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Penn National Partners with Jamul Indian Village for California Casino

Penn National Partners with Jamul Indian Village for California Casino

Nestled in the hills of San Diego County, the Hollywood that is now under-construction Casino is going to be managed by regional operator Penn nationwide (Image: artist’s rendering)

Penn National Gaming is getting into the Ca market with a brand new casino project in partnership with Jamul Indian Village, about 20 miles east of San Diego. The $360 million development still needs the blessing for the National Indian Gaming Commission for Penn to be approved as its management company, but that’s mostly seen as a formality at this true point, and construction is already underway.
Penn National runs the chi-chi M Resort regarding the far south end associated with the nevada Strip; the very last casino, in fact, before you head off to Southern California.
Native Compact Put to utilize
The new project will make use of the Native American tribe’s California gaming compact, held since 1999 to be called the Hollywood Casino Jamul. The construction that is new be three stories and a total of 200,000 square legs once completed. Year it’s expected to open towards the end of next.
Penn National Chief Operating Officer Jay Snowden says the brand new casino will ‘bring to fruition [the Jamul's] eyesight to revitalize their booking and become self-sufficient, while simultaneously sharing video gaming revenue with local governments and charities.’
Increasing away from San Diego’s State Route 94, one concern had been traffic […]

Chinese Online Lottery 500.com Pays Off Nicely for Investors

Chinese Online Lottery 500.com Pays Off Nicely for Investors

Chinese on the web lottery 500.com has entered the ny Stock Exchange, and appears to be winning (Image: Wan Li/China everyday)

Investors in Chinese online lottery platform 500.com Ltd. are off to a start that is happy the New Year; within the six weeks since its ny Stock market birth, the value of this company has almost tripled from its initial public offering cost of $13.
Winning the Lottery Lottery
As the only lottery that is chinese become listed in the United States, 500.com is one of just a handful of companies set to benefit from the Chinese government’s whittling down of thousands of private lottery operators, as they license and regulate the industry to just a tiny number of companies. Most of these will ultimately be vying for the market that is potential of 400 million lottery players in the country.
‘Over the next five years it is extremely clear that the market that is chinese continue to develop very quickly and also the government regulatory regime will become more open and transparent,’ explained 500.com’s chief monetary officer Zhengming Pan.
China’s indian dreaming pokie machine free download lottery market has flourished remarkably in recent years, thanks to a rise in disposable earnings through the country, and a appetite that is national gambling and advancements in gaming technology. As a result, China’s lottery spending reached $23 billion in 2012, while the U.S. the lottery market that is largest in the planet ended up being […]