Legalization Efforts Prompt the Rise of New Sports Gambling Options
Feb 15, 2021 3:40 PM ET Legal Newswire POWERED BY LAW.COM
More states are now introducing proposals and bills to further expand sports betting under new regulations, making online sports betting legal or removing certain restrictions. As the legal system slowly becomes more friendly towards online sports betting, states around the country turn towards the young and popular industry as a means for generating stronger tax revenue and improve budgets. For example, last year the progress made in Illinois in regards to online sports betting vastly expanded the mobile wagering options available to the state s 12.7 million residents, helping the state to generate millions. According to data from Odds.com, which was published by Forbes, Illinois was poised to generate upwards of USD 73 Million in taxable revenue if the estimates of a USD 488 Million annual market come to fruition. The 15% tax imposed on gaming
In Part 1, the cover story of the
IAG January issue, we examined the current state of play of integrated resort (IR) development in Japan including its rationale, recent events affecting the rollout, the pros and cons of likely IR locations and the current timeline. In Part 2, we compare and contrast the various candidate operators in the race.
Japan is the holy grail of the global integrated resort industry – one of the last remaining advanced economies in the world without casino gaming. In theory at least, a Japan integrated resort ought to be very lucrative.
Japan’s US$5 trillion economy is the third largest in the world, it’s a wealthy nation with a GDP per capita around US$40,000, and its local population has a proven propensity to gamble – with an enormous pachinko industry and the world’s largest horseracing market. Add to that a unique culture, spectacular architecture and design, and an exquisite F&B offering which attracts visitors from across the globe, and
Wynn Resorts, Limited today reported financial results for the fourth quarter and year ended December 31, 2020.
Operating revenues were $686.0 million for the fourth quarter of 2020, a decrease of. | February 5, 2021
GGRAsia – Wynn reconfiguring Macau venues, eyes more market share ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
Most of Macau’s luxury hotels in casino resorts were, as of Thursday, still available for booking for all of the nights of the upcoming, week-long, Chinese New Year (CNY) holiday period, according to checks conducted by GGRAsia.
The average nightly rates of most of those hotel rooms were also lower than for Chinese New Year in 2020. China’s State Council has designated the upcoming holiday period as running inclusively from February 11, a Thursday – the eve of Chinese New Year – to February 17, a Wednesday.
GGRAsia’s occupancy survey drew on information collated from the official booking websites of the relevant casino-resort hotels. As of Thursday, 21 out of 22 local five-star hotels – most of them establishments at Cotai casino resorts – were still available for bookings for all of the nights of the upcoming festive period.