Mgm Envisions Spending Up To $10 Billion On Japanese Casino

Gaming magnate Adelson bets on himself to win Japan’s casino race

Las Vegas Sands Corp Chairman and Chief Executive Officer Sheldon Adelson attends a news conference in Tokyo in this February 24, 2014 file photo. REUTERS/Yuya Shino/Files

The opportunity is very good, but you have to be careful in throwing out billions and billions of dollars without really understanding what the goals are of the city, he said. Adelson said yesterday Las Vegas Sands will spend whatever it takes to build a Japan casino resort and is opening offices and hiring in the country. He would also consider working with a local partner, he said. Partnership Talks Caesars Entertainment Corp.
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But it really is incumbent on the card room to craft a proposal to address the initial concerns that were pointed out.” M8trix and Bay 101 are each limited to 49 tables, and voters in 2012 rejected a proposed expansion. M8trix wants to redistribute its tables between two floors — the first, where they are now, and the eighth. The second through fourth floors currently house gaming operations and offices, the fifth and sixth have banquet space and the seventh features karaoke. Kali-rai said the casino still reaches its capacity of 2,400 on weekends.
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Casino M8trix halting lawsuit against San Jose after top-floor gambling moves ahead

“I think this process will be so extraordinarily clear, transparent, deliberate and organized that no amount of early pioneering will carry the day,” James Murren, chief executive of MGM Resorts, told Reuters in an interview. Adelson apparently disagrees. In October, he told investors that anyone, including politicians, would agree that Las Vegas Sands was in the pole position, according to a transcript of an earnings call. A month later, he gave a spirited presentation to Hiroyuki Hosoda, a heavyweight in the ruling Liberal Democratic Party and head of an intra-party group promoting the casino bill. Adelson went through slide after slide, some with mock-ups of what his resort might look like on Tokyo Bay, according to a person who knows what happened at the meeting. At the end of the pitch, Hosoda offered Adelson some advice, the person said.
For the original version including any supplementary images or video, visit http://www.reuters.com/article/2014/02/25/us-japan-casinos-idUSBREA1O1T820140225

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Stanley Ho’s Sjm Makes Fresh Start With New Macau Casino

Macau tycoon Stanley Ho (L), accompanied by his daughter Pansy, shakes hands with Hong Kong tycoon Li Ka-shing (R) during the centenary ceremony of the University of Hong Kong August 18, 2011. REUTERS/Bobby Yip

Credit: Reuters/Bobby Yip MACAU (Reuters) – Macau gambling kingpin Stanley Ho helped put the former Portuguese colony on the map 40 years ago with the fluorescent, onion-shaped Casino Lisboa. Now, the pioneer of old Macau is creating a new landmark – a $3.9 billion resort that will be one of the final projects to open on China’s booming Las Vegas-style Cotai strip. The 92-year-old Ho, through privately held company Sociedade de Turismo e Diversoes de Macau (STDM), presided over much of Macau’s development as a casino city, shielded by a four-decade monopoly on gambling until 2001 when the door was opened for U.S. casino moguls Sheldon Adelson and Steve Wynn.
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Horseshoe Casino Cincinnati faces fine

Staff Cincinnati Business Courier A $75,000 fine was issued for Horseshoe Casino Cincinnati on Wednesday, WCPO reports. The casino was found to be in violation of Ohio law and its internal controls regarding the issuing of credit to patrons. The fine is part of a settlement between the casino and the Ohio Casino Control Commission after a routine audit discovered that Horseshoe wasnt maintaining complete patron credit files. In addition, training for casino personnel related to granting credit will be required. The Horseshoe casino group has previously been fined at the Cleveland and Toledo locations.
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