Monday, January 24, 2022

Media Man Network Blog: Casinos Of The World

Casinos Of The World






Punters, here's 10 of the world's top land based casinos for you to mark down in your travel plans.

Monte Carlo, Monaco: Perched above the Mediterranean and bounded by the French
and Italian coastlines on either side, Monaco provides a spectacular and luxurious setting for the wealthy and the wannabees. Home to the Monaco Grand Prix and the legendary Casino de Monte Carlo, this isn't the place for those on a tight budget. The magnificent Casino hosts the annual European Poker Tour and was also the scene of several James Bond Films, including the original "Casino Royale" and "Golden Eye".

Paradise Island, Bahamas: Located just off the shore of the city of Nassau, Paradise
Island is best known for its sprawling 'Vegas-by-the-sea' resort, Atlantis. The resort spans seven acres along a lagoon, where guests can soak up the Caribbean sun and choose from a variety of outdoor gaming areas. When in need of a break from the tables, guests can enjoy the private beach or one of the resorts 20 sunlit pools.

Melbourne, Australia: As Australia's sporting and entertainment capital, Melbourne
offers the perfect option for high rollers looking for a local break. Aussies need look no further than Crown Casino on the southern bank of the Yarra River, which is one of the largest casino complexes in the southern hemisphere. The main gambling floor stretches more than half a kilometre and the casino was the first to introduce the new game Rapid Roulette, which allows players to place bets on a personal electronic touch screen connected to a central roulette wheel.

Macau, China: Known as the 'Monte Carlo of the Orient,' and the gambling capital of Asia, Macau now rivals Monaco and Las Vegas as one of the premier gambling destinations in the world. With no less than 33 casinos, in addition to local horse and greyhound racing venues, Macau is perfect for the betting junkie. The Wynn Macau casino is a standout, highlighted by 24-carat gold 'Tree of Prosperity' at the entrance, extravagant water displays and Moon Jellyfish Aquarium at reception.

Baden-Baden, Germany: Situated on the western foothills of the Black Forest and on the banks of the Oos River, Baden-Baden is not your typical casino town. However, in addition to its hot springs and picturesque countryside, the town is also known for its 200-year-old 'Spielbank' casino - the oldest of its type in Germany. With French chateau-style salons rooms named after historical figures such as Madame Pompadour and Louis XV's mistress, the quirky casino provides visitors with a very unique gaming experience.

Las Vegas, United States: With over 1700 licensed casinos in operation, Las Vegas offers the ultimate package for travellers who fancy a flutter. A visit to the famous 'Strip' is a must for any player, whether they're looking for a spin on the roulette table or a game of blackjack - this city has it all. The iconic Caesar's Palace hotel and casino offers 129,000 square feet of casino space plus an endless smorgasbord of entertainment, shopping and fine dining options, including Cleopatra's barge, a floating lounge perfect for a relaxing drink after a jam-packed night on the casino floor.

Manila, The Philippines: With a favourable exchange rate, Manila provides great value for Aussies wanting to live the high-life overseas. The city offers a range of shopping and entertainment options, along with a world-class casino at the Hyatt Hotel. Spread across three levels, the sparkling casino offers the newest in gaming facilities for both hotel guests and visitors, and is just a short distance from Manila's tourist hub.

Sun City, South Africa: Known as 'Africa's Kingdom of Pleasure,' this luxury resort and casino complex, just two hours from Johannesburg, boasts two large casinos, two 18-hole golf courses and a wildlife reserve. At the extravagant yet picturesque Palace of the Lost City, guests are treated to stunning valley views from the guestrooms, along with exclusive access to the Grand Pool. The nearby Sun City Casino is the entertainment Mecca of the resort, featuring a myriad of gaming options as well as an indoor jungle of native foliage and water fountains.

Atlantic City, United States: Regarded as the US's 'Las Vegas of the East', Atlantic City in New Jersey is renowned for its gambling, shopping and fine dining. Towering above the banks of the Atlantic Ocean, the Trump Taj Mahal casino is an icon of the city, with an on-site shopping district and an abundance of restaurants and bars. The 157,000 square-foot casino is also hard to miss, with 3,500 slot machines and 200 table games. Unveiled in 1990 by a number of celebrities, including the late Michael Jackson, the casino is the second-largest in Atlantic City and well worth a visit.

Genting Highlands, Malaysia: Nestled on the Titiwangsa mountain range, just an hour's drive from Kuala Lumpur and 6,000 feet above sea level, the Resorts World Genting offers 360-degree views of the surrounding countryside. This spectacular resort has first-class accommodation, dining and entertainment, while avoiding the hustle and bustle of a capital city. The on-site casino, which covers 200,000 square feet, is Malaysia's sole gaming venue and is divided into separate themed areas, such as Hollywood and Monte Carlo, for the ultimate gambling experience.



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Thursday, January 13, 2022

Media Man Network Blog: New York 51% tax on Sports Betting

New York 51% tax on Sports Betting



Read all about it...

New York became the largest US state to embrace online sports betting but the high tax rate makes it close to impossible to compete.

The betting companies operating in the Empire State include DraftKings, FanDuel, Caesars Sportsbook, and Rush Street Interactive.

That'll make it harder for operators to profit off their customer bases in the state, Jason Ader, CEO of SpringOwl Asset Management and 26 Capital Acquisition Corp, tells MSN News.

"Everybody wants to be in New York because it's a trophy market in terms of the size of the state and its importance, but the tax rate is really prohibitive," Ader said. "It's very hard to make money in sports betting. Put 51% tax rate on it and it's maybe a bit more like a fool's gold rush than a gold rush."

As far as players go, these taxes will likely be passed down in the form of less attractive lines, bonuses and cashout fees.  In the early months, companies may seek to reduce the affect on customers.  These companies will also report all winnings to the IRS, something offshore sportsbooks and local bookies do not do.

Some websites licensed outside the state in offshore jurisdictions continue to do business in New York.  Many, like Bovada, BetOnline and BetAdrian, have pulled out of that market.

Tuesday, January 11, 2022

Media Man Network Blog: Bloomberg: Bitcoin Death Cross Is Staring Down Bulls After a Painful Retreat - 11th January 2022

Bloomberg: Bitcoin Death Cross Is Staring Down Bulls After a Painful Retreat


Bitcoin, the most popular means to send and receive funds within online gambling restrictive markets, has seen its price tumble in recent weeks.

The price of Bitcoin was up nearly 2% Tuesday late morning in the US to $42,486.90.

Bloomberg warned of crypto being mired in a drawdown as the Fed readies a stimulus withdrawal and the IMF issued its latest warning on crypto risk to financial markets.

From Bloomberg:

After one of roughest patches ever for Bitcoin enthusiasts, holders of the largest digital currency are facing an ominous technical price pattern with a name that suggests more pain ahead. 

Known as a death cross, the measure shows up whenever an asset’s average price over the last 50 days drops below that of its 200-day moving average, an indication that its momentum is headed downward. And though it hasn’t occurred yet for Bitcoin, it looks to be on course to hit it later this week, according to Mati Greenspan, founder of Quantum Economics. 

The latest dropoff among digital assets comes as policy makers look to commence a series of rate hikes as soon as March.

That indicator is supposed to be bearish but Bitcoin’s track record around death-cross formations remains murky, according to Bloomberg.

Then there's perhaps an even bigger concern that the International Monetary Fund has warned of parallels between cryptocurrency price moves and the stock market posing a risk to financial markets.

From Bloomberg News:

Analysts have long noted that Bitcoin -- and, therefore, other cryptocurrencies -- tend to move in tandem with stocks. Lately, that relationship has strengthened. Both have been volatile recently amid signs that the Federal Reserve was comfortable withdrawing stimulus at a faster pace than previously anticipated.