M&A Buzz on the Strip: Blackstone Reportedly Seeks Buyers for The Cosmopolitan Casino

M&A Buzz on the Strip: Blackstone Reportedly Seeks Buyers for The Cosmopolitan Casino

by April 18, 2019

Blackstone reportedly exploring sale of The Cosmopolitan just several months after denying it was looking to divest the luxury Strip casino resortPrivate equity firm The Blackstone Group is assessing strategic options for The Cosmopolitan of Las Vegas, including putting the g ...

Casino Operator Galaxy Lands Football Event Sponsorship in Japan

Casino Operator Galaxy Lands Football Event Sponsorship in Japan

by April 17, 2019

Galaxy has become the lead sponsor of the EUROJAPAN CUP 2019 to boost its bid for a Japanese casino licenseMacau casino and hospitality operator Galaxy Entertainment Group is looking to secure greater brand exposure across Japan with a recently penned sponsorship deal for a b ...

Penn National Closes Resorts Casino Tunica Due to Competition from Arkansas

Penn National Closes Resorts Casino Tunica Due to Competition from Arkansas

by April 17, 2019

Penn National cites casino expansion in neighboring Arkansas as the reason behind its decision to close one of its three Tunica propertiesCasino operator Penn National Gaming announced Tuesday that it has decided to close Resorts Casino Tunica, one of its three properties in ...

Online Slots Supplier Red Rake Gaming Goes Live in Portugal with Bet.pt

Online Slots Supplier Red Rake Gaming Goes Live in Portugal with Bet.pt

by April 17, 2019

Red Rake Gaming delivers on expansion strategy with entry into the regulated online gambling market of PortugalDeveloper and supplier of games for the online casino industry Red Rake Gaming has secured entry into another European regulated market. In a press release on its of ...

Cyprus Regulator Presents Problem Gambling Prevention/Treatment Plan

Cyprus Regulator Presents Problem Gambling Prevention/Treatment Plan

by April 16, 2019

Cyprus’ gambling regulator is looking to develop a strategy for prevention and combating gambling addiction among local gamblersCyprus’ National Betting Authority has asked the government of the tiny Mediterranean nation to approve a €1 million budget for the introduction of ...

NagaCorp CEO to Finance 50% of Naga 3 Casino Resort Project

NagaCorp CEO to Finance 50% of Naga 3 Casino Resort Project

by April 15, 2019

NagaCorp said Sunday that Naga 3, the third phase of its NagaWorld casino resort, will cost around $3.5 billionCasino and hospitality company NagaCorp said in a Sunday filing that its founder, CEO, and largest shareholder would cover half of the costs related to the developme ...

Melco Outlines Sustainability Goals in New ‘Above & Beyond’ Strategy

Melco Outlines Sustainability Goals in New ‘Above & Beyond’ Strategy

by April 15, 2019

The casino operator is set to tackle environment’s biggest problems with its new game-changing ‘Above & Beyond’ sustainability strategyMelco Resorts & Entertainment has introduced multiple goals and targets as part of its strategy to deploy sustainable solutions acros ...

Icahn-Recommended Anthony Rodio To Be Named Caesars CEO

Icahn-Recommended Anthony Rodio To Be Named Caesars CEO

by April 15, 2019

Caesars will reportedly announce today the appointment of Anthony Rodio as the replacement of outgoing CEO Mark FrissoraGaming and hospitality company Caesars Entertainment Corp. is expected to name today Anthony Rodio as its new Chief Executive Officer, the Wall Street Journ ...

James Packer’s New $200 Million Yacht Inches Closer to Maiden Voyage

James Packer’s New $200 Million Yacht Inches Closer to Maiden Voyage

by April 14, 2019

Casino mogul James Packer’s new gygayacht is inching closer to her maiden voyage; the businessman has reportedly spent more than $200 million on his new toyOne of Australia’s richest men, James Packer will soon be able to feed his well-known taste for expensive toys with a br ...

Gambling Giant GVC’s Bosses OK’ed Each Other’s Recent Share Sale

Gambling Giant GVC’s Bosses OK’ed Each Other’s Recent Share Sale

by April 14, 2019

The top bosses of gambling powerhouse GVC Holdings have signed off each other’s recent sale of a large chunk of their personal stakes in the company, The Sunday Times reportsThe news outlet has understood that outgoing Chairman Lee Feldman and CEO Kenny Alexander have given e ...

Construction Workers Shortage Pushes Back Wildhorse Casino Expansion

Construction Workers Shortage Pushes Back Wildhorse Casino Expansion

by April 13, 2019

Wildhorse Resort & Casino expansion hits another setback, CEO proposes the project to be split into two smaller ones so that costs are reducedThe Wildhorse Resort & Casino in Pendelton, Oregon is pushing back the start of an expansion project due to unexpectedly high ...

Bloomberry Targets Mid-2019 Groundbreaking on Quezon City Casino

Bloomberry Targets Mid-2019 Groundbreaking on Quezon City Casino

by April 12, 2019

Philippine business magnate Enrique K. Razon, Jr. shed on Thursday important details about his integrated resort operation’s plans to build a new Solaire-branded property in Quezon CityThe businessman told reporters that Bloomberry Resorts Corp. is on track to commence constr ...

Melco Picks Tourist-Busy Hubs for Ayia Napa, Paphos Casinos

Melco Picks Tourist-Busy Hubs for Ayia Napa, Paphos Casinos

by April 12, 2019

Melco has selected tourist-busy locations for its final two satellite casinos in the Republic of CyprusMacau casino giant Melco Resorts & Entertainment announced Thursday the locations of the two satellite casinos it plans to open in the Republic of Cyprus later this year ...

Casino Giant Caesars to Go on the Market This Week

Casino Giant Caesars to Go on the Market This Week

by April 11, 2019

Caesars is expected to confirm that its board has approved its potential sale by the end of this week amid pressure from its largest stockholderLas Vegas casino and hospitality powerhouse Caesars Entertainment Corp. is reportedly putting itself on the market as soon as this ...

Wynn Resorts to Ban Founding Father Steve Wynn from Its Casinos

Wynn Resorts to Ban Founding Father Steve Wynn from Its Casinos

by April 11, 2019

Wynn presented MassGaming with a set of measures it intends to deploy to prove it has severed ties with its founder and is suitable to keep its casino licenseWynn Resorts plans to ban its founder and former boss Steve Wynn from all its properties as part of the company’s effo ...