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It was like a symbolic exclamation point to The Donald’s withdrawal from the race to become the Republican party’s presidential nominee.
Even as newly-elected Chicago Mayor Rahm Emanuel pushes for a city-owned casino to help solve the city”s massive budget deficit, another part of the state’s gaming industry is looking at casinos as the savior of their threatened sector.
The top item on the legislative agenda of Rahm Emanuel was the reform of the educational system. Now that he has gotten approval for the plan to impose longer school days and a longer school year, reduce the requirements to fire tenured teachers, and make it more difficult for them to strike, the newly-elected mayor is set to take on an issue which has been left hanging by Chicago politics for years – getting a casino for Chicago.
With a “the more, the merrier” attitude, Steve Wynn, the Chairman and CEO of Wynn Resorts Ltd and Wynn Macau Ltd, welcomed the addition of the newly-inaugurated $2 billion, 550,000 sq. m. Galaxy Macau, the latest casino-resort complex on the Cotai Strip.
Despite the arrival of a new rival down the neighborhood, Macau casino gambling company Melco Crown Entertainment Ltd. got a taste of increased earnings last Thursday.
This weekend, the eyes of horse racing aficionados will be glued on the Preakness Stakes, colorfully called “The Run for the Black-Eyed Susans”.
“I think that Macau market growth rate for the first quarter will be exceeded in the future because of Galaxy.” This was the bold statement of the widely renowned U.S casino gambling mogul Steve Wynn — CEO of Wynn Resorts Ltd and Wynn Macau Ltd
A state which was always known to be one of the frontrunners of the nation’s gambling industries is now clinging on the edge of the cliff, waiting for some sort of a lift from their problems.
Gambling was first legalized in Singapore for a brief period in 1823 when it was a British colony. After three years, gambling again became illegal with the exception of Singapore Pools, a government-run lottery.