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In Massachusetts and the former owner of the Suffolk Downs horseracing facility has reportedly again filed a lawsuit against Wynn Resorts Limited over allegations that the American casino operator violated state laws to win the license for its Encore Boston Harbor facility. According to a Friday report from The Boston Globe newspaper, Sterling Suffolk ...
The owner of the Suffolk Downs horse racetrack in Massachusetts is once again suing Wynn Resorts. The owners of the Suffolk Downs racecourse ...
Cirque du Soleil is no longer in bankruptcy after creditors moved to take ownership of the Canada-headquartered circus operator. And with the takeover comes two new board members, one being former MGM Resorts CEO Jim Murren. ...
Crown Resorts Ltd.’s credit rating was pared one notch to Baa3 from Baa2 by Moody’s Investors Service. That’s after Australian regulators postponed the opening of the operator’s Crown Sydney integrated resorts pending the outcome of a licensing suitability inquiry. ...
In the Australian state of New South Wales and the official inquiry looking into the casino license suitability of Crown Resorts Limited has reportedly been told that majority shareholder James Packer should not be held responsible for the 2016 arrests of the firm’s employees in China. According to a Thursday report from The Sydney ...
Asian casino operator Melco Resorts and Entertainment Limited has reportedly again followed many of its rivals in recording an overall loss for the three months to the end of September owing to the continuing fallout from the coronavirus pandemic. According to a report from Inside Asian Gaming, the Hong Kong-listed firm chalked up a ...
In Australia and the counsel assisting the official inquiry into the casino license suitability of Crown Resorts Limited has reportedly declared that the firm breached key regulatory requirements via multiple failures in governance and management. According to a report from Inside Asian Gaming, this was the opinion of equity, commercial and administrative law specialist ...
In the Philippines and the nation’s gaming regulator has reportedly informed Manila’s four giant land-based integrated casino resorts that they may now begin accepting online bets so as to help mitigate their coronavirus-related downturns in business. According to a report from Inside Asian Gaming citing an earlier story from the Bloomberg news service, the ...
“Soft demand” amid the coronavirus pandemic has MGM Resorts International (MGM:NYSE) contemplating the partial closure of some of its properties on the Las Vegas Strip, according to local news agencies. During a quarterly earnings call on Thursday, Chief Executive Officer for MGM, Bill Hornbuckle reportedly said… “We’re going through an exercise, we’re doing it ...
In Australia and an official examination into the casino license suitability of Crown Resorts Limited has reportedly been told that the firm has ceased sharing confidential information with its largest individual shareholder, James Packer (pictured). According to a Wednesday report from The New Daily digital newspaper, the billionaire businessman holds a 46% stake in ...
British lottery and gaming machines innovator International Game Technology (IGT) has announced that it is to provide upstate New York’s recently re-opened Resorts World Catskills with its Resort Wallet cashless solution. The New York-listed firm used an official Tuesday press release to declare that the advance is a module of its IGT Advantage innovation and ...
American casino operator MGM Resorts International has announced that it is hoping to bring in some $750 million in cash via a new public offering of 4.75% senior notes set to come due in 2028. The New York-listed firm used an official Thursday press release to declare that the ongoing transaction is scheduled to ...
British business-to-business iGaming software supplier Game Account Network (GAN) (NASDAQ: GAN) has been chosen by American casino and hotel developer and operator Wynn Resorts (NASDAQ: WYNN) to serve as the enterprise software platform for the company’s coming launch in the state of Michigan. Under the terms of the ten-year partnership agreement, online sports betting ...
In Australia and an official inquiry into the casino license suitability of Crown Resorts Limited has reportedly been told how the firm’s largest shareholder was seemingly unconcerned about allegations a potential investor may have held business links with former Macau casino magnate Stanley Ho Hung Sun. According to a Monday report from The Guardian ...
Australian casino operator Crown Resorts Limited has reportedly announced that it has suspended ‘all activity’ with external junket operators until the end of June as part of an in-house review into its ‘compliance and governance processes.’ According to a report from GGRAsia, the Sydney-listed firm made the revelation via an official filing as it ...
The more conservative financial profile currently being maintained by Australian casino operator Crown Resorts Limited should reportedly allow the firm to better weather the anticipated slow start to business for its coming Crown Sydney development. According to a report from Inside Asian Gaming, this is the opinion of global credit rations agency Fitch Ratings ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Asian casino operator Melco Resorts and Entertainment Limited has reportedly followed many of its rivals in recording an overall loss for the three months to the end of June owing to the many disruptions caused by the coronavirus pandemic. According to a report from Inside Asian Gaming, the Hong Kong-listed firm detailed a second-quarter ...
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 ...
In the Philippines and the impact of the ongoing coronavirus pandemic is reportedly set to push annual VIP gross gaming revenues for local casino operator Bloomberry Resorts Corporation down by up to 72% year-on-year to only around $145 million. According to a report from Inside Asian Gaming, this is the prediction of international brokerage ...
