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Las Vegas Tough Times

The troubled economic times which the US is currently battling through were again showcased in a USA Today article last week, which reported that between October 2008 and mid-March 2009 some 402 conventions and meetings scheduled for Las Vegas had been cancelled.
 
The gambling mecca has been among those hardest hit by companies either cutting back on expenditure on conferences or canning corporate jollys as precautionary PR moves.
 
The newspaper quoted statistics from the Las Vegas Convention and Visitors Authority, which revealed that the 402 cancellations cost the Las Vegas area's economy $166 million - and that did not include lost gambling revenue!  In Las Vegas, convention attendance totaled 583 168 people in February 09, down a worrying 35 percent from February 2008.
 
The Authority is working hard to provide its hotel partners, clients and the business community with the tools and incentives to "offer balance'' to the discussion of meetings and business travel, USA Today reported.
 
"We have to ensure that the value and importance of the meetings and convention industry is made clear," Rossi Ralenkotter, LVCVA president and CEO, said in a statement to the newspaper. "It is essential that we work hard to continue to promote business travel to Las Vegas."
 
The LVCVA has launched a comprehensive, online toolkit to provide information and resources for clients and hotel partners to stay abreast of developments in the meetings industry. Clients can access statistics, client testimonials and other information showing the reasons events are successful in Las Vegas. Hotel partners were provided tools to promote group travel to the destination, as well as updates on developments in business and Congress on the industry.
 
For a sense of persepctive, it should be noted that Las Vegas annually hosts some 22 000 meetings and conventions, which provide 46 000 jobs and $8.5 billion in economic activity, the LVCVA said.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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