Month: March 2021

Ocean Resort And Hard Rock Land In Atlantic City

We have seen that, in recent years, Atlantic City and its casinos have evolved a lot. We must admit that these establishments have come a long way, especially since the terrible crisis of 2008 which particularly caused damage in this sector. A nasty period during which many leaders were forced to make concessions; by closing for example five of the twelve casinos on site. And, as a sign of regained good health, two of them have just reopened their doors just a few days ago. Under new management, the Hard Rock Atlantic City and the Ocean Resort Casino are rising from their ashes. An opportunity for to see if this would not mark here a revival for Atlantic City…

Things Are Moving In Atlantic City

In any case, we can certainly say that there is indeed something new in Atlantic City. This city, which for a long time was a leading gambling destination in the United States and which is located a few kilometers from New York, has in fact allowed its twelve main casinos to rake in very good and big profits. But that was before the 2000s. Currently, there are only seven casinos in operation. This is also one of the reasons why investors are cautious and rather hesitant to take risks. It is indeed difficult for them to come and bring their capital to these establishments which, however, are no longer really experiencing the crisis.

But if investors are more on the reserve, there is one who has not really hesitated for long, seeing in the former Trump Taj Mahal as an interesting potential to exploit. The firm Hard Rock Entertainment has therefore effectively bought the property in bankruptcy, not afraid to spend millions, just to bring it up to date and especially to its taste and style.

New Casinos Already Open

More surprisingly, and seeing himself rather rarely usually in this universe; the Hard Rock Casino finally opened a day early. This gaming establishment has therefore been accessible since last week. History to stand out and make noise, he plans to offer his visitors several festivities, including the upcoming arrival of rapper Pitbull and Carrie Underwood, singer-songwriter and American actress whose musical universe is close. country and pop. An establishment then remained closed for 4 years, from 2014 to this year.

But the Ocean Resort has made it known since its opening that it does not really intend to focus solely on casino games. He intends to rub shoulders with sports betting. It therefore stands out from its new rival Hard Rock Atlantic City, taking advantage of the fact that the latter does not have a bookmaker. An opportunity for him to stand out and reach an additional clientele by offering something really new and profitable through a space dedicated to sport within his structure and on no less than 700m² of surface. On this occasion, new visitors who came to attend the opening of the establishment were able, for example, to linger at the William Hill stand, which was entitled to its temporary location for the opening day. Our little finger tells us that William Hill plc,

Casinos Are Still Popular

The casino world is now in perfect growth and Atlantic City seems to intend to recreate the affluence in the city and to revive its rating with these two new openings. But these kind of casinos are not the only ones to win the hearts of players. American tribal casinos also still have the odds on their side, as the results of their form in 2017 prove so well, signing here a seventh year of growth …

American tribal casinos are indeed showing constant growth. We have seen that they always generate more money each year and it is not the figures for 2017 that will say the opposite, revealing to us this week that the whole industry generated no less than $ 32.4 billion in turnover. A very good figure which represents a growth rate of 3.9% over the previous year. If that doesn’t mean much to you, just imagine that this rate is above the results of Macau casinos in 2016!

We Tell You Everything About The Privatization Of The FDJ

We have just learned at the end of last month that the Française des Jeux will most certainly soon be privatized. A privatization which is therefore progressing well since the end of June and which is, as confirmed by the Minister of the Economy Bruno le Maire, a decision which in fact takes place within the framework of the PACTE project. The PACTE project (Action Plan for Growth and Business Transformation) is an action that will take place soon alongside the privatizations of Aéroports de Paris, but also of Engie.

An Announcement In The Second Quarter

If there is a lot of talk in the media about this project which, as you will read below in this article is in great progress, it is because it was already originally announced for the month of April 2018. The project PACTE law now seems to be ready, or finally almost, because it was then presented on Monday, June 18, indicating that it proposes in particular to privatize several public companies, in particular the Française des Jeux. Which is not a surprise, this firm being particularly profitable and especially responsible for nearly 1% of the annual GDP.

The FDJ Among Our French Neighbors

The FDJ is therefore the organization which has the monopoly on gambling among our French neighbors. It manages with an iron fist dozens of scratch games, but also sports betting and of course the essential and traditional lotteries such as Loto or EuroMillions. It is a firm that all the French people know and which insists more and more on its digital section to continue to conquer more and more new and especially young players.

But if the FDJ is a must in France, it is because it brings every year around € 3 billion to the State. It is an ultra profitable company that offers games with very low payout rates. A peculiarity which is, you will have guessed by now most certainly guessed, not foreign to its benefits.

An opportunity for the State, which owns 72% of the FDJ, to ensure a healthy regular income. But everything will soon be turned upside down with this project which will therefore very soon reduce this share of the pie, just to allow investors to now be able to buy shares in the firm. Obviously, no one is fooled and we can easily imagine that these investors will most certainly be foreigners.

The Pact Will Change The Face Of The FDJ

We are therefore faced with what should very soon be a new authority to regulate gambling in France. This Pacte bill, which was therefore unveiled on June 18, is likely to change the face of the Française des Jeux.

Today we know even more than at the end of June. We know, for example, that this project paves the way for the transfer of State shares in three companies, which could be privatized. Understand by this that there should therefore soon be a whole new regulatory authority for gambling which could be born in the coming weeks in France. And there will therefore necessarily be a bill to create a new regulatory authority.

On this occasion, a brand new online gaming regulatory authority has just been submitted by MP Olga Givernet to 5 different ministries. She therefore proposed a new law aimed at developing a completely new online gaming regulatory authority. Obviously, this authority will have to be independent and unique.