The plan to open The Drew Las Vegas as the newest casino resort in southern Nevada has reportedly taken another blow following news that its owner has sold the under-construction property owing to a coronavirus-related downturn in its finances.
According to a Thursday report from the Las Vegas Review-Journal newspaper, Witkoff Group LLC spent approximately $600 million some 43 months ago in order to buy the half-finished Las Vegas Strip development that was to be known as The Fontainebleau. The New York City-headquartered firm purportedly had plans to finish construction so as to premiere its new-look The Drew Las Vegas complete with a 3,780-room hotel and a 95,000 sq ft casino by the end of 2020.
Coronavirus casualty:
However, the newspaper reported that this timeline was later scuppered as the coronavirus pandemic devasted Las Vegas’ main economic driver, tourism, and left the firm looking around for someone to take the 24.5-acre site off of its hands. Headed by American real estate mogul Steve Witkoff, the developer was purportedly known to have secured roughly $2 billion in outside financing from the likes of a subsidiary of Hyundai Motor Group and South Korean casino operator Kangwon Land Incorporated to help it complete the grandiose undertaking.
Latest landlords:
Nevertheless, the Las Vegas Review-Journal reported that Witkoff Group LLC has now offloaded the planned $2.5 billion project for an undisclosed amount to a consortium consisting of the real estate unit of American multinational Koch Industries Incorporated and Florida entrepreneur Jeffrey Soffer (pictured). This latter individual is purportedly in charge of Miami-based Fontainebleau Development, which had begun the ill-fated The Fontainebleau project way back in 2005.
Fuzzy future:
Jake Francis serves as President for Koch Real Estate Investments and he reportedly disclosed that his firm will now hold a 75% stake in the long-stalled Las Vegas project but declined to give details as to what the future may hold for the 63-story property.
Reportedly read a statement from Francis…
“We believe strongly in the Las Vegas market and see the property as a great opportunity to contribute to the long-term success and positive trajectory of this vibrant and innovative region.”
Calculating contingencies:
For his part and Brett Mufson, President for Fontainebleau Development, reportedly told the Bloomberg news service that his firm had originally hoped that the $2.8 billion The Fontainebleau would serve as a sister venue to its luxury Fontainebleau Miami Beach property. Nonetheless, he too purportedly declined to comment on what the new owners now intend to do with the blue-tinted skyscraper or whether they will stick to the original plan of using the site to host a world-class casino resort.
Mufson reportedly told Bloomberg…
“We’re currently evaluating all of our options and looking forward to being part of the advancement of the world-class Las Vegas entertainment industry.”
The provisional opening date for the €550 million ($668 million) integrated casino resort being built in Cyprus by Melco International Development Limited has reportedly been pushed back by over nine months to the autumn of next year.
According to a Wednesday report from the Financial Mirror newspaper, construction on the giant City of Dreams Mediterranean development began in June of 2018 in hopes that the five-star facility would be able to start welcoming guests to its 500 rooms by the end of this year. The source detailed that the finished Las Vegas-style development is destined to be the largest of its type in Europe and come complete with a spa, a gym and meeting and conferencing facilities alongside a 1,500-seat theater and an 80,720 sq ft casino offering a selection of over 80 gaming tables and approximately 1,000 slots.
Devastating delay:
However, the newspaper reported that construction of the 16-story property for the Limassol suburb of Tserkezoi was paused for over seven weeks last spring as Cyprus struggled to come to terms with the coronavirus pandemic. Work only resumed in May with progress purportedly being subsequently hampered by a strict set of social distancing guidelines issued by the island nation’s Ministry of Labour, Welfare and Social Insurance, Department of Labour Inspection and the Medical and Public Health Services division of its Ministry of Health.
Transformed target:
The Financial Mirror reported that news of the delay was relayed by the Vice-President for the Cyprus Gaming and Casino Supervision Commission, Phidias Pilides, during a Tuesday meeting of the House of Representatives’ Finance Committee. The official purportedly explained that Hong Kong-listed Melco International Development Limited has now laid out a detailed post-pandemic construction timeline that is expected to see its City of Dreams Mediterranean development open before the winter of 2022.
Considerable consequences:
Melco International Development Limited is the parent of Asian casino giant Melco Resorts and Entertainment Limited and was granted a 30-year license in 2017 that gave it the right to bring casino gambling to Cyprus. The firm subsequently opened its temporary C2 Limassol venue before premiering smaller ‘satellite’ facilities in the nearby communities of Nicosia, Larnaca, Ayia Napa and Paphos, which Pilides pronounced have recently seen revenues decrease owing to temporary coronavirus-related shutterings and an associated drop in tourism nationwide.
อุตสาหกรรมคาสิโนออนไลน์กำลังเติบโตและแพร่กระจายไปยังอุปกรณ์ต่างๆเพื่อความสะดวกยิ่งขึ้น ในขณะที่อุตสาหกรรมการพนันบนมือถือเริ่มต้นได้ดีเมื่อไม่กี่ปีที่ผ่านมามีปัญหาบางอย่างที่ต้องแก้ไข หนึ่งคือความยากลำบากในการเข้าถึงแอปการพนันที่เหมาะสมเนื่องจากข้อ จำกัด ด้านกฎระเบียบและการพิมพ์อย่างละเอียดบนอุปกรณ์ ผู้เล่นมือถือสามารถพอใจได้เนื่องจาก Play Store ของ Google เพิ่งยกเลิกการแบนแอปการพนันในกว่า 12 ประเทศ Google Lifts Ban on Gambling Apps การพนันบนมือถือไม่ใช่วิธีใหม่ในการเล่นเกมคาสิโนออนไลน์ แต่แอปการพนันถูกห้ามในประเทศส่วนใหญ่ แอพบางตัวมีให้ใช้งาน แต่สำหรับผู้เล่นโดยทั่วไปแล้วสิ่งนี้หมายถึงกระบวนการดาวน์โหลดที่น่าเบื่อกว่า การอัปเดตนโยบาย Google Play Store ของ Google ล่าสุดได้ยกเลิกการห้ามแอปการพนันใน 15 ประเทศ ซึ่งหมายความว่าเมื่อประเทศต่างๆเติบโตขึ้นคุณจะสามารถดาวน์โหลดแอปคาสิโนออนไลน์บนมือถือที่คุณชื่นชอบได้โดยตรงจาก Google Play store จากการอัปเดตนโยบายใหม่การแบนแอปการพนันจะถูกยกเลิกใน 15 ประเทศตั้งแต่วันที่ 1 มีนาคม 2021 รายชื่อประเทศ ได้แก่ เยอรมนีเม็กซิโกโรมาเนียฟินแลนด์นิวซีแลนด์นอร์เวย์ออสเตรเลียโคลอมเบียแคนาดาเดนมาร์กสวีเดนสเปนและสหรัฐอเมริกา เมื่อนโยบายมีผลบังคับใช้นักพัฒนาจะสามารถเผยแพร่เกมคาสิโนออนไลน์หวยลอตเตอรีกีฬาและแอปกีฬาแฟนตาซีรายวัน นโยบายการพนันด้วยเงินจริงการเล่นเกมและการแข่งขันที่อัปเดตถือเป็นประโยชน์อย่างหนึ่งสำหรับทั้งผู้ใช้และนักพัฒนาซอฟต์แวร์ โปรดทราบว่าแม้ว่าการห้ามจะถูกยกเลิกกฎระเบียบการพนันในปัจจุบันของประเทศจะมีผลต่อแอปที่อนุญาตใน Google Play Store บางประเทศมีกฎและข้อบังคับที่เข้มงวดกว่าประเทศอื่น ๆ เมื่อพูดถึงกิจกรรมการพนันออนไลน์ ในบางประเทศอนุญาตเฉพาะแอปลอตเตอรีเท่านั้น แต่ในสหราชอาณาจักรข้อ จำกัด จะแตกต่างกันไปในแต่ละรัฐ ดังนั้นนักพัฒนาแอปควรทำการตรวจสอบอย่างละเอียดก่อนปล่อยแอป ผู้ประกอบการที่ต้องสมัครผู้เล่นไม่ควรคาดหวังว่าจะมีแอพใหม่ ๆ ที่สามารถดาวน์โหลดได้ไหลบ่าเข้ามาจำนวนมากหลังจากที่มีการยกเลิกการแบน เช่นเคย Google ปฏิบัติตามขั้นตอนการสมัครที่เข้มงวดซึ่งนักพัฒนาซอฟต์แวร์ทุกคนต้องปฏิบัติตาม หากแอปพลิเคชันประสบความสำเร็จจะโหลดลงใน Play Store ในระหว่างขั้นตอนการสมัครนักพัฒนาซอฟต์แวร์จะต้องตรวจสอบให้แน่ใจว่าแอปได้รับอนุญาตภายใต้กฎระเบียบการพนันปัจจุบันของประเทศที่ขาย วิธีนี้ช่วยให้ Google อยู่ในด้านที่ถูกต้องของกฎหมายและป้องกันไม่ให้มีการโปรโมตแอปที่ผิดกฎหมายใน Google Play Store ด้วยแอปที่ดาวน์โหลดได้จาก Google Play Store ผู้ให้บริการจึงมีโอกาสเข้าถึงผู้ใช้มากขึ้นและขยายตลาดเป้าหมาย นอกจากนี้ยังเพิ่มโอกาสมากมายให้กับ บริษัท ในเครือของแบรนด์คาสิโน การห้ามแอปการพนันบน Google Play Store จะถูกยกเลิกในวันที่ 1 มีนาคมเท่านั้นดังนั้นจึงไม่มีการวางแผนเพิ่มเติมใหม่จนกว่าจะถึงเวลานั้น
The online casino industry impresses with the constant improvement, updates and high-quality games created in record times.
Online slots are a popular game type within the industry that comes in various styles, shapes and sizes.
Progressive jackpot slots steal the spotlight when it comes to creating millionaires from lucky gameplay sessions.
Here are 5 real money slots that are known for creating millionaires – and the lucky punters who’ve claimed big rewards.
Hall of Gods
NetEnt is one of the leading software developers when it comes to creating popular progressives.
Hall of Gods is an exciting progressive slot they offer with an entertaining Nordic theme. The slot is extremely lucrative and has created several winners, paying out wins of more than €6 million each.
The biggest win recorded on this slot was a whopping €7,820,888 paid out to a Norwegian player!
Hall of Gods is a 5 reels, 3 rows and 20 paylines video slot. The casino games has various fun features including expanding wilds and free spins. To get your hands on Nordic treasures and progressive wins, you need to land 3 bonus symbols to launch the bonus game. Find 3 matching jackpot symbols and you could be the next instant millionaire!
Mega Fortune
Mega Fortune used to be the top progressive jackpot game on the market. The game remains popular today but shares the spotlight with its sequel. The slot has all the glitz and glamour of Hollywood combined with luxury spoils scattered across the reels.
Mega Fortune is a 5 reels, 3 rows, and 25 paylines low variance slot powered by NetEnt. The slot comes with a jackpot bonus feature where you spin a tiered Jackpot wheel. The prize amounts will continue to increase with each step you take closer to the centre featuring the Mega Jackpot.
Mega Fortune has paid out big amounts with the largest to date being an impressive €17,861,800 won from a €0.25 bet.
Mega Moolah
Of all the progressives available online, Mega Moolah has got to be one of the most promising. This video slot has created plenty of millionaires since it was first introduced to online casino players.
To date, Mega Moolah has paid out more and created more millionaires than any other jackpot slot.
It awarded a record-breaking win of €18,915,872.81 to an anonymous player in October 2018. The player struck this mega win from a simple €0.75 bet via his mobile device. The record shows that Mega Moolah has paid out over €1 billion in winnings.
Mega Moolah is a 5 reels, 3 row and 25 paylines video slot with 4 progressive jackpots. The Mini, Minor, Major and Mega jackpot can be triggered by the jackpot bonus game. The excitement builds as this bonus round can be triggered at random during your gameplay. All it takes is a single spin on the prize wheel to turn you into a Millionaire.
Joker Millions
Yggdrasil Gaming has put its name in the hat for creating its own rewarding progressive jackpot game. Joker Millions might appear to be a simple 5 reels and 25 paylines video slot with a classic fruit slot feel but it’s packed with modern delight.
The slot comes with re-spins, multipliers and the Jackpot Spin. The latter is where the millions are hidden. Trigger 5 joker symbols anywhere on the reels to get an instant win of up to 2,500 coins and watch the reels respin with the jackpot frozen in place. If all reels are filled with jackpot symbols in this Jackpot Spin you could be the winner of a life-changing payout.
To date, Joker Millions has created many instant millionaires with many winning players banking more than €3.1 million. In 2018, one lucky player struck a massive €7.8 million win playing the Joker Millions Slot!
Arabian Nights
This progressive is another jackpot slot powered by industry leader, NetEnt. It launched in 2005, has an Arabian theme taking you into the desert where millions can be won.
The slot is known for the millions it pays and has created a number of millionaires in the years since its launch. In 2010, a player struck a mighty €4.8 million jackpot win with another triggering a €1.9 million jackpot again in 2011.
Arabian Nights is a 5 reels, 3 rows and 10 paylines low to medium variance slot. It comes with free spins, multipliers, and big win potential.
Find your favourite progressive jackpot slot at one of these top online casinos!
In Australia and the Consolidated Press Holdings Proprietary Limited (CPHPL) vehicle of billionaire businessman James Packer has reportedly severed its boardroom ties with prominent casino operator Crown Resorts Limited.
According to a Tuesday report from the Australian Broadcasting Corporation, the investments enterprise holds a preeminent 36% stake in the casino firm although it has now nevertheless terminated the consultancy contract it held with Crown Resorts Limited non-executive director John Poynton.
Voluminous vacuum:
The broadcaster reported that Poynton was the last remaining CPHPL appointee left on the board of Crown Resorts Limited following the Tuesday resignations of fellow non-executive directors Guy Jalland and Michael Johnston. Although the experienced businessman is to remain on the Sydney-listed casino firm’s board, the move purportedly means that its largest shareholder now effectively has no direct representation.
Rapid response:
The Australian Broadcasting Corporation reported that CPHPL’s blow came only hours after a special inquiry being conducted by former New South Wales Supreme Court Judge Patricia Bergin had determined that the Melbourne-headquartered casino firm was currently unfit to hold a gambling license for its Crown Sydney development. This decision is purportedly now headed to the New South Wales Independent Liquor and Gaming Authority with its release having immediately sent the value of individual shares in Crown Resorts Limited down by some 9%.
Suitable step:
Philip Crawford (pictured) leads the New South Wales Independent Liquor and Gaming Authority and he reportedly told the broadcaster in advance of yesterday’s Johnston and Jalland resignations that Crown Resorts Limited would have to ‘blow itself up to save itself.’ When subsequently informed about the departures, he purportedly proclaimed that ‘somebody is listening to us and that’s really positive’ as the moves are destined to send ‘a big message to me and the media.’
Pertinent patience:
The Premier of New South Wales, Gladys Berejiklian, reportedly pronounced that the findings of the Bergin inquiry had been direct, thorough and clear and that she was now prepared to wait for specific recommendations and advice from the New South Wales Independent Liquor and Gaming Authority before proceeding further.
Berejiklian reportedly told the broadcaster…
“It’s all there in black and white and I’m sure both Crown Resorts Limited and any other organization will read that report carefully and accept what action has to occur before anybody is able to have a licence in New South Wales. Anybody who wants to operate a casino in New South Wales has to stick to the rules, has to stick to the law. The government doesn’t apologize for upholding those high standards.”
In Russia and the government for the Far Eastern province of Primorsky Krai has reportedly announced that it is to help casino operator NagaCorp Limited speed up construction on its $350 million Naga Vladivostok development.
According to a report from Inside Asian Gaming, Hong Kong-listed NagaCorp Limited is the firm behind Cambodia’s NagaWorld gaming complex and broke ground on its inaugural Russian facility in late-May of 2015. The source detailed that the envisioned venue located some 24 miles north of Vladivostok was originally due to open by the beginning of 2018 but had this timetable pushed back less than a year later after construction workers unearthed some archeological finds.
Multiple interruptions:
NagaCorp Limited subsequently encountered further delays caused by the ongoing coronavirus pandemic and now reportedly does not expect to begin welcoming guests to the $150 million first stage of its Steelman Partners-designed facility in the Primorye Integrated Entertainment Resort zone until later this year.
Official assistance:
To help prevent any additional setbacks and the jurisdiction’s Tourism Director, Konstantin Shestakov, has now reportedly divulged that the next few months are to see his office expedite the granting of permits for any foreigners working on the 279-room Naga Vladivostok. He purportedly moreover explained that NagaCorp Limited has so far constructed about 60% of the property’s eleven-story first phase at a cost of approximately $84 million and hopes to begin welcoming guests to the development’s casino, hotel, concert hall and water park by the end of June.
Reportedly read a statement from Shestakov…
“Due to the situation with coronavirus, Naga Vladivostok was unable to bring in workers from its Chinese contractors. We hope that with the support of the government along with the stabilization of the situation in the world, NagaCorp Limited will be able to complete construction of this wonderful facility.”
Expanding entertainment:
Already home to the 121-room Tigre de Cristal facility from Hong Kong-listed Summit Ascent Holdings Limited, the Primorye Integrated Entertainment Resort zone welcomed the $45 million first stage of the Shambala Casino from local concern Shambala CJSC in October. The 1,530-acre precinct is one of only five disparate areas in Russia where casino gambling is permitted and could soon reportedly also play host to a $270 million Las Vegas-style venue from Diamond Fortune Holdings by the start of 2023.
