🏆OCTOBER 2022 GAMBLING NEWS 🥇

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In our first story, Mohegan Sun Casino & Resort in Connecticut has been named "the Best Casino Hotel" by USA Today. This is the fifth time in a row that the casino complex operated by the Mohegan Tribe has been recognized as the best gaming, entertainment, and leisure destination in the country. The resort, located in Uncasville, earned the title thanks to its design that tells the story of the Mohegan people and their culture, luxurious rooms outfitted with the latest technology, and other numerous premium amenities, such as a pool, spa, and fitness center. 

This year, the USA Todays list looks a bit surprising due to the one glaring omission. For the first time in years, no Las Vegas resort has made the Top 10. 

 

Next up, Macau casino stocks soared on Monday, as the city officials indicated the Chinese government is readying to open up travel and ease the Covid restrictions. After a rough two years due to the repeated lockdowns, this is finally a piece of good news for Macau casino operators, as now people can return in numbers to the world's largest gambling hub. 

After the government announcement, US casinos stocks with Macau's exposure took off in Monday's market trading. The top two performers were Wynn Resorts and Las Vegas Sands, with a 12 and 11.7 percent rise, respectively. This is a positive development for the American casinos in Macau, which have been in a downtrend since the United States launched the trade war against China in 2018.

 

In our next story, the Philippines are about to shut down the operations of 175 offshore gambling companies and deport nearly 40,000 Chinese workers. The action comes as a part of the major crackdown by the government on the notoriously shady online casino industry. 

The whole online gaming sector in the Philippines has been rapidly developing since 2016 as casinos saw the South-Asian country with liberal gambling laws as a perfect location from which to target gamblers in China where gambling is illegal. At one point, before the pandemic, Philippine offshore gambling operators had more than 300,000 Chinese employees. However, after numerous reports on criminal activities, including murders and kidnapping committed by Chinese nationals against their compatriots, the government had to resort to tough measures. 

 

In our last story this week, Staten Island President Vito Fosella has invited interested developers and the New York State Gaming Commission to take a chance and consider this borough as a potential landing spot for the new casino in downstate New York. The Commission will award three Class III full casino licenses, and Fosella hopes that one of these will end up in his part of town. 

As the only part of New York without any type of gambling, Staten Island would probably be a desirable location for potential developers. Fosella has already suggested a perfect location, at the site of the failed New York Wheel project. Sitting across from Manhattan in picturesque surroundings, this spot could easily become a destination with both gambling and tourist appeal.