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intends to mortgage the newly opened Caesars Forum convention center and borrow 0 million from Caesars Entertainment Corp.-affiliated real estate investment trust Vici Properties Inc. The announcement comes as Eldorado and Caesars near the completion of their .3 billion merger. The deal is expected to close by the end of July, pending regulatory approval from four agencies. Vici, which owns the land under several resorts, including Caesars Palace and Harrah’s, also announced that it will be adding more Strip land to its portfolio.

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The REIT agreed to acquire roughly 23 acres of undeveloped land adjacent to the center of the Las Vegas Strip for $103.5 million. The total proceeds expected from both transactions is $503.5 million, according to a Monday news release. “We are pleased to further our relationship with VICI through these transactions,” Eldorado CEO Tom Reeg said in the release.

“The combination of these two transactions will serve to strengthen our balance sheet and provide added liquidity.” The five-year mortgage is secured by Caesars Forum and has a 7.7 percent interest rate subject to a 2 percent annual escalation. It will be pre-payable beginning in the third year. Both deals are expected to close in the third quarter and are pursuant to a nonbinding letter of intent with Vici and subject to the completion of the merger.

Eldorado shares closed up 4.5 percent Monday to .44. Philippines, South Korea, Japan and others on the mainland as well as the special administrative regions of Macau and Hong Kong; Malaysia, and Singapore along with far-flung places like the Maldives and the British Indian Ocean Territory where there are no casinos as there are none in Indonesia. By far, the most important economic center of casino activity in the world is Macau. Yearly revenues dwarf those of even Las Vegas, but it's not the only important gambling mecca in the region. Two major casinos opened in Singapore in 2010 - Marina Bay Sands and Resorts World Sentosa with nearly a quarter million square feet of gaming space between them.

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Resorts World Genting nearly matches that and features the world's largest hotel. South Korea is a major player in its own right between Jeju Island and Hard Rock International's $5 billion integrated casino resort opening next to the Seoul Incheon International Airport. Vietnam now allows its citizens to play in some casinos there and is seeing major, multi-billion dollar investments in casino resorts in metropolitan areas and beachside in the outlying provinces.

Japan has the potential to outstrip Macau revenues by some projections but as of late 2017, lawmakers have not yet decided on the regulatory framework or casino density and other rules, leaving the country's eventual economic importance an open question. Until plans are firmed up, licenses awarded, and business plans released, you can explore all of the horse racing venues of Japan.   Although Macau has implemented planned growth and requires alternative entertainment in all new development, one synergy most of East Asia lacks is a harmonious relationship between family tourism and casino gambling.  

Most of the great tourist attractions of the region lack casinos. There are casinos in Nepal, but Indonesia is bereft and the powers that be in Mongolia have yet to create a pathway for the industry to make inroads and fatten their coffers with much-needed gambling revenues.

The Philippines has created their own "mini-Macau" and development is proceeding away from the urban centers and away from Metro Manila. The most phenomenal growth in East Asian gambling has actually been online. Although the markets are grey and even black - Chinese, Singaporean and Malaysian online customers are flocking to online casinos and sports betting sites whenever they can figure out how to get their money into and out of the casinos.

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Use the menu here to explore the countries, laws, casinos, and other gambling opportunities available in East Asia. The deeper you drill, the more refined the information becomes. Most Western European countries attempt to abide by guidelines adopted by the European Commission when updating their gambling laws. In practice, individual nations are free to establish governmental or private monopolies or allow for more than one operator to be licensed. Pre-Brexit, the UK already had a robust regulatory framework with stringent controls and licensing requirements through their Gambling Commission and the Gambling Act of 2005. The UKGC administers both online and terrestrial casinos and all other forms of betting in Great Britain including the National Lottery, sports betting, and horse racing. However, cross-border protections are virtually non-existent. To date, there has been no EU legislation passed that deals specifically with gambling, so individual countries enact their own laws and legislation, mostly in accord with the EU's suggested framework.

Most of the EU's focus is on internet gambling as that is the sector that reaches across borders. Online operators licensed in France are not allowed to offer casino gambling. France has a long history of gambling and is home to a thriving casino industry. The people of France simply choose online casinos from the world at large.