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American casino operator, Wynn Resorts Limited, is reportedly set to bank a settlement worth $41 million following the resolution of a pair of lawsuits relating to the alleged discretions of the company’s former Chairman and Chief Executive Officer, Steve Wynn (pictured). According to a Wednesday report from the Las Vegas Review-Journal newspaper, the legal ...
In Macau, the Co-Chair for local casino operator MGM China Holdings Limited, Pansy Ho (pictured), has reportedly made approximately $140.2 million after offloading a 0.87% stake she held in parent firm MGM Resorts International. According to a Thursday report from GGRAsia, the sale of some 4.5 million shares was conducted over a five-day period ...
Asian casino operator Genting Malaysia Berhad has announced that it has decided to add a number of unique attractions to its coming Resorts World Las Vegas facility including a 5,000-seat theater and a 75,000 sq ft ‘nightlife and daylife concept.’ The Kuala Lumpur-listed firm used an official Thursday press release to detail that the ...
In New York and shareholders for casino operator Empire Resorts Incorporated have reportedly approved a $128.6 million transaction that is to see the firm merged into giant Asian counterpart Genting Malaysia Berhad. According to a Wednesday report from the Poughkeepsie Journal newspaper, this deal was first announced in August and is to involve Genting ...
After recently inking lease-back deals for a pair of its properties and American casino operator MGM Resorts International is now reportedly trying to similarly offload its MGM Grand Las Vegas and Mandalay Bay Resort and Casino Las Vegas venues. According to a Monday report from the Bloomberg news service citing anonymous sources, the Las ...
Asian casino operator, Genting Malaysia Berhad, has reportedly announced the start of the $128.6 million deal that is due to see it fully acquire smaller American counterpart Empire Resorts Incorporated. According to a report from Inside Asian Gaming, the Malaysian firm used an official filing to detail that the purchase is set to involve ...
The boss for American casino operator, MGM Resorts International, has reportedly announced that his firm is working to implement an ‘asset-light’ strategy that could soon see it offload its giant, MGM Grand Las Vegas venue. According to a report from the Las Vegas Review-Journal newspaper, Jim Murren serves as Chairman and Chief Executive Officer ...
Asian casino operator, Melco Resorts and Entertainment Limited, has reportedly announced the creation of a special investment fund that it intends to utilize in order to realize non-gaming and hospitality projects in Japan. According to reports from GGRAsia and Inside Asian Gaming, the Hong Kong-headquartered firm revealed that its Melco Creative Exchange scheme has ...
American regional casino operator, Full House Resorts Incorporated, has announced that it has become the sixth firm to submit an official application to the Illinois Gaming Board in hopes of winning the right to build and run the gambling facility set to be licensed for the city of Waukegan. The Las Vegas-headquartered firm used ...
American digital media innovator, Verizon Media, has announced the signing of a multi-year deal that is to see casino behemoth MGM Resorts International serve as an official sportsbetting partner for its Yahoo! Sports division. Verizon used an official press release to declare that the alliance is to involve MGM Resorts International and its Roar ...
Prominent Asian junket firm, Suncity Group, has reportedly inked a multi-layered agreement that is to see it become largely responsible for operating the main casino and hotel inside the Philippines’ coming Resorts World Westside City development. According to a report from Inside Asian Gaming, the $700 million Resorts World Westside City is being built ...
Australian casino operator, Crown Resorts Limited, reportedly held its annual shareholders’ meeting last week and narrowly avoided having its remuneration report voted down as investors questioned senior executives about a wave of recent scandals. According to a Thursday report from The Guardian newspaper, the Melbourne-headquartered firm is responsible for the Crown Perth venue in ...
American casino operator MGM Resorts International is reportedly set to receive a cash infusion of about $4.2 billion after agreeing a deal to sell its Bellagio Las Vegas property to private equity firm Blackstone Group LP. According to a Tuesday report from the Las Vegas Review-Journal newspaper, rumors of this sale first surfaced last ...
Wynn Resorts Limited has reportedly become the third foreign firm to officially announce that it has given up on efforts to win the license for the right to build and operate an integrated casino resort in the Japanese city of Osaka. According to a report from GGRAsia, the Las Vegas-headquartered operator used an official ...
In New York and the firm behind the Resorts World Catskills casino resort has reportedly been hit with a lawsuit over claims that it is attempting to go private against the wishes of some of its minority shareholders. According to a Wednesday report from the Times Herald-Record newspaper, the legal complaint against Empire Resorts ...
In Singapore and a tribunal has reportedly ruled against Bloomberry Resorts Corporation and ordered the Filipino casino operator to pay just over $296 million to a subsidiary of American entertainments firm Global Gaming Asset Management LLC. According to a Wednesday report from GGRAsia, Bloomberry Resorts Corporation is responsible for Manila’s Solaire Resort and Casino ...
American casino operator, Wynn Resorts Limited, has reportedly been hit with a class-action lawsuit alleging that a hostile work environment still persists for women who had accused its former Chairman and Chief Executive Officer, Steve Wynn (pictured), of sexual harassment. According to a Friday report from the Las Vegas Review-Journal newspaper, the action was ...
American casino operator, MGM Resorts International, is reportedly in advanced talks to offload its family-friendly Circus Circus Las Vegas property to an entity controlled by the man behind the nearby Treasure Island Las Vegas venue. According to a Monday report from the Las Vegas Review-Journal newspaper, the Las Vegas-headquartered firm reached a handshake agreement ...
American gambling behemoth, MGM Resorts International, reportedly looks best placed in the race to be selected to run the integrated casino resort being planned for the giant Japanese city of Osaka. According to a report from GGRAsia, this is the opinion of global credit ratings firm, Fitch Ratings Incorporated, following recent decisions by rival ...
The Asian Poker Tour (APT) has been quite busy as of late, finishing up tournament events and signing new contract deals. The APT Philippines II 2019 Championships Event has finished up with Xixiang Luo of China earning the first-place win. The win marked the first time Lou even earned a major APT title. At ...
Asian casino operator, Melco Resorts and Entertainment Limited, has reportedly declared that it is set to concentrate all of its efforts on the city of Yokohama as it looks to secure one of the three coming Japanese casino licenses. According to a report from Inside Asian Gaming, the firm’s move came a little over ...
American casino operator, MGM Resorts International, is reportedly engaged in advanced negotiations that could see it sell its MGM Grand and Bellagio Las Vegas properties to private equity firm, Blackstone Group, for approximately $7 billion. According to a Monday report from the Bloomberg news service, the giant casino firm is said to be exploring ...
Asian casino operator Genting Malaysia Berhad has reportedly announced the identities of the five latest members of the executive team that is due to be in charge of the Resorts World Las Vegas facility it is building in southern Nevada. According to a Friday report from Inside Asian Gaming, the Kuala Lumpur-listed firm detailed that ...
American casino operator, Wynn Resorts Limited, seems to have finally overcome some of the fallout associated with the alleged distasteful exploits of its former Chief Executive Officer, Steve Wynn, after announcing that its Wynn Las Vegas venue has been awarded with the coveted Great Workplace designation by the independent Great Place to Work Institute. ...
The firm behind Asian casino operator, Melco Resorts and Entertainment Limited, has reportedly announced that it will be opening an office in Yokohama as it looks to gain an advantage over its competitors in the race to secure at least one of the three gambling licenses being made available for Japan. According to a ...
