Tag Archives Resorts

Wynn Resorts Limited being sued for a second time in Massachusetts

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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 ...

Detrimental determination for Crown Resorts Limited

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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 ...

PAGCor approves iGaming move for Manila integrated casino resorts

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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 ...

MGM Resorts mulls partial closures of some Las Vegas Strip casinos

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“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 ...

Crown Resorts Limited ceases sharing information with its largest shareholder

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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 ...

IGT bringing cashless Resort Wallet innovation to Resorts World Catskills

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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 ...

Crown Resorts Limited inquiry hears about relaxed James Packer stance

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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 ...

Crown Resorts Limited temporarily suspends all external junket activities

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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 ...

Crown Resorts Limited well positioned to weather slow Crown Sydney start

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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 ...

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 ...