Blog por Daniela Freitas

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11.03.2020

Melco Crown Calls Sheldon Adelson’s $10 Billion Bet on Japan, Hard Rock Scrambling for Partners

Melco Crown Entertainment won’t be intimidated by Las Vegas Sands billionaire Sheldon Adelson’s comments this week that he’s ready to spend up to $10 billion on building a casino in Japan.

Melco Crown CEO Lawrence Ho says there’s no cap on how much his company is willing to spend on an integrated casino resort in Japan.

Hong Kong businessman Lawrence Ho, the billionaire son of Stanley Ho who held a gambling monopoly in Macau for 40 years, told reporters soon after hearing of Adelson’s pledge that his company is prepared to invest even more. During the same investor conference in Tokyo, Ho explained, ‘We’ll absolutely spend whatever we need to win.’

Japan legalized commercial casinos last fall, but hasn’t determined the specific regulations for the newly liberalized industry. The country’s parliament is working to decide how many gambling licenses will be issued, but the general consensus is that just two properties will be authorized.

In a press release unveiling Melco Crown’s integrated resort concepts for Japan, Ho added, ‘There currently is no predetermined cap on our intended investment. I prefer not to constrain our dreams… with price tags, particularly at this early stage.’

Melco Crown Entertainment was founded in 2004 through a partnership between Melco International Development and James Packer’s Australian Crown Resorts.

Between Rock and Hard Place

With Adelson, a man w (mais…)

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10.03.2020

Sports Betting Legalization as Polarizing as National Politics, New Poll Finds

Sports betting legalization is on the minds of many state politicians across the country, and gaming companies are licking their chops at the potential prospect of taking bets on pro and college sports.

America is split on Donald Trump’s presidency, and the public also can’t seem to make up its mind when it comes to sports betting legalization.

But the topic of ending sports gambling prohibition in the United States and repealing the Professional and Amateur Sports Protection Act (PASPA) is about as polarizing of an endeavor as picking between Donald Trump and Hillary Clinton for president.

According to a new poll conducted by Seton Hall University’s Sharkey Institute, 46 percent of Americans support legalization, while 42 percent said it would be a bad idea. Thirteen percent of respondents said they weren’t sure where they stood.

Passed in 1992, PASPA bars states from allowing sports betting markets to operate. Nevada, Montana, Delaware, and Oregon were granted exemptions from the federal statute due to already having some sort of sports gambling when the legislation was passed, but today only the Silver State takes full advantage of its immunity.

Polling Positives

Though the sports betting legalization research shows that Americans today are divided, the consensus should tilt in favor of ending the ban in the coming decades. That’s because Seton Hall found that 67 percent of those aged 18 to 29, and (mais…)

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10.03.2020

Raiders Were ‘Picking Adelson’s Pocket’ Through Stadium Deal, Says Spokesman

Sheldon Adelson withdrew a $650 million dedication to help build a arena in Las Vegas for the Oakland Raiders after becoming frustrated using the team’s overreaching demands and signals that are mixed him during negotiations.

Mark Davis and Sheldon Adelson, pictured here in happier times, are not working together in the $1.9 billion ‘Las Vegas Raiders’ stadium project. Adelson spokesman Andy Abboud had some words that are harsh the Raiders this week.

This is in accordance with Andy Abboud, vice president of federal government relations and community affairs for LVS.

Abboud told the nevada Review-Journal, a newspaper owned by his boss, Adelson, that the straw that is final once the Raiders took a proposed stadium lease agreement to the Las Vegas Stadium authority without informing the Adelsons.

No mention was made by the lease associated with the Adelsons as a partner, a turn of events Abboud describes as ‘stunning.’

‘I’m still racking your brains on exactly what the hell these people were thinking,’ Abboud said. ‘Had they told anyone ahead of time they were likely to dump that document, even when they had told us, ‘We don’t want you in the deal anymore,’ should they had shown anyone that has been associated with this process at all that document, we might have said, ‘What in the hell are you thinking?”

Commitment Issues

Four days after the meeting with the authority, on 30th, Adelson pulled his c (mais…)

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