Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam

Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam

Building new casinos in Vietnam includes a myriad of government roadblocks

For whatever reason, in Asian and Russian countries, they like to zone their casinos off. Every thing needs to be in a designated ‘economic zone,’ perhaps showing that many things in these national nations are not meant to make big money, at the very least not if they’re legal.

New Gambling Enterprises on the Runway

Vietnam fits this mold, and legal casinos are still a fairly brand new concept here, not forgetting almost exclusively aimed at a foreign market, as locals are mostly barred from casino gambling. Now a high-profile Vietnamese businessman Dao Hong Tuyen, listed as a CEO to watch by the Japan Times wants to build a brand new casino project via his Tuan Chau Groupand its US partners into the Van Don Administrative Economic Zone in Quang Ninh province in the northeast region of Vietnam. He also would like to get a gambling house going in Ha Long City on nearby Tuan Chau island, adjacent to a new marina that will be opening here.

If he can get ‘er done, Tuyen would be one of only a handful of designers to crack the bureaucracy grid that has very long held Vietnam lagging behind its Asian brethren in this arena. A huge sticking point for most casino investors happens to be the somewhat odd dictum by the Vietnamese government that a the least US$4 billion be dedicated to any projected resort-casino plan; a number that is Read More

Global Gaming Expo Big Business in Las Vegas

Global Gaming Expo Big Business in Las Vegas

Avatar, the casino game, was unveiled at the latest international Gaming Expo (G2E) in Las Vegas this week

Anyone who’s anyone in the gambling industry could be present in vegas this week; that is where the Global Gaming Expo was taking place, a meeting of 25,000 attendees who are all interested in seeing in which the worldwide gambling market will be headed over the year that is next.

Easing Up on Regulations Major Focus

At the conference known as G2E there are a true range major issues discussed. United states Gaming Association leader Geoff Freeman noted that their biggest priority will be to push state regulators to unify and lighten up the laws on the casino industry into the United States, in order making it easier for companies to innovate throughout the country.

‘Our industry is not permitted to update because of the environment that is regulatory’ Freeman said. ‘That’s one thing we must address. We should be controlled. However, there are places us less competitive that it crosses the line and really affects innovation and makes. Each state that is new happens is like they have to turn the screws only a little bit tighter than the one before.’

But before any of the numerous important issues facing the industry could get attention, the meeting was kicked off with an opening that is spectacular and all of the glitz and glamour that the world of gambling has to offer.

Entertainment a Priority

A comedy group perfo Read More

Silk Road Founder Arrested While Bitcoins Plummet

Silk Road Founder Arrested While Bitcoins Plummet

Bitcoins have been in the news, between the closed down of Silk Road,a plummet in exchange rates, and a new live-streaming site.

It’s been a significant week for Bitcoins within the news; a triple whammy, actually.

First, there was the arrest by the FBI of Silk Road’s founder known online only by his handle ‘Dread Pirate Roberts’, but apparently understood to the feds only a little more intimately as Ross William Ulbricht- plus the seizure and power down of the Silk Road site itself. Silk Road was an exclusively Bitcoin site that is gambling well-known to many being an available market for illegal drugs and much more; the web site’s just below a million registered users were frequently cash launderers, based on the arrest warrant.

‘Based on my training and experience, Silk Road has emerged as probably the most advanced and extensive marketplace that is criminal the online world today,’ FBI Special Agent Christopher Tarbell noted in the grievance. Tarbell added that into the past 2 1/2 years, Silk Road generated some $1.3 billion worth of comparable Bitcoin trades and netted $85 million in commissions for itself, frequently for things as macabre as employing hitmen, seeking out computer hackers or purchasing weapons that are illegal.

Major Rate Volatility Ensues

Meanwhile merely a few times after the shut down of the site by the feds and the arrest of Ulbricht Bitcoins by themselves went through some Cat-5 volatility, Read More

$40 Million Guy Archie Karas Charged with Casino Cheating

$40 Million Guy Archie Karas Charged with Casino Cheating

Archie Karas was searching good straight back in the mid 1990s whenever he won $40 million. Now he’s been charged as a card cheat in a California casino.

One of the world’s most gamblers that are famous been charged with cheating and defrauding a casino; Archie Karas, now 62, who was thought to have built up $40 million in winnings over three years in the mid 1990s from an original $50 stake years ago only to lose it all back, had been presumably caught marking cards at a blackjack table in a California casino recently.

Arrested at His House

Based on authorities, Karas was taken into custody last week at his vegas home. Karas will be extradited to San Diego to face charges of burglary, winning and cheating by fraudulent means. Karas could potentially face up to 3 years in jail if he is convicted of all charges.

‘This defendant’s fortune ran out thanks to extraordinary cooperation between various law enforcement agencies who worked together to investigate and prosecute this case,’ said Bonnie Dumanis, hillcrest County District Attorney.

The case was opened in July, after Karas whose name that is real Anargyros Karabourniotis was seen on protection cameras marking cards in a blackjack game using tiny amounts of dye. Karas was marking all of the cards worth ten (tens, jacks, queens and kings), aswell as aces, so that you can gain a benefit over the Barona Resort and Casino in Lakeside, California, which is locate Read More

Leicester City bets that are 5,000-1 Longest Outsider Odds in Soccer History

Leicester City bets that are 5,000-1 Longest Outsider Odds in Soccer History

Leicester City’s surprise dominance for the English Premier League in the UK this season could cause certainly one of longest shots that are betting sporting history coming good. ‘ The Foxes’ are living the fantasy at the top of the league, five points clear with eight games kept, as the globe looks on in disbelief.

Leicester City fans in the UK celebrate their team’s Premier League title hopes, which will be the biggest outside bet in the history of soccer.

And now the handful of bettors who backed them at the start regarding the season at 5,000-1 could quickly make wagering history. Because the BBC revealed recently, they are precisely the odds that are same could access it Elvis arriving alive this year, possibly wearing a frock. That’s a dress to those of us over the pond.

Let’s add perspective that is further those of that you don’t follow the EPL. A year ago, Leicester, newly promoted to the EPL after 10 years into the lower tier, were struggling against soccer’s multi-million-dollar superstars. Battling relegation, they seemed destined for the drop.

A late run of victories ensured survival, but many expected them to get down in 2010. Except instead they shot out of the blocks at the start of season and never once seemed straight back.

The mixed expense of Leicester’s usual beginning 11 is just about $30 million, which is lower than 50 % of the sum Manchester City paid for one player wit Read More