The Mystic Gambler

Casino Gambling Tips and Information

Powerball Jackpot to Hit $443 Million for Next Drawing

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At the start of the year, a player from Michigan secured Powerball’s staggering $842 million jackpot. The lucky winner guessed correctly all winning numbers, including white balls 12, 21, 42, 44, 49 along with the red Powerball 1, taking home a whopping $842 million or $425.2 million cash value jackpot. Yet, ever since this drawing, the jackpot from the popular game has been continuously growing.

With the next drawing of the game scheduled for Saturday, March 2, 2024, it has now been roughly two months since the last win of the grand prize. Data from Powerball reveals that the estimated cost of the jackpot for Saturday’s drawing is a staggering $443 million. The cash value for the jackpot is $210.3 million, which is half of the estimate if the lucky winner accepts annual installments but still a life-changing sum.

The latest drawing for Powerball was held on Wednesday, February 28, 2024. Winning numbers from the draw included white balls 16, 26, 29, 38, 50, as well as red Powerball 6. While no one secured a second-tier prize of $1 million, one lucky customer took home a Power Play prize of $2 million from the drawing on Wednesday after guessing correctly all winning white numbers.

Another 10 lucky winners won $50,000 each for guessing correctly four white balls along with the red Powerball. Three more players who guessed the same number of winning numbers collected a $100,000 Power Play prize each.

Some 284 Powerball players hit a $100 prize each by guessing correctly four winning white balls, while 93 took home a $200 Power Play prize each.

Mega Millions’ Grand Prize Increases Too

Besides Powerball, the jackpot from another favorite lottery game in America continues to swell. After surviving the drawing on Tuesday, February 27, 2024, the grand prize from Mega Millions continued to grow.

The next drawing of the popular lottery game is scheduled for Friday, March 1, 2024, at 11 PM ET. The grand prize from Mega Millions is estimated at a staggering $607 million for the next drawing. A cash option is also available which is estimated at $286.9 million.

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Bloomberry Resorts Reportedly Explores Jeju Casino Sale Options

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Bloomberry Resorts Corp, the leading integrated resorts operator in the Philippines, may be looking to offload its South Korean casino asset, Jeju Sun, a new report suggests. The potential divestment comes less than a decade after the company attempted to sell its resort back in 2016. At the time, the sale of Jeju Casino did not go through so this may be Bloomberry’s latest effort to offload the asset.

The pandemic impacted the operations of the South Korean casino which has been recovering ever since. Traveling gradually has been returning to pre-pandemic levels in the past few years, which impacted the performance of Jeju Casino positively. For example, the casino’s gross gaming revenue increased by threefold to PHP 14.7 million ($261,900) for the third quarter. Despite the increase, the resort’s gross gaming revenue represented a tiny fraction when compared to the PHP 13.3 billion ($236.8 million) in revenue reported by Solaire Resort & Casino in Manila, the Philippines.

Divesting the Asset Is Sensible Decision

Juan Paolo Colet, the managing director at China Bank Capital Corp, a leading investment bank, who was recently cited by Philippine Daily Inquirer, commented on the topic. He revealed that Jeju Casino has been generating losses for Bloomberry. This is why, according to Colet, it makes sense for the company to consider offloading the South Korean casino asset. Finally, Colet said: “At this time, Bloomberry is more focused on domestic growth, but I will not be surprised if they eventually reinvigorate their international strategy.”

“The Korea operations have been a losing proposition for Bloomberry, so it makes sense for them to divest from that market.“

Juan Paolo Colet, managing director China Bank Capital Corp

Divestment of strategic assets isn’t a new occurrence in the gambling vertical. Hospitality and gaming operators across the globe consider offloading certain assets or in some cases engaging in multi-million and even multi-billion mergers and acquisitions. Such deals help gaming and entertainment operators focus on specific targets or offload assets that are not generating enough proceeds.

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Jackpots Galore At Pittsburgh’s Rivers Casino

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Jackpots Galore At Pittsburgh's River Casino

An extraordinary number of patrons of Rivers Casino Pittsburgh who played Aristorcat’s Dollar Storm slot game won five-digit jackpots, the casino announced Tuesday.

Rivers Casino Pittsburgh is currently one of the most popular gambling and entertainment destinations for Pennsylvania and only recently paid out its biggest jackpot. Back in August 2022, [Read more…] about Jackpots Galore At Pittsburgh’s Rivers Casino