Miami Beach Pushes Back Against Casinos, Approves Two Ordinances to Block Gambling

Miami Beach Pushes Back Against Casinos, Approves Two Ordinances to Block Gambling

Miami Beach is going to make it extremely hard for a casino to take a foothold in the seaside island city. Late the other day in a special conference, the city commission voted unanimously in support of two ordinances that would ban all future efforts to get gambling into Miami Beach.

Miami Beach won’t be welcoming a casino to its shores any time in the future, as new city ordinances will block gambling projects from moving forward.

Though politicians in Tallahassee failed to reach a new gaming compact with the powerful Seminole Tribe during the 2017 legislative calendar, the state senate’s consideration of expanding gambling and authorizing commercial casinos in Southern Florida has spurred local governments towards taking their very own proactive measures.

Miami Beach first voted in early May to talk about adopting new land-use regulations that bar gambling venues within town limitations. May 13, the payment ratified two ‘future land use element’ chapters that mandate that ‘All casino and gambling operations … are hereby forbidden in any land usage category within the City of Miami Beach.’

No Miami (Beach) Vice

Miami Beach is famed for the Art Deco roads, scantily-attired sunbathers, and nightlife that is flashy. Nevertheless when it concerns gambling, it’s no dice for South Beach residents and site visitors.

The commission cited several reasons for voting to block future gambling p Continue reading “Miami Beach Pushes Back Against Casinos, Approves Two Ordinances to Block Gambling”

Distressed SLS Las Vegas, Former Sahara, Sold to Reno Resort Owner

Distressed SLS Las Vegas, Former Sahara, Sold to Reno Resort Owner

SLS Las Vegas has been sending out SOS signals from the time it underwent a $415 million renovation less than 36 months ago. The former famed Sahara Hotel and Casino had been turned as a sleek and resort that is modern’s abbreviated moniker stood for ‘Style, Luxury, Service.’

The blob that is happy might be somewhat sad after learning SLS Las Vegas has been offered.

It did not work. This week, the Meruelo Group, a California-based holdings company that has the Grand Sierra Resort and Casino in Reno, announced it had been acquiring SLS Las Vegas for a price that is undisclosed Stockbridge Capital Partners.

‘ This will be a when in a lifetime possibility to acquire a premier gaming home on the world famous Las vegas, nevada Strip,’ Meruelo Group Chairman Alex Meruelo said in a statement.

The privately held Meruelo Group portfolio includes banking and financial services, hotels, food establishments, and a Spanish-language television station in Los Angeles in addition to its Reno casino and future stake in Las Vegas.

Storied History Disrupted

SLS was envisioned by Sam Nazarian, whose father made the family members’s fortune from being an early investor in Qualcomm.

Though Nazarian’s business, SBE Group, had no expertise in purchasing or operating a resort that is major it bought the Sahara in 2007, along side Stockbridge, for somewhere between $300 and $400 million.

Roughly five years later on, the resort that ho Continue reading “Distressed SLS Las Vegas, Former Sahara, Sold to Reno Resort Owner”

Japan Casinos Look at ID Card Monitoring to Limit Locals’ Gambling Forays

Japan Casinos Look at ID Card Monitoring to Limit Locals’ Gambling Forays

Japan might not opt for the ban that is outright its citizens visiting casinos, instead selecting a policy of monitoring and restricting the regularity of their visits.

The Japanese, like many Asian cultures, are known to enjoy a bet or two, but can a new my number id card really control who bets and exactly how often when casinos start there?

Having passed away the Integrated Resorts Bill in December year that is last which paves the way for casinos in the united kingdom, Japanese politicians are now engaged in discussions on how to regulate their future gaming market. There has been speculation that concerns about problem gambling would lead them to adopt a casino ban for locals, mirroring the operational system that exists in countries like Thailand and Malaysia.

This week of Integrated Resorts Promotion Secretariat, a panel of experts advising the government on how best to roll out casino gaming, it was suggested that Japan’s recently introduced identity card system could allow casino operators to know exactly who was in the casino and what they were up to at a meeting.

It would also allow Japan’s soon-to-be-established casino regulator to keep player-tracking records to monitor player behavior.

Just What’s Your Number?

The federal government introduced the ‘My Number’ identity card system this past year, which allocates a twelve-digit number to all Japanese citizens and international residents Continue reading “Japan Casinos Look at ID Card Monitoring to Limit Locals’ Gambling Forays”