Category: Category 1

UK Horse Racing Levy Reforms Clear Final Hurdle

Uk horse race has gotten a good start through the European Commission, which on Friday gave full approval on the UK government’s reforms of this sport’s central funding system.

UK activities minister Tracey Crouch thinks the levy that is new make sure gambling reforms pay a fair return to support horse race, but the bookies argue they currently help it through sponsorship deals.

All bookmakers will be required to pay a ten percent levy on all gross profits derived from betting on British horse racing above a $500,000 ($640,000) threshold under the new system.

Beneath the system that is previous which has been doing existence since 1961, just betting firms based in the UK had been required to contribute to funding, however now the levy will apply to all companies that offer wagers on British racing, including including on- and off-course bookmakers, betting exchanges and spread betting companies.

The vast majority of wagering websites, also those owned by Uk household-name brands like Ladbrokes and William Hill, are based overseas.

‘This move will assist secure the future of horse racing in Britain by making yes that gambling companies pay a return that is fair support the sport,’ said sports minister Tracey Crouch, whose department is behind the reforms.

‘Horse racing possesses heritage that is strong this country, employing tens of thousands of individuals and is enjoyed by many virtually every day of the year. This new approach to the Horserace Betting Levy can help sustain and develop the activity.’

Long-term Certainty

The horse industry that is racing the new levy will help develop a stable long-term funding process for the activity. BHA chief executive Nick Rust said that it shall allow racing to secure ‘a reasonable return’ from gambling organizations.

The newest deal will improve reward money and supply extra capital for anything from rushing integrity to equine welfare and science that is veterinary.

‘We anticipate working closely with bookmakers to build an exciting future for both our industries,’ Rust said.

‘ The brand new levy has the potential to put an end to unnecessary divisions between race and wagering as it makes a level playing field, removes the need for annual negotiations on the rate and provides long-term certainty for both parties.’

Dissenting Voices

But the betting industry, which lobbied for the lower levy, states it already contributes handsomely towards the racing industry through sponsorship discounts.

It is also resents the old Levy Board, on which it had representation, will be replaced by a new race payment, on which it currently has none.

‘As one of the major contributors to the levy we would hope that multichannel representation that is betting form part of any new distribution body,’ stated William Hill’s Ciaran O’Brien.

‘It clearly makes sense for both industries to have an input into the way the funds are invested, otherwise an increase is represented by this move in taxation alongside an elimination of representation.’

Melco-Hard Rock’s Cyprus Casino Awaits Lift Off, Complete Approval Imminent

A Melco-Hard Rock consortium is set to bring casinos to the Republic of Cyprus.

On Friday, Cyprus’ Tourism Minister Giorgos Lakkotrypis announced the assessment process ended up being complete, and, pending ratification by the country’s cabinet, work will soon begin on the construction of a $550 million ‘Euro Casino’ resort into the town of Limassol.

An artist’s rendering of the Republic of Cyprus’ first casino resort, an effort that is joint Melco International developing and Hard Rock Resorts, to be completed in 2020. (Image: Melco-Hard Rock)

It shall be the republic’s first, not the island’s. Since Turkey invaded the north in 1974, Cyprus has been divided in to north and south, ethnically and politically Turkish and Greek, respectively, separated by a United Nations buffer zone.

There are several dozen casinos and gaming halls in the north, and also within the buffer zone it self, but casino gaming is brand territory that is new the south.

Secret Bidding Process

The republic enacted a bill to legalize casino gaming in 2015, creating one license to operate a casino that is single and lots of smaller satellite casinos. As being a major tourist that is european, competition was fierce, therefore the tender process curiously secretive.

The likes of Nagacorp, Boomberry, Genting, Caesars and Sun International were also in the running while the Cypriot government kept the names of bidders under wraps, it’s believed that, along with Hard Rock and Melco.

The consortium has said it expects to secure a 30-year certification agreement that enables it to operate a casino monopoly within the republic for the first 15 years.

It hopes to start a casino that is temporary Limassol in October 2017, while the task begins in the Euro Casino resort, which will be scheduled to open in 2020. The completed Euro Casino will boast 500 luxury rooms in hotels as well as least 100 video gaming tables and 1,000 slots.

System of Gaming Venues to Follow

The consortium claims which should the temporary casino in Limassol prove effective, it’ll consider opening a ‘network of gambling premises,’ including a casino in the divided capital city of Nicosia, supported by slot parlors in Paphos, Larnaca and Famagusta.

Lakkotrypis made the statement during the island’s travel and tourism exhibition, Taxidi 2017, as he discussed prepared improvements to your country’s tourism and travel sector.

A record number of site visitors are required this summer and he admitted investment in infrastructure was needed to avoid a few of the airport delays witnessed final year.

‘ Our goal that is ultimate well-thought-out, coordinated actions, is to enhance the quality and diversify our tourism product,’ he said. ‘To this end, we continue steadily to enrich our experience, for example by promoting opportunities in major projects such as golf courses, marinas and the integrated casino resort.’

Elvis Memorabilia Retained by Westgate Las Vegas, Nevada Despite Lawsuit From Icon’s Estate

The Elvis memorabilia that was part of an exhibit at the Westgate Las Vegas Resort isn’t being returned to the late icon’s estate in Memphis, Tennessee.

The former ‘Graceland Presents Elvis’ memorabilia inside the Westgate remains locked up in the resort regardless of the exhibit’s closure more than a ago year. (Image: Westgate Las Vegas)

‘Graceland Presents Elvis’ was an attraction that is short-lived the former International Hotel, an off-strip resort that hosted a huge selection of shows by the legend. The exhibit opened in of 2015, and closed the following February april.

The 28,000-square-foot display offered visitors the chance to view 350 items of Elvis memorabilia, the largest collection outside of Graceland. The artifacts included stage outfits, jewelry, letters, guitars, and other relics that were loaned to the casino from their property in Tennessee.

But with the display badly attended, Elvis Presley Enterprises threatened to abandon its lease that is 10-year agreement than the usual year after opening. Westgate, which claimed to have spent over $9 million in planning the room for the spectacle, subsequently closed the attraction and locked the memorabilia as ransom.

Despite a lawsuit filed in March of 2016 that wanted for the items to be returned, the Westgate has maintained their possession. ‘Everything is safe,’ Westgate COO Mark Waltrip said after ‘Graceland Presents’ closed.

While public address announcers usually had to inform fans hoping for an encore that ‘Elvis has left the building,’ his memorabilia isn’t quite so fast to produce an exit.

Do Not ‘Get Back to Sender’

The Elvis’ estate wanted to cancel the exhibit and bring the relics back to Tennessee after admission numbers failed to meet expectations, with both sides citing poor marketing and promotional efforts as the primary reason.

The arrangement between the Westgate and Elvis Presley Enterprises switched bitter when the resort Las that is successfully petitioned Vegas renaming Riviera Boulevard to Elvis Presley Way. The street connects Las Vegas Boulevard with Paradise Road where the Westgate sits eastern of the Strip. The famed Riv closed in 2015 and was demolished last year.

Elvis’ estate don’t want their likeness on a street title, especially one which may aid the Westgate in attracting people to its resort.

Final springtime, a judge stated Elvis Presley Enterprises could publish a $9 million relationship to recover its items. Rather, the estate and Westgate decided to take the full case to arbitration. A mediator is expected to issue an answer in the days that are coming.

Viva Elvis Presley

After a hiatus that is seven-year performing reside in favor of making Hollywood films, most of which had been decried by critics, one exclusion being ‘Viva vegas,’ Elvis Presley returned to Nevada for the residency at the newly exposed International Hotel in July of 1969.

Built by the late Kirk Kerkorian, Elvis performed 58 consecutive sold out shows, and lived in the resort’s penthouse suite on the floor that is 30th. He would go on to try out hundreds of concerts at the International, and was scheduled to go back in 1978 before his untimely death.

Aside from the nearby namesake street, Elvis’ presence today during the Westgate is basically nonexistent. It appears the resort has small curiosity about continuing to commemorate The King. The conclusion that is expected the memorabilia case will likely be his estate paying Westgate for those items in exchange for the termination of this rent agreement.

Graceland, Elvis’ mansion in Memphis, is the second-most home that is visited America behind just the White House.

Niagara Fallsview Casino Theatre Proposal Would Block Views of Falls

The Niagara Fallsview Casino Resort puts slots and table games simply actions from the most famous falls in North America, but a proposed 5,000-seat theatre being considered by the Ontario Lottery and Gaming Commission (OLG) is being panned by city officials and neighboring hotels.

The Niagara Fallsview Casino complex within the distance might soon hoist a new theater adjacent to its tower, and that has hotels behind the resort upset over sight lines to the falls. (Image: Niagara Fallsview Casino)

Owned by the OLG, the Niagara Fallsview Casino sits just north of the iconic tourist destination in the side that is canadian. The $1 billion complex, opened in 2004, is probably one of the most prominent features of the Horseshoe Falls skyline.

Though Niagara Fallsview has one high tower, the rest of the complex is relatively short in stature, at merely a few floors high. That’s to permit the numerous accommodations behind the casino to also have views of the falls.

But Niagara Fallsview’s 1,500-seat theatre is no longer adequate to accommodate A-list talent, and OLG is readying to create a 5,000-seat area. Three locations are increasingly being considered, one being on top of the bus terminal that acts the Niagara Fallsview complex.

Niagara Falls officials Mayor that is including Jim are opposing the bus terminal location. The city claims ‘the loss of rooms with views of the falls could have a economic impact on hotel income, and maybe value and evaluation that has an effect on the municipal tax base. in a report’

OLG Exempt From Rules

The waterfront area of Niagara Falls is afflicted by development rules that stipulate how high buildings could be constructed in certain specified areas. If the accommodations behind the casino complex were erected, they were built aided by the understanding that their views would remain unimpeded.

Nevertheless the OLG, a government entity associated with the Ontario province, is not susceptible to zoning that is local. OLG did, but, enter into a Development Agreement with Niagara Falls ‘in principle,’ and agreed not to build higher than certain heights.

‘Tourism invested billions of dollars considering an understanding of . . . where the sight lines were going to be,’ Diodati told the Niagara Falls Review. ‘ They took a lot of risk in good faith.’

Two privately owned land parcels may also be being considered by the OLG for the theatre. All three bids are being privately funded in exchange for the right to operate the music and concert facility.

The video gaming regulator is expected to make its decision on the winning proposal month that is next.

Casinos Bet on Entertainment

Casino resorts across america and North America are focusing on millennials by reserving hipper concert functions. That’s generated a need for bigger entertainment spaces, and video gaming operators are wagering big on new facilities.

The OLG additionally owns Casino Niagara just a mile north in addition to Fallsview. Casino Niagara is an adult resort that goes back to 1996, and doesn’t feature concert space. But directly across the Niagara River on the US side, the Seneca Niagara Resort & Casino, owned by the Seneca country of Indians, features a 2,400-seat events center and more intimate theater that is 440-seat.