Tag Archives Resorts

Melco Resorts and Entertainment Limited implicated in Japanese bribery scandal

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In Japan and the bribery scandal that began with prominent politician Tsukasa Akimoto (pictured) and Chinese sports lottery firm 500.com has now reportedly grown to embroil Asian casino giant Melco Resorts and Entertainment Limited. According to a report from Inside Asian Gaming citing multiple local sources, the Hong Kong-headquartered casino operator had its Japanese ...

MGM Resorts Incorporated inks lease-back deals for pair of Las Vegas venues

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After inking a lease-back agreement for its Bellagio Las Vegas venue in October and American casino giant MGM Resorts International has now announced the signing of a similar deal covering its MGM Grand Las Vegas and Mandalay Bay Resort and Casino Las Vegas venues. The Las Vegas-headquartered firm used an official Tuesday press release ...

Singapore disappointment for Bloomberry Resorts Corporation

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In Singapore and Asian casino operator Bloomberry Resorts Corporation has reportedly lost its attempt to overturn the earlier ruling of an arbitration tribunal and may now be forced to pay some $296 million to a subsidiary of American entertainments firm Global Gaming Asset Management LLC. According to a Monday report from Inside Asian Gaming, ...

Wynn Resorts Limited in line to receive $41 million settlement

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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 ...

Pansy Ho offloads another significant MGM Resorts International stake

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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 ...

Even more attractions to be added to coming Resorts World Las Vegas

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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 ...

Empire Resorts Incorporated shareholders endorse disposal deal

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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 ...

MGM Resorts International soliciting interest in pair of Las Vegas properties

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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 ...

Genting Malaysia Berhad initiates Empire Resorts Incorporated purchase

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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 ...

MGM Resorts International contemplating further casino sales

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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 ...

Additional Japanese investment for Melco Resorts and Entertainment Limited

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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 ...

MGM Resorts International agrees ‘historic partnership’ with Verizon Media

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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 ...

Suncity Group inks operations deal for coming Resorts World Westside City

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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 ...

Crown Resorts Limited shareholders express their unease

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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 ...

Bloomberry Resorts Corporation slapped with $296 million judgment

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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 ...

Wynn Resorts Limited hit with sexual harassment class-action lawsuit

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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 ...

MGM Resorts International close to selling Circus Circus Las Vegas

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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 ...

Pole position for MGM Resorts International in Osaka casino license race

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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 ...