Global Casino BOOM

Here is an article about non-gaming hotels being built in Atlantic City.  The article talks in some detail about the Chelsea Hotel which Ive mentioned before.  Read more »

Check out my ManilaBayCasinos.com blog for the details.

Its been a few months since Vietnam’s Ho Tram Strip news really broke and grabbed everyone’s attention. The gaming world has changed quite a bit since then, as you can all see by the plunge in stock prices of all the big Macau and Las Vegas casino companies.

When I came across this article I was hoping it wouldnt be a generic account of what the Ho Tram Strip’s plans are, and thankfully it wasnt. I was glad to see that it was an interview and that the reporter started the piece with the most pressing question on my mind:

When asked how he managed to get an investment certificate to build the US$4.2-billion Asian Coast Development Ltd. casino and beach resort complex in Communist Vietnam — one of the fastest-growing tourist destinations in Asia — Michael Aymong smiles and says: “Simple. You just have to want to try.”

I would’ve like to have heard an answer that was a bit more definitive, but in today’s credit markets, that is probably the most honest and realistic answer.

One other quote that was mentioned in the article is the developer’s vision for the Ho Tram Strip: Read more »

Full Press Release 

Today’s Wall Street Journal has an aricle about plans for a really big, exciting renovation at the old Sahara casino.  I wrote about it at my Vegas blog, Daily Dose of Vegas, so click on it to check out the details and see what Ive got to say.

Just wanted to bring to your attention the groundbreaking casino floor layout at the upcoming Cosmopolitan Hotel Casino in Las Vegas.  I wrote about it on my new blog DailyDoseofVegas.com if you’re interested.

Infrastructural works for Universal Studios Singapore will start in earnest today with the award of a S$705 million contract by Resorts World at Sentosa to a subsidiary of one of China’s biggest construction conglomerates, the China Metallurgical Corporation (MCC) Group.

hina Jingye Engineering Corporation Limited (Singapore Branch) will take on the general building works of Universal Studios Singapore, which include structural buildings, facades, walkways and an amphitheatre.
Universal Studios Singapore’s 24 attractions, designed and prefabricated by renowned theme- park ride manufacturers worldwide, will also be installed under the coordination of China Jingye.  Read more »

It doesnt matter where you are, if you want to build a casino I can guarantee you one thing - opposition, and lots of it.  Penghu Island is no different as we see in this article.  Oh yeah, and the opposition will be very skeptical too:  Read more »

I came across this timeline and detailed report of all the hotel and casino construction taking place in Las Vegas.  Its definitely worth checking out.

If you could gamble anywhere in the world, where would it be?  Of course, Ireland.  Who doesnt want the luck of the Irish on their side.

So thank you to a government appointed committee that appears to have given the thumbs up to real casino expansion in Ireland.  The committee’s report recommends that casinos, which currently operate as clubs, be licensed and states that the Government should establish an interim authority to develop a full-scale Read more »

All across the United States new casino projects are being modified, put on hold, or dropped due to a terrible credit market environment.  Most large new casinos are financed heavily with debt, and when that debt is no longer available, or available only at prohibitive rates, things can come to a halt - which is what we’re seeing Read more »

Here is a great article about the new Borgata Water Club from CasinoConnection.com.

There are some awesome pictures of several of the new Las Vegas casinos projects over at RateVegas.com.  Keep an eye out for the Echelon, Wynn’s Encore, City Center, Cosmopolitan, and Fontainebleau pictures.

GlobalCasinoBoom.com | If you follow this business long enough, you realize one thing - it is a business for dreamers. Some dreams come true, but most dont.

In an attempt to control gambling, the Russian government plans to close down casinos throughout the country. However, they will allow gambling in four zones of the country, with the hope of transitioning its casino industry into more of a resort gaming Read more »

If youve been reading this blog for a while, you’ve probably figured out that Atlantic City is not one of my favorite places. However, I really did love the Borgata that MGM Mirage and Boyd Gaming built a few years ago, and now it looks like they’ve hit another home run with their Water Club, which is a sister hotel to the Borgata.

Usually I like to attach a bunch of pictures and videos of new openings, but the Press of Atlantic City beat me to it, so here it is.  But, I cant resist providing at least one video:

  Read more »