UK Horse Racing Levy Reforms Clear Final Hurdle

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

British sports minister Tracey Crouch thinks the levy that is new ensure gambling reforms pay a fair return to guide horse race, but the bookies argue they already 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.

Under the previous system, which has been doing existence since 1961, only betting businesses based in the united kingdom were required to contribute to funding, however now the levy will affect 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 betting websites, also those owned by British household-name brands like Ladbrokes and William Hill, are based overseas.

‘This move will help secure the future of horse racing in Britain by making yes that gambling organizations pay a fair come back to support the activity,’ said sports minister Tracey Crouch, whose division is behind the reforms.

‘Horse racing includes a heritage that is strong this country, employing several thousand individuals and it is enjoyed by many virtually every time of the year. This new way of the Horserace Betting Levy will help sustain and develop the game.’

Long-term Certainty

The horse industry that is racing the new levy will help produce a stable long-term funding procedure for the activity. BHA chief executive Nick Rust stated that it will allow racing to secure ‘a reasonable return’ from wagering companies.

This new deal will boost prize money and supply extra capital for sets from rushing integrity to equine welfare and science that is veterinary.

‘We enjoy working closely with bookmakers to create a future that is exciting both our industries,’ Rust said.

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

Dissenting Voices

But the industry that is betting which lobbied for a lower levy, claims it already contributes handsomely towards the racing industry through sponsorship deals.

Additionally it is resents the old Levy Board, on which it had representation, will be replaced by a racing that is new, on which it currently has none.

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

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

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

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

On Friday, Cyprus’ Tourism Minister Giorgos Lakkotrypis announced the evaluation process ended up being complete, and, pending ratification by the nation’s cabinet, work will quickly begin on the construction of a $550 million ‘Euro Casino’ resort within the city of Limassol.

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

It shall be the republic’s first, yet not the island’s. Since Turkey invaded the north in 1974, Cyprus has been divided into 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 even 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 video gaming in 2015, producing one license to operate a single casino resort and a number of smaller satellite casinos. As a major European tourist hub, competition was fierce, and also the tender procedure curiously secretive.

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

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

It hopes to open a temporary casino in Limassol in October 2017, while the work begins on the Euro Casino resort, that will be scheduled to open in 2020. The completed Euro Casino will boast 500 luxury hotel rooms and at least 100 video gaming tables and 1,000 slots.

System of Gaming Venues to Follow

The consortium claims which should the casino that is temporary Limassol prove effective, it’s going to 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 throughout the island’s tourism and travel event, Taxidi 2017, as he discussed planned improvements to the 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 number of the airport delays witnessed final year.

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

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

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

The former ‘Graceland Presents Elvis’ memorabilia inside the Westgate remains locked up in the resort despite the exhibit’s closure higher than a 12 months ago. (Image: Westgate Las Vegas)

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

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

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

Despite case filed in March of 2016 that desired 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 frequently had to inform fans longing for an encore that ‘Elvis has left the building,’ his memorabilia isn’t quite therefore quick in order to make 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 effectively petitioned Las Las vegas into 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 this past year.

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

Final springtime, a judge said Elvis Presley Enterprises could post a $9 million bond to recover its items. Alternatively, the estate and Westgate decided to take the case to arbitration. A mediator is expected to issue a resolution within the coming days.

Viva Elvis Presley

Following a hiatus that is seven-year performing reside in favor of making Hollywood films, most of which had been decried by experts, one exception being ‘Viva vegas,’ Elvis Presley returned to Nevada for the residency at the newly opened 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 30th floor. He would go on to relax and play a huge selection of concerts at the International, and was scheduled to come back in 1978 before his untimely death.

Besides the namesake that is nearby, Elvis’ presence today at the Westgate is basically nonexistent. It appears the resort has little curiosity about continuing to commemorate The King. The conclusion that is expected the memorabilia case is going to be his estate paying Westgate for the items as a swap for the termination associated with the rent agreement.

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

Niagara Fallsview Casino Theatre Proposal Would Block Views of Falls

The Niagara Fallsview Casino Resort puts slots and table games just actions from the absolute 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 theatre that is new to its tower, and who has hotels behind the resort upset over sight lines to your falls. (Image: Niagara Fallsview Casino)

Owned by the OLG, the Niagara Fallsview Casino sits just north of the iconic tourist location in the Canadian part. The $1 billion complex, opened in 2004, is perhaps one of the most prominent features of the Horseshoe Falls skyline.

The rest of the complex is relatively short in stature, at only a few floors high though Niagara Fallsview has one tall tower. That’s to allow the numerous resorts 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 space that is 5,000-seat. Three locations are increasingly being considered, one being along with the bus terminal that acts the Niagara Fallsview complex.

Niagara Falls officials including Mayor Jim Diodati are opposing the bus terminal location. In a study, the city says ‘the loss of spaces with views of the falls could have a monetary impact on hotel revenue, as well as perhaps value and evaluation that has an impact on the municipal tax base.’

OLG Exempt From Rules

The waterfront area of Niagara Falls is put through development rules that stipulate how high buildings can be constructed in certain areas. When the hotels behind the casino complex were erected, they certainly were built with all the understanding that their views would remain unimpeded.

But the OLG, a government entity regarding the Ontario province, isn’t at the mercy of regional zoning rules. OLG did, nevertheless, enter into a Development Agreement with Niagara Falls ‘in principle,’ and agreed not to build greater than certain heights.

‘Tourism invested vast sums of dollars according to an understanding of . . . where the sight lines had been likely to be,’ Diodati told the Niagara Falls Review. ‘ They took a complete 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 return for the right to use the music and concert facility.

The gaming regulator is expected to make its decision on the winning proposal the following month.

Gambling enterprises Bet on Entertainment

Casino resorts across the usa and North America are focusing on millennials by scheduling hipper concert acts. That’s led to a need for bigger entertainment spaces, and 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 dates 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 Nation of Indians, features a 2,400-seat events center and more intimate theater that is 440-seat. 

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