Las Vegas Casino Floors Set New Record

The NGCB released the report detailing the total revenue from Vegas’ casinos on February 1, and the figures could be described as eye-watering. In all of 2022, the casinos of the Strip managed to rake in a phenomenal $8.29 billion. That represented a 17% boost from the same period in 2021, which saw a still-impressive $7.96 billion. Across the entirety of Nevada, the number was 11% up on the $13.4 billion that set a record in 2021, netting a cool $14.8 billion last year. Not many industries can claim those sorts of financial numbers. It’s more than encouraging for those in the Vegas casino game.

Could This Spell Change for the Rest of the US?

Seeing these sorts of numbers play out across years disrupted by a pandemic and uncertainty in people’s personal finances could spur some states into action. While only two states – Nevada and Louisiana – have taken action to legalize casino gaming and sports betting fully, there are still many that haven’t. The previously mentioned ongoing financial concerns don’t just affect individuals, though, and the potential tax revenue will be alluring to those states that are lagging behind in the liberalization game. Indeed, should they be feeling the pinch in state funds, there are plenty of case studies to be used as evidence that casino gaming represents a reliable and impressive revenue stream.

Looking solely at the online gambling sector, we can see that trends are rosy. Michigan, a state that is still in its relative infancy in terms of allowing internet-based casino gaming and sports betting, experienced a 2022 to remember. Across the year, operators in the state collected nearly $2 billion in revenue. That’s despite legality only being confirmed in 2021, showing just how much states new to the game could stand to gain from opening up to the idea of casino gaming as a standard. In fact, from 1999 to 2021, physical gambling venues in the state only generated around $2.5 billion in taxes. While it’s hard to compare out-and-out figures when looking at revenue and taxes, it’s easy to see that there will be more money in the coffers for those in charge in Michigan.

In Spite of Record-Breaking Year, Experts Warn of Dip

2022 may have been unprecedented but industry experts are already predicting a return to normal for the upcoming year. Fitch Industry penned a memo which warned of a “demand pullback”. They claim that the year will see the industry finally succumb to the difficulties that other businesses and individuals are facing. According to the aforementioned memo, 2023 will see a 10% drop in the figures, bringing it back down to a near-2022 level, while still retaining positive numbers. That is to be expected, though, given that almost every other industry has seen something of a downturn in recent years, particularly in areas like tech.

With the negativity covered, however, there are still reportedly better times on the horizon. According to the same credit rating company, it is expected that revenues will start to see themselves back on the right track again next year with “low single-digit percentage point growth”. That may mean we won’t see the record broken for another decade at least but it’s sure to be music to the ears of industry leaders and casino aficionados alike. And that’s not even to mention those with predictions that go against Fitch’s memo.

One leading member of a consulting firm dealing predominantly with the gaming and entertainment industry is actually bullish about the upcoming year. Brendan Bussman instead believes that the fact that travel and in-person conventions and events haven’t returned to the pre-pandemic levels of 2019 means that there’s actually room for more growth and, if not, at least stabilization. If that’s the case, we could be on for another record-breaking year in the Sin City. Whether that does happen or not, industry predictions and ongoing trends suggest that it won’t be a boring year for those invested in the outcome.

Is Europe’s Latest Answer to Vegas About to Close Its Doors?

You could be excused for knowing little about one of Europe’s smallest nations at all, let alone knowing little about its burgeoning casino industry. And yet since 2017, the casino scene in Liechtenstein has truly flourished. The between 30,000 and 40,000 inhabitants of this tiny country have the run of six casinos – to put that into perspective, everyone’s favourite small European island nation, Ireland, is towards the top of the list of casinos per capita at one for every 300,000 residents. Should this January referendum prove to be the death knell for Liechtenstein’s casinos, it’s sure to be a major blow to its citizens and leave a gap in its entertainment economy.

Last In, First Out for Liechtenstein?

Europe has a rich history when it comes to casinos. Monte Carlo and London spring to mind when discussing the gaming palaces of the continent; with prestigious venues dotted around the cities, especially throughout history. However, Europe is a place that laughs in the face of hegemony and not every country was prepared to legalize gambling, even in state-overseen entertainment establishments. Liechtenstein was one such nation – it’s barely over half a decade since a change in the state’s laws allowed for casinos to open their doors, which made it a popular destination for gamblers from some of the more restrictive areas of Austria and Germany.

Now, however, there has been a real push by many who oppose the gambling industry in the country for the government to perform an about-face and reintroduce strict legislation which would effectively dismantle this new industry. The entity acting as the driving force behind this is known as IG VolksMeinung and it has explained that it doesn’t want Liechtenstein to establish itself as “a casino and poker hotspot in the middle of Europe”. If the group gets its way, all casinos currently open will have five years within which to cease operations, meaning that some will struggle to reach the decade mark. So what has spurred on such a movement in the country?

 

Historic Reputation Dictating Country’s Casino Future

For many within the pressure group attempting to force the government’s arm, the issue with casinos in the micronation stems from its historical reputation within Central Europe. Specifically, how it has dealt with finances and, more importantly, financial crime. As with many of the smaller states on the continent, Liechtenstein’s history has been littered with accusations of being used to disguise white-collar crime involving taxes and financial mismanagement from the authorities, especially in German-speaking countries like the aforementioned Germany and Austria. As such, IG VolksMeinung believes in order to flourish in the international spotlight, it would be better to move away from industries like banking and online gambling.

However, the nation has taken steps to improve its reputation, including aligning itself with its fellow EU members by repealing its banking secrecy, meaning that its banks can no longer be used by citizens of the economic bloc as a way around legislation in their own countries. Because of this, it’s the view of those on the side of the gambling industry – including the government, which has spoken out and asked for citizens to vote against restrictions – that legislation is the answer, not abolition. For example, a prominent operator of casinos in the nation is reported as stating, “a well-regulated market is better than an outright ban”.

 

Casino Gaming an Economic Boon for Liechtenstein

Ultimately, behind the government and casino operators’ desire for evolution over revolution in gambling legislation is likely the realization of what the industry represents in terms of money in the coffers. According to government sources, casino tourism saw the country bring in around $55 million in taxes. While this won’t be what makes or breaks Liechtenstein’s post-bank-transparency prosperity, it’s no small bit of change to a country this size. It has a population less than 10% of Wyoming’s. No government would want to lose that income, especially at a time of worldwide economic uncertainty and instability.

It’s hard to be certain which way the referendum will go. However it’s clear to see that those in charge don’t want wholesale change in the fundamentals of the industry. Due to that, it seems unlikely that the citizens will be looking to upset the balance. With all that said, as European referenda have shown us in recent years, it’s unwise to count your chickens before they’ve hatched.

British iGaming Giant bet365 Expanding US Operations

The news comes in the wake of an announcement by Churchill Downs Incorporated (CDI) following its February 2021 plan to step away from the online sportsbook and casino gaming vertical. They aim to focus squarely on horse racing betting going forwards. This has opened the door for bet365 to agree to enter a deal with the CDI subsidiary Presque Isle Downs & Casino to take over their online sportsbook and casino operations.

 

Adding to a Burgeoning North American Portfolio

While the bet365 brand might not be the most recognisable to players in the States, the British company does already have a presence in a number of territories across the nation. Currently, there are three states where it is possible to use the site; New Jersey, Colorado, and Ohio. The latter is the latest to become operational – January 1, 2023, saw the brand open its doors to players in the state and they have since agreed to a partnership with the Cleveland Guardians, becoming the franchise’s official gaming partner and cementing their spot in the local area.

The company will be looking to follow in the footsteps of other big names that have successfully made the move across the Atlantic from the Old World. Maltese company Betway is one of the most popular players in European iGaming and has left an indelible mark on the industry here, too. The operator currently provides its sportsbook in eight states, while its online casino is accessible in two states. As such, the Staffordshire-based bet365 will see a potentially lucrative pipeline in their success.

 

The Story Behind bet365

While the company may currently just be dipping its toe in the water when it comes to operating in the US market, it’s got a long and storied history as far as online casinos go. In fact, it was one of the early adopters in the UK, founded by the Staffordshire-based Coates family all the way back in 2000. The patriarch, Peter,  had previously run brick-and-mortar betting shops throughout Great Britain for nearly thirty years, from 1974, and this online venture eventually replaced all their physical outlets.

Since that point, the business went from strength to strength and extended its offerings to countries across Europe, as well as branching out into international markets even further afield, such as Australia and, eventually, the US. Their early success helped pave the way for global brand recognition by allowing the Coates family to invest in their local soccer team Stoke City in 2012 and use the team’s jersey to advertise the brand by placing bet365 as the main shirt sponsor. At a time when the side was playing in England’s top league, this exposure would have proven invaluable and surely played its part in helping facilitate the jump from the UK to the US.

 

What Does This Mean for the US iGaming Market?

The EGR may have recently published a report in which they discussed YOLO Group’s director of gaming Joe McCallum’s predictions that the industry will see a slowing of its recent impressive growth; however, the numbers are still extremely promising, especially with news like this potential expansion on the horizon. And it’s likely to get better as the tightening of restrictions on gambling in territories like the UK makes the States an even more attractive proposition for European businesses.

The iGaming market for the year 2022 up to December was in red hot form. Revenue was recorded at over $4 billion, which proved to be a more than 30% increase on the corresponding period of 2021. This shows just why the Coates family is looking to expand their operations Stateside, especially if the aforementioned restrictive legislation interferes with operation at home. And as more and more US investors look to purchase stakes in online sportsbook and casino groups in the UK, this might prove to be the perfect opportunity for all parties.

2023 looks to be a bumper year for the industry and there’s no more proof of that than the expansion of successful brands into emerging markets. Whether or not these operators stick around for the long haul is yet to be seen, but there’s reason to be optimistic, nonetheless.

Vegas Strip Sees Blow as Chilean Casino Company Pulls Plug on Deal

This will come as a blow with locals and regulars to Las Vegas always keen to see the continued development of the iconic boulevard. The new casino was to sit on the former home of the Riviera hotel and casino. It would have become the first new occupant on the site since the 2016 demolition of the structure; some of which was the oldest remaining on the Strip at that time.

 

CB Investment’s transaction for the land had been announced back in October 2021 and, it was believed that the deal would go through in June of 2022. There was later a postponement of payment to November of 2022 before the company asked for a further push back of the schedule to December of the same year. It was on the 29th of that month that CB Investment finally announced their intention to leave the agreement.

 

Why Did the Deal Fall Through?

The main man at the helm of CB Investment is Claudio Fischer, a Chilean businessman with a portfolio consisting of a range of properties in South America – most importantly, casino hotels. In fact, he helped co-found the largest casino chain in the Latin American region in Sun Dreams. It was this experience and expertise that made the prospect of a new casino on the Strip of particular interest.

 

However, the problems began with 2022’s precarious financial environment and what that meant for developers. It is believed that Fischer’s concerns were around the current state of play when it comes to interest rates in the US. These jumped a whole 4% from 0.25% to 4.25% in less than a year, which meant that the businessman’s returns would be quickly eaten into when taking it account the financing needed to conclude the purchase and begin construction.

 

Where Does the Deal Now Stand?

 

It would appear to most that the deal is now very much dead in the water, especially after Steve Hill announced that the property was back on the market. LVCVA ”terminated the agreement, received the $7 million non-refundable deposit, and re-listed the property”. However, it apparently isn’t necessarily the case that we’ll be seeing a whole new party involved in the purchase of the land.

 

While the increased value of debt has put Fischer off at present, reports suggest that the Chilean would consider making another approach should the US Federal Reserve lower interest rates and fixed mortgages drop from their two-decade record highs. It’s known that this opportunity was a dream for the businessman and it’s not beyond the realm of possibility that this will see him return to the negotiation table in time.

 

Despite This, the Strip is in Good Health

Fontainebleu Las Vegas

Fontainebleau Las Vegas to finally reopen

The world over, the Las Vegas Strip is renowned for being the home of casino gaming and because of that, it’s unlikely that this unfortunate setback will be of much detriment to Nevada’s gaming Mecca. To the contrary, this may allow for the existing businesses in the area to flourish, especially with other new openings on the horizon.

 

There are a number of big names looking to establish themselves on the Vegas scene in 2023 and beyond. The long-forgotten Fontainebleau Las Vegas looks to finally be opening its doors, over a decade since it was first set to open in 2009. It changed hands a couple of times but is set to be open later this year under the original company. Beyond that, in 2025, it looks like there will be the return of a Hard Rock Casino and Hotel, with the Mirage’s operations in the process of being sold by MGM to Hard Rock International.

 

So, while it’s undoubtedly a disappointment for all involved in the proposals for the old site of the Riv’ that the deal fell through; 2023 and onwards looks like it will continue to be healthy for Las Vegas, no matter what transpires between CB Investment and the LVCVA in the future.

Move Over Vegas: 7 Latest Casino Destinations in the World

For several decades, Las Vegas has been the first choice for gamblers to place their bets and win big. However, the world has moved on. In recent times, new gambling destinations are giving the ‘Gambling Capital of the World’ some tough competition. Here we take a look at the latest casino hotspots around the world in 2022.

According to the latest industry forecasts, the global gambling market is all set to grow considerably. It was worth $287.43 billion in 2021. Researchers are expecting it to grow to more than $458 billion in 2026. In 2021, the Asia Pacific region was the largest market for casinos and gambling. Experts predict that Eastern Europe will become the fastest growing region for gambling by the end of 2026.

The changing gambling habits and the gradual bounce-back of the global travel industry are helping gamblers explore new destinations. If you’re willing to travel the world for your gambling pursuits, you’d certainly be excited about the newer casino destinations. So, here we’ve listed some of the latest casino hotspots from different parts of the world:

1. Macau Casinos

Macau has witnessed a surge in the number of visitors over the past few years. This can be attributed to its reputation as the prominent gambling destination in Asia. People even call it the ‘Monte Carlo of the Orient’. This special administrative region (SAR) of China is home to 33 casinos. Nearly seven of them are now among the 20 largest casinos in the world.

Macau’s casinos amount to about 50% of the region’s overall economy. More money flows through these casinos than any other casino destination in the world. Many of them are located on the Macau Peninsula. Even the casino giants of Las Vegas such as MGM and Las Vegas Sands have their presence in this region. Do you still need a reason to visit this fantastic casino destination?

2. Monte Carlo

Monte Carlo exudes charisma and class. It is one of the places on earth that the rich and famous frequent. One of the reasons for its reputation is the presence of some iconic casinos that came up here in the 19th century. Today, you’ll be speechless upon seeing the glitz and glamour of the casinos in Monte Carlo. No wonder this is one of Europe’s most popular gambling destination.

Gambling will only grow in Monte Carlo in the coming years thanks to its wealth and high living standards. The casinos here have a very strict dress code. Most of them also offer breathtaking views of the Mediterranean Sea. Gambling in Monte Carlo is mostly for the high rollers. So, be prepared to spend some big bucks if you’re planning to visit this destination.

3. Casinos in Puerto Rico

If you’re in Puerto Rico, you’ve landed in a destination that might bring you lots of luck. Just visit some of its casinos and treat yourself to a game of poker or blackjack. Why not try some slot machines as well? The capital city, San Juan, is quite popular as a casino hub of the nation.

This is the city where you’ll find casinos that stay open 24/7. Among the popular casinos in Puerto Rico are Casino del Mar and Casino Metro. Whether you’re a beginner or a seasoned gambler, you’ll always feel welcomed in this part of the world.

4. Singapore

There are plenty of reasons to visit this charming country in Southeast Asia. It is home to one of the world’s largest Ferris wheels and the magnificent botanical gardens. Although gambling in Singapore is still in its infancy, the industry is witnessing a boom today. Two of its famous resorts are now home to large casinos. These resorts are Marina Bay Sands and Resorts World Sentosa.

The Marina Bay Sands resort has a wide range of offerings for gamblers. It has the largest atrium casino in the world besides multiple swimming pools and night clubs. Visiting Singapore for an exciting gambling experience won’t be a bad idea at all!

5. Atlantic City Casinos

This majestic coastal resort city is located in the state of New Jersey, United States. It’s an attractive American destination for gambling, kept away from limelight because of Las Vegas. The city itself has been built around the casino industry. Most of the tourists visiting Atlantic City arrive here solely for the purpose of gambling. Its casinos offer all kinds of gambling options.

Some of the casinos that have become a favorite among tourists are Borgata, Bally’s, and Caesar’s. If you want a great alternative to Las Vegas for gambling, go for Atlantic City. It’ll never disappoint you.

6. Malta, a new casino destination

This island nation has gained popularity over the past few years as an attractive gambling destination and casino hotspot. The country has some established regulations with regards to the gaming industry. It also provides the MGA license to many of the online casinos. Besides being one of the famous tourist destinations, it draws many gamblers from different parts of the world.

They arrive in this island country to gamble in some of its renowned casinos. Among them is Casino Malta, which opened in 2015. It is the country’s biggest casino and provides state-of-the-art gambling environment for players. If you’re bored of slots, you can move to one of the tables to play baccarat, blackjack, or American roulette.

7. London

London is home to more than 20 world-class casinos in addition to many famous attractions. While getting around in this city, you can visit any of these casinos to try your luck playing the popular games. There are some exclusive casino establishments such as the Ritz and Crockfords Club in the city.

They have their own stringent policies that determine who may gamble in them and who are not welcome. If you’re able to get inside these casinos, it will add some thrill to your entire gambling experience. Don’t forget to explore some historic attractions in the city if you’re not in the mood to gamble.

Blackstone’s takeover bid of Crown Resorts Casino

The Australian gambling company, Crown Resorts Ltd. has been hit by a series of blows recently.  On May 22nd the company’s chief executive, Rowen Craigie, and its general counsel, Thomas Davis, were arrested in China and detained on allegations of bringing in more than 100 million U.S dollars worth of gambling chips into the country.  Two days later, the Chinese government announced it was banning all casinos from offering “foreign junkets”, or VIP trips to gambling in Macau’s casinos.  In addition, Hong Kong’s Narcotics Bureau raided Crown’s headquarters. They found that the casino offered monetary advantages to customers such as betting rebates.

The company itself has also come under fire for its attempts to engage in money laundering.  As a result of Crown Resorts’ actions from 2010 to 2012, the Australian Federal Police (AFP) conducted an investigation into foreign bribery which resulted in charges being brought against Crown Resorts Ltd.  This case is still being heard.

Gambling addiction is also a major concern to the company and its shareholders.  The company has now announced that it will be implementing an alert system for its customers to be able to call for help if they have gambling problems or may become addicted to gambling.

Blackstone’s takeover strategy of success

Blackstone Group LP was established in 1985, and what started as a $400 million fund 20 years ago is now worth $435 billion.  The foundation of Blackstone has been the purchase of businesses and the subsequent expansion.  Blackstone takes over businesses, crafts a strategy to increase profits, and then sells the business, resulting in an even greater profit for shareholders.

The takeover bid by Blackstone Group LP had been ongoing since April 2015, but they are now making it official with a formal offer to purchase Crown Resorts from a private equity firm called Apax Partners. The bid is valued at AU $1.8 billion and Blackstone will also be buying Crown’s debt of approximately $2.7 billion. The offer is being made to all shareholders, including suppliers and customers.

Expansion into Australia and China

One of the significant factors in this deal is that it will allow Blackstone to increase its presence in Australia.  Blackstone has continued to purchase businesses in Australia despite its expansion into China, India, and Europe.  Blackstone will be taking over Crown Resorts in a joint venture between Crown and another party. However, in effect, Blackstone will be able to operate the resorts as it pleases.  Blackstone recently announced that it would be making its first foray into the Chinese market. The plan was to break open the market with a $4 billion purchase of Sun International Gaming Ltd. Crown has been in Australia for 25 years and is much more visible here than in China (mainly due to their successful VIP gaming program).

Blackstone Group LP offered to buy 12 casinos in Las Vegas from billionaire Steve Wynn for $2.4 billion in 2013.  Wynn was due to receive a significant sum after he sold off the properties. In the end Blackstone backed out of the deal, resulting in a dispute between the two parties.

Blackstone’s takeover of Crown Resorts will result in the company having 13 casinos in Australia, including exclusive villas on the Gold Coast and Heron Island.  It will also add two casinos in New South Wales (Perth and Grafton) and one in Victoria (CBD).  Blackstone hopes to complete all the transactions by November.

Due to the high debt load that Crown Resorts has incurred, it is unlikely that any of the properties will be sold separately.  In addition, Blackstone’s purchase of Crown Resorts means that it is highly unlikely that the New South Wales government will be able to buy back any of the casinos in Sydney.  The high cost could prevent Crown from purchasing the casino at Barangaroo, which was previously sold by James Packer but put on hold due to a conflict with NSW.

Blackstone’s takeover impact on Crown Resorts shareholders

Blackstone’s takeover bid is good news for shareholders and suppliers who will be paid out and privy to the change in management.  Blackstone has a history of increasing the profits of businesses that it takes over and Crown Resorts should benefit from this too.   They will also likely increase the level of new reservations and further develop Crown’s VIP gambling program.  Blackstone’s aim for Crown Resorts is for it to become the most respected gaming company in Australia as well as a global leader, so watch this space.

The takeover of Crown Resorts by Blackstone is good news for shareholders, suppliers, and customers alike.  Blackstone has a history of increasing the profits of businesses that it takes over and Crown Resorts should benefit from this too.  Blackstone will probably have a chance to increase the level of new reservations and further develop Crown’s VIP gambling program. This expansion for Crown Resorts is also very important due to its current position. The company is Australia’s largest casino operator and one with a reputation for high standards in service. Crown Resorts’ share price has fallen over the past few months due to this concern and need to raise more capital.  The share price is currently AU $0.46 and Blackstone’s bid is a sound financial decision for shareholders; they will be paid out with no trouble at all.

Call for changes to gambling laws in Australia

Australian lawmakers have been pressing for the country’s gambling laws to be made more stringent.  One of the proposed changes would make Crown Resorts liable to licensing requirements similar to those imposed on other casino companies – including thorough background checks on owners and directors, and more stringent measures for keeping money offshore.  This is a key point for Crown Resorts, as it currently has some $3 billion in revenue that could go offshore if the new laws were introduced.

Crown has been in legal disputes over whether it should be subject to gambling regulations like other casinos. This could result in further losses for shareholders if it loses the case.  Blackstone will not have to worry about any of this. It has already acquired the licenses that Crown is currently avoiding.

Bally’s Chicago Casino Project

Bally’s was recently awarded Chicago’s only casino license. They have grand plans to build a huge gaming complex in the River West area. The project will cost $1.74 billion and promotes a wide range of initiatives to help stimulate the local economy and drive tourism to Chicago.

Naturally, communities being presented with a new casino proposal have concerns. These concerns particularly address issues of ethics, and social degradation as a result of having gambling in the neighbourhood. However, it is clear there are a lot of benefits to be gained. We’re talking about real social and economic improvements due to investment.

What are the benefits of having a casino in the neighbourhood?

Firstly, the number of jobs in the area increases substantially. As a result of increasing job security, the local economy benefits. A casino will bring in visitors from outside the city ready to spend their money. Having more money coming into the area is good news! Smaller, local and independent businesses will benefit from more money from foot traffic in the area.

There is also the straight forward monetary transactional benefit to the city. In the case of the Bally’s Casino there’s an upfront payment to the city of $25 million USD. There is also a recurring annual payment of $500,000 every year towards city improvements. The city will also see $200,000 for responsible gambling education. The casino is anticipated to bring in $200 million dollars worth of tax revenue which will contribute to the pension funds for Chicago’s police and fire servicemen and women.

Opportunities for minorities

The plan is for the actually building of the gaming complex to be led by minority controlled construction partnership. Known as Chicago Community Builder’s Collective, it is Chicago based, giving employment and prosperity to local communities. The goal is for a 46% minority and female work force. Bally’s is also offering to support minority investors with access to capital and a chance to build long term wealth. This initiative has been driven by Mayor Lori Lightfoot. From the start the casino bid plans must have long term strategies to give real opportunities to minority communities. Not simply pay lip service or virtue signally by filling quotas. It seems that Bally’s is firmly committed to investing in the long term prosperity of the community and reversing the trends of inequity.

A temporary Chicago Casino proposal

Bally’s casino project will take up to 3 years to build. Along with the casino there will be a massive 3,000 seat theatre and a 500 room hotel. In the short term, it is proposed that a temporary casino will be held in the Medinah Temple, the former home of Bloomingdale’s department store. Having a temporary casino is hoped to stimulate the local economy and help businesses suffering the effects of the covid pandemic. This temporary casino has not yet been signed off by the Illinois Gaming Board and City Council.

Information sources:

https://www.nbcchicago.com/news/local/chicago-city-council-members-share-mixed-reactions-on-temporary-casino-proposal/2828033/
https://chicago.suntimes.com/2022/3/7/22965635/ballys-support-minority-investors-chicago-casino
https://www.ballys.com/chicago/

10 Best Land-based Casinos in Australia

Australia is one of the top countries for gambling. As there are plenty of land-based casinos in Australia, this hardly comes as a surprise. The most popular type of gambling in this part of the world is ‘pokies’, which is a term used for slots and poker machines. You’ll come across many poker machines in different parts of Australia. Casino establishments are generally found in tourist hotspots or major cities of the country. You can find the best casinos near you at CasinosJungle.

Here are some of the best land-based casinos in Australia:

  1. The Star, Sydney

This is a massive land-based casino located in Sydney, one of the largest cities of Australia. It has everything you’d expect from a casino. The Star casino offers a wide range of table games, which include baccarat, blackjack, and roulette. You’ll also be delighted to find several variations of poker in this casino. If you’ve got a sizable budget, you can also enjoy a VIP experience.

 

  1. Mindil Beach Casino & Resort

 Located in the city of Darwin, Mindil Beach Casino & Resort first opened its doors to gamblers in 1983. Ever since this casino resort began its operations, it has been known by many names. In 2019, Delaware North took over this property and changed the name of the casino to the current name. Despite the changes, Mindil Beach is still one of the most popular land-based casinos in Australia!

 

  1. Lasseters Hotel and Casino

Poker fans will be amazed by plenty of machines spread across a large gaming floor. Located in Alice Springs, Lasseters Hotel and Casino also includes Alice Springs Convention Centre complex and a hotel. Play roulette, blackjack and more.

 

  1. The Reef Hotel Casino

This casino hotel located in Cairns has a variety of table games. Here, you’ll enjoy playing Roulette, Blackjack, Mini and Midi Baccarat, Sic-Bo, Reef Routine, Money Wheel, and Rapid Roulette. You’ll also come across a TAB Mega Wall and a dedicated Keno Lounge in The Reef Hotel Casino.

 

  1. The Star Gold Coast

The Star Gold Coast casino is one of the most well-known casinos in Australia. Star Gold Coast spreads over seven acres. This casino hotel boasts conference facilities, a theater, a ballroom, health spa, and gym. The complex also includes eight bars and seven restaurants. The sheer size of the venue is amazing. This casino floor covers a total area of 65,000 square feet and has more than 1,600 poker machines. Entertainment, dining, gaming – it has it all.

 

  1. Adelaide Casino

Adelaide Casino is the only land-based real money casino in South Australia. SkyCity Entertainment Group owns the casino. You’ll find more than 90 gambling tables, over 1,000 pokies, and a dedicated poker section in this casino. Poker tournaments play out daily. The casino also hosts special events for card sharks looking for some competition. Enjoy a cocktail at Sôl Rooftop bar, overlooking the city. Or indulge in a fire pit steak at Sean’s Kitchen. You can also enjoy a cool one at the Pirate Life Microbrewery.

 

  1. Treasury Casino

Visitors to Brisbane: come visit Treasury Casino! Three floors of gambling options await you. Treasury Casino has about 100 tables for gamblers and over a thousand gaming machines. The table games include classics like pokie, blackjack, craps, video poker, and roulette. As far as luxury casinos go, this is one of the best! 5 star luxury hotel rooms await you. There’s also a good range of dining and drinking options. 5 restaurants and 5 bars offer a fine selection of refreshments. Casino games are available 24/7. Because of the importance of mobile information, the Star App is available too keeping you informed of offers and information.

 

  1. Wrest Point Hotel Casino

Wrest Point Hotel Casino is located in Tasmania. It’s the oldest casino in Australia and offers a wide array of table games, poker tables, and slots. Players can enjoy their favorite games on the casino’s 45,000-square foot floor. There are many exciting traditional table games and nearly a thousand electronic gaming machines to choose from. You’ll find all your favourite games here. Play from as little as a few cents. If you’re in Tasmania, we recommend you check it out.

 

  1. Crown Perth

Located in Burswood, Crown Perth is a resort and casino combined in one. Additionally,  you’ll find meeting rooms, a theater, convention center, and two ballrooms in this establishment. It also includes 32 restaurants and bars, recreational facilities, and a nightclub. We love to have a choice of dining options! So Crown Perth makes us happy. The property also includes three hotels. Poker machines increased in number from 2012 to 2,500. Table games increased from 220 to 350. So you’ll have a huge choice of games to play!

 

  1. Casino Canberra

Casino Canberra is located in Australia’s capital city. When compared to other casinos of Australia, Casino Canberra is quite small. It doesn’t have a license to operate poker machines. However, the casino has 39 gambling tables for gamblers to play roulette, blackjack, baccarat, and other games. The venue is open 12pm til 4am. Earn loyalty points whilst you play. Relax in Canberra’s ultimate sports bar with your mates.

Online casinos in Australia

If you can’t reach a land based casino for whatever reason; there are online options. Unfortunately you may have limited access to online casinos if you are based in Australia. Australian customers are blocked from some online sites. However, despite government restrictions there are still many online casinos accepting Australian players. Mostly hosted offshore, many accept Crypto payments too. Take a look at our top 10 online casinos Australia for some examples.  Good luck and please play responsibly.

What are the best real Casinos in Canada?

The first casino in Canada opened its doors in Winnipeg, Manitoba’s capital, in 1989. Hundreds more magnificent land-based casinos have already sprouted up across the country’s ten provinces since that first one. All offering a diverse assortment of slot machines and table games for the general public to come and enjoy. But what are best real casinos in Canada?

Canada now boasts some of the world’s most prestigious casinos. They also offer plenty of additional services that have helped them become enormously popular vacation spots in their own right. This includes elegant gaming floors, luxurious hotels, impressive nightclubs, and magnificent spas. It goes without saying there are also high-end restaurants that can typically be found in most world-class casino resorts.

Regardless of how convenient it is to play at an online casino in Canada using a smartphone or laptop, nothing compares to the experience of visiting one of Canada’s spectacular casino resorts. The bright lights, fast-paced action, and thrilling atmosphere just cannot be recreated on a screen.

This article will show you some of the best casinos that this beautiful country has to offer. Alternatively check out our guide to real casinos near you.

 

1 Fallview Casino Resort  

 

The Ontario government spent over $1 billion on the casino and resort in 2004, making it attractive to both locals and visitors from all over the world.

Fallsview Casino Resort has over 3,000 slot machines, 100 gaming tables that are used for numerous casino tournaments, and 374 beautiful rooms in an adjoining hotel.

It was recently declared Ontario’s best casino. Fallsview has a variety of attractions, including restaurants and museums, to keep visitors entertained during their stay.

The new event space, which seats 5,000 people, boasts lineups that have included world-famous acts such as ZZ Top and Brad Paisley.

 

2 Casino Rama

 

Whilst many rival casinos boast about having the largest casinos in terms of space, Casino Rama remains one of the best casinos in terms of slot machines and table games, especially following its refurbishment.

There are 2500 slot machines and more than 100 table games to choose from at this casino. If you enjoy dining out Casino Rama will more than meet your expectations, as it has about 8 different restaurants.

If you decide that just playing the slots aren’t enough, you can enter a tournament or competition. That will be a perfect way to add a bit more excitement and put your skills to the test. But one thing is certain: with over 100 table games to choose from, you will definitely discover one that you love.

 

3 Casino de Montreal

 

The Casino de Montreal, in Quebec, is one of the country’s largest, oldest, and most well-known casinos. It also has its own online gaming website where Canadians can play online. The casino is spaced over 500,000 square feet and can accommodate more than 18,000 people.  It has over 3,000 slot machines and 100 gaming tables where you can play roulette, blackjack, craps, poker, and a variety of other games.  With 18 poker tables, tournaments such as Texas Hold’em can be easily hosted for visitors. Not only does it have that massive casino floor, but also you can find fantastic restaurants and bars.  

 

4 Casino de Niagra

 

Casino Niagara is one of the most popular casinos in Canada and has won many awards. Located at 5705 Falls Ave in Niagara Falls it attracts tourists and visitors who come for Niagara Falls and gives them something else to do when they have seen what they came for. It offers around 1,300 slot machines and has 30 gaming tables. More than 350 of their slots are progressive, with huge prizes similar to those found in other leading casinos. It also features a unique poker area with 26 poker tables that are used for poker competitions. Casino Niagara also includes a multipurpose sports section where patrons may simply book and place bets on any sport imaginable.

Niagra Falls Casino

Spectacular casino gaming at Niagra Falls

 

 

5 Redshores racetrack and casino 

For most travellers throughout the world, this is a well-known casino destination. Once you have paid a visit to this casino you will definitely want to return.

Be sure to stop at Redshores Racetrack& Casino in Charlottetown though and your trip will be even more fantastic. There are around 210 slot machines in the casino, as well as six poker tables. It also features a gaming area of 57,000 square feet. There is also great music to keep you entertained. Pussycat Dolls and Black-Eyed Peas are two of the most well-known artists to have performed at the venue.

 

6 Caesar Windsor casino and hotel

Caesars Windsor Hotel and Casino has been Canada’s largest casino for almost 20 years. It provides great experiences to its visitors from both Canada and from around the world.

For poker tournaments, the hotel has a huge gaming room with a 14-table poker room. The hotel boasts over 700 elegant rooms and a steakhouse in the lobby. The Caesars Windsor Hotel and Casino is also known for bringing in famous artists and performers for its patrons.

 

7 River Rock Casino

For many gamblers a pit stop at River Rock Casino is a must. With a floor area of over 70,000 square feet, it is one of British Columbia’s largest casinos. It has a top-of-the-line VIP room as well as over 1000 slot machines.

It’s also renowned for hosting championship poker tournaments in its 24-hour poker room. It has high-end hotels and suites with a restaurant that provides exceptional food and service.

 

8 Club Regent

The number of land-based casinos and gambling halls in Manitoba is startling. As a result, players in Manitoba will never have to travel far to enjoy their favorite slots and table games. The larger casinos, as in most other provinces, are located in the larger cities: in Manitoba’s case, Winnipeg. Although Winnipeg has two large casinos, Club Regent is Manitoba’s leading casino.

Club Regent not only has over 1,000 slots and a variety of table games, but it also has a number of other features that set it apart from the competition. The aquarium tunnel connecting the two structures is particularly amazing. Players can play at one of ten poker tables, stay in the three-star hotel with a fitness center, or attend one of the many shows on the event schedule.

 

9 Hard Rock casino 

There are a number of fantastic casinos in British Columbia, most of them are focused around Vancouver. Most gamers however choose Hard Rock Casino Vancouver for their gambling needs. This casino not only has the largest floor space, but also 70 game tables, a poker room, and a high limit room. Visitors can take a break from the games by watching a show at the Molson Canadian Theatre or eating at one of the seven restaurants. Throughout the year, a variety of concerts and entertainment alternatives are frequently available.

 

10 Casino New Brunswick

The Casino New Brunswick is the best casino in New Brunswick and  by far the most popular of the province’s four casinos. This premium hotel and casino features a spa and other amenities in addition to the casino. It’s almost  a Vegas-like experience just a stone’s throw away from the Atlantic. The high-end vibe that this casino provides is very appealing to players from all backgrounds making it a firm favourite as one of the best real casinos in Canada.

 

 

 

Sydney Star baccarat dealer convicted

A former employee of Sydney’s Star Resort has been found guilty of his role in an unlawful betting fraud that allegedly cost the casino almost A$500,000 in 2020, according to the Independent Liquor & Gaming Authority of New South Wales. Hieu Duc Lam, a Sydney Star baccarat dealer, was caught on CCTV camera conspiring with another employee. They were peering at and memorizing a number of cards that would be played in an upcoming game.

Lam used a secure messaging app on his phone to communicate with his accomplice, a player in the game, the order of the cards. The accomplice would then play the game knowing what cards would be dealt. The con netted $467,700 in less than a year.

 

Sydney Star baccarat dealer sentencing

Lam was fired by The Star after being found guilty of 15 counts of fraudulently gaining a financial advantage at a municipal court in Downing Centre, NSW.

He was condemned to a total sentence of two years in prison. This was to be served via an intensive punishment order that began on July 9, 2021 and will end on July 8, 2023. In addition, he must also complete 250 hours of community service.

The Star self-reported the wrongdoing in accordance with its requirements, according to ILGA chair Philip Crawford, and was correct to fire its employee because they held specific positions of responsibility in the industry.

He explained that a casino special employee is licensed to supervise and facilitate gaming activity. Their job is to protect the integrity of casino operations from illegal influence, major misconduct, or exploitation, and they are entrusted with a high level of responsibility. This case of the Sydney Star Baccarat dealer showed a clear betrayal of such trust.

In addition to his criminal conviction, Lam’s gaming license was revoked by the Independent Liquor and Gaming Authority (ILGA) on the request of NSW Liquor and Gaming.

Lam’s case follows the sacking and conviction of two Star Casino employees in March for illegally taking more than $30,000 in gaming chips.

Popularity of Baccarat

Many American casino patrons are unfamiliar with the world’s most popular casino game. Baccarat has its origins in the gambling salons of Italy and France. However in the last thirty years, it has become a game that casino management and gamblers alike are flocking to—mostly in Asia, but increasingly in the United States.

Since toppling Las Vegas in 2006, Macau’s casinos have made more money than any other city in the world. Baccarat accounted for more than 88 percent of Macau’s $33.2 billion in revenue last year. Singapore casinos rely heavily on the game. Even on the Las Vegas Strip, where many visitors are unfamiliar with the game’s rules, it accounts for 18% of total casino income. Only slot machines generate greater revenue for Las Vegas casinos… And there are a lot of slot machines in Las Vegas.

Before the surge of Asian players, a lot had to be done to dress up the game to get people interested in it. There were enormous double tables, tuxedoed dealers, and beautiful women in evening gowns standing around the tables. It had a real James Bond feel to it.

Asian high rollers have virtually unanimously chosen baccarat as their game of choice during the last two decades since it is especially tailored to their cultural tastes.

 

How to play Baccarat

The cards are shuffled and placed in the dealing shoe. The player does not hit or stand; everything is done according to the outcome of the cards. As a result, people assume that their good fortune is reflected in the shoe. This is a critical point in the game. Many players will leave the table if they believe it is bringing them bad luck.

 

Big win Baccarat

Big win Baccarat – online game from isoftbet

Baccarat is a simple game to play, despite its presence in high-limit gambling sections. Players select whether they want to bet on the “Player” or “Banker” hand. As a player, you then sit back and let the dealer handle the rest. The goal of the game is to bring your hand closer to nine than the other hand. The first digit is dropped if your cards total more than nine. A seven and a six, for example, yields a 13, which is reduced to a three. Aces count as one. 10-count cards (tens, jacks, queens, and kings) count as zero.

The only decision the player has to make is which hand to bet on and how much to gamble. Dealers follow a system of rules that determine whether a third card is drawn. Therefore the only decision the player has to make is which hand to bet on and how much to wager.

If you would like to learn how to play before visiting the Sydney Star Baccarat tables or any other casino we can help! Check out our baccarat strategies.

What is it that attracts high rollers to baccarat?

Australian DollarsThe game has one of the lowest hold percentages in the casino. The average house advantage of roughly 1.2 percent on banker and player bets. There is a third bet or tie, which pays out eight to one if both hands equal the same number, but it has a much higher house edge at over 14%. As a result, the majority of serious players stick to player or banker.

Baccarat is risky for casinos. Due to the enormous amounts of money gambled and the tiny house edge, players can win a lot of money at the expense of the casino. Casinos in Singapore accept wagers as high as the equivalent of over $550,000 every hand. Casinos on the Las Vegas Strip may accept bets as high as $150,000 per hand. While casinos have the opportunity to win millions in a matter of hours, they also have the potential to lose millions. Sydney Star baccarat tables similarly host wealthy residents and visitors from Asia Pacific.

Casino managers hoping to profit from baccarat should make sure that their risk is 100 times the average bet. So, if a player bets $10,000 per hand, there is a chance he could win $1 million. It’s possible because it’s within two standard deviations.

 

Modern Baccarat

Baccarat has evolved significantly since its European beginnings. Most casinos now offer the game on a single table, which looks a lot like a blackjack game. Most of the major Asian players don’t care for the theatrics of tuxedoed dealers and double tables. While table minimums in high-limit areas are expensive, the game can still be fun.

The game has become more accessible to gamblers than ever before. Don’t be shocked if your local casino adds more baccarat tables soon, given its great profit potential and proven track record around the world.

And, because this is one of the few games where a high-betting player might conceivably throw the casino out of business, expect plenty of deep-pocketed players to take their chances.