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25Aug/100

Macau to establish as a retail destination

To give luxury shoppers distinctive products that are not easily obtained somewhere else is the goal in an established Singapore retail market. The challenge in Macau is just to establish it as a retail destination, on the other hand.

Asia retailing operations, there will be around 50 more shops opening in September at the Marina Bay Sands casino resort in Singapore, according to David Sylvester, Senior Vice President of Las Vegas Sands Corporations’ (LVS). Marina Bay Sands will be home to over 150 stores, with the addition of the new stores, including Dior and Hermes outlets. Engendering estimated annual sales of over S$1 billion dollars, Marina Bay Sands will house about 300 restaurants and stores when totally operational. Of the mall capacity, they currently have contracts to occupy about 95%.

LVS was granted a tender from the Singapore government to construct an integrated resort, back in 2006. The initial segment of Marina Bay Sands opened, on April 27. The resort will include a mall, convention center, 2,560 hotel rooms, a theater, a casino for casino games, and the SkyPark, when completed.

The U.S. $4 billion dollar casino still has a target opening date for the third quarter of 2011, despite difficulty obtaining consistent construction labor. The Sands China Ltd.'s (1928.HK) delayed expansion project in Macau's Cotai area will be advertised to retailers, in just a few weeks. Of the Cotai expansion, sites 5 and 6 will be mid-range.

During the financial crisis, even though many retail shops suffered, most of the retail contracts at the Venetian million-square -foot mall have been renewed and sales are steadily improving.

18Aug/10Off

Mattern Third in Bid for Second EPT Title: EPT Tallinn

French Team PokerStars Pro Arnaud Mattern’s bid to become the first player with two EPT titles was derailed by a massive suck out in Tallinn Monday night.

Mattern had a previous shot at becoming the first two-time EPT title holder at a final table in Warsaw back in 2008 and won EPT Prague in 2007, ended EPT Tallinn in third after he got it in with queens against Kevin Stani's threes only to see a three come on the turn.

To book the €400,000 win in the EPT's kickoff to its seventh season, a Norwegian PokerStars qualifier, Stani went on to beat Moscow student Konstantin Bilyauer.

Making the biggest poker tournament ever held in Estonia, a total of 420 players dropped the €4,250 buy-in to play PokerStars EPT Tallinn.
A 27-year-old business management graduate, Stani won his seat in a $530 online satellite on PokerStars just days before the event began.

He said, “I was playing cash games online and just randomly saw the satellite advertised in the PokerStars lobby. I wanted to come here anyway so I thought I'd play it. It feels awesome to win. I've been through some tough times which have made it hard to focus... made it hard to play... but I stayed with poker and told myself things are going to get better. I'm glad I did."

In this year's WSOP Main Event for $57,000 was his previous best live result.

No player has two EPT Main Event wins, while players like Jason Mercier and Bertrand "ElkY" Grospellier have won EPT Main Event and High Roller titles.

Mattern had to settle for the €160,000 third-place prize in Tallinn. He has over $1.7 million in career tournament earnings.

In the tournament taking 26th place for € 8,000, Fellow Team PokerStars Pro Luca Pagano also achieved record-breaking 15th cash.
Next up for the EPT is a stop in Vilamoura, Portugal Aug. 28- Sept. 2.

17Aug/10Off

$1.7 M Slot Jackpot for Toronto Man: Slot Machines

One man was very happy when Casino Rama handed him a $1.7 Million dollar check. After playing a 14 Mega Bucks Progressive slot machine for only a short period of time, the forty some year old man who asked not to be identified won the million plus jackpot. Since he had had come close to winning at two other gaming sites in Ontario on two previous occasions, he remarked that he always felt he was meant to be a winner. A mere $20 bill was the play cost for him.

President and CEO of the casino, Harry Oshanski, expressed his thrill to have another large slot jackpot winner. According to Oshanski, since the Mega Bucks jackpot had been introduced, this was the fifth time it had been won. The amounts of $9M, $1.2M, $2.1M, and $1.8M were the other wins.

In 2001, Mega Bucks was introduced in Ontario. It can be played at ten other different casinos including OLG Casino Thunder Bay, besides at Casino Rama, Niagara Fallsview, OLG Slots Georgian, Casino Windsor, OLG Slots Woodbine, Casino Niagara, Casino Sault Ste. Marie, OLG Casino Thousand Islands, Casino Rama, OLG Casino Brantford and OLG Casino Point Edward. At $1 million starts the Mega Bucks jackpot and it continues to climb until a customer makes the winning combination.

In 1996, Casino Rama opened and it offers more than 110 gaming tables, over 2500 slot machines, 10 restaurants, a full service hotel and a 5000 seat entertainment center. Penn National Gaming, Inc operated Casino Rama.

13Aug/10Off

Ontario bets on Online Gambling

With hopes of creating an additional revenue stream, the government in Ontario has decided to try their luck in the business of online gaming, casino table games and online casino games. To allow Ontario residents to gamble from the convenience of their own home or personal laptop, Ontario Finance Minister Dwight Duncan announced that the government is spending 18 months to develop a system. In early 2012, the program will be launch.

Lottery games such as, lottery tickets via the Internet and e-instant tickets will be included as possible games. The website is also expected to have assorted poker games with the house (government) banking the table games and extensive casino games technology such as typical table games such as blackjack.

For this ambitious project, the administrator will be the Ontario Lottery and Gaming Corporation. A prominent role in the website will be taken by Poker (player against player). Off of the rake (percentage of the main pot goes to the house), poker games will make money.

Ontario residents are sending over 400 million dollars out of the country gambling on the Internet as shown by a recently taken Canadian study. The new Internet website will bring over 100 million dollars to the government in its first full year of operation as estimated by the Ontario Lottery and Gaming Corporation.

At this time in Ontario, it is estimated that there are 400,000 to 500,000 internet accounts that are being used. This would mean several open accounts have been held by many players. There will be self regulation by players that will set their maximum limits is what is said by the Ontario Lottery and Gaming Corporation.