Genting Bhd Company Are Ready to Create a Gambling Project
Las Vegas Representatives of the gambling company Genting Bhd announced that they have received a license to create a large entertainment complex Resorts World Las Vegas, which will be located in Las Vegas. The regulator made its decision after a two-hour presentation by the Malaysian company and a special committee meeting.
The plans of the management of the Genting Bhd company are to create a gambling project with a hotel for 3.1 thousand rooms. Currently, the owners of the company plan that about 13.9 thousand square meters will be allocated for a land-based casino. Also, the Board of Directors of the Genting Bhd brand announced that the project budget is USD 4 billion. The total number of employees of this complex will be 3 thousand people.
Industry analysts at investment bank Morgan Stanley said the firm had made the decision to develop a new project in Las Vegas after a significant decline in gambling revenues in Singapore. Right now, players tend to visit online casinos, as they consider them more comfortable. Let’s take a look at Cookie Casino as an example. The gambling platform offers a variety of games that actually meets what you would require from an online service including video slots, table games, live casino games, and jackpots. That’s why Genting Bhd Company needs to make some new brick-and-mortar casino entertainment.
Earlier this month, representatives of the Genting Bhd brand announced that Resorts World Las Vegas will open soon.
- Genting Bhd previously planned to officially launch the entertainment complex in 2018, but they were forced to postpone it.
- Financiers from Genting Bhd reported that VIP gambling revenue at Resorts World Sentosa fell 29% year-on-year in the first quarter of this year.
- Recall that the Malaysian company Genting Bhd is developing large entertainment and hotel complexes around the world.
Las Vegas Casinos Are Ready to Accept Esports Bets
At a meeting of the Gaming Policy Committee of the state of Nevada, the issue of the possibility of accepting esports bets in casinos was considered. This type of gambling does not contradict the laws of the state. Las Vegas casinos are ready to accept bets on esports. During the meeting of the Gaming Policy Committee, a number of important issues were discussed, including the possibility of accepting bets on e-sports in Las Vegas casinos.
Committee Chairman A. G. Burnett stated:
“Esports bets are compliant with the laws of the State of Nevada and gambling establishments can accept them. But you shouldn’t expect that casinos will soon accept such bets. After all, bookmakers will not take such risks.”
At the moment, there is a lack of information that would allow accepting esports bets in casinos. And also the lack of experts on these issues has a significant impact on the slowdown in the implementation of such rates. It is worth noting that the Downtown Grand Casino has a special esports lounge where tournaments are held on weekends. This establishment is not the only casino that hosts esports competitions.