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New Mexico Tribes Fight to Ban Online Gambling
Blackmail is this kind of ugly term, but it is difficult to see a brand new Navajo Nations gambling compact with the state of New Mexico in every other light; the new agreement, now being negotiated, would effectively allow the tribe to withhold any slot machine revenue due the Land of Enchantment should state legislators put through laws that will allow for online poker, or any other type of Web casino gambling, for that matter.
New Navajo Compact
The Navajos are agreeing perhaps not to provide online gambling on their own without state or federal sanctioning of such activity that is off-reservation. As the reality of federal passage of almost any online gambling legislation becomes dimmer by the day, it seems unlikely the tribe would need to worry about renegotiating, but if this ever happens, they might then review and revise the terms of their slots revenue-sharing deal with New Mexico.
Under the prevailing regards to the compact, non-tribal slots are restricted to simply racetracks and fraternal/veterans teams; poker, nevertheless, has no such restrictions. If the Navajo tribe decide to start their very own online gambling endeavor, equivalent revenue-sharing arrangement using the state would apply, excepting poker profits.
Governor’s Office Speaks Up
Sticking up on her bread-and-butter, New Mexico governor Susana Martinez recently told the Albuquerque Journal that she’s convinced the Navajo’s land gaming ventures will ultimately ‘provide for more jobs and better provide the interests of brand New Mexico development that is economic than on line gambling will be likely to do. She added that the new proposal would ‘discourage the use of internet gaming in the state, while ensuring that, if internet gaming is adopted, revenue sharing continues in light of any new benefit/detriment to [the tribe].’ Translation: we are not planning to bite the hand that is currently feeding us.
The contract that is new been approved by a joint Committee on Compacts already, but as lawmakers were late in receiving the ultimate worded text associated with the compact, a vote has not yet been planned for final approval.
Caesars’ ‘No Resort Fees’ Campaign Screeches to a Halt with, Yup, Resort Fees
If someone said you’d to cover ‘resort fees,’ you might think about hot chicks serving you massive piña coladas and grapes, while simultaneously fanning you with a palm frond that is huge. And a complete great deal of you’ll probably be thrilled to buy those solutions, too. But think about being billed every time you utilize Wi-Fi, spot a regional call, or use a health and fitness center? True, many resort hotels around the world have been charging you fairly outrageous fees for all those things for a long time; particularly pricier city that is big where they know visitors can’t do without. But Vegas?
With some exceptions, gambling has been the great equalizer that eliminated the necessity for crazy pricey hotel rooms or niggling over every service used. Well, not anymore. In fact, after establishing a decisive ‘No Resort Fees’ campaign back in 2010, (just as a few other Strip properties were tacking them on), Caesars happens to be not only stepping on the brakes for that campaign, but backing the heck up and completely changing their tune. Their campaign that is new might something more like ‘Hell Ya, Resort charges All Day Long!’ Welcome to the beautiful world of corporate base lines.
Dollars Seem Sensible
While Gary Thompson, Caesars’ manager of business communications, may parlay that it is one thing guests asked for (really Gary? C’mon now), it is more something that is likely the marketing department asked for after looking at how much other corporate hotel chains make every time you hook into their Wi-Fi. Through the entire past decade, more hotels throughout the U.S. have already been quietly tacking them on under their non-specific pseudonym, and apparently few guests bother to question exactly what they are (maybe afraid it refers to the porn flick they plugged in the night before.)
Initially introduced in 1997 as an ‘amenity tariff,’ resort fees have gone up during 10 of this past 13 years, according to a report from brand New York University’s Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management, which tracks national styles (and hopefully does not come up with names for whatever else).
The resort industry garnered some $1.85 billion in resort charges overall in 2011, and it’s predicted that 2012’s final tally will be in the $1.95 billion range.
‘Based on the industry that is current in the market and assessment of the services our guests choose and use, a comprehensive package of bundled solutions and amenities proves to be the ideal and most meaningful value to our visitors,’ Thompson stated. Sounds so much a lot better than, ‘We prepare to upcharge you sneeze, but we’ll do it in a single huge lump amount.’
Romania On Track for Legalized Online Gambling
While the U.S. scrambles state-by-state to finally get legalized on the web gambling in place, you will all be much relieved to understand that over in Eastern Europe, the legal beagles aren’t asleep at the wheel either; Romania is hard at work developing a National Gambling Office (NGO), which will oversee the regulatory process for online gambling in that country.
Ah yes, Romania: land regarding the reputed Count Dracula’s castle, Europe’s population that is largest of brown bears, and soon, somewhere you can gamble online to your hearts content without having a qualm. It generally does not get much better than that. Now you can take your tablet down to the Black Sea and play casino games while your kids frolic in the waves.
European Commission Displeased
Is in reality been two years since initial play that is online was passed, but a monitoring and reporting agency had yet to be developed, which includes stalled the process up until now.
Beyond that, nonetheless, the European Commission (EC), the executive body of the European Union (EU) that oversees everything to complete with laws affecting the EU as a whole, has taken umbrage with some of the initial provisions of the legislation to date. The most pressing of these was a requirement that any EU-licensed online gaming operators have a legal presence in Romania, too as one stating that online gaming licenses would only be granted to those companies with either a direct or indirect shareholder or partnership connection in A romanian land-based casino. (As that’s pretty much the way that is same set these things up in the U.S., we’re maybe not sure just what all the ruckus is about with that provision, but hey, that is just us.)
Taking a Bite From This Market
Although these measures are not appearing all that draconian to us, evidently they do not stay too well with some other operators that are international perhaps they’re afraid of vampires late through the night in their gambling enterprises. Anyway, apparently, some associated with EU’s objections were addressed, such as appeasing them with revised taxation calculations. It’ll all start to unfold after April 15, as that’s once the NGO will start officially, and companies should be able to make an application for online gaming licenses in Romania.
Ideally, it won’t be a mess that is bloody.
Vietnam’s Ho Tram Strip Project Trying to Come Back In to Life
We promise we won’t make endless, juvenile jokes this time about a location with the unfortunate title of the Ho Tram Strip; suffice it to say, the Vietnamese version of the nevada Strip is really an oceanfront integrated resort-casino project, designed to finally offer five luxury properties, a PGA-caliber 18-hole tennis course, world-class entertainment, and miles of beachfront property overlooking the South China Sea. But it is off up to a rockier begin than an avalanche in a quarry, especially with the recent withdrawal of MGM Resorts International from the project to its management agreement.
New Certificate Issued
It’s the initial good news for this troubled project in awhile; the Vietnamese federal government has now formally reissued an investment certification towards the Vancouver-based company that’s the mastermind behind the former MGM Grand Ho Tram (which to our knowledge hasn’t yet been renamed). Asian Coast Development Ltd’s (ACDL) CEO Lloyd Nathan issued a statement saying the certificate that is new all of their business’s requested amendments, but it does not look most likely that which will entice MGM Resorts Int’l to get straight back into bed with this Ho Tram Strip project (okay, one what are the four ministries in the book 1984 little juvenile joke, we’re done now, really.)
Without MGM, the resort-casino venture loses panache and position to lure other investors. Meanwhile, Nathan told GamblingCompliance that ACDL is ‘exploring several alternatives, all of them positive.’ The company’s first order of business is to get its line of credit restored to its former $175 million limit with its banking backers in the interim. The banking institutions naturally got a tad nervous late year that is last ACDL’s initial investment certificate was withdrawn if the company came up short on several construction milestones, which was also what forced MGM to be completed with the project. The previously projected 2013 opening has now been put off to who knows when.
That Is Off Limits?
One of the plain things we find fascinating about some of these more recent casino projects in the far reaches associated with the world is their dictums about locals perhaps not being allowed in. What’s that about? Regardless of the reasoning, the Ho Tram project has indeed seen its share of regulatory problems, because the Vietnamese government irons out their views on junket operators and casino attendance that is local. The see-sawing is making one major investor a bit queasy; American regional gaming operator Pinnacle Entertainment has recently written off $25 million of its initial $110 million ACDL investment, even though they carry on to carry a 26 percent stake in the beleaguered company.
House of Bourbon Renaissance with Macau’s New Louis XIII Casino
Nothing states ‘upscale casino for the uber rich’ like a century that is 17th master whose whole family bore the charming name of ‘Bourbon,’ as well as for who an instead pricey and fantastically packaged cognac is now named, does it? Et voilà, there you have it: the unabashed logic behind naming a brand new super posh Macau casino project ‘Louis XIII.’
Perhaps not as famous as his progeny Louis XIV or the ill-fated last king in the Bourbon line, Louis XVI (Marie Antoinette’s hubby), but you can’t argue with having some really good booze as your namesake, when it comes right down to it.
Only for the Very Deep
This month, Louis XIII Holdings, Ltd. expects to complete this Asian gambling palace sometime around late 2015 or early 2016; you can’t rush a royal court, after all with plans to start construction on the luxe property.
And for all that time, there will still only be 230 spaces available, ranging from a ‘tiny’ 2,000 square feet to room that is enough all your lords and women and their lords and women, at, gasp, 20,000 square feet. (simply for contrast’s sakes, that is only 2,000 feet that are square HEF’s entire Playboy Mansion in L.A.). According to Louis XIII chairman Stephen Hung, the new resort title ‘captures the essence regarding the unprecedented, uber-luxury experience we’re offering rich guests.’
Did We Say Very Rich? We Meant Filthy Rich
Lest any bougie types think they can hustle their way in, think once more; the new home’s retail area is perhaps not aimed at any carpetbaggers or their ilk. (Please forgive us the mixed historical metaphors). For instance, just to separate the golden wheat from the chaff, a Louis XIII pr release makes it abundantly clear that you shop there, you might as well just leave your tacky, low-budget self at home, harumph if you can’t afford a ‘minimum price of $1 million’ when.
As for minimum gambling levels, they’re actually maybe not that crazy ‘spensive. As Hung awaits the okay that is final of regulators on his proposed 66 tables, 16 of which will be ‘VIP,’ with the remaining 50 being simply ‘premium mass,’ (whatever that means), it looks like minimum table wagers will be starting at about $644.