Tag Archives Resorts

Genting Malaysia Berhad bailout for Resorts World Catskills

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Minority shareholders in Asian casino operator Genting Malaysia Berhad are reportedly unlikely to be pleased with the company’s recent decision to pump another $150 million into its loss-making Empire Resorts Incorporated subordinate. According to a report from GGRAsia, this is the opinion of international brokerage Nomura Securities Company Limited after the Malaysian firm revealed ...

Elaine Wynn abandons quest for Wynn Resorts Limited board position

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The largest individual shareholder in Wynn Resorts Limited, Elaine Wynn (pictured), has reportedly announced that she has given up on her quest to secure a place on the American casino operator’s board of directors. According to a Thursday report from the Las Vegas Review-Journal newspaper, the revelation came during a Nevada Gaming Control Board ...

Crown Resorts Limited enquiry hears from Jason O’Connor

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In Australia and an official enquiry looking into the license suitability of Crown Resorts Limited has reportedly taken evidence from one of the firm’s employees that was arrested by Chinese authorities in 2016 for illegally promoting gambling. According to a Sunday report from Inside Asian Gaming, Jason O’Connor (pictured) served as the casino operator’s ...

Scientific Games Corporation extends Wynn Resorts Limited digital alliance

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American iGaming, lottery and gaming machines innovator Scientific Games Corporation has announced the signing of a deal that has seen it extend its digital relationship with Wynn Resorts Limited into the states of Colorado and Indiana. The Las Vegas-headquartered firm used an official Wednesday press release (pdf) to detail that Wynn Resorts Limited’s recreational ...

Serious scepticism for coming Resorts World Las Vegas

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A leading investment bank has reportedly announced that it is ‘unsure’ regarding the future prospects of success for the $4.3 billion Resorts World Las Vegas facility prominent casino operator Genting Malaysia Berhad is building in southern Nevada. According to a report from Inside Asian Gaming, the declaration from Maybank Investment Bank Berhad was contained ...

Manila integrated casino resorts may soon be allowed to partially re-open

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The Philippine Amusement and Gaming Corporation (PAGCor) regulator has reportedly announced that some of Manila’s giant integrated casino resorts may soon be allowed to partially emerge from their coronavirus-induced shutdowns. According to a report from GGRAsia, the capital city’s four large gambling-friendly properties have been shuttered since March 15 but could now be permitted ...

Wynn Resorts Limited bemoans strained United States/China relationship

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American casino operator Wynn Resorts Limited has reportedly announced that escalating tensions between the United States and China could be hindering its attempt at securing an undisclosed amount of new financing. According to a report from CDC Gaming Reports, the Las Vegas-headquartered firm used an official filing to declare that the ongoing trade war ...

MGM Resorts announces Aug 27 reopening for Mirage on Las Vegas Strip: Park MGM remains closed

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With a comprehensive “Seven-Point Safety Plan” in place, MGM Resorts International (NYSE: MGM) plans to reopen its Mirage resort on Thursday, August 27, 2010, after being closed for several months. In Las Vegas, casinos were forced to close under state mandate from mid-March until early June in order to help slow the fast-spreading coronavirus. ...

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 ...

Resorts World Sentosa posts worst ever quarterly numbers

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In Singapore and the operator behind the giant Resorts World Sentosa development has reportedly announced that it recorded a second-quarter net loss of some $119.2 million as overall gaming revenues crashed by 98.5% year-on-year to approximately $4.7 million. According to reports from GGRAsia and Inside Asian Gaming, Genting Singapore Limited detailed that the 120-acre ...

Wynn Resorts Limited closes Japanese office in Yokohama

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American casino operator Wynn Resorts Limited has reportedly closed its office in the Japanese city of Yokohama as part of an ongoing reassessment of its global operations brought about by the coronavirus pandemic. According to a Monday report from Inside Asian Gaming, the Las Vegas-headquartered firm established its Wynn Resorts Development Japan subsidiary late ...

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 ...

Post-pandemic visitation levels on the rise at Resorts World Genting

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Asian casino operator Genting Malaysia Berhad has reportedly seen visitation levels at the gambling-friendly venues within its Resorts World Genting development recover recently to reach just over 50% of their pre-pandemic intensities. According to a report from Inside Asian Gaming, the sprawling Malaysian property was completely shuttered for an almost 13-week period from March ...

Lawsuit against Wynn Resorts Limited dismissed by federal judge

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In Nevada and a federal judge has reportedly dismissed a lawsuit nine women collectively brought against Wynn Resorts Limited concerning claims they had been sexually harassed by the casino firm’s former Chairman and Chief Executive Officer, Steve Wynn (pictured). According to a Friday report from the Las Vegas Review-Journal newspaper, the plaintiffs were seeking ...

Light at the end of the coronavirus tunnel for pair of Singapore casino resorts

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After being completely shuttered a little over ten weeks ago due to the coronavirus pandemic and the two giant integrated casino resorts in Singapore have now reportedly announced that are to begin re-opening some of their amenities from tomorrow. According to a report from GGRAsia, the city-state’s Resorts World Sentosa and Marina Bay Sands ...

Resorts World Genting re-opening its casinos following coronavirus closures

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Asian casino operator Genting Malaysia Berhad has reportedly announced that it will be partially resuming gambling entertainment within its Resorts World Genting development from tomorrow following an over 13-week coronavirus-related shutdown. According to a report from GGRAsia, the Kuala Lumpur-listed firm detailed that members of its Genting Rewards loyalty scheme will be able to ...

Bloomberry Resorts Corporation subject of second Bangladesh Bank lawsuit

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In the United States and the national bank of Bangladesh has reportedly filed a civil complaint against 17 entities including casino operator Bloomberry Resorts Corporation concerning the 2016 theft from its coffers of approximately $81 million. According to a Monday report from Inside Asian Gaming, the legal action from Bangladesh Bank has been lodged ...