World News

Genting plans to invest about €105 mil in Andorra casino

Genting plans to invest about €105 mil in Andorra casino

KUALA LUMPUR (Jan 4): Genting Group has plans to invest around €105 million (about RM507 million) to build a casino resort in Andorra, according to a report on news portal Casino News today. Nestled between Spain and France, the small European country’s government is currently reviewing proposals from interested bidders for a single casino license, the report read. It said Genting is among major i... »

Macau casino outlook is China’s call

Macau casino outlook is China’s call

Macau It may be just be a couple of ex Portuguese Island in the sea but Macau continues to be the golden child of casinos generating over 3 times as much drop as Las Vegas with around a third of the casinos. The desire for gambling is insatiable, Is Gambling only a problem when you can not afford it ? Gamblers have no way of telling the end of a winning streak from a random loss. Investors in casi... »

Asia Casinos 2018: Will Japan Ever Cross The Casino Line

Asia Casinos 2018: Will Japan Ever Cross The Casino Line

Will Japan Ever Cross The Casino Line The gaming concession for SJM Holdings and its subconcession sold to MGM and Pansy Ho expires in March 2020, two years ahead of Macau’s other two casino licenses and their subconcessions. I predict Macau will extend the SJM concession to align it with the others. That will shift the question of what to do about the expiration of gaming concessions to Mac... »

Caesars to buy Shelbyville, Anderson casinos

Caesars to buy Shelbyville, Anderson casinos

Caesars to buy Shelbyville Not long after the bankruptcy threats and the possible sale of its UK Casinos a few years ago Caesars bounces forward In its first acquisition after emerging from bankruptcy, Caesars announced it would pay $1.7 billion for Indianapolis-based Centaur and its two racetrack-based casinos in Anderson and Shelbyville. If approved by the Indiana Gaming Commission, Indiana Hors... »

$5,000 chips are down at casino with concerns about money laundering, safety

$5,000 chips are down at casino with concerns about money laundering, safety

A flood of $5,000 chips that disappeared from Richmond’s River Rock Casino raised concerns about public safety and an alleged underground economy connected to illegal casinos in Richmond, according to documents obtained by Postmedia News. The documents, which are redacted to protect police investigations, were released to Postmedia in the third phase of a freedom of information disclosure. They sa... »

Casino operator Penn National to buy Pinnacle in US$2.8 billion deal

Casino operator Penn National to buy Pinnacle in US$2.8 billion deal

U.S. casino operator Penn National Gaming Inc said on Monday it would buy Pinnacle Entertainment Inc in a cash and stock deal valued at about US$2.8 billion to create a larger-scale gaming platform. The deal is the latest in a series of mergers and acquisitions in the U.S. gambling sector in recent years as companies look to expand their reach, diversify their businesses and take advantage of rece... »

Philadelphia City Council votes 17-0 to reject video gaming terminals and mini-casinos

Philadelphia City Council votes 17-0 to reject video gaming terminals and mini-casinos

Philadelphia City Council voted unanimously Thursday to bar video gaming terminals, as well as a satellite or mini-casino, in the city. Twelve Council members cosponsored legislation and were joined by five others in a unanimous vote to tell the state “no” to awarding gaming terminal licenses in truck stops, and a “Category 4” casino license with up to 750 slot machines and 40 table games in city ... »

$80 million investment: Potawatomi Hotel and Casino breaks ground on new tower

$80 million investment: Potawatomi Hotel and Casino breaks ground on new tower

Potawatomi Hotel & Casino A groundbreaking ceremony began inside Potawatomi on Thursday, December 14th, with a welcoming song and traditional prayer. Rodney Ferguson is the hotel and casino’s COO, and said work is beginning on the new 19-story tower. The $80 million investment will increase the size of our property by 180,000 square feet, said Ferguson. The addition is expected to create... »

Pennsylvania plans mini-casino auction

Pennsylvania plans mini-casino auction

The Dilemma for any local Government   On one hand they have to be anti gambling to get the majority of voters on their side, on the other hand they cannot ignore the revenue that it generates for them. Is the word Hypocrisy! HARRISBURG — Pennsylvania gambling regulators will hold an auction Jan. 10 for the state’s existing casino owners to bid on the first of 10 licenses to operate a m... »

Why MGM Resorts Is Upgrading Monte Carlo

Why MGM Resorts Is Upgrading Monte Carlo

The Las Vegas Strip is getting another face-lift now that MGM Resorts (NYSE:MGM) is spending $450 million to turn the Monte Carlo into Park MGM. It’s a needed upgrade for an aging property and one of MGM’s weakest performers, and key to attracting more high-end customers to the south side of the Strip. MGM Resorts should be able to generate millions in additional revenue, as well as mo... »

Page 1 of 94123»
Optimization WordPress Plugins & Solutions by W3 EDGE