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Foreign prostitution money funds Republican campaign, Martin John Williams GamblingCompliance

A controversial lawsuit against Las Vegas Sands and a union-backed website is offering material for attacks against the sources of major campaign contributions to the Republican Party. A Jewish lobby group announced a petition drive and social media campaign "demanding that Republican presidential candidate Mitt Romney and the Republican Party reject tainted contributions from Republican mega-donor Sheldon Adelson".

 

That report referred to a statement to a Nevada court by sacked Sands China CEO Steve Jacobs on June 27 that Las Vegas Sands executives and Adelson personally exerted "control and direction from Las Vegas over acts of prostitution on Sands China's properties".

 

His allegations include Las Vegas Sands sidelining the board of its majority-owned Macau subsidiary, violating Hong Kong Stock Exchange rules, associating with known triad members, knowingly hiring and retaining illegal labour, allowing an unlicensed junket room and other dealings that could infringe the US Foreign Corrupt Practices Act.

 

Sands owner Adelson has done multiple donations to Republican-linked Super PACs and non-profit groups, including $20m to the non-profit group Crossroads GPS, co-founded by former White House deputy chief of staff Karl Rove, and $5m each to Super PACs linked to House Speaker John Boehner and House Majority Leader Eric Cantor.   Adelson and his wife have promised as much as $100m to ensure that Romney enters the White House, making the Las Vegas Sands mogul a potential target for Democrat strategists.

 

On June 15, McCain predicted that scandals would inevitably result from the enormous amounts of donated money now washing through the system, including "foreign money", and the "corrupting effects" on elections would make a mockery of the 2010 Supreme Court decision that ended limits on "independent political expenditure" by corporations and unions, he said. 

 

Meanwhile, the other US operator with an interest in Macau, MGM Resorts, has been targeted by the website CasinoLeaks-Macau, an ambitious trade union-funded and controlled project that compiles data, documents and analysis on Macau's junkets.

 

The International Union of Operating Engineers' (IUOE) campaign covers all of Macau's gaming operators, but has singled out MGM Resorts, demanding in writing that its independent directors probe subsidiary MGM China's dealings with the Suncity junket over alleged triad links. Suncity also operates at Sands China and Wynn Macau casinos.

 

Other sources:

http://casinoleaks-macau.com/CasinoLeaks_News_and_Updates.html

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Acquisitions of social gaming companies have showed poor results, Gambling Compliance

The social gaming sector is estimated to grow from around $8bn in global revenues this year to around $15bn in 2015, according to Think Equity.

 

Caesars Entertainment acquired Playtika (Slotomania) for $170m in December 2011. Official company description: “A lot of effort, not a lot of results.”

 

888 Holdings acquired social poker and bingo games developer Mytopia for $18m in June 2010. Official company description: “Reduced expectations of income growth."

 

International Game Technology’sacquired DoubleDown Interactive for $250m in January 2012. Official company description:"Will need to grow its user base to generate profitability." (showing loss with 1,4 M daily and 5 M monthly users) The growth of users has been “dramatically below what we believe is necessary to achieve our estimate.”

 

Bwin.Party Digital Entertainment unveiled its Win.com social gaming division and announced the acquisition of  Velasco Services Inc. and Orneon Limited for $23m in may 2012.

 

MGM Resorts International is set to imminently launch its MyVegas social gaming site.

 

Wynn Resorts is according to rumours i talks with the largest social gaming developer Zynga.

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MGM is forced to pay for using trivial patent from Leap Forward

MGM is forced to pay for using trivial patent from Leap Forward | Poker & eGaming News | Scoop.it

MGM Resorts International has announced that they start licensing Picture-in-Picture (PiP) patents from Leap Forward Gaming.

 

The rocket science of PiP technology allows gaming operators to provide additional games, media content, interactive bonusing events, directed marketing messages etc to players in a secondary picture on the video screens, while the game play is not interrupted.

 

Rumours says that drinking and playing DaP will be the next step in the advanced patent development within the world of casino technology.

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MGM to have online site by June, iGaming Post

MGM to have online site by June, iGaming Post | Poker & eGaming News | Scoop.it

MGM Resorts International will launch a casino-themed Internet game by June, said James Murren, chairman of MGM Resorts International.

 

The game “Casino Mogul” will be similar to Farmville and other social media games and provide a perfect Las Vegas, which he told the crowd means Vegas will have only MGM properties.

 

Murren said Internet gambling will be here this year at a state-by-state level. “We vastly prefer a federal solution,” he said.

 

Other sources: http://yogonet.com/english/2012/05/14/mgm-to-launch-online-casino-game-in-june

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MGM to launch social gaming site, Tom Victor EGR Magazine

MGM to launch social gaming site, Tom Victor EGR Magazine | Poker & eGaming News | Scoop.it

United States-facing casino operator MGM will soon roll out a social gaming site exclusively featuring its brands.

 

The CEO Jim Murren hopes the new development “will be superior to what you currently see in the market and will be a strong customer acquisition and brand extension tool for us.”

 

At this stage it is unclear whether any of bwin.party’s brands, which include PartyPoker, bwin and the World Poker Tour, would have any presence on MGM’s planned social site. The World Poker Tour brand is already active on Facebook via an app developed by Hands-On Entertainment which boasts 170,000 monthly active users.

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MGM plans to build 800 MUSD casino outside Washington DC, Innovate Gaming

MGM plans to build 800 MUSD casino outside Washington DC, Innovate Gaming | Poker & eGaming News | Scoop.it

MGM Resorts is planning to develop a $800m casino resort at the National Harbor waterfront complex near the nation’s capital. To go ahead, MGM requires that lawmakers allow both slots and tables, plus cut the high gambling tax in the state. The changes are subject to legislation approved by Maryland General Assembly, which would pave the way for a referendum by Maryland voters. The proposed project would create 4,000 permanent jobs and heighten competition in surrounding states Pennsylvania, New Jersey and Delaware.

 

Other sources:

http://gamingzion.com/gamblingnews/maryland-to-expand-poker-gambling-2807

 http://www.gamblingcompliance.com/node/49396

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Macau’s record growth is slowing down, Michael Robinson Innovate Gaming

Macau’s record growth is slowing down, Michael Robinson Innovate Gaming | Poker & eGaming News | Scoop.it

Gaming is still expected to expand in Macau, but analysts believe these first signs of slowing growth rates will see operators face a tougher challenge in the decade ahead. This year’s revenue growth has so far been running at just over half the 2011 rate, before the abrupt slowdown in May.

 

According to recent Gaming Inspection and Coordination Bureau figures, year-on-year growth rates have steadily declined in 2012. Gross revenues dropped from 34.8 percent in January, 28.3 percent in February, 27 percent in March, 25.7 percent in April to 7.3 percent in May, which represents revenues of us$3.3 billion last month.

 

Other sources:

http://www.yogonet.com/english/2012/06/13/macau-june-revenue-may-grow-15 ;

http://news.investors.com/article/614514/201206120802/china-mixed-numbers-seen-benefiting-vegas-casinos.htm

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myVegas social casino games launches with partner MGM, Dean Takahashi VentureBeat

myVegas social casino games launches with partner MGM, Dean Takahashi VentureBeat | Poker & eGaming News | Scoop.it

Social casino game startups are the cliché of 2012. Everybody is either starting a new company in this hot market — on the bet that the U.S. will allow online gambling sites again — or spending a lot of money acquiring casino game startups.

But Playstudios believes it is different because it is a blend of Silicon Valley and Las Vegas. They’ve signed up MGM Resorts International, which owns 80 percent of the casino properties on the Las Vegas Strip, as their marketing partner.

 

The myVegas app on Facebook is a social gaming destination, where players can come to enjoy games such as Blackjack or slot machines. You can earn virtual currency by playing the games and earn real rewards such as trips to real-world casinos. Then you can build out your own fantasy version of the Las Vegas Strip in a kind of meta-game.

 

Other sources:

http://www.recentpoker.com/news/mgm-social-gaming-7019.html

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MGM Resorts International's CEO Discusses Q1 2012 Results, Seeking Alpha

MGM Resorts International's CEO Discusses Q1 2012 Results, Seeking Alpha | Poker & eGaming News | Scoop.it

EBITDA was $509 million for Q1 2012.

 

Our room trends continue to improve. That increase was despite having over 70,000 rooms out of service at the MGM Grand due to the current room remodel that's underway. And overall, we were still able to increase our occupied room nights by approximately 60,000 in the quarter, reflecting a gain in market share, as well as the continued strength in demand for our Las Vegas Strip resorts.

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