The outlook on Crown Resorts’ credit rating has been revised lower to “negative” by Moody’s Investors Service, as the Australian gaming company faces increasing regulatory pressure in its home country. ...
Melco Resorts Still Interested in Japan, But Ho Isn’t Married to Yokohama
Melco Resorts & Entertainment continues expressing interest in developing an integrated resort in Japan. But Chairman and CEO Lawrence Ho appears non-committal regarding Yokohama. ...
Western Australia junket prohibition for Crown Resorts Limited
In Australia and prominent casino operator Crown Resorts Limited has reportedly been ordered to immediately stop using junket firms in order to help lure high-value foreign players to its Crown Perth facility. According to a Wednesday report from the online news domain at News.com.au, the command from the Gaming and Wagering Commission of Western ...
Poll: New York Residents Support Casino Expansion at Empire City, Resorts World
A majority of registered voters in New York, a new poll finds, support casino expansion in the wake of COVID-19. A gambler at ...
Crown Resorts Faces New Inquiry, Interim Chair Says Company Will Gain Sydney License
Crown Resorts is facing yet another inquiry by a government in Australia. A table game at Crown Melbourne is seen here. The future ...
Celine Dion Resorts World Las Vegas Residency Delayed Until Late 2022
Celine Dion is pushing back her European tour by more than a year, which will delay the start of her Las Vegas residency at Resorts World. ...
Massachusetts regulator to weigh in on Wynn Resorts Limited lawsuit
The Massachusetts Gaming Commission has reportedly decided to file a friend-of-the-court amicus brief that could well help Wynn Resorts Limited prevail in a lawsuit being brought by a disgruntled Encore Boston Harbor blackjack player. According to a Wednesday report from the Las Vegas Review-Journal newspaper, the regulator had considered lodging a similar motion last ...
Crown Resorts Limited records six-month loss owing to coronavirus closures
The value of individual shares in Crown Resorts Limited increased slightly earlier today despite the Australian casino operator having publicized an overall loss of around $93.5 million for the six months to the end of December. The Sydney-listed firm used an official press release (pdf) to detail that the 155% comparable drop in half-year ...
MGM Resorts Resuming Weekly Hotel Operations at Mandalay Bay, Mirage, and Park MGM
MGM Resorts announced today that weekly hotel operations are resuming at three of its casino resorts located on the Las Vegas Strip. Mandalay ...
Crown Resorts Faces Suitability Exam For Perth Casino License After Money Laundering Report
Crown Resorts is facing fresh scrutiny in the state of Western Australia (WA), where it operates the Crown Perth Casino. The state gaming regulator, the Gaming and Wagering Commission (GWC), has asked that a public inquiry be established to determine the company’s suitability for licensing in the jurisdiction. ...
Genting Malaysia announces early reopening of Resorts World Genting and non-gaming properties due to relaxed COVID-19 restrictions
This week, Genting Malaysia announced that Resorts World Genting reopened on February 16, a few days earlier than expected. The company will open its Resorts World Langkawi and Resorts World Kijal non-gaming properties on February 19. The venues had been closed due to the local Movement Control Order. The COVID-19 restrictions of the order ...
Melco Resorts and Wynn Resorts Casino Hotels Receive Five-Star Accreditations
Melco Resorts and Wynn Resorts’ entire casino hotel holdings have received Five-Star accreditations in the 2021 Forbes Travel Guide. The Morpheus Hotel lobby ...
Crown Resorts CEO Barton Resigns Following Bombshell Money Laundering Report
Crown Resorts CEO Ken Barton resigned Monday, as the fallout continued from a damning report that has left the company fighting for its license in New South Wales. ...
Ken Barton resigns as Crown Resorts CEO; Helen Coonan takes over as executive chairman
Ken Barton is no longer the CEO or managing director of Crown Resorts. After the report by New South Wales Supreme Court Judge Patrician Bergin was released, stating the company was not fit to hold its Crown Sydney license, the company announced it was taking significant steps to improve compliance, its company culture, and ...
MGM Resorts International remaining keen on Osaka casino project
The boss for American casino operator MGM Resorts International has reportedly revealed that his firm is still interested in being given the right to bring a gambling-friendly development to the Japanese city of Osaka. According to a report from Inside Asian Gaming, Bill Hornbuckle (pictured) serves as President and Chief Executive Officer for the ...
Post-inquiry terminations and resignations hit Crown Resorts Limited
In Australia and the Consolidated Press Holdings Proprietary Limited (CPHPL) vehicle of billionaire businessman James Packer has reportedly severed its boardroom ties with prominent casino operator Crown Resorts Limited. According to a Tuesday report from the Australian Broadcasting Corporation, the investments enterprise holds a preeminent 36% stake in the casino firm although it has ...
Resorts World Sentosa in Singapore Believes Many Chinese High Rollers Gone for Good
The parent company of Resorts World Sentosa (RWS) expects China’s crackdown on cross-border gambling to impact its casino operations. A Resorts World Sentosa ...
Crown Resorts Could Still Operate Sydney Casino, But With Two-Year Deferment
Crown Resorts was handed a devastating blow this week, as the Australian casino operator was deemed by a report unsuitable to hold a gaming license in New South Wales (NSW). ...
Packer Loyalist Execs Resign from Crown Resorts After Bergin Report
Two James Packer loyalists have resigned from the Crown Resorts board in the wake of a damning report that leaves the Australian casino giant fighting for its gaming license in New South Wales. ...
Crown Resorts Limited hit with damning New South Wales verdict
In Australia and the official inquiry looking into the license suitability of casino operator Crown Resorts Limited has reportedly returned with a damning verdict that could well see the firm forced into making sweeping changes to its leadership and the way it is run. According to a report from The Guardian newspaper, the New ...
Crown Resorts Deemed Unsuitable to Operate $1.7 Billion Sydney Casino
Crown Resorts is currently unfit to operate a Sydney casino. That’s the verdict of Patricia Bergin, former New South Wales Supreme Court judge and chair of a year-long inquiry into the company’s licensing suitability in the Australian state. ...
Resorts World Las Vegas Flooded With 85K Applicants for 6K Jobs
A hotel-casino set to open this summer on the Las Vegas Strip is swamped with job applications. This comes as the coronavirus pandemic has dealt a sharp blow to Southern Nevada’s tourism economy. ...
Resorts World plans to open gambling hall with electronic games inside Newburgh Mall
Orange County in New York State could soon become a major gaming hub if Resorts World Catskills’ plan to open a new electronic gaming casino at the struggling Newburgh Mall come to fruition. The project was originally set for the former Nepera Chemical plant in the village of Harriman, however, those plans fell through ...
Wynn Resorts Stock Earns ‘Neutral’ Rating as Analyst Forecasts Lengthy Macau Recovery
On the back of a fourth-quarter earnings report that was received in surprisingly positive fashion, Wynn Resorts (NASDAQ:WYNN) stock jumped 17.54 percent last week, but one analyst is urging caution with the shares. ...
Resorts World Targets Newburgh Mall, as Shopping Stores Continue to Attract Casinos
Resorts World Catskills is targeting the Newburgh Mall for a gaming space with video lottery terminals (VLTs). The remaining Bon-Ton department stores, like ...
