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Casino Mogul wants to launch business in North Korea
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Sheldon Adelson, the founder, Chairman, and CEO of Las Vegas-based gaming company Las Vegas Sands Corp., is planning to expand its business in an unlikely destination: North Korea.
His company presently functions in Las Vegas, Macau, and Singapore.
Late last month, Mr. Adelson and his wife, Miriam, attended and were among the speakers at an event organised by Taglit-Birthright Israel, a not-for-profit educational organisation that offers free trips to Israel to young adults of Jewish origin to strengthen their identity. The Adelsons are one of the main sponsors of the organisation. Earlier in this year, the businessman and his wife pledged $70 million to Birthright, the largest ever donation the cause has received since it was founded in 1999.
The billionaire family was among the guests at Birthright’s event in Jerusalem. Mr. Adelson began his speech before Jewish young adults attending the event saying that he was not raised in Israel and did not serve in the country’s army. He went on to say that he was actually a Korea veteran and that he hoped US President Donald Trump would get “North and South Korea finish the war” so that he could go there again. The businessman also pointed out that this time he would not fight but would rather “open up [his] business.”
Mr. Adelson was one of the main sponsors of President Trump’s 2016 presidential campaign. With the United States’ top official formerly being a casino owner himself, he is a long-time friend of the Las Vegas casino mogul.
Reports emerged ahead of the historic meeting between President Trump and North Korea leader Kim Jong-un on June 12 in Singapore that Korea had suggested the US help it build a casino resort as part of a previously proposed plan for the establishment of an international tourist destination in Wonsan-Kalma.
The plan was first presented by North Korea’s leader late last year. It involves the development of an international tourist-friendly resort on the Wonsan-Kalma coast. Construction is expected to be completed by 15 April 2019, the birthday of Kim’s grandfather and former Korean Supreme Leader, Kim Il-Sung.
Mr. Adelson’s Las Vegas Sands has been looking to expand its operations beyond its current markets for quite some time now. The company has already confirmed that it would be among the bidders for one of three gaming licenses in Japan and has been lobbying for the legalisation of Las Vegas-style gambling in Brazil.
Source: Casinonewsdaily.com
Source: Latest News on European Gaming Media Network
Latest News
FUN88 Introduces USDT Payments for Faster, Safer and More Rewarding Gaming
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FUN88, a leading platform in igaming and sports entertainment, announced the launch of USDT (Tether) as a new payment option. This addition provides users with a faster, more secure way to manage funds, ensuring smooth transactions from deposits to withdrawals. Supported by major exchanges like Binance, USDT enhances the FUN88 experience with speed, reliability and convenience.
Key Benefits of Using USDT on FUN88:
• Reliable Protection: Secure transactions, keeping the financial information private and safe.
• Fast Transactions: USDT enables instant deposits and withdrawals.
• Stable Value: Tether is tied to the US Dollar, offering a stable and predictable payment method, free from price fluctuations.
• Global Use & 24/7 Availability: USDT is accepted worldwide and available for transactions at any time, offering unlimited deposit limits.
The FUN88 KYC process follows strict anti-money-laundering policies, ensuring a safe and fair environment for all players.
FUN88 offers a secure and engaging experience with simple registration, the FUN88 app and rewarding gameplay. New players can enjoy attractive benefits, including a welcome bonus. With the integration of USDT as a payment option, FUN88 ensures a fast, secure and exciting journey for all players- from sign-up and first deposit to withdrawals.
The post FUN88 Introduces USDT Payments for Faster, Safer and More Rewarding Gaming appeared first on European Gaming Industry News.
Latest News
EGT Digital Receives Industry Impact Award at BEGE Awards 2025
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EGT Digital is proud to announce that the company has been honored with the Industry Impact Award at the BEGE Awards 2025. This special recognition celebrates our strategic influence, long-term vision, and contribution to the advancement of digital gaming technologies.
The award acknowledges EGT Digital’s commitment to innovation, the development of next-generation iGaming solutions, and our continuous efforts to shape the future of the industry.
This milestone reaffirms our position as a driving force in digital gaming and motivates us to continue delivering high-performance products, meaningful partnerships, and cutting-edge experiences to operators and players worldwide.
The post EGT Digital Receives Industry Impact Award at BEGE Awards 2025 appeared first on European Gaming Industry News.
Latest News
POKERSTARS GALACTIC SERIES PAYS OUT MORE THAN €8 MILLION TO FRENCH, SPANISH AND PORTUGUESE PLAYERS
Reading Time: 2 minutes
Series and Main Event both exceed their guarantees
PokerStars’ has once again smashed expectations in Southern Europe, with the Galactic Series, one of its most popular series for players in France, Spain and Portugal, generating an €8 million prize pool, over €1 million above the guarantee. The prize pool was shared out across 261 events and more than 343,000 entries. The highlight of the series was the Main Event that paid out €365,025 to players across the three weeks.
GALACTIC STAR BATTLES FOR SILVER AND GOLD PRIZES
Throughout the series, players had the chance to get their hands on additional Silver and Gold Passes by opting-in to the Galactic Stars Battle. Players opted in for a PokerStars Ambassador, and all those who chose to support the leading Ambassador each week being entered into a freeroll to win a Silver Power Pass.
In Spain, captains ‘WilloelPillo’ and ‘and1ero’ saw a similar pattern. Willo was victorious in weeks one and three with 327,805 and 250,763 points respectively while Álex ‘and1ero’ Romero took the advantage in week two with 318,631 points and Esteban ‘estiwinho’ Pascual couldn’t reach the top spot in any week.
Silver and Gold Passes can be redeemed as entries to a range of PokerStars Live events throughout the year, including marquee stops at the European Poker Tour (EPT) and the PokerStars Open, which debuted this year and have provided players across Europe with world class poker at accessible price points with lively, grassroots-style atmosphere and entertainment. Closing out the season, EPT Prague starts December 3 and runs until December 14, and will be followed by PokerStars Open Cannes on December 16. Players with Gold or Silver Passes can redeem them for entries at both of these events.
“Once again, we’ve seen players from all over France, Spain and Portugal come together to enjoy the Galactic Series”, said Sandro Forleo, Head of Poker Operations for Southern Europe and Italy at PokerStars. “Our Mega Mystery events, where bounties can be won as soon as late reg closes, proved especially popular and continued to offer something new and enjoyable to players at all experience levels.”
The post POKERSTARS GALACTIC SERIES PAYS OUT MORE THAN €8 MILLION TO FRENCH, SPANISH AND PORTUGUESE PLAYERS appeared first on European Gaming Industry News.
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