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MGM Resorts International ready to invest $9bn in Osaka

George Miller

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MGM ready to invest $9bn in Osaka
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The CEO of the company said that MGM will invest US$9 billion if it wins a license to build an IR.

 

James Murren, chairman and CEO of MGM Resorts International, confirmed that the company will invest US$9 billion if it wins its bid to build an integrated resort (IR) in Yumeshima, Osaka. The official said earlier this week that Japan and Macau are the markets that interest the company the most among Asian countries.

Osaka has the potential to become the center of MICE in Asia. We want to create something that reflects Japan’s cutting-edge technology and food culture,” said Murren after visiting Osaka Governor Ichiro Matsui and Osaka Mayor Hirofumi Yoshimura. The Governor said that he wanted an IR Implementation Bill signed and enacted into law by mid-2018.

Osaka plans to open an IR in Yumeshima before the 2025 World Expo and in order to make that happen they need a legislation as soon as possible. “Japan and Macau are the only major interests we have,” said Murren, as it is focused on getting a casino license in Japan and expanding operations in Macau.

The CEO confirmed that he visited the former 15 times in the last three years to meet potential business partners. “We don’t need to be in every market that allows for resorts. I think regulatory, economic, cultural and social opportunities in Japan are vastly greater than what we would find interesting in the Philippines,” said Murren earlier this week.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Aruze Gaming Installs Super Big Wheel at City of Dreams

Niji Narayan

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Aruze Gaming Installs Super Big Wheel at City of Dreams
Photo Source: twitter.com
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Aruze Gaming has installed its Super Big Wheel at City of Dreams. The installation forms part of a new ETG zone at City of Dreams and is one of two new Aruze products to be deployed on the main gaming floor, alongside Lucky Roulette.

Super Big Wheel is an X station platform with dual LCD screens. Players can select any of the six coloured areas on the area bet screen to bet on the side game, which also offers a chance at winning a jackpot.

Lucky Roulette is an immersive new roulette game that features an automated roulette wheel with evocative dynamic projection imaging. The three-dimensional visual experience combines the appeal of a traditional roulette.

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Asia

Mohegan Opens Office in Tomakomai, Japan

Niji Narayan

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Mohegan Opens Office in Tomakomai, Japan
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Mohegan Gaming and Entertainment has opened an office in Tomakomai, Japan. Mohegan plans to use the office both as a home base for its Japanese team and a showroom for Hokkaido residents to learn about IRs.

“At the Tomakomai Office, we plan to install not only the Mohegan company profile but also a book that summarizes Mohegan’s corporate philosophy and CSR and an IR vision book,” Mohegan said.

Mohegan recently revealed the first details of its Hokkaido IR concept, to be named INSPIRE Entertainment Resort Hokkaido and cost between US$3.5 billion and US$4.5 billion to build.

The INSPIRE name follows the theme adopted on Mohegan’s other international developments: INSPIRE Korea, set to be built in Incheon and INSPIRE Athens, a proposed IR concept in Greece.

The Hokkaido IR would include a unique museum celebrating the cultures of both the Mohegan Tribe in Connecticut and the indigenous Ainu people of Japan. To be located in a forested area of Tomakomai, it would also offer various outdoor activities for guests such as horse riding and cross-country skiing.

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Malaysian Budget Increases Gambling Penalties

Niji Narayan

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Malaysian Budget Increases Gambling Penalties
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Malaysia’s Finance Minister Lim Guan Eng has announced that the punishments for both gamblers and gambling operators will be increased as part of the country’s 2020 budget. The budget has also set out that the number of four-digit lottery draws per year run by the Number Forecast Operators (NFO) will be reduced from 11 to 8.

It has been found that the maximum penalty for those who gamble illegally will be increased 20-fold from RM5000 to RM100,000. In addition to this, where previously there was no minimum sentence for gambling under the Common Gaming Houses Act of 1953, it will be now carrying out a jail term of no less than six months.

The minimum penalty of RM1m replaces the former minimum penalty of RM5000 for illegal gambling operators. Operating illegal gambling previously carried a maximum penalty of RM50,000, however, no maximum penalty is mentioned in the new budget.

The budget did not detail any changes to the upper limit on prison sentences for online gamblers, however, which is also set at six months for players, or for illegal operators, for whom the maximum sentence is three years.

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