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Changes Afoot: Tropicana Atlantic City Casino Sold As Part Of $1.85 Billion Deal
tropicana ac icahn nj casino

In another change for Atlantic City's casinos, Carl Icahn has sold Tropicana Atlantic City hotel and casino as part of a larger deal that gives Tropicana Entertainment Inc. new owners.

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Vizexplorer Launches New Golden Record Solution For Casinos

Intelligent data matching enables unified customer records and helps operators understand the total value of their players for the first time


Casino News Daily
Singapore Needs Greater Consolidation of Casino Regulators, Says Josephine Teo

Josephine Teo, the Second Minister for Manpower and Home Affairs of Singapore, said that greater consolidation of the functions of casino regulatory authorities should be considered, especially at a time when the country’s gambling landscape has been quite complex.

Today, Ms. Teo took part in the annual Workplan Seminar of the Casino Regulatory Authority seminar that was held at Biopolis in Buano Vista. She highlighted the fact that currently, different regulations and agencies are set to control the gambling products offered in the country, such as casinos, private clubs’ fruit machines as well as online gambling. The Second Minister for Manpower and Home Affairs also gave her assessment for the approach, saying that such partial strategy and measures would hardly be sustainable or suitable enough in order for the constantly increasing difficulties related to the existing gambling landscape.

The seminar, at which Ms. Teo was present, was aimed at outlining the history of the agency and providing better perspective of the future challenges it is expected to face. It was held as an one-day event in conjunction with the 10th anniversary of the Casino Regulatory Authority.

Singapore Gambling Sector to Face Further Challenges

Increasing regional competition was pointed as one of the most serious challenges posed to Singapore casinos. Ms. Teo also predicted that competition for tourism revenues is to become even stronger, with a lot of jurisdictions keeping their eyes on the Singapore integrated resort (IR) concept. According to the Second Minister, the local integrated resorts would face some difficulties to stay ahead of competition.

Singapore is currently home to two integrated casino resorts. The first one, Resorts World Sentosa, is run by Genting Singapore Plc, while the second one, Marina Bay Sands, is operated by a division of Las Vegas Sands Corp. Integrated resorts, however, are not a special trademark of Singapore only, as other jurisdictions have been aimed at adding IRs to their gambling industries as well. Japan, for example, is slowly but surely approaching a regulated casino industry that is to feature casinos as part of larger hotel, gaming and entertainment complexes.

Technological disruption, on the other hand, has been outlined as another major challenge to be faced by the gambling sector in Singapore. New game types, new payment methods as well as new gaming machines are constantly added, which basically means that local casino regulatory authorities need to review their methods and establish qualitative control to adequately face the latest developments of the industry. According to Ms. Teo, regulations could and need to evolve in order to allow a more coherent system to be set and to maintain the balance between efficient regulation and keeping the market open for innovations.

For some time now, the Ministry of Home Affairs of Singapore has been preparing for certain development, with the competent authorities being studying the wider gambling regulatory framework in the country. Ms. Teo urged the Casino Regulatory Authority to put more efforts into building up capabilities, stamina, new and more effective strategies and integrity in order to adapt to the new demands of the local market.

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Casino –
Thunderbird Resorts flies out of Peru

Sun Dreams SA, born out of a partnership between South African casino company Sun International and Chile’s Dreams SA, is now officially the proud owner of four casinos in Peru. Thunderbird Resorts Incorporated handed over the keys in a deal that was first announced last October, G3Newsire reported. While certainly not the most expensive casino deal ever recorded, not many would balk at the chance to pick up $26 million in cash, which Thunderbird received for the sale.

Thunderbird Resorts flies out of PeruThe four casinos include the Luxor Casino Lima, Fiesta Hotel and Casino Lima, Mystic Slots Cusco and Luxor Casino Tacna. The deal was initially expected to be finalized in January, but was delayed over regulatory hurdles and “transactional conditions.” In a statement provided to the Chilean Financial Markets committee, Sun Dreams’ General Manager Jaime Wilhelm said, “The purchase is part of Sun Dreams SA’s international expansion plans and is expected to have a positive impact on the company’s results, due to the incorporation of assets that generated revenues in the last 12 months of approximately US$19.6 million and the extension of the average duration of the company’s gaming licenses as a result of a regulatory framework that delivers continuously renewable gaming licenses.”

Thunderbird was founded as International Thunderbird Gaming Corporation in 1994, and started by providing equipment and expertise to the Native American casino markets. It opened its first casino in Guatemala City, Guatemala, in 1997 and followed that up the following with a 20-year contract to operate four casinos in Panama. Over the years, it expanded to other Central and South America countries and subsequently changed its name in 2005 to Thunderbird Resorts.

Thunderbird isn’t exiting the gambling business completely. It still operates other casinos in various Latin American countries, as well as a mixed-use, 19-story tower in Lima, Peru. That building houses a hotel with 66 suites, 58,125 square feet of leasable office space and 158 underground parking spaces. Thunderbird plans on releasing its 2017 Annual Report by the end of this month, in which it will detail what it plans for its remaining assets. It is traded on the Euronext Amsterdam under the trading symbol TBIRD.

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Partypoker LIVE MILLIONS Grand Final Barcelona Main Event won by Pascal LeFrancois for €1,700,000
Imagine a battlefield of 1,175 talented poker players and being the last one standing to win the title and a prize worth €1.7 million...that's what Canadian Pascal LeFrancois did at the 2018 partypoker LIVE MILLIONS Grand Final Barcelona €10,300 Main Event! The event featured a humongous €10 million guarantee, and that number was easily surpassed when 1,175 players signed up, bringing the final prize pool to €11,397,500! The prize money €1,700,000 (around $2,108[...]