Melco Resorts And Entertainment Limited

Crown Resorts Limited ceases sharing information with its largest shareholder

October 15, 2020

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

In Australia and an official examination into the casino license suitability of Crown Resorts Limited has reportedly been told that the firm has ceased sharing confidential information with its largest individu...

Suncity Group Holdings Limited ups its stake in Summit Ascent Holdings Limited

Adam Morgan

October 15, 2020

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Hong Kong, Economy/Finance, Mergers, Acquisitions & Partnerships, Russia

Asian junket behemoth Suncity Group Holdings Limited has reportedly announced the completion of a deal that has seen it pay approximately $160 million in order to acquire a further 41.69% stake in Russian casin...

Yokohama launches second RFC round for potential casino partners

Adam Morgan

October 14, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan, Licenses, Mergers, Acquisitions & Partnerships

In Japan and the city of Yokohama has reportedly launched a second request for concept (RFC) round attached to its effort at securing the rights to host one of the nation’s coming trio of integrated casino reso...

Crown Resorts Limited inquiry hears about relaxed James Packer stance

Adam Morgan

September 29, 2020

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

In Australia and an official inquiry into the casino license suitability of Crown Resorts Limited has reportedly been told how the firm’s largest shareholder was seemingly unconcerned about allegations a potent...

Second-quarter deficit for Melco Resorts and Entertainment Limited

Adam Morgan

August 21, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Mergers, Acquisitions & Partnerships

Asian casino operator Melco Resorts and Entertainment Limited has reportedly followed many of its rivals in recording an overall loss for the three months to the end of June owing to the many disruptions caused...

Melco Resorts and Entertainment Limited eyeing Studio City Macau boost

Adam Morgan

July 8, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

Asian casino giant Melco Resorts and Entertainment Limited has reportedly announced that it is prepared to spend up to $500 million so as to increase its majority stake in the operating vehicle behind the 1,600...

Macau second-quarter aggregated earnings shortfall expected to top $1 billion

Adam Morgan

July 6, 2020

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

The lingering impacts of the coronavirus pandemic will soon reportedly prompt the six licensed casino operators in Macau to detail combined second-quarter deficits in earnings before interest, tax, depreciation...

Macau casino tycoon Stanley Ho Hung Sun passes away at the age of 98

Adam Morgan

May 26, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau

One of the key men responsible for transforming Macau into the world’s premiere casino hotspot, Stanley Ho Hung Sun (pictured), reportedly passed away at a Hong Kong hospital early this morning at the age of 98...

City of Dreams Mediterranean construction work resumes

Adam Morgan

May 8, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Cyprus, Economy/Finance, Licenses

In Cyprus and casino operator Melco International Development Limited has reportedly announced that it has renewed building work on its coming City of Dreams Mediterranean development following the lifting of l...

SJM Holdings Limited ramping up Grand Lisboa Palace preparations

Adam Morgan

May 6, 2020

Latest Casino and Gambling News, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Macau

In Macau and local casino operator SJM Holdings Limited has reportedly announced that it will be moving approximately 1,000 employees from its iconic Casino Grand Lisboa to work in its soon-to-open Grand Lisboa...

Melco Resorts and Entertainment Limited abandons Australian pursuit

Adam Morgan

April 29, 2020

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

Asian casino operator, Melco Resorts and Entertainment Limited, has reportedly sold its entire stake in counterpart Crown Resorts Limited to a subordinate of American private equity firm The Blackstone Group In...

Construction begins on second phase of Studio City Macau

Adam Morgan

April 29, 2020

Latest Casino and Gambling News, Casino News, Casino expansion projects, New Hotels, Gaming Industry News, Economy/Finance, Macau

In Macau and prominent casino operator Melco International Development Limited has reportedly announced that it has begun building the second stage of its giant Studio City Macau venue. According to a report...

Financial troubles continue for firm behind Macau’s The 13 hotel

Adam Morgan

April 7, 2020

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and one of the companies behind the luxury The 13 hotel has reportedly applied for a ‘standstill’ order so as to prevent its bank from calling in a loan worth just over $319.9 million and potentially l...

Wakayama Prefecture initiates RFP stage of casino plan

Adam Morgan

March 30, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Japan, Licenses, Mergers, Acquisitions & Partnerships

In Japan and the government for Wakayama Prefecture has reportedly launched the request for proposal (RFP) stage of its plan to secure one of the nation’s coming trio of licenses to build and operate an integra...

Coronavirus fears continue to send casino share prices plummeting

Adam Morgan

March 20, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Casino closures, Gaming Industry News, Economy/Finance, Macau

Ongoing anxieties concerning the global coronavirus pandemic have recently sent stock prices falling around the world while yesterday reportedly saw the value of shares in Macau’s six licensed casino operators ...