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Britain’s ‚Rich List‘ Crowns Gambling Industry’s Wealthiest Royalty

Britain’s ‚Rich List‘ Crowns Gambling Industry’s Wealthiest Royalty

The edition that is latest of great britain’s ‚Rich List,‘ published yearly by the Sunday days, shows the blended wealth of Britain’s gambling industry high rollers has exploded by almost 20 percent within the previous year.

Publicity multibillionaire that is shy David and Simon Reuben, the third-richest individuals in Britain and 60th in the world, according towards the UK’s Sunday instances ‚Rich List‘ for 2017. They Arena that is own Racing, which operates 15 of Britain’s racecourses.

The yearly index of the Her Majesty’s most moneyed subjects demonstrates that the five gambling industry billionaires and 15 multimillionaires who made this year’s list have seen their collective wealth grow by almost £3 billion ($3.88 billion) to £19 billion ($25 billion). In fact, all but two saw a rise in wealth, unlike Her Royal Highness Queen Elizabeth, who slipped out of the very best 300 for the time that is first ( not that she’s in any danger of eating nothing but porridge).

Topping the UK’s gaming tycoon set are brothers David and Simon Reuben, who saw their net worth rise by $900 million ($1.6 billion) to $14 billion ($18 billion) last year, making them the pair that is third-richest within their county. The notoriously private brothers Arena that is own Racing, which operates 15 of Britain’s race tracks.

Most of the brothers‘ fortune was acquired not from their thoroughbreds, however. The propert Britain’s ‚Rich List‘ Crowns Gambling Industry’s Wealthiest Royalty weiterlesen

Macau Tourism Study Pinpoints Nine Key features that are non-Gaming Attract Visitors

Macau Tourism Study Pinpoints Nine Key features that are non-Gaming Attract Visitors

Macau tourism numbers are up through 1st quarter of 2017, and that is continued good news carrying out a slight bounce in visitor arrivals throughout the previous year.

Macau tourism is once again bustling, but the populous city is now less reliant on gambling, as attractions like Wynn Palace’s SkyCab pull in new travelers.

China’s gambling friendly zone is experiencing a comeback of sorts after President Xi Jinping initiated a corruption crusade in 2014 that targeted VIP touring companies which had been catering towards the mainland’s wealthy. The government alleged that high rollers were utilizing Macau and junket operators to go money right out of the nation’s heavily taxed control.

With tens of billions of dollars invested, casino companies had to quickly rethink their marketing strategies. Today, resorts are providing attractions that interest a wider demographic than merely Asia’s elite. And so far, it’s working.

The Macao Government Tourist workplace expects visitor arrivals to grow five percent in 2017, a substantial increase contrasted to the 0.8 percent ‚upswing‘ the city experienced in 2016.

Keys to Attraction

A new study from a Macau University gaming researcher has identified nine crucial non-gaming facets which can be enticing people to visit the enclave, and maybe more to the point, maintaining them coming back.

In a paper titled ‚Play, Shop, Eat, Drink, Reward, Play: Repeat Macau Tourism Study Pinpoints Nine Key features that are non-Gaming Attract Visitors weiterlesen

Britain’s ‚Rich List‘ Crowns Gambling Business’s Wealthiest Royalty

Britain’s ‚Rich List‘ Crowns Gambling Business’s Wealthiest Royalty

The latest edition of great britain’s ‚Rich List,‘ published annually by the Sunday Times, shows the blended wealth of Britain’s gambling industry high rollers is continuing to grow by very nearly 20 percent throughout the previous 12 months.

Publicity multibillionaire that is shy David and Simon Reuben, the third-richest people in Britain and 60th in the entire world, according towards the British’s Sunday instances ‚Rich List‘ for 2017. They own Arena Racing business, which operates 15 of Britain’s racecourses.

The index that is yearly of Her Majesty’s many moneyed subjects implies that the five gambling industry billionaires and 15 multimillionaires who made this year’s list have seen their collective wealth grow by almost £3 billion ($3.88 billion) to £19 billion ($25 billion). In reality, all but two saw a rise in wealth, unlike Her Royal Highness Queen Elizabeth, who slipped out of the most effective 300 for the time that is first ( not that she’s in any threat of eating nothing but porridge).

Topping the UK’s gaming tycoon set are brothers David and Simon Reuben, who saw their net worth rise by $900 million ($1.6 billion) to $14 billion ($18 billion) final year, making them the third-richest pair in their county. The notoriously personal brothers own Arena Racing Company, which runs 15 of Britain’s battle tracks.

Most of the brothers‘ fortune was acquired maybe not from their thoroughb Britain’s ‚Rich List‘ Crowns Gambling Business’s Wealthiest Royalty weiterlesen

Maryland Casinos Don’t Help Education as Promised, State Comptroller Says

Maryland Casinos Don’t Help Education as Promised, State Comptroller Says

Maryland casinos were authorized by voters in 2008 on the grounds that the tax that is generated from legalizing commercial gambling would be primarily utilized to fund education programs. But that promise, according to state Comptroller Peter Franchot (D), isn’t being kept.

Fifty-eight percent of voters supported the ballot referendum in 2008 to amend hawaii’s constitution and legalize slot machines at five independently owned video gaming venues. a referendum that is further in 2012 to include a sixth facility, and invite table games at the gambling enterprises.

State Comptroller Peter Franchot says tax revenue stemming from Maryland casinos isn’t being earmarked while the voter-approved 2008 constitutional referendum dictated.

The ’08 amendment posed to residents explained a vote of support ‚authorizes the State to issue up to five movie lottery licenses for the primary intent behind raising revenue for education of children in public schools, prekindergarten through grade 12, public school construction and improvements, and construction of money projects at community colleges and higher training institutions.‘

But approaching nine years since Marylanders backed gambling, Franchot claims the scheme ‚was basically a lie.‘

‚It was a crass, cynical work to dupe people,‘ Franchot told Baltimore’s FOX affiliate this week. As comptroller, Franchot is Maryland’s chief economic officer and responsible for col Maryland Casinos Don’t Help Education as Promised, State Comptroller Says weiterlesen

Soccer Generates Record £1.4 billion Revenues for UK Bookies

Soccer Generates Record £1.4 billion Revenues for UK Bookies

Soccer yielded a record £1.4 billion ($1.8 billion) in revenues for UK bookmakers into the full year from October 2015 to September 2016, according to figures released this week by great britain Gambling Commission.

Premier League soccer player Joey Barton was recently sanctioned by the FA for gambling violations but he says the UK’s soccer governing body requirements to ‚look at a unique dependence‘ on revenue from gambling companies.

That resulted in all-time-high profits of £333.4 million ($432 million). The data comes since the sport and its regulating body within the UK, the FA, is accused of getting too cozy a economic relationship with betting companies, who provide it with multiple millions in sponsorship deals.

Meanwhile, there have recently been several profile that is high of soccer players succumbing to gambling addiction and the BBC has reported that gambling among players is widespread.

Most recently, Burnley midfielder Joey Barton admitted to bets that are placing 1,260 matches between 2006 and 2013, including at least five in which he was a player.

He was banned and fined from the game for 18 months, and later fired by Burnley. Pro soccer players are prohibited from placing bets on the own sport, irrespective of whether they’re directly tangled up in the games or not.

Elephant in the Locker Room

Barton, an outspoken social media user, has admitted he is a gambling addict and criti Soccer Generates Record £1.4 billion Revenues for UK Bookies weiterlesen