A lingering jackpot-fixing scandal isn’t stopping the Powerball from reaching record heights – but one lottery watchdog is calling the astronomical jackpot a “scam.” The Iowa-based Multi-State Lottery Association – which runs the drawing – has weathered a jackpot-fixing investigation involving its former security director, Eddie Tipton, and led the group’s board to strip its executive director, Charles Strutt, of his duties.
The junket business in Macau remains in the doldrums and led to closure of 30 to 40 VIP gaming rooms in the past six months.
According to president of the Association of Gaming and Entertainment Promoters Kwok Chi Chung, the number of VIP gaming rooms in Macau has shrunk from 146 to around 100 as junket operators continue to be distressed by bad debts and tighter capital liquidity.
Kwok also attributed the VIP room’s closures to the alleged capital theft from local junket operator Dore Entertainment Co. Ltd. in September, which has prompted some investors to withdraw funds.
“The Dore incident really imposed a negative image on the VIP gaming industry,” Kwok told Macau Business Daily.
The junket business in Macau remains in the doldrums and led to closure of 30 to 40 VIP gaming rooms in the past six months.
According to president of the Association of Gaming and Entertainment Promoters Kwok Chi Chung, the number of VIP gaming rooms in Macau has shrunk from 146 to around 100 as junket operators continue to be distressed by bad debts and tighter capital liquidity.
Kwok also attributed the VIP room’s closures to the alleged capital theft from local junket operator Dore Entertainment Co. Ltd. in September, which has prompted some investors to withdraw funds.
“The Dore incident really imposed a negative image on the VIP gaming industry,” Kwok told Macau Business Daily.
With up to $1.4 billion at stake in Wednesday’s Powerball, questions about the drawing seem to be as abundant as the convenience-store kiosks offering tickets for the record-breaking jackpot. With up to $1.4 billion at stake in Wednesday’s Powerball, questions about the drawing seem to be as abundant as the convenience-store kiosks offering tickets for the record-breaking jackpot.
With up to $1.4 billion at stake in Wednesday’s Powerball, questions about the drawing seem to be as abundant as the convenience-store kiosks offering tickets for the record-breaking jackpot. With up to $1.4 billion at stake in Wednesday’s Powerball, questions about the drawing seem to be as abundant as the convenience-store kiosks offering tickets for the record-breaking jackpot.
A Powerball ticket sold at the Meijer store at 3175 S. Rochester Road in Rochester Hills was one of three worth $1 million sold in Michigan in the record $939.8 million jackpot drawing Saturday, the Michigan Lottery said Monday. No one won the record prize, which now stands at $1.4 billion in Wednesday’s drawing, according to a press release from the Michigan Lottery.
A Powerball ticket sold at the Meijer store at 3175 S. Rochester Road in Rochester Hills was one of three worth $1 million sold in Michigan in the record $939.8 million jackpot drawing Saturday, the Michigan Lottery said Monday. No one won the record prize, which now stands at $1.4 billion in Wednesday’s drawing, according to a press release from the Michigan Lottery.
Nothing is going to stop South Korean pitcher Oh Seung-Hwan from chasing his American baseball dream—not even a punishment from Korea’s top pro baseball league in connection with his gambling escapade in Macau.
The embattled former Samsung Lion player has signed with the St. Louis Cardinals for one year with a club option for a second year, Yahoo! Sports reported on Tuesday.
The 33-year-old, who had 357 career saves, ended his 2015 with 41 saves, and the Cardinals are looking at him “as a reliever who’ll get the ball” to Trevor Rosenthal, the team’s own record-setting closer. Oh’s stellar performance in Japan has earned him two nicknames: “Final Boss” and “Stone Buddha.”
Oh said during Tuesday’s press conference that playing in the major leagues has been a dream that came true for him.
Nothing is going to stop South Korean pitcher Oh Seung-Hwan from chasing his American baseball dream—not even a punishment from Korea’s top pro baseball league in connection with his gambling escapade in Macau.
The embattled former Samsung Lion player has signed with the St. Louis Cardinals for one year with a club option for a second year, Yahoo! Sports reported on Tuesday.
The 33-year-old, who had 357 career saves, ended his 2015 with 41 saves, and the Cardinals are looking at him “as a reliever who’ll get the ball” to Trevor Rosenthal, the team’s own record-setting closer. Oh’s stellar performance in Japan has earned him two nicknames: “Final Boss” and “Stone Buddha.”
Oh said during Tuesday’s press conference that playing in the major leagues has been a dream that came true for him.
Crown Limited co-chairman James Packer is backing The Star’s plan to build a 360-room hotel to compete with Crown’s $2 billion Sydney casino project.
Last week, The Star Entertainment Group confirmed that it is in discussions with the New South Wales government to build a 360-room hotel at its casino complex at Sydney’s Darling Harbor. The Star is also tapping the Ritz-Carlton brand to operate the luxury hotel tower, which could open by 2020. This would beat Crown’s six-star hotel by more than a year.
Since this project will be located across from the 275 meter Crown Sydney hotel–part of Crown’s $2 billion Barangaroo casino project, media speculated that it will intensify the casino war between the two rivals.
But it hasn’t. In fact, Packer expressed his support to The Star’s upgrades, which could attract more high rollers from Asia.
Crown Limited co-chairman James Packer is backing The Star’s plan to build a 360-room hotel to compete with Crown’s $2 billion Sydney casino project.
Last week, The Star Entertainment Group confirmed that it is in discussions with the New South Wales government to build a 360-room hotel at its casino complex at Sydney’s Darling Harbor. The Star is also tapping the Ritz-Carlton brand to operate the luxury hotel tower, which could open by 2020. This would beat Crown’s six-star hotel by more than a year.
Since this project will be located across from the 275 meter Crown Sydney hotel–part of Crown’s $2 billion Barangaroo casino project, media speculated that it will intensify the casino war between the two rivals.
But it hasn’t. In fact, Packer expressed his support to The Star’s upgrades, which could attract more high rollers from Asia.
Payments industry, gird your loins for a challenging 2016.
Yuval Ziv, chief operating officer of SafeCharge, said the past year saw the increasing prominence of Bitcoin as well as the growth of mobile payments, not to mention the continued implementation of 3D Secure, the rush towards globalization of online transactions, and most notably, the severe risk of data breaches and fraud.
This year, Ziv said new authentication technologies will reduce the risk of fraud, but the industry will still have to increase user acceptance.
“The widespread adoption of new authentication methods needs to be ensured to enable a more secured payment environment. Risk will be reduced with new authentication technologies such as Apple Pay. It will be harder to commit fraud. The industry’s challenge will be to adopt new technologies and increase user acceptance. More of these authentication technologies will be introduced. It will be important to make this happen without reducing conversion rates,” Ziv told CalvinAyre.com. “The continued rise of mobile commerce will assist in the reduction of online payment risks. Mobile technology continues to provide more ways to authenticate end users, for example, by giving them better device ID.”
Payments industry, gird your loins for a challenging 2016.
Yuval Ziv, chief operating officer of SafeCharge, said the past year saw the increasing prominence of Bitcoin as well as the growth of mobile payments, not to mention the continued implementation of 3D Secure, the rush towards globalization of online transactions, and most notably, the severe risk of data breaches and fraud.
This year, Ziv said new authentication technologies will reduce the risk of fraud, but the industry will still have to increase user acceptance.
“The widespread adoption of new authentication methods needs to be ensured to enable a more secured payment environment. Risk will be reduced with new authentication technologies such as Apple Pay. It will be harder to commit fraud. The industry’s challenge will be to adopt new technologies and increase user acceptance. More of these authentication technologies will be introduced. It will be important to make this happen without reducing conversion rates,” Ziv told CalvinAyre.com. “The continued rise of mobile commerce will assist in the reduction of online payment risks. Mobile technology continues to provide more ways to authenticate end users, for example, by giving them better device ID.”
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Despite a sharp decline in Chinese VIP market, Philippines gross gaming revenue posted a double-digit growth in 2015.
According to Philippine Amusement and Gaming Corp (PAGCOR) chairman Cristino Naguiat, gross gaming revenue in the Philippines, from government and private-operated casinos, reached PHP130 billion ($2.25b ) in 2015, an increase of 17% from 2014.
Philippine GGR also exceeded its PHP 109 billion ($2.3b) target, set by the Governance Commission for GOCCs (GCG), which monitors the performance of government-owned and -controlled corporations in the country.
Although the gaming revenue posted did not reach Naguiat’s GGR forecast of $3b, he said Philippines gambling sector showed a big improvement despite the business.
Despite a sharp decline in Chinese VIP market, Philippines gross gaming revenue posted a double-digit growth in 2015.
According to Philippine Amusement and Gaming Corp (PAGCOR) chairman Cristino Naguiat, gross gaming revenue in the Philippines, from government and private-operated casinos, reached PHP130 billion ($2.25b ) in 2015, an increase of 17% from 2014.
Philippine GGR also exceeded its PHP 109 billion ($2.3b) target, set by the Governance Commission for GOCCs (GCG), which monitors the performance of government-owned and -controlled corporations in the country.
Although the gaming revenue posted did not reach Naguiat’s GGR forecast of $3b, he said Philippines gambling sector showed a big improvement despite the business.
The Efficient Market Theory isn’t working on LVS because there’s still too much we don’t now. We’ll take a shot at filling in a few blanks.
Lottery officials say the Powerball jackpot has grown to more than a billion dollars. . People walk past a sign advertising the Powerball lottery in New York, Monday, Jan. 11, 2016.
Lottery officials say the Powerball jackpot has grown to more than a billion dollars. . People walk past a sign advertising the Powerball lottery in New York, Monday, Jan. 11, 2016.