Tag Archives International

Manila casino authorization for International Entertainment Corporation

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Following many months of negotiations and Asian hotel and leisure operator International Entertainment Corporation has reportedly announced that it has finally received conditional approval to transform one of its Philippines properties into a full-scale integrated casino resort. According to a Tuesday report from G3Newswire, the Hong Kong-listed firm revealed that its Marina Square Properties ...

Casinos Austria International bemoans first-half impact of coronavirus

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Global casino operator Casinos Austria International has reportedly announced that it chalked up a record first-half loss of just over €10 million ($11.8 million) owing to issues surrounding the coronavirus pandemic. According to a short report from G3Newswire, the Vienna-headquartered firm saw its overall revenues for the six months to the end of June ...

MGM Resorts International gets new significant shareholder in IAC

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American media and technology firm Interactive Corporation (IAC) has reportedly spent approximately $1 billion in order to acquire a 12% stake in prominent land-based casino operator MGM Resorts International. According to Monday reports from CNBC and CDC Gaming Reports, the New York-headquartered firm controlled by billionaire businessman Barry Diller (pictured) purchased 59 million MGM Resorts ...

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 ...

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 ...

Minority stake for MGM Resorts International in planned Osaka casino project

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The newly-installed boss for American casino operator MGM Resorts International has reportedly revealed that his company will hold a minority stake in the gambling-friendly development it is working to bring to the Japanese city of Osaka. According to a report from GGRAsia, Bill Hornbuckle (pictured) was officially appointed to serve as the latest President ...

MGM Resorts International appoints Bill Hornbuckle full-time boss

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American casino operator, MGM Resorts International, has announced that it has named long-time company executive Bill Hornbuckle (pictured) to serve as its latest official President and Chief Executive Officer. The Las Vegas-headquartered firm used a Wednesday press release to state that Hornbuckle temporarily replaced the its outgoing boss, James Murren, in March but has ...

MGM Resorts International to layoff entertainment and sports division employees

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On Monday, MGM Resorts International alerted employees of its sports and entertainment divisions that layoffs are coming. The majority of employees in these two sectors will be laid off starting on August 31. These employees had been furloughed and were receiving benefits through next month. On September 1, the benefits will no longer be ...

Far East Consortium International Limited records European success

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Asian hospitality and property development conglomerate Far East Consortium International Limited has reportedly announced that its revenues from gaming for the twelve months to the end of March rose by 4.6% year-on-year to hit approximately $34.96 million. According to a Wednesday report from Inside Asian Gaming, the Hong Kong-listed firm revealed that just over ...

International Entertainment Corporation reveals Manila casino plan

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Asian hotel and leisure operator International Entertainment Corporation has reportedly informed investors that one of its subsidiaries is hoping to be given permission to bring an integrated casino resort to the Philippines capital of Manila. According to a report from Inside Asian Gaming, the Hong Kong-listed firm used an official filing to detail that ...

Bristol, Virginia’s city council unanimously approves Hard Rock International as preferred casino operator

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Hard Rock International, along with The United Company and Par Ventures, has been endorsed by the Bristol, Virginia City Council as the preferred operator of a proposed casino at the site of a former shopping mall. In November 2019, the globally recognized brand, which is an enterprise of the federally-recognized Seminole Tribe of Florida, was ...

Brian Sandoval leaving international post at MGM Resorts International

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American casino operator, MGM Resorts International, has reportedly announced that Brian Sandoval (pictured) has resigned as its Global Gaming Development President so as to pursue the top administrative job at the University of Nevada Reno. According to a Wednesday report from the Reno Gazette-Journal newspaper, 56-year-old Sandoval served as the Governor of Nevada for ...

Hard Rock International and KamaGames partner to create new Hard Rock Blackjack social games app

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Top-rated European social casino operator KamaGames has partnered with Hard Rock International to create a new application titled Hard Rock Blackjack. The new application can be accessed via mobile and includes casino-style games from the portfolio of KamaGames. Details of the App: For players, the new app offers a ton of content, including 3D ...

Bill Hornbuckle appointed new boss of MGM Resorts International

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American casino operator, MGM Resorts International, has announced that Bill Hornbuckle (pictured) has been selected to replace the outgoing James Murren as its latest Chief Executive Officer. The Las Vegas-headquartered firm used an official Sunday press release to declare that Hornbuckle is ‘a four-decade veteran of the gaming industry’ and most recently worked as ...

MGM Resorts International cancels share buy-back plans

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Anxieties over the financial impact of the ongoing coronavirus outbreak have reportedly prompted American casino operator MGM Resorts International to cancel its plan to buy back shares worth approximately $1.25 billion. According to a Thursday report from the Las Vegas Review-Journal newspaper, the New York-listed casino giant revealed that it had abandoned the scheme ...

MGM Resorts International introducing BetMGM to its Las Vegas estate

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American casino operator MGM Resorts International has announced that its nine venues in Las Vegas have begun rolling out the new mobile-friendly BetMGM sportsbetting service so as to give aficionados the ability to place wagers on a wide range of professional and collegiate sporting events. The Las Vegas-headquartered firm used an official Friday press ...

Donaco International Limited settles Cambodian legal wrangle

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Asian casino operator Donaco International Limited has reportedly agreed a compromise to the long-running legal dispute involving the 50-year lease for the land occupied by its Star Vegas Resort and Club in Cambodia. According to reports from Inside Asian Gaming and GGRAsia, the Sydney-listed firm inked the agreement for the Star Vegas Resort and ...

Computer hackers target MGM Resorts International customer information

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American casino operator MGM Resorts International was reportedly the victim of a cyber-security breach last summer that is said to have led to the personal data of some ten million customers being exposed. According to a report from NBCNews.com, the hacked dataset included the full names, addresses, birthdates, telephone numbers and e-mail details of ...

James Murren stepping down as boss of MGM Resorts International

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American casino operator MGM Resorts International has announced that its Chairman and Chief Executive Officer, James Murren (pictured), is to step down before the expiration of his current contract. The Las Vegas-headquartered firm used an official Wednesday press release to detail that Murren joined its ranks in 1998 as Chief Financial Officer and has ...

Donaco International Limited initiates coronavirus layoffs in Vietnam

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Asian boutique casino operator Donaco International Limited has reportedly announced that it has laid off staff at its Aristo International Hotel in order to soften the impact of a drop in business brought on by the recent coronavirus outbreak. According to a report from GGRAsia, the Sydney-listed firm used an official filing to detail ...

Yggdrasil named 2020 Innovator of the Year via International Gaming Awards

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The International Gaming Awards (IGAs) just recently finished up at the Savoy Hotel in London with several top operators recognized for their contribution to the gaming industry. For the fourth year running, top-rated gaming solutions supplier, Yggdrasil, was named as the Innovator of the Year. The developer had an amazing year, launching a new ...