Genting Group's $4 billion Resorts World Las Vegas on schedule for mid 2018

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The Malaysian based Genting Group has established itself as one of the big players in the global casino industry by setting up a number of popular casino resorts all over the world. And iBET is best Malaysia online casino. Genting has establishment Resort World Casinos in a number of places including New York, Birmingham, England, Singapore and Malaysia. The company is also in the process of constructing its Resorts World Casino in Las Vegas which is estimated to cost around $4 billion.The $4 billion casino project will not be built from scratch as the company will make use of the smaller projects that Boyd commenced and will merge them together to speed up the process.

The Las Vegas project broke ground six months ago and by looking at the site location it is hard for one to tell if any progress has been made since then. S188 Genting initially bought the 87 acre casino site from Boyd Gaming Corp after it decided to drop its Echelon project and Genting has invested around $50 million during the last six months for initial construction work and site maintenance.

Genting has continued to keep a low profile on the Las Vegas project and has occasionally updated its social media account sharing sparse details on Resorts World Las Vegas. The company stated in social media earlier that construction work was mostly taking place late at night and during the hourly hours of the day to enable construction workers to avoid the scorching heat. Genting also stated that it will take time for the $4 billion project to come together and nothing significant could happen overnight.

The company is currently working with officials as it needs to receive a number of permits that address water systems, sewage systems and electricity. If everything goes as per plan, Resorts World Las Vegas is expected to open during the middle of 2018. The Resorts World Las Vegas project will have an Asian theme to it and will also look to draw thousands of VIP gamblers from Mainland China and mass market gamblers from across Asia.

Resorts World Las Vegas is expected to be one of the biggest projects to hit the strip during the last 10 years and is expected to create thousands of jobs as the permitting process is completed. The S188 Genting Group has a diverse range of business interests but generates over eighty percent of its revenue from the hospitality and leisure slot game industry.

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Online Casino Malaysia Gambling laws: government should impose national tax (AU)

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[caption id="attachment_672" align="alignnone" width="619"] Online Casino Malaysia Gambling laws government should impose national tax[/caption]

 

Online Casino Malaysia The federal government should impose a new national gaming tax and prohibit Australians from gambling with foreign operators through "banking and other tools", Nationals senator Bridget McKenzie has said.

The Victorian backbench senator, who flagged her plan with the prime minister,Malcolm Turnbull, when he was communications minister, said the government should use its review of the tax system to completely overhaul gambling taxes.

"In terms of wagering, the current legal framework doesn't provide the outcomes we need," McKenzie told Guardian Australia.

The guts of the proposal would see a uniform tax applied to the gaming industry, with revenue to be distributed across the statesthat currently regulate the industry. Some revenue would be reserved for regional development projects and for harm minimisation programs.

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McKenzie's proposal follows an intervention from Nationals colleague David Gillespie, who earlier this week called for the GST to be raised to 15%.

Online Casino Malaysia Under McKenzie's proposal a federal tax of 0.05% would be levied on gambling turnover. The tax would be collected by licensed betting operators on all transactions relating to Australian events.

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