Tag Archives Resorts

Bloomberry Resorts Corporation slapped with $296 million judgment

by

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

by

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

by

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

by

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 ...

Xixiang Luo of China wins Asian Poker Tour Championships Event while APT signs new deal with Resorts World Manila

by

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 ...

MGM Resorts International eyeing MGM Grand and Bellagio Las Vegas sales

by

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 ...

Wynn Resorts Las Vegas awarded Great Workplace certification

by

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. ...

New South Wales regulator launches Crown Resorts Limited investigation

by

In Australia and the gaming regulator for the eastern state of New South Wales has reportedly launched an investigation into whether local casino operator Crown Resorts Limited may have violated its license conditions by agreeing to sell an almost 20% stake in its business to Asian counterpart Melco Resorts and Entertainment Limited. According to ...

Empire Resorts Incorporated offloading its remaining Resorts World Catskills stake

by

In upstate New York and casino operator, Empire Resorts Incorporated, has reportedly agreed to sell its remaining stake in the loss-making Resorts World Catskills property to Genting Malaysia Berhad via the Malaysian firm’s Kien Huat Realty investments arm. According to a Tuesday report from the Poughkeepsie Journal newspaper, the Monticello-headquartered enterprise revealed that the ...

Crown Resorts Limited annual financials hurt by drop in VIP revenues

by

Australian casino operator, Crown Resorts Limited, has released its financial results for the twelve months to the end of June showing that its net profit for the period had decreased by 28.1% year-on-year to approximately $273.03 million. The Sydney-listed firm used an official filing (pdf) to detail that its actual annual earnings before interest, ...

Resorts World Catskills parent considering voluntary bankruptcy move

by

In upstate New York and the firm behind the 332-room Resorts World Catskills has reportedly declared that it is considering the possibility of entering voluntary bankruptcy in order to head off creditors. According to a Wednesday report from the Poughkeepsie Journal, Empire Resorts Incorporated made the revelation via an official August 9 filing with ...

MGM Resorts files federal lawsuit against the US Interior Department over East Windsor, Connecticut tribal casino

by

In the seemingly endless drama surrounding a proposed East Windsor casino, American global hospitality and entertainment company, MGM Resorts International has sued the U.S. Interior Department over changes it approved in the state’s gaming compacts with the Mashantucket Pequot and Mohegan Indians in March. Filed on August 7 in U.S. District Court in Washington, ...

Wynn Resorts Limited evaluating possible Encore Boston Harbor additions

by

Only a little over six weeks after opening its giant Encore Boston Harbor venue and casino operator, Wynn Resorts Limited, is reportedly already considering a multitude of ways to bring even more attractions to the area around the $2.6 billion development. Parcel possibilities: According to a Wednesday report from The Boston Globe newspaper, the ...

Australia officials to investigate Crown Resorts over gambler visa fast-track claims

by

Recent allegations against Crown Resorts regarding preferential treatment to Chinese gamblers regarding fast-tracking visas has caused officials in Australia to begin an investigation into the company. Attorney General, Christian Porter, has alerted parliament that a probe will take place against Crown after several reports surfaced within the media regarding expedited visas for gamblers from ...

Bloomberry Resorts Corporation confirms cruise ship terminal plans

by

In the Philippines and local casino operator, Bloomberry Resorts Corporation, has reportedly confirmed plans to construct a two-berth cruise ship terminal for its 800-room Solaire Resort and Casino. Fresh subsidiary: According to a report, the Manila-listed firm used an official filing to declare that it had founded an entity known as Bloomberry Cruise Terminals ...