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Tilman Fertitta Expands His Wynn Resorts Stake with $27.87 Million Purchase

April 9, 2025

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Casino moguls

Tilman Fertitta, the billionaire investor and majority owner of Fertitta Entertainment, has significantly increased his investment in Wynn Resorts Ltd. The Texas-based mogul recently purchased shares worth $27....

Star Entertainment Agrees Bally’s $300M Takeover Bid

Vanja Mitic

April 7, 2025

Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Mergers, Acquisitions & Partnerships

In a transformative move, Star Entertainment Group is set to hand over the reins to Bally’s Corporation following a $300 million acquisition deal. This agreement promises to secure the Australian casino operato...

Star Entertainment Group Faces Critical Financial Hurdles as Refinancing Plans Unravel

Vanja Mitic

April 3, 2025

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Mergers, Acquisitions & Partnerships

The Star Entertainment Group, a prominent name in the Australian gambling sector, is currently navigating through tumultuous financial waters as its AU$940 million ($593 million) refinancing deal with Salter Br...

Miriam Adelson Holds Strong in Forbes’ 2025 Billionaires List Amid Global Shifts

Vanja Mitic

April 3, 2025

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Employment & Careers

Miriam Adelson, a stalwart in the casino business, remains a prominent figure on Forbes' 2025 World’s Billionaires list, securing the 56th spot with an impressive net worth of $32.1 billion. Her financial stand...

Billionaire Tilman Fertitta Becomes Largest Shareholder of Wynn Resorts, Surpassing Elaine Wynn

Vanja Mitic

February 25, 2025

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Employment & Careers

In a strategic financial move, billionaire Tilman Fertitta has surpassed Elaine Wynn to become the largest shareholder of Wynn Resorts. This transition was officially confirmed through a recent SEC Form 3 filin...

Wynn Resorts Secures $2.4 Billion for Landmark Resort Development in UAE

Vanja Mitic

February 7, 2025

United Arab Emirates, Casino News, Latest Casino and Gambling News, Casino Destinations, New Hotels, World Casino News, Gaming Industry News, Casino project updates, Casino moguls, Economy/Finance, Middle East Gaming News, Financial Press Releases

Wynn Resorts has successfully secured a substantial $2.4 billion construction facility to fund the development of its much-anticipated Wynn Al Marjan Island, the first integrated resort to be built in the Unite...

Virginia Casinos See Big Revenue Gains in 2024, Led by Rivers Casino Portsmouth

Vanja Mitic

January 21, 2025

Virginia, Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Financial Press Releases

In 2024, Virginia’s three casinos posted impressive gains, with a total of nearly $732 million in adjusted gaming revenues (AGR), marking an almost 32% increase from the previous year. The state's gambling sect...

Galaxy Entertainment Founder Dr. Lui Che Woo Passes Away, Leaving Behind a Lasting Legacy

Vanja Mitic

November 12, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino moguls, Employment & Careers, Asian Casino News

Galaxy Entertainment Group (GEG) announced the peaceful passing of its founder and Chairman, Dr. Lui Che Woo, on November 7, 2024, at the age of 95. Dr. Lui's death marks the end of an era for the company he be...

Launch Date for New Solaire Puerto Azul IR Project in Cavite Clarified by Bloomberry

Vanja Mitic

September 12, 2024

Casino Destinations, Casino News, Latest Casino and Gambling News, New Hotels, Gaming Industry News, Casino project updates, Casinos of the Philippines, Casino moguls, Philippines

In a strategic move to broaden its hospitality and gaming empire, Bloomberry Resorts Corp has unveiled plans to develop its third Solaire-branded integrated resort, to be located in the picturesque setting of P...

Universal Entertainment Moves to Oust Former CEO Jun Fujimoto, Elect Tomohiro Okada as Director

Vanja Mitic

August 21, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino moguls, Employment & Careers, Japan, Asian Casino News, Labor Relations

Universal Entertainment, the parent company of Okada Manila, has announced significant leadership changes, signaling a new chapter in its corporate governance. The company has called for an Extraordinary Genera...

Forbes 2024: Philippines’ Richest Shifts with Casino Tycoons on Top

Vanja Mitic

August 8, 2024

Latest Casino and Gambling News, Gaming Industry News, Casino moguls, Economy/Finance, Employment & Careers, Philippines

In the latest annual compilation by Forbes, several figures from the gaming industry have made significant moves on the list of the Philippines’ 50 Richest, with Enrique K. Razon Jr., Chairman and CEO of Bloomb...

Evolution Boosts US Strategy with Galaxy Gaming Acquisition

Vanja Mitic

July 19, 2024

U.S.A., Online gaming software, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Casino moguls, Online Gambling News, Mergers, Acquisitions & Partnerships

In a significant strategic move, Evolution has finalized plans to acquire Galaxy Gaming for an estimated $85 million, marking a pivotal step in its expansion strategy into the U.S. market. This acquisition is s...

Andrew Lo Appointed President of Suntrust Resort Holdings Inc, Succeeding David Chua

Vanja Mitic

July 16, 2024

Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino moguls, Employment & Careers, Asian Casino News, Labor Relations, Philippines

Suntrust Resort Holdings Inc. has named Andrew Lo Kai Bong its new president following David Chua Ming Huat's sudden departure. This leadership transition was announced in a filing to the Philippines Stock Exch...

Bally’s Secures Funding for $1.7 Billion Chicago Casino Complex

Vanja Mitic

July 14, 2024

Latest Casino and Gambling News, Casino Destinations, Casino News, New Hotels, Gaming Industry News, Casino project updates, Casino moguls, Economy/Finance, Illinois

One week after acquiring the Freedom Center printing plant, Bally’s secured financing to build a $1.7 billion casino complex on the 30-acre River West site. The company announced a deal with Gaming and Leisure ...

MGM China Plans Expansion of MGM Cotai with New Hotel Rooms and Wellness Services

Vanja Mitic

June 20, 2024

Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino expansion projects, New Hotels, Casino project updates, Gaming Industry News, Casino moguls, Macau

MGM China Holdings Ltd, a majority-owned subsidiary of MGM Resorts International and the Macau-based casino operator, is actively pursuing expansion plans for its flagship property, MGM Cotai. The company has b...

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Tilman Fertitta Expands His Wynn Resorts Stake with $27.87 Million Purchase

Star Entertainment Agrees Bally’s $300M Takeover Bid

Star Entertainment Group Faces Critical Financial Hurdles as Refinancing Plans Unravel

Miriam Adelson Holds Strong in Forbes’ 2025 Billionaires List Amid Global Shifts

Billionaire Tilman Fertitta Becomes Largest Shareholder of Wynn Resorts, Surpassing Elaine Wynn

Wynn Resorts Secures $2.4 Billion for Landmark Resort Development in UAE

Virginia Casinos See Big Revenue Gains in 2024, Led by Rivers Casino Portsmouth

Galaxy Entertainment Founder Dr. Lui Che Woo Passes Away, Leaving Behind a Lasting Legacy

Launch Date for New Solaire Puerto Azul IR Project in Cavite Clarified by Bloomberry

Universal Entertainment Moves to Oust Former CEO Jun Fujimoto, Elect Tomohiro Okada as Director

Forbes 2024: Philippines’ Richest Shifts with Casino Tycoons on Top

Evolution Boosts US Strategy with Galaxy Gaming Acquisition

Andrew Lo Appointed President of Suntrust Resort Holdings Inc, Succeeding David Chua

Bally’s Secures Funding for $1.7 Billion Chicago Casino Complex

MGM China Plans Expansion of MGM Cotai with New Hotel Rooms and Wellness Services

New Jersey Councilman, Lucchese Crime Members Among 39 Charged in Gambling Ring

Lawrence Ho Speaks on Satellite Casino Shift as Macau’s Transition Deadline Approaches

MGCB Cracks Down on Unlicensed Sports Prediction Platforms

KSA Reports Lower Losses After New Dutch Gambling Rules

Workers Strike at Caesars Southern Indiana After Talks Stall