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American casino operator MGM Resorts International is reportedly set to receive a cash infusion of about $4.2 billion after agreeing a deal to sell its Bellagio Las Vegas property to private equity firm Blackstone Group LP. According to a Tuesday report from the Las Vegas Review-Journal newspaper, rumors of this sale first surfaced last ...
Wynn Resorts Limited has reportedly become the third foreign firm to officially announce that it has given up on efforts to win the license for the right to build and operate an integrated casino resort in the Japanese city of Osaka. According to a report from GGRAsia, the Las Vegas-headquartered operator used an official ...
In New York and the firm behind the Resorts World Catskills casino resort has reportedly been hit with a lawsuit over claims that it is attempting to go private against the wishes of some of its minority shareholders. According to a Wednesday report from the Times Herald-Record newspaper, the legal complaint against Empire Resorts ...
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 ...
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 ...
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 ...
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 ...
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 ...
Asian casino operator, Melco Resorts and Entertainment Limited, has reportedly declared that it is set to concentrate all of its efforts on the city of Yokohama as it looks to secure one of the three coming Japanese casino licenses. According to a report from Inside Asian Gaming, the firm’s move came a little over ...
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 ...
Asian casino operator Genting Malaysia Berhad has reportedly announced the identities of the five latest members of the executive team that is due to be in charge of the Resorts World Las Vegas facility it is building in southern Nevada. According to a Friday report from Inside Asian Gaming, the Kuala Lumpur-listed firm detailed that ...
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. ...
The firm behind Asian casino operator, Melco Resorts and Entertainment Limited, has reportedly announced that it will be opening an office in Yokohama as it looks to gain an advantage over its competitors in the race to secure at least one of the three gambling licenses being made available for Japan. According to a ...
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 ...
Only a day after Las Vegas Sands Corporation revealed that it was abandoning a plan to bring an integrated casino resort to Osaka and the boss for rival American operator MGM Resorts International has reportedly reiterated his firm’s commitment to the giant Japanese city. According to a report from GGRAsia, Jim Murren (pictured) serves ...
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 ...
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, ...
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 ...
According to a filing within the Securities and Exchange Commission on Friday, Empire Resorts is considering a voluntary prepacked Chapter 11 bankruptcy filing. The parent company of Resorts World Catskills Casino saw a loss in the second quarter of this year of just over $35 million from revenues of $60.07 million. Operating expenses for ...
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, ...
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 ...
Almost a month after unveiling the final designs for a planned $2 billion expansion of its Wynn Macau property and casino operator, Wynn Resorts Limited, has reportedly announced that it hopes this scheme will eventually help to ease pressure on its nearby Wynn Palace Cotai venue. According to a report, this revelation came from ...
Resort Fees increased at the Bellagio, Vdara and Aria on August 1st, after MGM Resorts decided to increase the fees to $45 per day. These fees are known by many names, from facilities fees to amenities fees and are extra charges that visitors face when traveling to one of these Las Vegas Strip venues. ...
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 ...
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 ...
