Dublin Council opposes new Casino’s in the Irish Capital
Dublin City Council has informed the Irish Government that is will oppose the opening of any Casinos in the Irish Capital. The council have confirmed that they are opposed to any review of the gamling laws that extends gambling beyond what is currently available.
They do not want to see any further gaming arcades or a casino within their jurisdiction, as they firmly believe gambling is dangerously addictive.
Caesars announces new exclusive slot machine
The world’s largest supplier of casino entertainment is launching a new slot machine branded around the film ‘The Hangover’. This new machine will be placed on the casino floor of 31 Caesars casino’s this summer.
This move will make Ceasars the first casino operator in the USA to feature ‘The Hangover’ slots in their prime locates nationwide from June, giving their punters the chance to play the slot first. This launch coincides nicely with the anticipated launch of ‘The Hangover 2’ due out at the end of May.
Billionaire investors head for Macau in China
Macau based casino operators, MGM China, have received massive investment of $190M for it’s £1.5 bn initial public offering.
Word on the street is that hedge fund manager and billionaire John Palson has invested $75m, and Kirk Kerkorian, Las Vegas mogul and billionaire, has invested $50m via a private holding company. Two other investors from Hong Kong, property magnates Proon Jing and Walter Swok are also understood to have invested $40m and $25m respectively.
Gaming mecca, Macau has seen a huge rise in investors, due to rocketing revenue from visitors from mainland China (where casinos are prohibited) who are getting a real taste for gaming. To put Macaus growth in perspective, in their first 4 months of 2011 gaming revenue reached £10bn, and that is equivalent to the entire revenue made in Las Vegas in 2010.