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Serious scepticism for coming Resorts World Las Vegas

September 3, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Casino project updates, Economy/Finance

A leading investment bank has reportedly announced that it is ‘unsure’ regarding the future prospects of success for the $4.3 billion Resorts World Las Vegas facility prominent casino operator Genting Malaysia ...

Resorts World Genting re-opening its casinos following coronavirus closures

Adam Morgan

June 18, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, Malaysia

Asian casino operator Genting Malaysia Berhad has reportedly announced that it will be partially resuming gambling entertainment within its Resorts World Genting development from tomorrow following an over 13-w...

Resorts World Las Vegas strengthens its executive team

Adam Morgan

September 14, 2019

Latest Casino and Gambling News, Las Vegas, Casino News, Casino project updates, Employment & Careers

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 b...

Empire Resorts Incorporated offloading its remaining Resorts World Catskills stake

Adam Morgan

August 21, 2019

Casino Sales, Latest Casino and Gambling News, Horse Racing, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New York

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 Mal...

Resorts World Catskills parent considering voluntary bankruptcy move

Adam Morgan

August 19, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, New York

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. Ac...

Genting Malaysia Berhad resolves lawsuit against The Walt Disney Company

Adam Morgan

July 27, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Mergers, Acquisitions & Partnerships, Malaysia, Fines, Lawsuits & Litigation

Asian casino operator Genting Malaysia Berhad has reportedly announced that it has reached a settlement that has ‘fully resolved’ the $1 billion lawsuit it filed against The Walt Disney Company late last year. ...

Singapore arm of Las Vegas Sands Corporation launches financing quest

Adam Morgan

June 19, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino expansion projects, New Hotels, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Singapore

In Singapore and the local subsidiary of American casino giant, Las Vegas Sands Corporation, has reportedly launched a campaign in hopes of securing approximately $5.85 billion in financing to further develop i...

Potential sale on the cards for The Cosmopolitan of Las Vegas

Adam Morgan

April 19, 2019

Casino Sales, Latest Casino and Gambling News, Las Vegas, Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships

American private equity firm, Blackstone Group LP, has reportedly retained the services of financial services experts, PJT Partners Incorporated, and Deutsche Bank AG in order to explore the possibility of sell...

Genting Malaysia Berhad being advised not to overextend its reach

Adam Morgan

April 18, 2019

Latest Casino and Gambling News, Las Vegas, Casino News, Casino expansion projects, Casino project updates, Economy/Finance, Singapore

Asian casino operator, Genting Malaysia Berhad, reportedly ‘has the liquidity’ to complete the development of large projects in Las Vegas and Singapore but may jeopardize its future ‘deleveraging trajectory’ by...

Genting Malaysia Berhad agrees Maxims Casino Club sale

Adam Morgan

March 25, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, United Kingdom

Asian casino operator, Genting Malaysia Berhad, has announced the signing of a deal that is to see it earn approximately $45.79 million by selling the subsidiary that is responsible for running the United Kingd...

Resorts World Las Vegas lawsuit settled by Wynn Resorts Limited

Adam Morgan

January 29, 2019

Latest Casino and Gambling News, Las Vegas, Casino News, Casino project updates, Fines, Lawsuits & Litigation

American casino operator, Wynn Resorts Limited, has reportedly settled the five-count trademark infringement and unfair competition lawsuit it had filed against Malaysian counterpart, Genting Malaysia Berhad, i...

Genting Malaysia Berhad facing countersuit in California

Adam Morgan

January 25, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Casino project updates, Malaysia, Fines, Lawsuits & Litigation

After initiating a $1.75 billion legal action against the newly-purchased Twenty-First Century Fox Incorporated subsidiary of The Walt Disney Company in November, Asian casino operator, Genting Malaysia Berhad,...

Wynn Macau Limited wins landmark court case in Malaysia

Adam Morgan

January 21, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Malaysia, Fines, Lawsuits & Litigation

In Malaysia, a High Court Judge reportedly made history on Friday by ordering local gambler, Paul Poh Yang Hong, to pay off the entirety of a debt he allegedly ran up while playing at a casino owned by Wynn Mac...

MQ Technology Berhad abandons Cambodian casino resort partnership

Adam Morgan

January 4, 2019

Latest Casino and Gambling News, Casino proposals, Cambodia, Casino News, Mergers, Acquisitions & Partnerships

Malaysian conglomerate, MQ Technology Berhad, has reportedly announced that it has pulled out of a partnership that was due to see it assist in bringing a casino resort complete with a theme park to a 12.6-acre...

Genting Malaysia Berhad names new Deputy Chief Executive Officer

Adam Morgan

January 2, 2019

Latest Casino and Gambling News, Employment & Careers, Malaysia

Asian casino operator, Genting Malaysia Berhad, has reportedly announced that it has appointed Lim Keong Hui to serve as its new Deputy Chief Executive Officer as it looks to reverse a recent third-quarter defi...