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Flood in Japan could torpedo the passing of IR bill

Niji Ng

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Flood in Japan could torpedo the passing of IR bill
Photo Credits: Max Becherer/AP Photo
Reading Time: 2 minutes

Japan’s parliament has been gearing up to pass the Integrated Resorts (IR) Bill that could legalise casinos in the country by the July 22 deadline.

However, torrential rain over the past few days is fast becoming one of the worst flood catastrophes in Japan in the last three decades.  It is threatening to play spoilsport for the passage of the IR Bill also.

More 7000 personnel have been deployed for the rescue work.  A minimum of 155 folks have died and dozens extra had been lacking on Tuesday after torrential rain-induced landslides and floods all through western Japan.

It’s the very best dying toll brought on by rainfall within the nation for over three many years and round two million folks have been evacuated from the area.

With lower than two weeks to go, it’s probably that lawmakers will probably be targeted on the humanitarian operation quite than the Built-in Resorts Implementation Invoice (IRIB), which has little assist from the populace.

 

Abe Shinzo Cancels Journey

The BBC experiences that over 70,000 staff are concerned within the rescue operation. Many are digging via the mud within the hope of discovering survivors, whereas the chance of additional landslides stays from collapsing hilltops.

On Monday Prime Minister Shinzo Abe, who has mentioned passing the online casino invoice this 12 months is a “high precedence,” returned early from a diplomatic journey to Europe and the Center East to supervise restoration effort.

OUR VIEW IS PURE CATASTROPHE EQUIVALENT TO THIS PROBABLY INTRODUCES A LEVEL OF THREAT TO THE INVOICE’S PASSAGE THAT HADN’T BEFOREHAND BEEN CONTEMPLATED,” – mentioned union gaming analyst Grant Govertsen in an e mail to Ggrasia this week.

However, he added that the passage of an issue playing invoice final Friday instructed that the legislature “nonetheless has the urge for food to maneuver ahead with the IRIB throughout the beforehand anticipated timeline.”

Playing Dependancy Invoice Passes

The Fundamental Invoice on Playing Dependancy Countermeasures is taken into account to have been the final important step earlier than deliberations may start in earnest on IRIB. It handed Friday by a margin of 183-46 within the government-controlled Higher Home.

Casinos have the assist of the ruling coalition; however, the invoice is deeply controversial. Final month, a combat broke out on the usually decorous flooring of the decrease home as opposition politicians tried to stall the invoice’s passage.

Abe’s authorities has been weakened by latest corruption scandals and elections subsequent 12 months are prone to diminish its grip on the higher home, which might make IRIB a heavier raise in 2019.

Ought to the invoice obtain approval earlier than July 22, nevertheless, the primary licenses are anticipated to be issued in 2020, with the primary resorts up and working in 2025.

Source: casino.org

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Dragon’s Macau floating casino partnership with Brova fails

Niji Ng

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Dragon’s Macau floating casino partnership with Brova fails
Photo Credits: Dragon Corp/XBD
Reading Time: 1 minute

Dragon Incorporation Limited, a fintech company focusing on block chain technology,  had announced plans to construct a floating casino in Macau, in association with a Norwegian company Brova Idea AS. The project was expected to expand the innovative industry of the city. However, the project failed. Dragon is no accusing the Brova Idea AS for not arranging sufficient funds.

Dragon blames Brova for the latter’s failure to keep its end of the deal as it did not secure the necessary funding for the project. The company said that the negotiations with Milo Andric, head of the Norwegian company, started to fail at the end of last year after he demanded an upfront payment while failing to show evidence that he had found financing for the floating casino.

“He demanded cash upfront. We pushed for Escrow or Bank Guarantee and the escrow or Bank Guarantee would have been released once the financing 80 per cent was secured according to his promise,” Dragon’s CEO, Chakrit Ahmad told the news agency.

Nevertheless, Ahmad said that Dragon is still interested in pursuing a casino with a separate company, but the original idea could change and could end up presenting the idea for a land-based casino.

 

Source: focusgn.com

 

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Foreign operators may not be allowed majority stakes in Japanese casinos

Niji Ng

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Foreign operators may not be allowed majority stakes in Japanese casinos
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The House of Councilors in Japan has not yet finalised the decision and voting on the proposed Integrated Resorts (IR) bill that would allow casinos in the country. Some industry watchers are of the opinion that even though bill would allow casinos in the country, foreign players may not be allowed to have majority stakes in the casinos.

David Bonnet, the managing partner of Delta State Holdings one of them. He says that, international companies will not hold the majority of Japan’s first IRs.

He said during a press conference:  “We know the Japanese government has a preference for public-private partnerships or working with established Japanese companies.”

According to Mr Bonnet, Japanese companies have only been keeping a low profile since casinos are not legalised yet. However, once it happens, he says “you will see departments becoming formed, part of their real estate departments, and you can say that a lot of companies will start looking at the IR business much more holistically.”

Furthermore, he expects the winner of the IR licence to be “the group that promises to build the biggest Integrated Resort with the smallest casino,” and added that he is optimistic about the industry’s performance after casinos are opened in 2020.

 

Source: focusgn.com

 

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Sands Resorts Macao Launches Micro-Movie with Venetian Macao Brand Ambassador David Beckham

George Miller

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Sands Resorts Macao Launches Micro-Movie with Venetian Macao Brand Ambassador David Beckham
Reading Time: 3 minutes

Movie shows sports icon on a quest to find the perfect Portuguese egg tart in Macao

 

MACAO, July 19, 2018 — Sands Resorts Macao has launched an online micro-movie featuring international businessman, sportsman and The Venetian® Macao brand ambassador David Beckham, along with several Chinese celebrities, who take him on a quest to find the perfect Portuguese egg tart in Macao. Released today, the micro-movie is a light-hearted take showcasing The Venetian Macao, The Parisian Macao and Macao as destinations renowned for Macao’s legendary egg tarts and a must-do on every visitor’s agenda when they visit.

Joining David are leading Chinese celebrities and actors Qiao Shan (taxi driver), Yang Di (waiter), Liu Yan (taxi driver’s sister), Lam Suet (chef), Cao Tu Jun (restaurant staff) and Helena Law Lan (bakery owner/grandmother).

The micro-movie shows David reminiscing about a previous visit to Macao when he encountered an elderly lady, Sally, famous for her egg tarts. Keen to revisit her renowned bakery, David escapes the waiting paparazzi outside The Venetian Macao in a taxi, only for the driver to unwittingly take him to a random cha chaan teng, or traditional Chinese cafe in old Macao. Inadvertently his comments offend the store staff which sets off a chase around the laneways before they make their escape.

Once David remembers he has the original egg tart wrapper from his first meeting, the taxi driver realises it was his own grandmother’s shop and they are reunited. But the grandmother explains she has a new shop, Sally’s Bakery, and takes David there, only for him to discover it is actually back at Sands Resorts Macao’s The Parisian Hotel.

The micro-movie was produced by leading award-winning production house Traktor and supported by Ng Fan, Chief Creative Officer, Saatchi and Saatchi Shanghai, and was shot on location throughout many of Macao’s distinctive landmarks and laneways.

As brand ambassador for The Venetian Macao, David visits Macao on a regular basis and is known for his commitment in supporting the local community on behalf of Sands China Ltd.

“Working with The Venetian Macao on this film was a really great opportunity for me to see both the old and the new sights in Macao and of course, to taste my favourite dessert — the legendary custard tart!” said David Beckham.

To view the micro-movie in full, please visit https://www.venetianmacao.com/campaigns/db-video-campaign.html

 

About Sands Resorts Macao — Sands China’s Integrated Resort City

Sands China Ltd. is the leading developer, owner and operator of integrated resorts in Macao. The fittingly named Sands Resorts Macao, situated on reclaimed land between the islands of Coloane and Taipa, is the one destination that provides a stunning array of experiences at the heart of Cotai. Sands Resorts Macao has transformed a day-trip market into an integrated resort city and international hub for business and leisure travellers.

Pulsating with life, both night and day, Sands Resorts Macao features an expansive offering of affordable luxury available nowhere else in Macao. With the opening of The Parisian Macao, it now boasts approximately 13,000 hotel rooms and suites, international superstar live entertainment, duty free shopping with more than 850 retailers offering a huge array of name brands, meeting and exhibition space for Asia’s leading conferences and exhibitions, transportation offerings and well over 150 dining options, including Michelin-starred restaurants, bars and lounges. Sands Resorts Macao is a must-go destination providing every guest with an unforgettable experience and unparalleled excitement.

Comprised of The Venetian® Macao; The Plaza™ Macao, featuring the Four Seasons Hotel Macao; and Sands® Cotai Central, including the world’s largest Conrad, Sheraton, and St. Regis hotels as well as the Holiday Inn, Sands Resorts Macao is where Asia’s ultimate destination is within reach. And now the crowning achievement of Sheldon G. Adelson’s vision of the Cotai Strip — The Parisian Macao. For more information, please visit ParisianMacao.com.

 

Source: Sands Resorts Macao

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