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Illegal gaming claim causes Evolution AB to lose $3b in market value

November 17, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, New Jersey

The overall market value of a Swedish gaming company has dropped considerably after accusations of illegal gaming were made by a United States law firm. Evolution AB dropped by $3 billion due to allegedly break...

Ongpin renews auction of his PhilWeb shares

Sadonna Price

September 5, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

Plans have been revived by Roberto Ongpin in his efforts to use his shares of the PhilWeb Corporation to try and help the company after the Philippine amusement and Gaming Corporation rejected or seemingly igno...

James Packer gives up Crown Resorts shares to settle sibling debt

Sadonna Price

August 29, 2016

Australia, Latest Casino and Gambling News, Economy/Finance

After reaching a settlement with his sister Gretel, James Packer has decided to pay the debt owned via the agreement by giving up the majority of control within Crown Resorts. Consolidated Press Holdings Ltd. i...

Elaine Wynn Fights for Control of Wynn Resorts Shares

Sadonna Price

March 29, 2016

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

Steve Wynn is the founder of Wynn Resorts, a top operating gaming company. Wynn’s ex-wife, Elaine Wynn, has recently stepped up her game in the fight for control over 10 million shares that she is unable to sel...

James Packer bumps ownership in Crown Resorts to 53.1 percent

Lars Jones

November 11, 2015

Australia, Casino News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

After a peak price of $18 per share in January 2014, James Packer scooped up 18 million shares in his casino resort company yesterday at a bargain price of $12 each, paying a slight premium over Tuesday's close...

Genting Hong Kong subsidiary agrees to sell shares of Norwegian Cruise Line Holdings

Alex Lanter

August 14, 2015

Casino Cruise Ships, Latest Casino and Gambling News, World Casino News, Asian Casino News

Genting Hong Kong subsidiary Star NCLC has conditionally agreed to sell 4.36% or 10 million shares of Norwegian Cruise Line Holdings for approximately $590 million. This sale is expected to provide a gain of $4...

Galaxy to take stake in Monaco casino operator

Lars Jones

July 25, 2015

Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Monaco

Galaxy Entertainment Group Ltd. is taking a 5 percent stake in a Monaco hotel and casinos operator established in 1863. The shares in Societe des Bains de Mer et du Cercle des Etrangers a Monaco (SBM) are being...