thunder valley casino sports betting(Image: Flickr)Comments this week from MGM China CEO Grant Bowie relayed by Asian gaming media outlet GGRAsia reveal the executive believes the festivities and the numerous activities planned around the region could tie up casino hotel rooms and therefore result in a reduction in gross gaming revenue (GGR).“There are a lot of activities going on, but at the same time, some of the official engagements might mean that some of the visitation may actually go down because of such an important time in Macau’s history,” Bowie opined.December 20 marks the 20th anniversary of Portugal returning the Special Administrative Region (SAR) to the People’s Republic of China. Macau’s Lotus Square will be the main stage for the enclave’s 20th anniversary in December. Macau’s Lotus Square will be the main stage for the enclave’s 20th anniversary in December. clearwater casino reservationsBut policymakers in the Commonwealth appear to be loosening up on that front. Though controversial, historical racing machines, a horse racing game similar to a slot machine, have found a receptive audience there and are generating tax revenue for the state and cities.Earlier this year, lawmakers introduced several bills aimed at expanding casino gaming in the Old Dominion State. Macau is officially in a recession following two consecutive quarters of gross domestic product declines, and that’s expected to run through the end of the year.I’m still very positive regarding 2020,” Bowie explained. boomtown casino in harvey

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island view casino ownerSome hurdles include lack of bipartisan support for some legislative efforts, and that the Virginia constitution would need to be amended to approve more gaming venues, something that can only happen by way of a voter referendum.Policymakers are currently studying proposals that would bring casinos to Bristol, Danville, and Portsmouth, as well as the Pamunkey Norfolk plan and a separate proposal by the tribe to open a gaming property in the state capital of Richmond.Norfolk: A Big DealA voter referendum on gaming expansion in Virginia would not happen until 2021 at the earliest, meaning the Pamunkey Tribe could not get a Norfolk casino opehollywood casino kansas city mon before 2022.Norfolk is home to nearly 243,000 residents and one of the largest Navy bases in the US, making it a potentially alluring site for a casino.The Pamunkey Tribe is pitching plans for 3,500 to 4,500 slot machines and up to 225 table games at its proposed venue. But policymakers in the Commonwealth appear to be loosening up on that front. China President Xi Jinping is scheduled to be in attendance.2020 OutlookAlong with discussing the upcoming anniversary and its potential impact on GGR in December, Bowie talked about his optimism for next year. desert diamond casino ceo“When we talk about this going to a tribal option, this becomes Vatican City in the city of Norfolk — wholly owned by the tribe forever and ever.”Other council members want revenue from the casino to be dedicated to just three uses – education, flood preparations, and sea level rise.Virginia Gaming LandscapeHistorically, Virginia has been one of the more restrictive states when it comes to gaming expansion. Macau’s six licensed casino operators have won .5 billion January through August, but that’s a nearly two percent decline.The ongoing trade war between the US and China, and the latter’s slowing economy, has presented difficulties for the enclave. Macau is officially in a recession following two consecutive quarters of gross domestic product declines, and that’s expected to run through the end of the year.I’m still very positive regarding 2020,” Bowie explained. oxford casino ox pub menu

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lake tahoe biltmore casinoThe mass market has largely offset those GGR losses, and casinos continue to diversify their amenities and attractions to a wider demographollywood casino kansas city mohic.Macau’s next chief executive, Ho Iat Seng – who will assume the position during the December 20 celebration – is expected to promote the “one country, two systems” arrangement between Macau and China.Unlike his predecessors, Ho has no direct ties to the gaming industry, but has been a close ally of Beijing’s for many years. The 20th Macau anniversary celebration this December to commemorate the enclave’s return to China could impede general tourism and subsequently hurt casino revenues. “I think when we get through all of these challenges and we have some clarity, and the business starts to improve, I think Macau gaming will continue to grow.”“There’s a lot of global challenges going on and Macau is not separated from those challenges,” the MGM executive concluded.New MacauThe importance of VIP play has been reduced in recent years, as the mainland government cracked down on junket groups that cater to the high roller segment. The 20th Macau anniversary celebration this December to commemorate the enclave’s return to China could impede general tourism and subsequently hurt casino revenues. “When we talk about this going to a tribal option, this becomes Vatican City in the city of Norfolk — wholly owned by the tribe forever and ever.”Other council members want revenue from the casino to be dedicated to just three uses – education, flood preparations, and sea level rise.Virginia Gaming LandscapeHistorically, Virginia has been one of the more restrictive states when it comes to gaming expansion. China President Xi Jinping is scheduled to be in attendance.2020 OutlookAlong with discussing the upcoming anniversary and its potential impact on GGR in December, Bowie talked about his optimism for next year. slot machine casino game