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In our first story this week, GameFi is the hottest thing in the crypto world right now. The latest virtual craze combines the thrill of gaming and the DeFi platform, a decentralized finance field where people can perform transactions on the blockchain.
The GameFi is based on this platform, using decentralized applications, or dapps, to deliver the play-to-earn type of games. Players in these games can buy, sell, or trade tokens earned for performing various in-game tasks. These tokens are the reward for winning battles, mining virtual resources, or growing digital corps.
While various tokens have been present in the gaming world for quite some time, this is the first platform where they can be legally sold outside of games and traded for real cash.
Next up, we take a look at the major Las Vegas developments and deals planned for 2022.
Last year, San Miguel Tribe announced the plans to purchase The Palms casino and resort in a deal worth $650 million. In the meantime, the deal has been completed, and the grand opening is planned for this spring. The renovated complex will feature a casino, 700-room hotel, convention center, restaurants and bars, theater, pool, and spa.
In another major move, MGM Resorts International acquired The Cosmopolitan from the investment company Blackstone. The purchase is a part of a larger deal worth a whopping $5.65 billion.
Hard Rock Internation didn't sit still, either. The Seminole Tribe-owned company expanded its presence in Vegas by purchasing The Mirage for more than $1 billion.
In our next story, after several months of uncertainty, Macau casinos receive some encouraging news. Reportedly, the government will issue a maximum of 6 new gambling licenses that will be valid for up to 13 years. The new measures will also include limiting the public float of casino operators.
The new licenses will initially carry the 10-year term, which could be stretched to three more years. This is good news for Macau gambling companies, as it's expected that all 6 of them will receive a license renewal. Furthermore, new regulations will be much more lenient than first expected and won't include tight government supervision. After a tough last year due to Covid, the new legislature should also encourage investors and cause casino stocks to soar.
In our last story, Ceasar's Sportsbook teams up with the Michigan State University. On Thursday, the company has announced a multi-year partnership with the MSU which will make the Las Vegas-based sportsbook the exclusive betting and iGaming partner of Spartans' athletic department.
Per terms of the deal, Ceasar's will have their brand shown on TV-visible signage during the broadcasts of MSU's football, basketball, and hockey games. As the Spartans are a part of the Big Ten conference, this means that Ceasar's advertising will be frequently shown on national TV networks.
In addition, the sportsbook will provide scholarships and internship programs for MSU students interested in careers in sports. On the other hand, Ceasar's customers will be able to enjoy the VIP experience with the East Lansing school.
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