Search Results for: "macau"

MGM/Jett Gaming LLC close on Gold Strike Casino

May 4, 2015

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Nevada

JETT Gaming LLC and Jean Ventures, LLC have become the second operators in as many months to buy up a small Nevada casino from MGM Resorts International. The Gold Strike Hotel and Gambling Hall in Jean, Nevada ...

Hong Kong offices of Union Gaming now open

Sam Mitchell

May 4, 2015

Latest Casino and Gambling News, Hong Kong, Gaming Industry News, Macau

Union Gaming Group LLC has relocated to a skyscraper, which stands tall over the ferry port servicing the Hong Kong to Macau route. The office in Hong Kong will house the portfolio of businesses the company dea...

Adelson testifies for second day in Las Vegas courtroom

Lars Jones

May 2, 2015

Latest Casino and Gambling News, Macau, Fines, Lawsuits & Litigation, Nevada

Steven Jacobs, the former president of Sands Macau, is suing Sands China and Las Vegas Sands Corp. for wrongful termination. On Friday May 5, 2015 Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson was in c...

Adelson in hearing to decide jurisdictional issue

Sam Mitchell

April 30, 2015

Casino News, Latest Casino and Gambling News, Macau, Crime, Fines, Lawsuits & Litigation, Nevada

The ongoing saga of Jacobs vs Las Vegas Sands found Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson testifying before a judge at the Clark County Justice Center in Las Vegas on Tuesday, April 28, 2015. S...

Hedge Fund with less than 1% of MGM shares rattles sword again

Sam Mitchell

April 28, 2015

Casino News, Latest Casino and Gambling News, North America Casino News, Gaming Industry News

Last month casino news was filled with Land and Buildings Investment Management requesting MGM Resorts put their property into a real estate investment trust (REIT). On April 27, 2015 it was announced that Jona...

New Orleans smoking ban now in effect: lawsuit smolders

Sam Mitchell

April 22, 2015

Latest Casino and Gambling News, Casino News, Fines, Lawsuits & Litigation, Louisiana

Tuesday April 21, 2015 marked a new era for New Orleans in terms of smoking. Starting at midnight on Tuesday casinos, bars, hotels, and other public places like private clubs and stores no longer permit smokin...

Professor Zeng of Polytechnic Institute suggests tighter junket regulations

Sam Mitchell

April 22, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Conferences / Trade Shows, Macau

Professor Zeng Zhonglu, of the Gaming Education and Research Center at the Polytechnic Institute of Macau, believes junket operations are the biggest reason behind Macau’s lost revenue. In a report published on...

Wonderful World developer denies allegations of sharing personal info

Sam Mitchell

April 20, 2015

Latest Casino and Gambling News, Data Protection, Macau, Fines, Lawsuits & Litigation

A casino website, 99world.com, was launched in 2013 to expose gamblers with debts; most often Chinese citizens who avail themselves of the services of junket operators to get around laws restricting the amount ...

Melco Crown Entertainment and Taubman Asia Announce Plans for the Boulevard at Studio City

Lars Jones

April 16, 2015

Latest Casino and Gambling News, Casino project updates, Macau

Collaboration brings a 'one-of-a-kind' retail entertainment experience to Macau, diversifying the city's tourism and economy – a catalyst in helping establish Macau as a world-class tourism and leisure hub MAC...

South Korean casino operator GKL denies partnership plans with US Mohegan Tribe

Sam Mitchell

April 16, 2015

Casino proposals, Casino News, Latest Casino and Gambling News, North America Casino News, Mergers, Acquisitions & Partnerships, South Korea

Korea Economic Daily quoted investment banking sources this week and announced that Grand Korea Leisure Co Ltd had plans to enter into a partnership with the Mohegan Tribe to construct a billion dollar casino...

Australia to see casino revenue skyrocket within 5 years

Sam Mitchell

April 15, 2015

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News

Tuesday April 14, 2015 news revealed that Australia is gaining ground in the casino industry. Projections have casino revenue increasing by 2020 to $6.2 billion. The information was released in a report by IBIS...

MGM Resorts requests REIT rejection

Sam Mitchell

April 14, 2015

Casino News, Latest Casino and Gambling News, Gaming Industry News

MGM Resorts International sent a letter to shareholders Monday urging shareholders to vote for company director candidates for the May 28, 2015 election and not the four proposed Land and Buildings Investment M...

NagaWorld having a good first quarter–VIP revenue doubles

Sam Mitchell

April 13, 2015

Latest Casino and Gambling News, Cambodia, Casino News

NagaCorp Ltd, a Cambodian casino operator, released first quarter earnings on April 1, 2015. NagaCorp revealed that their NagaWorld resort in Phnom Penh posted a gross revenue increase of 48% in a year to year...

Cutting out junket operators leaves Singapore casinos with unpaid debt

Sam Mitchell

April 9, 2015

Casino News, Latest Casino and Gambling News, Gaming Industry News, Financial Fraud, Singapore

Grant Govertsen, a Union Gaming Advisors analysts, told media that Singapore’s gaming revenue is down due to the Chinese movement to end corruption. For over a year now Beijing has limited travel and sought to ...

MGM Resorts International Subsidiary MGM China Holdings Announces Agreement For Amendment And Extension Of Credit Facility

Lars Jones

April 7, 2015

Macau, Financial Press Releases

LAS VEGAS, April 7, 2015 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) today announced that MGM China Holdings Limited, a 51%-owned subsidiary, has agreed in principle with its lenders to amen...