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Archive for January 3rd, 2019

Caesars Steps Up Effort to Combat Human Trafficking with Two Key Partnerships

Caesars announces joint work with two dedicated organizations to observe the National Human Trafficking Awareness Month

Las Vegas casino and hospitality giant Caesars Entertainment Corp. today announced that it has strengthened its commitment to combat human trafficking and commercial sexual exploitation of children through partnerships with two global organizations that work to prevent and eradicate the issue.

The announcement arrives as part of the company’s initiatives to honor the National Human Trafficking Awareness Month. According to a number of organizations, human trafficking is the world’s most rapidly growing crime. The International Labor Organization believes the human trafficking industry annually pulls in an estimated of $150 billion. And women and children represent the majority of victims, studies show.

Caesars revealed today that it has signed the Tourism Child-Protection Code of Conduct (The Code) of ECPAT-USA, a leading anti-child trafficking policy organization that seeks to put an end to the commercial sexual exploitation of children.

The Code promotes a set of shared business principles that are promoted to travel and hospitality companies to aid them in the prevention of human trafficking and exploitation. Caesars is the first casino company to have signed The Code. The framework established by ECPAT-USA’s initiative encourages companies to offer training and enact a value chain, and to support stakeholders and collaborate with them.

Commenting on Caesars’ involvement in the initiative, the company’s Executive VP of Public Policy and Corporate Responsibility, Jan Jones Blackhurst, said that they are “deeply committed to eliminating sex trafficking and all other forms of human trafficking in our industry and beyond.”

Caesars Joins ITP

The hotel and casino giant additionally announced today that it has joined fellow hospitality companies as a member of the International Tourism Partnership. Generally speaking, the organization includes industry leaders and provides them with a platform that encourages members to share and adopt the best possible practices to end all forms of human trafficking.

Of Caesars joining ITP’s multi-pronged approach, Madhu Rajesh, Director of the organization, said this important step allows the company and other partners to work together and “make an impact on human rights issues like human trafficking.”

The Las Vegas-based company, which operates gaming and non-gaming resorts in multiple jurisdictions, has created a counter-trafficking program in collaboration with trafficking and trauma expert Dr. Halleh Seddighzadeh to prevent and combat the issue.

Among other things, the long-running program involves training of employees to identify human trafficking, particularly sex trafficking indicators across 12 properties in Nevada and North Carolina. To honor these employees, the company said today that it would host two ceremonies as part of its initiatives to observe the National Human Trafficking Awareness Month.

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The post Caesars Steps Up Effort to Combat Human Trafficking with Two Key Partnerships appeared first on Casino News Daily.

Casino Operator Melco to Go Green with Macau’s Largest Solar Array

Melco partners Macau SME to develop the city’s largest array of solar panels as part of corporate social responsibility commitment

Casino and hospitality giant Melco Resorts & Entertainment announced today that it has formed a pioneering partnership with a local small and medium enterprise to create Macau’s largest solar array.

In a statement from earlier today, Melco said that the partnership comes as a manifestation of the company’s strategy to support the development of local Small and Medium Enterprises (SMEs). It went on to point out that environmental sustainability represents a core focus of its corporate social responsibility.

Under the terms of the recently penned partnership, the major integrated resort operator and its local partner Man Io Energy will install 18,000 solar photovoltaic panels that will cover nearly 30,000 square meters of rooftop space at Melco’s City of Dreams and Studio City properties.

Once the system is fully operational, it will have the capacity to annually generate 7.7 million kWh of energy, which is the equivalent to what 1,500 average households consume a year. Today’s statement further reads that the solar panels will reduce carbon dioxide emissions by 6,000 tonnes each year, or the equivalent to the volume of CO2 that a total of 260,000 trees absorb annually.

Green Vegas

Melco is not the only major gambling and hospitality company to have expressed commitment to solar energy (and renewable energy, as a whole) in recent years. In Las Vegas, some of the big names in the local and global gambling industry have already begun drawing power or are set to soon begin drawing power from solar arrays.

It was last spring when MGM Resorts International unveiled a partnership with Chicago-based renewable energy developer Invenergy to install a 100-megawatt array of solar photovoltaic panels about 25 northeast from the Las Vegas Strip. The off-site system will consist of 336,000 solar panels that will be capable to produce electricity for about 27,000 households. Construction is set to begin this year. The array is expected to go online in 2020. MGM plans to power its Las Vegas casino resorts with the system.

Wynn Resorts began last summer drawing power from a new 160-acre, 20-megawatt solar array, located just outside Fallon, Nevada. The system supplied more than 80% of the daytime electricity consumed at the company’s Wynn Las Vegas and Encore properties during the first weekend after it went online.

Last year, Wynn Resorts also installed 103,000 square feet of solar panels on the rooftop of Wynn Las Vegas. The panels are capable of producing one megawatt of electricity.

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Chinese Gamblers Prompt Casino Growth in Cambodia

Multiple new casinos spring up in Cambodia in 2018 due to inflow of Chinese gamblers, government statistics show

Cambodia issued 52 casino licenses in 2018, bringing the overall number of licenses granted to 150, local news outlet the Phnom Penh Post reports, citing information by the nation’s Ministry of Economy and Finance.

The figure for 2018 represents a 50% increase from the number of overall licenses awarded by the end of 2017, it also becomes clear.

The massive rise was attributed to the surge of demand for casino gambling in the Preah Sihanouk province. The increased demand was, in turn, due to an influx of Chinese travelers into the Southeast Asian country.

Preah Sihanouk, a southwestern coastal province, alone is home to 88 casinos, according to Ros Phirun, Deputy Director of the General Department of Financial Industry, the government agency responsible for the regulation of the nation’s casino industry.

It is still unknown how much Cambodia’s gambling venues generated for the government last year, as the Finance Ministry is yet to complete its annual revenue report. Mr. Phirun told local media that the government targeted $56 million last year, but it is yet to be seen whether the target was reached. Casino operators are obligated to pay an annual license fee of $40,000 to run their facilities.

New Law

Mr. Phirun added that the government of Cambodia is drafting a new law for the regulation of the nation’s casino industry and that they hope once it becomes effective, revenue contributions will rise.

Cambodians are barred from gambling at the nation’s casinos. Lawmakers and regulators note that despite the ban, residents reap multiple other direct benefits from the growing number of casinos around Cambodia, as they supply food and other products to the gambling venues. In addition, the government and Cambodians benefit from higher tax revenue due to the increased investment activity in the country.

As mentioned earlier, the Preah Sihanouk province has seen a massive inflow of Chinese tourists in recent years, which has prompted the construction of new casinos and other entertainment facilities. While the increased employment opportunities and land prices, both the result from the flourishing gaming and hospitality industries in the region, have been praised as great benefits for communities, there have also been multiple concerns voiced.

San Chey, Executive Director of the Affiliated Network for Social Accountability, told local media that the growing number of casinos should not be received as entirely good news due to multiple social risk factors involved.

Mr. Chey pointed out that law enforcement might not be strong enough to deal with public order issues arising from Preah Sinahouk international visitors who, under the influence of alcohol, start fights at restaurants and other public places around the province.

Mr. Chey further voiced concerns that casinos could be used for money laundering, human trafficking, and other illicit purposes, or could become a source of multiple social problems. He went on to say that event though Cambodians are officially banned from gambling at local casinos, there are still many of them who lose millions from the practice.

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Denis Schneider Wins partypoker Grand Prix Gala on New Year’s Eve

Denis Schneider bested on New Year’s Eve the field of the partypoker Grand Prix Gala at King’s Casino Rozvadov for €75,243

The final day of 2018 was a very special one for Germany’s Denis Schneider. The player happened to be at King’s Casino Rozvadov when the world was bidding farewell to the old year, and ended up with a poker title and a nice payout.

The Czech casino, which cemented its reputation of one of Europe’s most popular poker destinations in 2018, hosted the partypoker Grand Prix Gala last month and the €550 Grand Prix Gala with a guaranteed prize pool of €500,000 was the final event to take place within the festival.

The tournament kicked off on December 16 with the first of two online starting flights. Grand Prix Gala action at the host casino began on December 26 with Day 1A. The €550 buy-in tournament featured eight starting flights and two more days of play.

By the time the final day of the event started on December 31, there had been just nine players left to battle it out for the first-place prize of €100,000 and the tournament trophy. Nine-handed action began with Germany’s Hans Joachim Hein as the chip leader. The player had 18.5 million in chips when cards were thrown in the air on Monday. The eventual champion, Denis Schneider, was part of the bottom half of the temporary leaderboard at the time.

Eventually, Schneider was the one to be crowned the victor after striking a four-way deal with Hein, a player nicknamed .mat, and Tonio Marek Roeder. The winner collected a payout of €75,243 and the tournament trophy. Hein took home €55,054 for his efforts, while .mat scooped €53,953, and Roeder was awarded €47,000 for his run in the tournament.

partypoker Grand Prix Dublin

Dublin will be the next host to partypoker’s Grand Prix live tournament brand. Grand Prix Dublin Main Event action has already started online and three of four starting flights were completed. Day 1D Online is to take place today.

Action will transfer to the host venue, Green Isle Hotel, starting tomorrow with Day 1A of the €120 buy-in Main Event. The tournament features a guaranteed prize pool of €100,000. There will be five starting flights and a final day of play.

Aside from the Main Event, the Grand Prix Dublin festival will also feature a two-day €560 buy-in high roller tournament that will run on January 4-5. Entries will have the chance to win a share of the €50,000 guaranteed prize pool.

Last but not least, the poker festival will wrap up with a special €110 buy-in satellite tournament that will offer five seats into the upcoming Irish Poker Open that will take place in April.

Image credit: King’s Casino Rozvadov

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