About 52% of the money made by hotels and casinos on the Las Vegas Strip comes from food and beverage sales, while gaming only accounts for a third. As a result, operators are increasing their entertainment, restaurant, shopping and convention offerings to remain attractive destinations for visitors from Southern California.
Melco Resorts & Entertainment has created an advertising campaign for its City of Dreams casino resort in Macau that features historical and mythical figures, such as Napoleon, Nike and Calliope. "The Art of Winning" campaign focuses on themes of victory and triumph alongside the Morpheus Hotel's futuristic design.
MGM Cotai has welcomed a Sega Sammy Creation electronic gaming machine called "Baccarat Maximum Fortune." "We plan to expand this product in Macau and across Asia this year," Takahiko Jindo, the company's vice president, said.
Louisiana's Margaritaville Resort Casino will switch hands to VICI Properties for $261 million. The resort will be leased to Penn National Gaming, which will pay rent on the property for 15 years and have the option to renew.
The UK Gambling Commission has penalized online gaming company 32Red with a $2.64 million fine after the operator allowed a problem gamer to continue betting without money laundering or social responsibility checks. "Operators must take action when they spot signs of problem gambling and should be carefully reviewing all the customers they are having a high level of contact with," Richard Watson, executive director of the commission, said.
Legislators in the UK are considering raising the online gaming tax from 15% next year while delaying a cut in the maximum stakes of fixed-odds betting terminals to $2.65 until 2020. "We are changing the rules so they balance the needs of vulnerable people, those who gamble responsibly and people who work in this sector," according to a statement from the Treasury.
Two gaming labor organizations in Macau are concerned about the effectiveness of a bill that would fine casino workers found on gaming floors outside work hours. "The range of the fine is not that much of a deterrent, especially to people that really have gaming addiction problems," said Power of the Macao Gaming Association President Stephen Lao Ka Weng.
Vietnam's Ministry of Planning and Investment has turned in paperwork to the prime minister to allow locals to enter the casino on Phu Quoc island. Entry would be part of a three-year trial period that would extend gaming to those older than 21 with a monthly income of at least $437.
The percentage of Australians placing bets on their mobile phones has been increasing steadily, rising to 22.7% of players in March, according to a report by Roy Morgan Research. However, the number of Australians placing sports or racing bets online fell from 3.7 million in 2012 to 3.4 million in March 2018.
The recent $300 million update at California's Pechanga Resort Casino has almost doubled the resort's room capacity to 1,090. The expansion also has created a 25,000-square-foot spa and a 4.5-acre pool complex with a restaurant, 27 cabanas, a swim-up bar and two waterslides.
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