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4 September 2024
The Gaming Inspection and Coordination Bureau (DICJ) of Macau has launched an investigation into unlicenced individuals conducting activities similar to VIP gaming promoters, known as junkets. According to a report by GGR Asia, the regulator discovered these unlicenced agents during routine inspections of casinos in the city.
Unlicenced Gaming Activities
The DICJ did not specify the exact timing or locations of the latest checks, but it is understood that the inspections aimed to oversee operations in VIP and mass gaming areas. The bureau sought to prevent illegal activities such as "multiplier" bets and unauthorised revenue-splitting arrangements in VIP rooms. Additionally, the checks verified whether individuals providing gaming intermediary services held valid licences.
The "multiplier" practice involves privately arranged agreements where the value of a bet is multiplied multiple times, circumventing the 40-per cent tax on gross gaming revenue in Macau. The regulator identified individuals performing roles akin to gaming promoters without holding the necessary licences and has launched investigations into these activities.
Increased Scrutiny and Sanctions
In recent months, the DICJ has intensified scrutiny and imposed sanctions on unlicenced gaming agents. Those identified have faced casino entry bans and fines.
Ensuring Compliance and Legal Enforcement
Macau authorities are stepping up efforts against illegal activities. Earlier this month, police forces from Guangdong, Hong Kong, and Macau arrested 93 individuals for illegal sports betting. Moreover, police discovered the syndicate utilised overseas servers to host websites for betting on football and basketball games.
The DICJ's efforts to clamp down on unlicenced gaming agents highlight the importance of regulatory compliance in the casino industry. By enforcing strict measures and monitoring activities closely, the regulator aims to maintain the integrity of Macau's gaming sector and prevent unlawful practices.
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Live! Casino & Hotel Louisiana Celebrates Milestone with Grand Topping-off Ceremony
The Cordish Companies recently held a topping-off ceremony for the highly anticipated Live! Casino & Hotel Louisiana, marking a new milestone in the construction of the first land-based casino in the Shreveport-Bossier market.
Located in Bossier City, directly across from Shreveport, this $270 million (approximately €248.7 million) project is poised to become a major entertainment and economic hub upon its completion in Q1 2025.
Workers Guiding a Crane Operator in Lifting the Final Beam during the Topping-off Ceremony for Live! Casino & Hotel Louisiana in Bossier
"Today marks a special day for The Cordish Companies," said Rob Norton (pictured above), president of Cordish Gaming Group. "Live! Casino & Hotel will be a transformative development that will bring a first-class gaming and entertainment experience to millions of visitors, create significant new jobs, and generate millions of dollars in economic benefits for the community for generations to come."
The casino will boast over 47,000 square feet of gaming space, featuring 1,000 slots and electronic table games, 40 live table games, and a sportsbook. Beyond the gaming floor, the luxurious 550-room hotel will provide guests with a resort-style experience, complete with a pool, fitness centre, and on-site dining options.
The Project is Expected to Generate Approximately 1,500 Jobs
In addition to construction positions, the project is projected to create permanent roles within the casino and hotel. Additionally, Live! Casino & Hotel Louisiana is expected to bring higher tax revenue for both Bossier City and the State of Louisiana.
"It's going to be a game-changer for Bossier City," Norton remarked. "We are celebrating the ceremonial last piece of steel to be placed into the construction project. This ceremony is an important launching off point that says we're really not that far away from opening."
Prettyman Takes the Helm at Live! Casino & Hotel Louisiana
Just recently, Cordish Gaming Group appointed Bryan M. Prettyman as Senior Vice President of Property Operations for the upcoming Live! Casino & Hotel Louisiana. A seasoned leader with over 36 years in the gaming and resort industry, Prettyman brings a wealth of experience to this new role.
At Live! Louisiana, Prettyman will leverage his experience to develop and implement operational strategies for hotel, food & beverage, security, and facility management.
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