LONDON (Reuters) – U.S. casino firm Caesars Entertainment Inc. and Quintain Estates have formed a joint venture to turn the area around London’s Wembley Stadium into a $600 million leisure and gambling resort. The 50-50 joint venture, Caesars’ first foray into the European casino market, would include a 400-room luxury hotel, conference facilities, a casino, shops, restaurants and bars, Britain’s Quintain Estates & Development Plc said Tuesday. “Wembley promises to become one of Europe’s top new leisure destinations,” Caesars Chief Executive Wallace Barr said in a statement. “With that in mind, Wembley is a natural location for our first European casino project … Wembley is a name known around the world and is synonymous with the best in entertainment.” The plan to transform the 650,000 square foot space around England’s redeveloped national stadium. It includes revamping the Wembley Arena music venue as well as the construction of Britain’s biggest cinema complex, Caesars said. Last month, the UK government gave Quintain approval to redevelop the land by the stadium, the site of England’s World Cup soccer victory in 1966 which is being rebuilt. Quintain said at that time it expected to start building by the end of the year and planned for the first new areas of public space to be ready in time for the reopening of the stadium in 2006. The project is still subject to planning approval and reform of Britain’s gambling laws, which are expected to be overhauled in a new Act that should begin its passage through parliament later this year. Quintain shares closed at 460 pence Monday.…
The British Columbia Lottery Corporation has made a huge profit of more then A Billion Dollar. The record break in revenue generation is continuous when it is touching the 24th year. This is yet another break through.
Regardless of the big number, several of them were not satisfied because they were expecting to hit a bigger profit by more then $19 million. They were expecting to make $20 billion in profits and they are in the opinion that 1 billion is not anywhere near their estimated goal.
They are planning a lot of new things to reach their goal. They are planning to add new casino games to provide young players with an appeal to play more. The British Columbian Government did something which no government ever did in history. They doubled down on the permitted levels of online casino wagers.
Starting September, Adults in British Columbia are permitted to deposit $9999 in their personal e-gambling account in the British Columbia Online Casino account per week and all Visa and Mastercards are accepted.
Gordon Campbell told a newspaper in 1999, “There will be no further expansion of gambling. We’ll try to reduce it.” However, at present Premier Campbell has put forth one of the biggest gambling expansion programs ever in Canada.
Young gamblers are not interested in lotteries; rather they are interested in casino games and want pleanty of variety. It should be noted that a British Columbian will be able to make up to $520,000 in their government controlled account per year, something that has never happened with respect to casinos in any of the jurisdictions in the US or Canada.…