Government of Taiwan moving forward with plans for expanded gambling

Government of Taiwan moving forward with plans for expanded gambling Following up on a campaign promise of President Ma Ying-jeou, the Taiwanese government last week set up a committee for the gambling industry which is charged with collecting and studying gaming trends.


The idea is to accelerate the passage of new legislation for the development of the industry in Taipei, Taiwan.
 
The panel will lead the formation of government policy for the industry, bridging the differences among legislators over the issue. Previous dithering over gambling policy prevented the passage of the legislation in the past, compelling prospective gambling-industry moguls to shift plans and move operations to Macao and Singapore.
Andy Nazarechuk, president of the Singapore branch of the University of Nevada Las Vegas, noted for gambling-industry research, will brief the Presidential panel on Singapore’s experience in developing the gambling industry this week.
Nazarechuk, who is also an advisor to Singapore and Dubai governments for developing the gaming industry, is also leading a seminar sponsored by Soochow University, when the law school of the university and the University of Nevada Las Vegas will release the findings of their joint study on the best mode suited to Taiwan for the development of the gambling sector.
As the giant casino project of Singapore nears completion, interest among leading international gambling firms appears to be stoked, especially in view of the worse-than-expected performance of some new mega casinos in Macao.
The representatives of many leading gambling companies are attending the "forum on Taiwan’s gambling industry" next March, sponsored by the office of the Nevada state in Taiwan, when they will take the opportunity to probe the government’s policy stance again, according to experts. 
Seeking to stimulate their economic development, many Taiwanese municipalities have been scrambling to develop the gambling industry, including Penghu County, Taipei County, Kaohsiung County, Miaoli County, Changhwa County, Taoyuan County, Taichung City, Nantou County, Yunlin County, Pingtung County, and Taitung County. Governments have earmarked special gambling areas.
The Council for Economic Planning and Development (CEPD) reported that the government is scheduled to put forward the conclusions of its study on the gambling industry by the end of December, including its social impact, how to manage the industry, and Taiwan’s competitiveness for the industry. An official stressed that they need a complete management system for the industry, since it is a "very complicated."
Gambling is also a concern for the incoming U.S. president, Barack Obama, though he is now seeking to increase his portfolio and finance physical infrastructure throughout America, a project mocked by former Republican Senator Fred Thompson as "hiring people to dig holes and other people to put the dirt back in the holes."

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Missouri casinos report four percent revenue growth for the quarter

The Kansas City casino market took in nearly $61.47 million in July, as gamblers continued to increase the amount of money they spend, individually, on each casino visit. 
Statewide, gambling revenues were up 4 percent for the quarter, a sign the recession is over in the Midwestern U.S.

As a result, casinos in the area remained ahead of their gross revenue for the first seven months of 2008.

The region's casinos continued their own recent trends. Market leader Ameristar’s revenue was $21.1 million. Harrah’s reported $16 million in revenues.  Another casino, Argosy, was up 5 percent in July to nearly $17.26 million, and No. 4 Isle of Capri was up 3 percent to nearly 7.08 million. Argosy and Isle have posted increases every month this year, experts said.

Across the state last month, Missouri’s 12 casinos took in $152.8 million, up 4 percent from a year ago. The St. Louis market was up 8.8 percent. The four Indian casinos all reported increases, too, powered by a 5.6 percent increase for the St. Jofolo casino.

Statewide, the casinos reported nearly 2.3 million patrons in July, up 3.2 percent from a year ago. Of those, 928,500 visited the Kansas City casinos, up just 0.2 percent.

The average loss per patron statewide was $66.54, up 0.8 percent, according to experts.

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Casinos cutting blackjack minimum bets, luring new gamblers

The minimum blackjack table at the Seneca Niagara Casino in Niagara Falls used to be $10 -- but is now $5. That's 24 hours a day, and seven days a week.

The times are good for gamblers, for it may not be any easier to win, but the price of playing has dropped dramatically.
“We at Seneca Gaming Corporation, similar to other companies in Western New York, have noticed a change in consumer discretionary spending,” said Jillian Fiorella, spokeswoman for the corporation.

Eager to keep its customers gambling, Seneca Gaming has responded with a “Best Bets” campaign promoting its 97 percent payback slot machines and $5 minimum bet blackjack tables.

Other casinos are making similar moves. They are seeing good results. Operators of both Buffalo Raceway and Batavia Downs say their casinos did better in 2008 than in 2007. They partly attribute success to the increase in gasoline prices that discouraged customers from traveling long distances to gamble.

“We found our niche in Genesee County,” Nevins said of Batavia Downs. “We find people in Genesee, Orleans and the western side of Monroe County like it here instead of driving to Turning Stone [near Oneida] or Niagara Falls.”

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