Monthly Archives: January 2018

Maryland’s National Harbor casino sets new revenue record

Maryland’s six casinos had their second-best revenue month in December while its newest casino set a new personal best.

Figures released Friday by the Maryland Lottery and Gaming agency show the state’s six casinos generated revenue of $141m in the month of December, second only to the $141.2m generated in March 2017.

The $141m earned last month was up 5.7% from the $133.5m generated in the same month last year. MGM Resorts’ National Harbor casino opened its doors in the first week of December 2016, making this past December the first month in which direct year-on-year comparisons are possible.

To celebrate its first birthday, National Harbor topped the revenue charts (again) with just under $56.6m, topping the property’s previous record of $52.9m set last August. National Harbor’s slots revenue improved nearly 19% to $29m while the property’s table games shot up 57% to $27.6m. National Harbor topped the state’s revenue chart every month last year except February.

Macau terror threat remains low but can’t be ruled out

A top security consultant is repeating warnings that Macau casinos could face a terrorist attack, despite being criticized for issuing similar warnings in the past.

This week saw the release of Steve Vickers & Associates’ annual Asia Risk Assessment report, which offers insights into the major challenges facing Asian countries and the likely outcomes. Vickers is the former head of the Hong Kong police criminal intelligence bureau and thus no stranger to Macau’s casino market.

The 2018 report repeats Vickers’ view that Macau’s casinos “remain vulnerable to terrorist attack despite recent efforts to improve readiness.” In 2016, Vickers ruffled feathers when he cited Macau’s massive integrated resorts as prime locations for a “spectacular attack on a soft target.”

Vickers justified this claim due to the “nexus of Chinese, American and Jewish interests” in Macau’s gaming industry, embodied by Jewish-American casino magnates Sheldon Adelson (Las Vegas Sands) and Steve Wynn (Wynn Resorts).

Reports: Codere names new CEO as founding family exits

Spanish gaming giant Codere reportedly has a new CEO as the family that founded the company loses the struggle with its hedge fund rescuers.

The past few days have brought reports that Codere is preparing to name Vicente di Loreto as its new global CEO. Di Loreto (pictured), who served as Codere’s Latin American boss until 2011, when he branched out on his own to launch Latin American gaming consultancy G3M Partners, will reportedly confirm his Codere return on January 12.

That same date will reportedly also bring official word that José Antonio Martínez Sampedro and Luis Javier Martínez Sampedro will abdicate their respective roles as chairman and vice-chairman of Codere’s board of directors.

The Martínez Sampedro family founded Codere in 1980 but was forced to cede majority control of the company in 2014 after running up over one billion euros in debt, in part due to an aggressive Latin American expansion strategy.

UK Gambling Commission probing 17 online casino licensees

The new year is less than a week old, but UK online gambling operators are already under renewed regulatory assault.

On Friday, the UK Gambling Commission (UKGC) posted a notice indicating that it had “begun investigations into 17 online operators, and are considering whether five of these require a license review.”

The UKGC declined to identify either the 17 operators under investigation or the five who may face a license review. The regulator did say that the investigations followed the “serious nature of our findings” from the UKGC’s thematic review of the online sector’s “approach to anti-money laundering and social responsibility.”

The UKGC also published a letter it says it sent to all UK online casino licensees instructing them to review their own processes for “customer interaction and anti-money laundering.”