Tag Archives Holdings

Welcome financial news from Imperial Pacific International Holdings Limited

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In the Commonwealth of the Northern Mariana Islands and besieged casino operator Imperial Pacific International Holdings Limited has reportedly asked a federal court to allow a foreign investor to place slightly over of $5.59 million into a local bank account for its own benefit. According to a report from the Marianas Variety newspaper, the ...

Suncity Group Holdings Limited ups its stake in Summit Ascent Holdings Limited

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Asian junket behemoth Suncity Group Holdings Limited has reportedly announced the completion of a deal that has seen it pay approximately $160 million in order to acquire a further 41.69% stake in Russian casino operator Summit Ascent Holdings Limited. According to a report from Inside Asian Gaming, the Hong Kong-listed firm had previously held ...

Twin River Worldwide Holdings Incorporated to rebrand under the Bally’s name

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Hard on the heels of completing its $25 million purchase of Bally’s Atlantic City and American casino operator Twin River Worldwide Holdings Incorporated is reportedly set to change its corporate identity to be more reflective of its latest acquisition. According to a Monday report from the New York Post newspaper, the Providence-headquartered firm has agreed ...

GVC Holdings brands awarded German online sportsbetting licenses

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British iGaming and sportsbook operator GVC Holdings has announced that four of its biggest brands have been awarded with licenses to operate online sportsbetting in the regulating German market. The London-listed firm used an official press release to detail that the decisions regarding its Ladbrokes, SportingBet, Bwin and Gamebookers brands are immediately effective although ...

Twin River Worldwide Holdings Incorporated buying Illinois casino

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American casino operator Twin River Worldwide Holdings Incorporated has announced the signing of an all-cash deal that is to see it pay some $120 million so as to acquire Jumer’s Casino and Hotel. The Providence-headquartered firm used an official Thursday press release to declare that the western Illinois facility is currently owned by Delaware North ...

Pariplay’s new partnership agreement with 888 Holdings to see widespread availability of its games portfolio in Romania’s iGaming space

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Pariplay Ltd., a leading B2B provider of iGaming Solutions and games has further expanded its footprint in the Romanian market via a partnership with London-listed online gaming entertainment company 888 Holdings PLC, (LSE: 888) for its award-winning online casino brand 888casino. Responsible for innovative products including the Ignite Studio development program and the Fusion ...

Alvin Chau showing commitment to Suncity Group Holdings Limited

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The main investor in Asian casino management firm Suncity Group Holdings Limited has reportedly transferred shareholder loans worth approximately $500 million into perpetual securities featuring no maturity date. According to a report from Inside Asian Gaming, the Hong Kong-listed enterprise declared that the move from Alvin Chau (pictured) will allow it to ‘reduce its ...

Imperial Pacific International Holdings Limited investor offloads shares

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Billionaire Chinese businesswoman Cui Li Jie has reportedly offloaded 1.54% of her stake in besieged casino operator Imperial Pacific International Holdings Limited after a steep decline in its share price triggered margin finance enforcement action. According to a report from Inside Asian Gaming, the 61-year-old also serves as Chairman for the Hong Kong-listed firm ...

Sega Sammy Holdings Incorporated records $31.3 million quarterly loss

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Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly recorded a worrying loss of approximately $31.3 million for the second quarter as the ongoing coronavirus pandemic hurt sales across almost all of its business segments. According to a report from Inside Asian Gaming, the result for the three months to the end of June ...

Imperial Pacific International Holdings Limited executives indicted in Saipan

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In the Commonwealth of the Northern Mariana Islands and two executives for the firm behind the under-construction Imperial Palace Saipan have reportedly been indicted on federal charges concerning allegations that they may have helped a contractor to illegally import some 600 foreign workers. According to a report from Inside Asian Gaming, Imperial Pacific International ...

MGM China Holdings Limited details dire second-quarter financials

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The MGM China Holdings Limited subsidiary of American casino operator MGM Resorts International has reportedly released its second-quarter financial results showing that its net revenues tumbled by 95% year-on-year to just $33.2 million. According to a report from Inside Asian Gaming, business at the operator’s two venues in Macau has been severely damaged by ...

Oryx Gaming content to “perfectly complement” 888 Holding’s existing offering

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Slovenian provider of omni-channel turnkey solutions, Oryx Gaming, has signed a partnership agreement with London-listed online gambling operator, 888 Holdings (LSE: 888), that will see its content integrated onto the latter’s platform to span several regulated markets. Featured in the integration, content from Oryx’s Remote Game Server (RGS) platform, including proprietary Oryx games, along ...

HMRC expands investigation into GVC Holdings

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In the United Kingdom and tax authorities have reportedly widened their ongoing investigation into retail and online sportsbook operator GVC Holdings allegedly regarding the activities of its former Turkish subsidiary. According to a Tuesday report from The Guardian newspaper, the initial probe from Her Majesty’s Revenue and Customs (HMRC) was launched earlier this month ...

888 Holdings to boost Live Casino offering via NetEnt content agreement

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Swedish online casino software developer NetEnt has inked a commercial deal with online gambling operator 888 Holdings that will see its range of live casino content launch with the London-listed company. Courtesy of the collaboration, the Gibraltar-headquartered company’s online casino brand 888casino will now offer its players NetEnt’s award-winning portfolio of live casino games, ...

Twin River Worldwide Holdings Incorporated grows its casino portfolio

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American casino operator Twin River Worldwide Holdings Incorporated has announced that its estate now encompasses nine venues following the official acquisition of a brace of riverboat properties from compatriot Eldorado Resorts Incorporated. The New York-listed firm used an official Thursday press release to detail that it has completed the deals to purchase the Lady ...

GVC Holdings set to implement coronavirus lockdown emergence plan

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In the United Kingdom and prominent high street bookmaker GVC Holdings has announced the formulation of a ‘comprehensive plan’ that it believes will soon allow its shops to begin emerging from their coronavirus-related lockdowns. The London-listed firm is responsible for approximately 3,500 such venues nationwide via its 2018 acquisition of Ladbrokes Coral Group and it ...

Relax Gaming inks milestone deal with GVC Holdings

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In a move that will greatly boost its global presence, Relax Gaming has joined forces with British sports betting and gambling company GVC Holdings. Courtesy of the agreement, the Isle of Man-headquartered company’s leading gaming operators will gain access to Relax’s proprietary slot titles, including popular games such as the Aztec-themed Temple Tumble, Money Train ...

GVC Holdings agrees key partnership deal with Red Rake: completes milestone Ladbrokes Coral migration

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Spanish online gaming software developer Red Rake Gaming has announced that its diverse range of casino games is now live with one of the industry’s top online casino operators, GVC Holdings PLC (LSE:GVC), which a day prior completed the successful migration of all five Ladbrokes Coral brands. The new partnership distribution agreement will see ...

GVC Holdings warns of financial fallout from coronavirus pandemic

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Prominent online casino and sportsbook operator GVC Holdings has warned investors that its annual earnings before interest, tax, depreciation and amortization could fall by as much as £150 million ($175.9 million) this year as a result of the ongoing global coronavirus pandemic. The London-listed firm is responsible for such domains as PartyPoker.com, Bwin.com and ...