Southern California Casinos Locked in $3B Battle

The fight for control of the Southern California casino market is heating up, with three major players vying for a piece of the $3 billion pie.

Industry giants Harrah's, MGM and Caesar's are all jockeying for position in what is expected to be a hotly contested battle for supremacy.

The key battleground is the Los Angeles area, where all three companies have a presence.

Harrah's is the market leader, boasting 10 casinos in the LA area. MGM has six casinos in the region, while Caesar's has four.

In addition to their existing properties, all three companies are planning to open new casinos in the near future.

Harrah's is set to open a $365 million casino in Inglewood next year, while MGM is planning a $1.4 billion casino complex near LAX. Caesar's is also planning a new casino, budgeted at $1 billion.

So who will come out on top?

It's difficult to say at this point, but industry experts expect the competition to be fierce. Each company has its own strengths and weaknesses and it will likely come down to who can offer the best customer experience.

Pennsylvania Casinos Eye Big 7 Gambling Expansion

On the heels of a big win in the U.S. Supreme Court, casino operators in Pennsylvania are looking to expand gambling options beyond the borders of the state.

According to local media reports, leaders in the gaming industry are looking to allow table games like blackjack and poker at existing casinos, as well as approve new locations for casinos around the state.

This news comes as a bit of a surprise after lawmakers in Pennsylvania failed to pass legislation that would have legalized online gambling within the state. That measure was seen as a key step in expanding casino gaming options within Pennsylvania.

Now it seems that the casino industry is looking to make up for that lost opportunity by pushing for expanded gambling at physical locations.

There is some opposition to this expansion, however. Some lawmakers and casino watchdog groups argue that expanding gambling will lead to more addiction and social problems. They also claim that it will cannibalize revenue from existing casinos, leading to job losses and reduced tax revenue for the state government.

Supporters of expanded gambling argue that it will create jobs and generate income for the state government. They also say that it will attract more tourists to Pennsylvania, boosting the economy overall.

The final decision on whether or not to expand gambling in Pennsylvania will likely come down to the state legislature. Lobbyists for the casino industry are already hard at work trying to get their preferred legislation passed into law.

Las Vegas Casino Firms Ready for European Big 7 Expansion

Las Vegas casino firms are preparing for a major European expansion, as they eye opportunities in the United Kingdom and other countries that have relaxed gambling laws.

MGM Resorts International is among the companies bullish on Europe, and it announced in January plans to open a new casino in Birmingham, England. The $1.2 billion project will be the company's first casino resort outside of the U.S.

Wynn Resorts is also moving ahead with plans for a new property in London. CEO Matt Maddox said in February that the company was considering "a number of opportunities" in Europe, including projects in Germany and Spain.

The two firms are not alone in their interest in Europe; several other major casinos operators are eyeing similar moves.

What's Driving the Expansion?

Europe is a tantalizing market for casinos operators for a few reasons. First, gambling laws are starting to loosen up across the continent, opening up new opportunities for casinos. In addition, Europeans are increasingly traveling to Las Vegas and other gaming destinations, providing a potential customer base for new properties.

Finally, rising income levels and increasing tourist arrivals are making Europe an attractive market for casinos. The U.K., France and Spain are all seeing strong tourism growth, and that trend is expected to continue in the years ahead.

What Does This Mean for Las Vegas?

The expansion by MGM and Wynn is good news for Las Vegas, as it helps solidify its position as the preeminent gambling destination in the world. With two of the biggest casino firms focusing attention on European markets, other operators are likely to follow suit, expanding both the reach of Las Vegas casinos and the overall size of the industry.

Global Gaming Expo: Asian Operators Eyeing Big 7 Bet

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In the last few years, the global gaming industry has undergone a massive transformation with the entry of new players and significant growth in Macau and Singapore. The Global Gaming Expo (G2E) Asia – organized by Reed Exhibition Companies, a division of RELX Group – is Asia's largest and most prestigious gaming and entertainment exhibition and conference. Held in Macau every year, the four-day event attracts more than 14,000 participants from over 70 countries, including casino operators, suppliers, regulators, investors, and other industry professionals.

The 2019 edition of G2E Asia was held from May 14-17 at the Venetian Macao Resort Hotel. This year's show was dominated by discussions on blockchain technology and its potential implications for the gaming industry. While a number of Chinese gaming firms are already exploring the use of blockchain technology, most international operators are still waiting to see how things play out before deciding whether to invest in this technology.

According to research firm TechInAsia, the global blockchain market is expected to grow from $856 million in 2018 to $10.6 billion by 2025. This presents a huge opportunity for the gaming industry, which can leverage blockchain technology to improve transparency and trust among players. For example, online casino games can be built on a blockchain platform that allows players to verify game outcomes and ensure that they have been fairly dealt with.

Another key focus at this year's G2E Asia was Asian operators' growing interest in the Japanese gaming market. Japan legalized casino gambling in 2016 and is now seen as one of the most lucrative markets for casino operators. According to industry research firm H2 Gambling Capital, Japan is expected to become the world's second-largest gambling market after China by 2023.

The Japanese government is currently working on finalizing regulations for casino resorts and is expected to award licenses in late 2020 or early 2021. A number of leading Asian casino operators are vying for a license in Japan, including Galaxy Entertainment Group Ltd., Wynn Resorts Ltd., MGM Resorts International, Las Vegas Sands Corp., Melco Crown Entertainment Ltd., and SJM Holdings Ltd.

While fresh opportunities abound in Japan and other Asian countries, established markets such as Macau and Singapore continue to be major drivers of growth for the global gaming industry. In 2018, Macau's gross gambling revenue increased by 18% year-on-year to reach a new high of $38 billion. This was largely due to continued growth in VIP gambling revenues, which account for more than 60% of total gambling revenues in Macau. Singapore also saw healthy growth last year with gross gambling revenue increasing by 7% year-on-year to reach $5.9 billion. This was driven by strong growth in both the Mass Market segment (iGaming) and the Premium Mass Market segment (non-gaming).

Macau Casino Firm To Launch Big 7 Online Casino Site

The Macau casino firm Galaxy Entertainment Group Limited will soon be launching their new Big 7 online casino site. The site, which is currently in beta testing, will offer a wide variety of games, including slots, table games, and live dealer games. Operated by the well-known online gaming company Playtech, Big 7 is expected to be one of the most popular online casinos in the region.

Galaxy Entertainment Group has been active in the Macau casino market for many years, and has a number of successful properties there. The group is looking to replicate its success in the online gambling world with Big 7 Casino. The new site will offer players a wide range of games, including some of the most popular titles from Playtech. These include titles such as Age of the Gods slots, Iron Man 3 slots, and Gladiator slots.

Players at Big 7 Casino can also enjoy table games such as blackjack and roulette, as well as Live Dealer games with real life dealers streamed directly to their computer or mobile device. With 24/7 customer support and a wide range of payment methods available, Big 7 Casino is set to be a major player in the online gambling market.