly $27 million.
Hawaii’s three staying casinos are smaller, regional gambling venues. Combined, Hollywood Casino Perryville, Rocky Gap Casino Resort, and also the Casino at Ocean Downs netted about $16.4 million.
Maryland Would Go to MGM
In 2012, voters approved a referendum to add a sixth commercial land-based casino resort to join the last law’s authorization of five gambling establishments. Experts to the approval five years ago voiced issues that the resort that is massive poach from existing casinos.
March’s $141.2 million total represents a year-over-year increase of significantly more than 44 percent in comparison to the exact same month in 2015.
‘There were plenty of naysayers that stated all MGM nationwide Harbor would do is cannibalize revenues that are existing’ gaming consultant and Harford Community university professor James Karmel told The Baltimore Sun. ‘This is really good.’
However when MGM’s March income is subtracted, Maryland’s five casinos actually saw gaming income decrease eight percent. Maryland Live saw its revenue fall by 14.6 percent, and Horseshoe Baltimore destroyed 2.4 percent. Combined, the 2 properties lost over $8.6 million.
While MGM and its particular supporters will dsicover the bright side in that Maryland’s total gaming revenue grew by $43.3 million, those who’re paying the purchase price, specifically Maryland Live, won’t be sharing in the excitement.
Staying In Front Of the Game
With its competition that is new from roughly 35 miles south, Maryland Live is investing heavily in its property to better place its marketability. Locally owned by the Cordish Company, a private estate that is real situated in Baltimore, the casino announced in 2016 so it would be investing $200 million to construct a 17-story Live Hotel tower with 310 guestrooms.
For comparison, also to highlight the turf that is bitter, MGM nationwide Harbor has 308 rooms.
Construction on the tower has begun, and to focus on overnight guests for the time being, Maryland Live bought a nearby Hilton Garden Inn and Homewood rooms last autumn. The resort has because been rebranded as the Live Lofts, and provides shuttle that is free to and through the casino.
Maryland Live is catering to the more blue collar crowd. A room is booking for $130 at Live Lofts, while National Harbor is sold out at rates that ranged everywhere from $399 to $529 tonight.
Connecticut Tribes up Ante for Third Casino by Offering State More Tax Revenue
The two Connecticut tribes that try to jointly build a satellite casino in East Windsor are sweetening their proposal to hawaii by offering up tax that is additional created through the wished-for slot machines.
Mohegan Tribe Chairman Kevin Brown (left) and Mashantucket Pequot Chairman Rodney Butler are willing to guarantee payments to the continuing state should the Connecticut tribes be permitted to make a casino in East Windsor. (Image: MMCT)
The Mashantucket Pequot and Mohegan tribal countries, operating under the commercial partnership name MMCT, are petitioning lawmakers to enable them to place a third gambling venue in the north-central area of the state just south regarding the Massachusetts edge. With the $950 million MGM Springfield set to open next 12 months, the Native US groups are justly concerned with losing gambling money to the megaresort.
Connecticut’s General Assembly must decide whether to soon authorize the East Windsor site.
To entice votes, MMCT announced this week they are willing to guarantee that revenue checks from their two casinos that are current Foxwoods and Mohegan Sun, will stay being sent to the state. The tribes said they would be willing to share 25 percent of the East Windsor slot money as well as an additional incentive.
‘we do not know it doesn’t hurt,’ Connecticut House Speaker Joe Aresimowicz (D-Berlin) told reporters if it changes the overall possibility of the bill becoming law, but. ‘I think it’s still a 50-50 idea.’
Millions at Stake
Connecticut’s video gaming compact with the tribes mandates that 25 % of their slots that are gross is paid to the state. That equates to over a quarter of a billion bucks each year, a crucial budget funding source that is in partial jeopardy of being lost, the tribes contend.
Connecticut’s General Assembly and its State Senate Public Safety and Security Committee are tasked with signing off regarding the East Windsor casino because the venue would not be built on sovereign tribal land. While enabling the tribes to add another casino to contend with Massachusetts’ gambling expansion in order to keep money in the Constitution State appears like a no-brainer, there are severe potential consequences that are legal.
The priority is that by authorizing a third casino, despite being presented by the tribes themselves, the state would really be terminating a decades-old agreement with the Native American groups.
Under the longstanding lightweight, the 2 tribes have exclusivity to operate casinos on the sovereign lands. The contract states that will Connecticut free industry or authorize land that is off-sovereign, the tribes would no longer be legally required to fairly share 25 percent of their slot revenue with Hartford.
Asked by Governor Dannell Malloy (D) to prepare a formal opinion on the matter, state Attorney General George Jepsen stated last thirty days that the satellite casino raises an assortment of concerns, providing more unease for lawmakers.
‘The risks . . . while impractical to quantify with precision, are not insubstantial and can’t be mitigated with confidence,’ Jepsen opined.
MGM, which hopes the Connecticut General Assembly votes no in the satellite casino in East Windsor, argues if the state wants to expand gambling to off-sovereign lands, it should allow general public bidding.
East Windsor is simply 13 miles south of Springfield. The Nevada-based gaming bigwig says Connecticut would essentially be discriminating against outside businesses in just allowing MMCT to win a gaming casino license that is non-tribal.