The nine casinos that operate in the country recorded gross gaming revenues of 253.5 million euros in 2017, compared with 264.9 million in 2015 and 688.1 million in 2006.
Rep. Edwin K. Propst (Ind-Saipan) said the issues surrounding Imperial Pacific International (CNMI) LLC should be a concern since the casino operator is the sole licensee on the island, unlike in other countries were there’s no monopoly.
Issues about IPI contractor GPPC Inc. being owed payment, partial delay in the release of payroll, and the recent resignation of two ranking IPI officials were some of the issues that has hounded IPI in the past few weeks.
TINIAN — Bridge Investment Group’s casino and hotel resort project is making progress as far as construction is concerned, Tinian Casino Gaming Control Commission Executive Director William Cing said.
He said of the three casino licensees on Tinian, BIG alone is “moving forward.”
The two other licensees are Alter City Group and Tinian Entertainment Corp. which is trying to re-open the defunct Tinian Dynasty.
TINIAN — Alter City Group’s casino license has been suspended due to their failure to pay the annual casino license fee, Tinian Casino Gaming Control Commission Executive Director William Cing said.
Under the casino license agreement, ACG is required to pay a license fee of $500,000 every year for 40 years, he added.
But the company failed to pay last year and “they have not done anything yet on the property since they broke ground years ago, Cing said.
A series of meetings are planned with representatives of US companies Mohegan Gaming & Entertainment (MGE), Caesars Entertainment, Las Vegas Sands, Hard Rock Entertainment and China’s Melco Resorts & Entertainment Ltd.
The Public Affairs Management Committee submitted the Gambling Bill 2018 to Pyithu Hluttaw on August 21. If the bill, which includes amendments the 1986 Gambling Act, is accepted by the hluttaw, foreigner-only casinos will likely be permitted to operate in Myanmar.
A teenager in Finland discovered a software loophole in a Maltese online casino and stole €250,000 from clients' accounts, a Finnish court has been told.
Officials in Yokohama say 22 companies have joined the RFI process for developing property in the region, which could include a casino.
When the Diet passed a law governing the operation of integrated casino resorts last month, public celebrations were few. Media polls showed strong public opposition to casinos, with respondents citing worries about problem gamblers and more crime.
In February, US giant Caesars Entertainment was reported to be among those interested in bidding for a casino license at Elliniko.