The Excalibur Hotel/Casino is a hotel and casino located on the Las Vegas Strip at 3850 Las Vegas Boulevard South, Las Vegas, Nevada. It is one of the large casinos owned by the Mandalay Resort Group. As of June 2004, the Mandalay Resort Group was purchased by MGM Mirage adding this hotel to its vast array of properties on the Strip.
Excalibur, named for the mythical sword of King Arthur, uses the Arthurian theme in several ways. Its facade is a stylized image of a castle, with a wizardlike figure representing Merlin looking out from a high turret.
The Tropicana – Las Vegas Boulevard intersection, where the property sits, is very busy, so pedestrians are not allowed to cross at street level. Instead, Excalibur is linked by overhead pedestrian bridges to its neighboring casinos to the north (the New York-New York Hotel & Casino, across Tropicana Avenue) and to the east (the Tropicana Resort & Casino, across the Strip). There is also a free tram that connects Excalibur to its sister Mandalay Resort Group hotel-casinos to the south, the Luxor and Mandalay Bay.
History
The Excalibur opened on June 19, 1990. It was one of many new, modern Las Vegas hotels that featured children’s attractions, such as an arcade and a small medieval style roller coaster. Another feature of the Excalibur that is prominent in many of today’s Las Vegas hotels is a large family swimming pool.
In February 2003, the Las Vegas area received over 3 inches of rain. In turn the 18th floor of the Excalibur Hotel was evacuated. The fire alarms were triggered when rain entered the rooms. This is a design flaw of the building. To date this has not been repaired.
On March 21, 2003 the largest Megabucks Jackpot, as of that time, was hit at the Excalibur. The jackpot was for $39,713,982.25.
On April 26, 2005, the Excalibur, along with the other hotels of the Mandalay Resort Group, was purchased by rival MGM Mirage.
Some restaurants and other areas have Arthurian names, such as the Roundtable Buffet, Sir Galahad’s Prime Cuts, The Steakhouse of Camelot, and Regale Italian eatery, or reflect a broader “Merrie Olde England” theme, such as the Sherwood Forest Cafe. A long-running show, the “Tournament of Kings,” features simulated medieval jousting. Regale was originally called “Lance-a-lotta Pasta” and was more family/child oriented than Regale, which is more upscale.
A few years after opening, Excalibur introduced a free nighttime show in the moat near the resort’s main entrance. A dragon would emerge from under the main entryway bridge and do battle with the wizard, Merlin. After a few years of operation, this attraction was discontinued.
In June of 2007, the Dick’s Last Resort chain opened a restaurant in the Excalibur. Accompanying this addition, the iconic figure of Merlin visible from Excalibur’s exterior was replaced by the image of “Slick Dick” from the restaurant chain’s logo.
Like many other hotels on the Strip, the Excalibur features a wedding chapel. The chapel offers themed medieval weddings complete with renaissance period costumes.
The hotel has opened a spa near the pool.
In 2007, the pool area was closed for renovation. Most of the parking area to the east of the parking garage was gated off for the expansion of the pool area. The new pool construction was originally started in fall, 2006 in the hopes of being completed for the summer of 2007 but there were delays so the new pool is now slated to open for summer, 2008. Excalibur recently added on their official website that the pool is now open saying “We’ve doubled the size of our pool, adding cabanas, fire pits, sun decks and a secluded relaxation pool. And our new poolside restaurant, DRENCHED, is the perfect place to quench your thirst, and your appetite.”
Circus Circus Las Vegas is a circus-themed 3,774 room hotel and 101,000 square foot (9,392 m²) casino located in Las Vegas, Nevada on the Las Vegas Strip that is owned and operated by MGM Mirage. Circus Circus features free circus acts on a regular basis throughout the day and the only RV park on the Strip.
History
Opened October 18, 1968 by Jay Sarno.
Became the flagship casino for Circus Circus Enterprises (later Mandalay Resort Group), now part of MGM Mirage.
Underwent major renovations in 1997 that changed the hotels theme from the standard American Circus to a French Cirque du Soleil style Circus. Circus Circus is slated to be renovated to its former self in 2006.
The hotel may be demolished and rebuilt. According an MGMMirage report, the Circus Circus site “does not make economic use of the 44 acres that it sits on, therefore, we feel that demolishing the current property and rebuilding it in a different fashion (while still keeping the Circus Circus name) will be in our best interest.”
Adventuredome Theme Park
Adventuredome seen from inside.
Formerly known as Grand Slam Canyon. Located under the pink top, this 5 acre (20,234 m²) indoor amusement park offers 16 rides and is connected to the hotel. The theme park includes a rock climbing wall, 18-hole miniature golf course, an arcade, and carnival type games. The dome of the park is made up of over 350,000 sq ft. of insulated glass.
Movie history
Performers in the Circus.
The hotel’s famous midway was featured in the 1971 James Bond film “Diamonds Are Forever”.
It is also known to movie goers as Bazooko Circus in the film version of Fear and Loathing in Las Vegas where Raoul Duke (played by Johnny Depp) while in midst of an ether binge utters the line “Bazooka Circus is what the world would be doing every Saturday night if the Nazis had won the war. This was the Sixth Reich.”
Amenities and Entertainment
In addition to the casino and the Adventuredome Theme Park, Circus Circus also offers:
Convention rooms—space for up to 800 people
Race and Sports Book 80 seats, with 18 big screens
RV park operated by Kampgrounds of America (KOA) offers 399 spaces with full service utility hook-ups
US gambling revenue dropped 15% in May. In Las Vegas, the percentage is 16.4%. As for Atlantic City, the casinos gambling revenue down 11% in June, comparing with the same month of the last year (a single casino shows an increase in revenue, Harrah’s Resort Casino). In Illinois, gambling revenue was down more than 20 percent in June compared to June 2007.
The analyst Robin Farley of UBS wrote in a report that “the decline in Strip revenues is worse than the period immediately following Sept. 11, 2001 and except for January 2002 is the worst monthly performance in more than 10 years…The weakness in gaming revenues was not confined exclusively to the Strip as the Las Vegas locals market declined 19.5% in May, bringing year to date revenues down 8.7%.”
Sands, Wynn, Boyd… everything is sliding.
“The decline appears to be accelerating,” said Nick Danna, an analyst with Stern Agee & Leach.
Jim Murren, president of MGM Mirage, says that this drop is a temporarily situation, an usual cycle.
For Atlantic City, the most important decline is for Trump Marina Casino, 23%.
For the casino games, the reports say that table games and slot machines fell down almost the same in Las Vegas, but slots declined more in Atlantic City.
I am not a specialist, but I think that there are some important factors, external to the gambling industry, that influence it. And one of the most important, if not the most important, is the economic crisis. Including the petrol price, unemployment, the real estate crisis, as well as the reduction in flights as airlines cut back their services.
A second factor is the tourist market, influenced also by the economic crisis but not only. The restrictions implemented last years by US for the external tourists is, maybe, more important for the tourist market than the crisis.
And, to not forget the smoking ban, that will decrease even more the gambling revenue.
The crisis in US gambling industry will be increased by the casino and hotel investments started by the operators, for which it will not be possible to make the payments to the banks (for ex., Tropicana Entertainment defaulting on $2.7bn debts).
In fact, when you start an isolationist policy, including for the online gambling market, you have to take into consideration the secondary effects that can become major effects, in time.
Bellagio is a hotel and casino located on the Las Vegas Strip in Las Vegas, Nevada. It is owned by MGM Mirage.
Inspired by the Lake Como resort of Bellagio in Italy, Bellagio is famed for its elegance. One of its most notable features is an 8 ac (32,000 m²) artificial lake between the building and the Strip. The fountain shows on the lake are a major free attraction.
Inside Bellagio, Dale Chihuly’s Fiori di Como, composed of over 2,000 hand-blown glass flowers, covers 2,000 ft² (610 m²) of the lobby ceiling. The hotel also contains the Conservatory & Botanical Gardens.
Bellagio was conceived by Steve Wynn and built by his company, Mirage Resorts, Inc. following the purchase and demolition of the legendary Dunes hotel and casino in 1993. Bellagio was designed by Marnell Corrao Associates and Jon Jerde.
Bellagio is home to Cirque du Soleil’s production of “O”, the second permanent production show for the troupe.
History
When it opened on October 15, 1998, it was the most expensive hotel ever built, having cost over $1.5 billion.
In 2000 it became a MGM Mirage property when Mirage Resorts merged with MGM Grand Inc. to create MGM Mirage.
Actor Justin Pierce commited suicide in 2000, by hanging himself in one of the Bellagio’s rooms.
Film History
Bellagio was featured prominently in the film Ocean’s Eleven (2001). The safe for the three casinos that were robbed was located at the Bellagio.
The sex tape that propelled hotel heiress Paris Hilton to stardom was shot in one of the hotel rooms in Bellagio.
Fountain details
The Fountains of Bellagio
The Fountains at Night (oarsman/shooter nozzles visible)
Wet Design, a company specializing in creating intricate water shows, designed an array of underwater pipes with over 1,000 nozzles that makes it possible to stage fountain displays coordinated with over 4,000 lights and music. The Fountains of Bellagio, as the attraction is called, was made using three types of nozzles: “oarsman”, which can swing back and forth to create dancing water; “shooters”, which can shoot water upwards; and “super shooters”, which can send a water blast as high as 250 ft (76 m) in the air. After the success that Wet Design had with the Fountains, Steve Wynn asked them to improve and modify the volcano attraction at sister casino The Mirage.
It seems that it is very hard to make predictions on gambling, this year even more difficult than the other years, and online gambling much more difficult than the classical gambling.
008 will be a very good year for the land casinos. Las Vegas has some big problems that will allow to other entertainment centers to compete successfully with the Sin City.
After several years of standby, Atlantic City will know in 2008 a new development period by building new casinos and improving the old ones.
But Macau will be the star of this year, with the most new projects for casinos, hotels and entertainment resorts. Cotai Strip will be the new center of the gambling world.
The Europeans will have their own Las Vegas too, soon. Gran Scala in Spain is a very ambitious project. This year we will see if it is a certitude for the next years, or just a chimera.
And, to not forget Russia! Russia made no major step till now, but it is very close to invest a lot of money. And, what about the Arabian gambling? Do you bet on the development of a very powerful casino entertainment center in Dubai? The partnership with MGM Mirage is just the beginning. I know about the Islamic rules, but I bet on it.
For me, a big surprise for this year is Harrah’s Entertainment. No big new projects and, at the end of the last year, the bomb (in fact, expected since a year ago): new owners for the casino and hotel resort chain of the world’s largest provider of branded casino entertainment. The surprise is even bigger taking into consideration the successful act of online gambling ban (see UIGEA). So, my prediction is that MGM Mirage will become soon #1 in the casino entertainment industry.
As for online gambling, very bad news, unfortunately. After UIGEA in US, Canada intends to ban the online gambling too, Germany already announced the interdiction for online gambling as well as for advertising the web/based gambling. There are signs that Italy will be soon with Germany on the same part of the barricade and, from the East European countries, Romania has a draft law to ban online gambling and any other related activity since two years ago, so it is possible to discuss it very soon. In this situation, and after the agreement with US, the European Commission it is possible to change its rules about online gambling even this year. I see UK the only country of the European Union that will allow the online gambling in the near future.
It is very interesting how United States, after deciding to ban the online gambling, and by means of the media, it is very close to change the mentality and principles of the whole world about online gambling. Most of the people considered online gambling a way of entertainment as any other, two years ago. Now, the same people are very convicted that they always was against online gambling and online casinos.
A special situation for online poker. If the online poker associations from US will earn the battle to allow this game on Internet (and it is a very powerful lobby for this), all the other countries, including Germany and Canada, will say that they never banned the online poker and will make an exception from the rules. But this will not happen, anyway, this year.
But we will see a spectacular increase of the skill games.
In fact, in the United States the future of the online gambling will be decided during and after the elections stated for this year, 2008. So, when you will vote, take into consideration your own option for online gambling, too.
(These predictions are based on my own experience, do not include any other considerations, I do not claim to be in accordance with the future events, I am not implied in the gambling industry except as a publisher, and I do not advice you to use it)
MGM Grand Macau officially opened its doors these days to thousands of guests eager to experience the burgeoning gaming destination’s latest grand resort. With 600 rooms, MGM Grand Macau resort casino marks the powerful partnership’s first venture into the rapidly growing Macau gaming market, setting a new standard of luxury in Asia.
“We have long anticipated this moment,” said Terry Lanni, Chairman and CEO of MGM Mirage. “It marks the beginning of a new era, both for our company and for the Macau gaming market. We’ve been eager to demonstrate the combined capabilities of our partnership and this striking resort is testament to what we can achieve together. We are confident our efforts brought satisfaction to our many guests who celebrated with us tonight and will continue to do so for the many who visit Macau in the future. We look forward to showcasing to the world what we have created.”
Pansy Ho Chiu-king, Managing Director of MGM Grand Paradise, added, “Through our partnership, MGM Mirage and I wish to bring about a brand new experience for tourists in Macau. The pleasurable experience of our guests will encourage repeated visits and a positive word-of-mouth reputation for both MGM Grand Macau and Macau.”
MGM Grand Macau features suites and villas; a grand casino offering approximately 375 table games, 900 slot machines and 16 private gaming salons for preferred customers; and the signature Grande Praca showcasing Portuguese-inspired architecture, dramatic landscapes and a glass ceiling rising 25 meters (82 feet) above the floor of the resort.
The 35-story resort also includes convertible convention space, world- class spa and swimming pool facilities, and a variety of restaurants that continue in the MGM Grand tradition of culinary talents celebrating the diversity of international tastes and influences. These unique elements, combined with the high-quality service provided by its 6,000 employees will define this new resort. Initial plans calls for a 222,000 square foot split-level casino, with 385 table games and 1,000 slot machines. The property will also include a 1500-seat theater, a 5500-square foot nightclub, 13,500 square feet of meeting and convention space including an 11,000 square foot ballroom, a 25,000-square-foot spa, and nine restaurants, including one on the roof with views of the city and the harbour.
MGM Grand Paradise Limited is a join venture owned and jointly operated by MGM Mirage (the world’s No.2 casino operator) and Ms. Pansy Ho Chiu-king. It was formed to develop, build and operate resort casinos in Macau S.A.R under a sub-concession agreement approved by the Macau government. The total cost of the project is budgeted at USD $1.27 billion.
Wynn Macau resort will add 85 gaming tables and 551 slot machines in an expansion scheduled to open Monday
The expansion, which also features a new rotunda entrance, brings the casino resort’s total to 390 tables and 1,190 slot machines.
This casino will also be connected to the future Mandarin Oriental Hotel, which is expected to open close to the Nape waterfront district in 2009 as Macau’s second Mandarin Oriental property.
The Mandarin Oriental Hotel Group (MOHG) is a hotel management company which is part of Jardine Matheson Holdings Limited and is formally known as Mandarin Oriental International Limited.
Another casino will be opened in 2008 by Four Seasons Hotels, Inc., a five-star Canadian-based international luxury hotel chain. It is considered among the finest luxury hotel chains worldwide, according to Travel + Leisure magazine and Zagat Survey, and operates 55 AAA five diamond properties in major cities and resort destinations in 18 countries. It is also the particular hotel of choice for many celebrities and members of royal families.
In 2009 will be opened Grand Hyatt operated by Global Hyatt Corporation. Hyatt is a part of the Marmon Group which is owned by Chicago’s Pritzker Family. Grand Hyatt hotels have higher standards and are generally larger than typical Regency hotels.
Virgin Group is in the latter stage of negotiation to secure land in Macau, where he is going to set up a US$3 billion casino resort complex.. Virgin Group Ltd is a conglomeration of separately run companies that each use the Virgin brand of British celebrity business tycoon Sir Richard Branson.
About Macau:
澳門特別行政區 Região Administrativa Especial de Macau
Macau Special Administrative Region
Official languages: Chinese, Portuguese
Government Chief Executive: Edmund Ho Hau-wah
Establishment:
Occupied by Portugal 1557
Portuguese colony August 13, 1862
Transfer of sovereignty December 20, 1999
Area: Total 28.6 km²
Population 2007 (1st qtr) estimate: 520,400 (167th)
Density: 17,310/km² (2nd)
GDP (PPP): 2006 estimate
Total US$14.3 billion (139th)
Per capita: US$28,436 (2006)
Currency: Macanese pataca (MOP)
Time zone: MST (UTC+8)
Internet TLD: .mo
Calling code: +853
The Macau Special Administrative Region, commonly known as Macau or Macao (Chinese: 澳門), was established on December 20, 1999, as one of the two special administrative regions (SARs) of the People’s Republic of China (PRC), the other being Hong Kong. Macau has thriving industries such as textiles, electronics and toys, as well as a notable tourist industry, which boasts a wide range of hotels, resorts, stadiums, restaurants and casinos.
The headquarters of Macau Government
The Sino-Portuguese Joint Declaration and the Basic Law of Macau stipulate that Macau operates with a high degree of autonomy until at least 2049, fifty years after the transfer, under the policy of “one country, two systems”. The Central People’s Government is responsible for the territory’s defence and foreign affairs, while Macau maintains its own legal system, police force, monetary system, customs policy, immigration policy, and delegates to international organisations and events.
The Legislative Assembly of Macau
Weather averages for Macau
Month
Jan
Feb
Mar
Average high °C (°F)
18 (64)
18 (64)
21 (70)
Average low °C (°F)
13 (55)
13 (55)
16 (61)
Precipitation mm (inch)
32.4 (1.3)
58.8 (2.3)
82.5 (3.2)
Source: WMO – Macau 12.11.2007
Weather averages for Macau
Month
Apr
May
Jun
Average high °C (°F)
24 (75)
28 (82)
31 (88)
Average low °C (°F)
20 (68)
24 (75)
26 (79)
Precipitation mm (inch)
217.4 (8.6)
361.9 (14.2)
339.7 (13.4)
Source: WMO – Macau 12.11.2007
Weather averages for Macau
Month
Jul
Aug
Sep
Average high °C (°F)
32 (90)
32 (90)
30 (86)
Average low °C (°F)
27 (81)
27 (81)
26 (79)
Precipitation mm (inch)
289.8 (11.4)
351.6 (13.8)
194.1 (7.6)
Source: WMO – Macau 12.11.2007
Weather averages for Macau
Month
Oct
Nov
Dec
Year
Average high °C (°F)
28 (82)
24 (75)
19 (66)
25.4 (78)
Average low °C (°F)
23 (73)
18 (64)
14 (57)
20.5 (69)
Precipitation mm (inch)
116.9 (4.6)
42.6 (1.7)
35.2 (1.4)
2,122.9 (83.6)
Source: WMO – Macau 12.11.2007
Macau’s economy is based largely on tourism, much of it geared toward gambling. From 9.1 million visitors in 2000, arrivals to Macau has grown to 18.7 million visitors in 2005, 21.98 million visitors in 2006 and is expected to receive between 24 and 25 million visitors in 2007, with over 50% of the arrivals coming from mainland China. Macau also received the Future Award 2007, for being regarded the most promising future tourism destination in Asia Macau is currently rated as one of the world’s top tourism destinations by the World Tourism Organisation.
Macau center
Since 1850, gambling has been licensed and has always been an important source of earning for the government. In the early 1960s, gambling provided 50 percent of official revenue. Starting in 1962, the gambling industry had been operated under a government-issued monopoly license by Stanley Ho’s Sociedade de Turismo e Diversões de Macau. The monopoly was ended in 2002, and several casino owners from Las Vegas attempted to enter the market. With the opening of the Sands Macau, the largest casino in the world as measured by total number of table games, in 2004 and Wynn Macau in 2006, gambling revenues from Macau’s casinos were for the first time greater than those of Las Vegas Strip (each about $6 billion), making Macau the highest-volume gambling centre in the world.
In 2007, The Venetian Macau, the second largest building in the world, opened its doors to the public. Other casinos and hotels slated to be opened through 2009 are: Four Seasons (2008), MGM Grand Macau (2007), Ponte 16 (2007), Far East Consortium Complex (2007), Grand Hyatt (2009), Galaxy Cotai Megaresort (2008), City of Dreams (2008), Oceanus (2008), Mandarin Oriental (2009). The first Phase of Macau’s Cotai Strip is scheduled to open in 2007 and will include 19,000 guest rooms throughout seven resort hotels, with the $1.8 billion Venetian Macao serving as the anchor. The head of Virgin Group Sir Richard Branson is in the latter stage of negotiation to secure land in Macau, where he is going to set up a US$3 billion casino resort complex. As a result, Macau’s economy is growing rapidly due to gambling related tourism and construction from the new casino entrants. Macau is still the only place in the People’s Republic of China where casinos are legal.
Gondola ride in the Venetian
Cotai Strip
The Cotai Strip is the name of the casino and tourism district of Cotai, Macau. The development of this area was inspired by the Las Vegas Strip in Las Vegas, Nevada, USA.
Here it is a list of casinos and hotels by Macau Concessionaire:
Las Vegas Sands
7 resort hotels
20,000 hotel rooms
Over 1.5 mm sq ft of casino space
Over 3.0 mm sq ft of MICE space
25,000 seats for live entertainment
3.0 mm sq ft of retail space
Over 4.0 mm sq ft of vacation suites
Site 1 = The Venetian Macao
Site 2 = Four Seasons Hotel Macau
Site 3 = Far East Consortium
Site 4 = City of Dreams (see Melco-PBL below)
Site 5 = Shangri-La and Traders
Site 6 = Sheraton and St. Regis
Site 7 = Hilton and Conrad
Site 8 = Fairmont and Raffles
Melco-PBL
City of Dreams
Macau Studio City (Melco-PBL will not own this but will manage the casino) (Hotels on the site include The Ritz-Carlton Macau, Macao Marriott Studio City, and W Macau – Studio City)
Galaxy entertainment
Grand Waldo Hotel
Cotai Mega Resort (aka GalaxyWorld Resort)
MGM Grand Paradise
Nothing official announced yet but has stated that they plan to build a casino on Cotai
Wynn Resorts
Owns land on Cotai and has stated that they plan to build one casino resort that will be “the most beautiful hotel on earth”.[5]
Harrah’s Entertainment
Owns the Macau Orient Golf Course on Cotai, adjacent to the Lotus Bridge and across from Macao Studio City. Has not announced any plans other than to operate it as a golf course for time being.
Macau gaming law
In the Macau legal system, gaming law is not considered as a branch of law in the traditional sense. Instead, it may be considered as a transversal gathering of a range of legal topics more or less directly related to gaming, including constitutional law, administrative law, tax law, company law, contract law and criminal law. In this manner, issues of public law as well as private law are of relevance for gaming.
In the Macau SAR, the regulation of gaming is premised on administrative law concepts which are similar to other civil law jurisdictions. From the perspective of administrative law, gaming is based on the concept of administrative concessions (and sub-concessions), supervision of concessionaires, and powers of government intervention. Gaming law in Macau is currently being reformed. Immediately after the transfer of sovereignty the Government of the Macau SAR has embarked in a major overhaul of the gaming sector, by opening the sector to various operators so as to generate competition. This has meant the granting of various concessions and subconcessions to operators other than the historical operator.
As a result, there are currently six concessions and subconcessions of casino games of fortune: Sociedade de Jogos de Macau (known as SJM; headed by Stanley Ho); [Galaxy Casino] (a subsidiary of Galaxy Entertainment Group, from Hong Kong); Wynn Resorts (of Steve Wynn); Venetian Macau (Sheldon Adelson); a partnership of MGM with Pansy Ho (daughter of Stanley Ho); and a partnership of Melco and PBL of Australia. There are also monopoly concessions for pari-mutuels (horse and dog racing), lotteries and sports betting.
Each of these operators has signed a concession contract with the Macau SAR; the text of such contracts can be seen in the website of the Macau Gaming Inspection (see links below).
Concessions allow the opening of more than one casino.
Regarding gaming promoters, from an administrative law perspective the prime issue is their licensing and regulation, which was initiated in 2002. Gaming promoters are subject to a licensing system rather than to a system of concessions. The main applicable law is Administrative Regulation no. 6/2002. Lists of gaming promoters currently authorized are available in the website of the Macau Gaming Inspection (see links below).
From the perspective of company law, gaming concessionaires must be public companies, to which special rules apply, in addition to the general rules stated in the Macau Commercial Code 1999, as amended. There are also specific company law rules related to gaming promoters.
The taxation of casino sub/concessionaires is made of a fixed part and a variable part. The variable part falls on the gross gaming revenue. The tax rate is currently of 35%, plus two contributions of up to 2% and 3% for social and economic purposes. The maximum tax is therefore 40%. In addition, a fixed premium is also payable, plus a premium per VIP table, other table, and slot machine. Gaming promoters pay taxes on commissions received.
From the perspective of contract law, gaming and betting are contracts which may or may not generate civil or natural obligations for the parties. The matter is regulated in the Civil Code 1999 (art. 1171), which states, drawing from Roman law, that gaming and betting generate natural obligations except in sports competititions and where the law provides otherwise. The problem is that gaming legislation currently does not provide to this effect.
Regarding credit for gaming, Macau law states since 2004 that the granting of credit for casino games of fortune generates civil obligations, which are fully enforceable in Macau courts. Credit for casino games of fortune is defined as any case where chips are passed on to a player without immediate cash payment of such chips; this is an intentionally broad concept. Credit for gaming is regulated by Law no. 5/2004, of June 14.
From the perspective of criminal law, there are specific criminal offences related to gaming; see Law 8/96/M, of July 22, and Law 9/96/M, of July 22. Other criminal law matters are covered by broader laws: the Penal Code and the law on organized crime. Game cheating is mentioned in art. 6 of Law 8/96/M, of July 22. In addition, general laws on the prevention and repression of money laundering and the financing of terrorism through casinos apply.
Competition law matters, and advertising law, as well as the impact of WTO law on gaming, may also be pointed out as part of gaming law. Regarding online gaming, the Macau SAR does not currently grant concessions for online casinos. The current casino concessions only cover land-based gaming, not online gaming.
Type of the company: Public (NYSE: MGM)
Founded: 2000
Headquarters: Las Vegas, Nevada
Key people: Terrence Lanni (CEO)
Industry: Casinos and hotels
Products: Hotels
Revenue: $7.4 billion USD
Employees: over 70,000
Website: www.mgmmirage.com
MGM Mirage is a Las Vegas – based business engaged in the development, ownership and operation of hotels and casinos. The company began operations on May 31, 2000 by the merger of MGM Grand Inc. and Mirage Resorts, Inc. It is currently the second largest gaming company in the world.
MGM Mirage has significant holdings in gaming, hospitality and entertainment, owns and operates 17 properties located in Nevada, Mississippi and Michigan, and has 50% investments in four other properties in Nevada, New Jersey, Illinois and Macau. MGM Mirage is developing major casino and non-casino resorts, separately and with partners in Las Vegas, Atlantic City, the People’s Republic of China and Abu Dhabi, U.A.E.
Bet on the Champions League - Find detailed, continually updated information on the Champions League, together with a history of the event and options for online betting at bet123.net. Other major sporting and betting events are also covered.
Industry: Gaming - Latest news releases for Industry: Gaming from PRWeb
online casino games - at the new Silver Oak Casino? With $750 in Welcome Bonuses, Second Chance Free Chips and great new monthly offers Silver Oak is the place to be!
poker site - More Fantastic Online Poker Signup Bonuses
The Fountains of Bellagio
The Fountains at Night (oarsman/shooter nozzles visible)
