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MGM Resorts International, the biggest American casino announced its newly-established MGM Resorts. Japan subsidiary has followed the competitor Melco Resorts and Entertainment Limited to become an official partner. This is in the bid to bring 2025 World Expo to the city of Osaka.
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Crown Resorts (the parent company of all Crown Casino establishments) has filed a dispute against an AU$270 million tax levy the Australian federal government has thrown at the group. The casino operator claims that the Australian Taxation Office (ATO) has made an error and that the bill is around 5% higher than the profit posted for last year.
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Western Australia Tourism, Racing and Gaming Minister Paul Papalia said the government was committed to growing the cruise industry in the state by addressing regulatory and infrastructure issues.
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Up until now, Australia’s online gambling market was considered a gray zone. There was no specific law that that prevented or allowed Australians to gamble online and, as such, a thriving industry grew between offshore igambling operators and Oz gamblers. To operators, Australia is known by far to be their most lucrative gaming market. A report released this year by H2 Gambling Capital (H2G) showed that betting losses per resident adult in Australia amounted to just under $1,000 last year – 40% higher than Singapore who was next on the list. It is easy to understand then, why online gambling operators are keen to hang on to this lucrative market as long as possible. But changes are looming on the Australian legislative front, and already the country is starting to feel the effects. Big names in the industry, including the Isle of Man based online casino software provider,
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The new legislation would reclassify betting shops. Since betting shops are in the same category as banks, they are allowed to be opened virtually anywhere a betting operator chooses. Changing the category will allow local councillors to weigh in on the number of shops that are permitted to open in their jurisdictions, limiting the number of new gaming machines that are introduced into the community.