Bankruptcy

Team King Finalizes IPI Casino Asset Purchase Amid Lingering Questions

Johnny K.
Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Bankruptcy, Northern Mariana Islands, Fines, Lawsuits & Litigation
The sale of Imperial Pacific International’s (IPI) Saipan casino assets has officially closed, marking a major milestone in a bankruptcy process that has stretched on for over a year. Team King Investment (CNMI...

$1.7B Judgment Upheld in Baha Mar Dispute with China Construction

Vanja Mitic
Gaming Law & Legislation, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Bahamas, Bankruptcy, Fines, Lawsuits & Litigation, New York
Sarkis Izmirlian, the original developer of the Baha Mar resort in the Bahamas, has achieved a significant legal victory in his long-running dispute with China Construction America (CCA). The New York Appellate...

Imperial Pacific Seeks Court Approval to Sell Saipan Hotel Casino and Assets for $10M

Vanja Mitic
Casino Sales, Casino News, Latest Casino and Gambling News, Unsavory reports, World Casino News, Gaming Industry News, Economy/Finance, Bankruptcy, Northern Mariana Islands
Imperial Pacific International (IPI), a Chinese investment holding company based in Hong Kong, is making headlines as it seeks federal bankruptcy court permission to sell its hotel casino in Saipan, Northern Ma...

US Tax Authority Announces Northern Marianas Gaming Regulator Owes $5.8M in Taxes

Johnny K.
Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Taxation, Asian Casino News, Bankruptcy, Fines, Lawsuits & Litigation, Northern Mariana Islands
The US Internal Revenue Service (IRS) has filed a federal tax lien against the Commonwealth Casino Commission (CCC) of the Northern Mariana Islands, claiming over $5.8 million in unpaid taxes dating back to 202...

Macau Hotel “THE 13” Calls for Bids; Offers $307 Million Sales Price

Radosav Milutinovic
Casino Sales, Latest Casino and Gambling News, Casino News, Casino reviews from Macau, World Casino News, Gaming Industry News, Casino project updates, Casino closures, Economy/Finance, Online Gambling News, Macau, Asian Casino News, Mergers, Acquisitions & Partnerships, Crime, Bankruptcy, Fines, Lawsuits & Litigation, Financial Fraud, Thailand
Some hotel owners are superstitious and ready to resort to some actions when launching the business that many would consider ridiculous. Such actions sometimes include certain room number exclusions to make gue...

Amazon Considers Investment in Diamond to Expand in Regional Sports Network Operations

Radosav Milutinovic
NBA, NHL, Latest Casino and Gambling News, U.S.A., MLB, Gaming Industry News, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Bankruptcy, New York
Simultaneously with a prospective acquisition of streaming platforms Disney and Netflix, global e-commerce giant Amazon is considering options to invest in sports content. As the Wall Street Journal (WSJ) repor...

Aruze Gaming America To Close Its Head Office In Las Vegas Next Month

Marija Malenovic
Las Vegas, Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Bankruptcy, Fines, Lawsuits & Litigation, Nevada
It was recently unveiled that Aruze Gaming America, a Las Vegas-based casino equipment manufacturer, is set to close its Las Vegas head office next month and discharge 100 employees, according to a report filed...
aruze

Aruze Gaming’s Financial Restitution – Voluntary Petition for Bankrupcy

Vanja Mitic
U.S.A., Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Bankruptcy, Licensing, Fines, Lawsuits & Litigation, Financial Press Releases, Nevada
One of the most popular developers of gambling entertainment solutions in the world, Aruze Gaming, is experiencing some financial difficulties these days. The company handed over the voluntary petition for bank...