Tag Archives Holdings

Entain in talks to purchase a slice of Tabcorp Holdings Limited

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Fresh from rebuffing a $11.1 billion takeover offer from MGM Resorts International and prominent land-based and online sportsbook operator Entain is now reportedly attempting to buy a significant portion of Australian sportsbetting giant Tabcorp Holdings Limited for an undisclosed amount. According to a report from the Bloomberg news service, the London-listed firm behind the ...

PointsBet Holdings Proprietary Limited inks Detroit Red Wings alliance

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Australian online bookmaker PointsBet Holdings Proprietary Limited has announced the signing of an agreement to serve as the official gaming partner for the Detroit Red Wings franchise of the National Hockey League (NHL). The Melbourne-headquartered operator used an official Tuesday press release to declare that the multi-year arrangement has been ‘designed to enhance fan ...

Suncity Group Holdings Limited unveils Hoiana second phase schedule

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Asian junket operator Suncity Group Holdings Limited has reportedly announced that it intends to begin construction on the second phase of its $4 billion Hoiana integrated casino resort from sometime later this year. According to a report from GGRAsia, the Hong Kong-listed firm provisionally opened the first stage of the giant Vietnamese development in ...

Imperial Pacific International Holdings Limited apathetic to Chinese ‘blacklist’

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In the Commonwealth of the Northern Mariana Islands and the boss for beleaguered casino operator Imperial Pacific International Holdings Limited has reportedly expressed his indifference concerning China’s ‘blacklist’ of overseas tourist destinations. According to a report from Inside Asian Gaming, Donald Browne serves as Chief Executive Officer for the operator behind the temporarily-shuttered Imperial ...

GVC Holdings hires specialist to enhance player protection tech; launches PlayPause via BetMGM

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GVC Holdings has announced a new partnership with Nottingham Trent University Professor of Behavioral Addiction and Psychology Dr. Mark Griffiths to enhance the technology used by the company for player protections. Dr. Griffiths will audit the policies as well as processes that GVC uses for responsible gaming and suggest any improvements needed. Improving Player ...

Financial difficulties continue for 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 is reportedly set to be officially investigated after failing to pay its employees for a fourth consecutive week. According to a report from Inside Asian Gaming citing multiple newspapers in the American territory, the Hong Kong-headquartered firm ...

Sega Sammy Holdings Incorporated selling arcades business

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Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly announced the signing of an agreement that will see it offload an 85.1% stake in its land-based arcades operating arm to local entity Global Entertainment Network for Dreams and Aspirations (GENDA). According to a report from Inside Asian Gaming, the Tokyo-listed behemoth did not reveal ...

GVC Holdings warning of coronavirus-induced earnings hit

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Prominent iGaming and sportsbook operator GVC Holdings has advised investors that it may lose up to £7 million ($9 million) as a direct result of the proposed month-long coronavirus-related closure of its land-based venues in England. The London-listed firm is responsible for the Ladbrokes and Coral-branded chains of retail sportbetting venues and used an ...

MGM China Holdings Limited records third-quarter deficit

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The MGM China Holdings Limited subsidiary of American casino operator MGM Resorts International has reportedly released its third-quarter financial results showing that net revenues tumbled by 93.7% year-on-year to just over $46.83 million. According to a report from Inside Asian Gaming, the drop meant that the firm’s adjusted earnings before interest, tax, depreciation and ...

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 ...