chukchansi casino weddingToday, the Strip is home to Macau’s most luxurious and profitable resorts including City of Dreams, Galaxy, Studio City, Parisian, and Wynn Palace.MGM Resorts, one of Macau’s six licensed casino operators, intended to follow the trend in moving from the downtown area of the special enclave to Cotai, but delayed such plans as the Chinese government began cracking down on VIP junkets in late 2014, just a year after MGM Cotai was announced.People’s Republic President Xi Jinping’s crusade against the alleged illegal flow of money from the mainland through the tax haven of Macau led to casino revenues plummeting from billion in 2013 to .9 billion in 2016.But last year sapoker plaques casino royalew Macau’s first gaming year-over-year percentage win since the junket business suppression. While it’s true that all transactions are recorded in an open distributed ledger which makes every single transaction completely transparent and traceable by anyone, it’s still possible to create a new bitcoin address without the need to verify your identity, as you must with a bank account.Bitcoin Plunges on Asian ClampdownMeanwhile, the price of bitcoin, so ascendant of late, plunged by 14 percent this week, largely on the news that the People’s Bank of China was moving to clamp down on its bitcoin miners.The bank is seeking to limit the amount of electricity they can use following concerns about excessive energy consumption and the potential financial risk to Chinese citizens.Chinese bitcoin miners currently produce about two thirds of the world’s biggest cryptocurrency.Bitcoin tumbled further on Thursday when South Korean authorities announced they were preparing legislation to ban cryptocurrency trading.Dragon’s Teething PainsLast year, Macau-based gaming company Dragon Corp revealed its plan to “integrate blockchain into the world’s biggest gambling hub” through an initial coin offering for its new digital currency. When first envisioned in 2013, Macau’s MGM Cotai was slated to open in early 2016. casino grade poker tableSo perhaps it’s only fitting that while the casino will open for business on January 29, the property’s official grand opening is being delayed until February.In a recent announcement of the festivities by MGM China, MGM Resorts’ Asian holdings arm, the company revealed a sort of soft opening for later this month. Gaming analysts believe that, paired with a return in VIP traffic, has Macau positioned to generate further growth this year, and potentially set a new annual gross gaming high in 2But its plans were thrown into disarray when the South China Morning Post reported the mysterious presence of notorious former Triad boss “Broken Tooth” Wan Kuok-koi turned up to Dragon Corp’s signing ceremony with its technology partner.“I think it’s true to say that certain very colourful characters previously associated with the negative side of gambling, particularly here in Macau, have shown an interest in cryptocurrencies, and understand the opportunity it presents to avoid borders when seeking to make cross-border transactions,” said Vickers.morongo casino directions

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