GVC Holdings to Buy bwin.party for £1.12 billion

by September 4, 2015

Isle of Man-based gambling company GVC Holdings PLC announced earlier today that it had reached an agreement to buy rival bwin.party digital entertainment plc for the amount of £1.12 billion ($1.7 billion). GVC is to pay for its newest acquisition in cash and shares.Gibraltar ...

Genting Hong Kong Allowed to Increase Stake in Echo Entertainment

by September 4, 2015

Cruise ship and resort operator Genting Hong Kong, subsidiary of Malaysian conglomerate Genting Group, won a key approval from the New South Wales government to increase its stake in Australian gambling company Echo Entertainment.Genting Hong Kong was permitted to raise its c ...

Scarlet Pearl Casino Developers to Be Issued TIF Bonds by D’Iberville Council

by September 3, 2015

Officials from D’Iberville, South Mississippi are preparing a plan for the issuance of tax-increment financing bonds in order to support financially developers of the 18-story Scarlet Pearl Casino, which is to open doors by the end of the year. The city has been looking to the es ...

Pennsylvania Regulators Reject Dunmore Businessman Bid to Work with Mount Airy Casino Resort

by September 3, 2015

The Pennsylvania Gaming Control Board rejected on Wednesday Dunmore-based businessman Louis A. DeNaples’ bid to resume business with Mount Airy Casino Resort, located in Monroe County. Mr. DeNaples is in fact the founder of the said casino but relinquished his ownership rig ...

Graton Resort & Casino Breaks Ground on $175-Million Hotel

by September 3, 2015

Gambling operator Station Casinos LLC and California’s Federated Indians of Graton Rancheria broke ground on a $175-million hotel which is to represent the resort component of Graton Resort & Casino located in Rohnert Park.The six-story hotel will spread over 342,00 ...

Horseshoe Casino Cincinnati Opens Rooftop Bar

by September 2, 2015

Horseshoe Casino Cincinnati, one of four state-owned casinos, will launch its rooftop bar this weekend. The 4,000-square-foot outdoor facility is located on the second floor of the Cincinnati-based casino.The so-called Terrace Rooftop Bar will offer a wide selection of specia ...

Universal Entertainment Sells $600 Million Bonds to Fund Manila Bay Resorts Construction

by September 2, 2015

Universal Entertainment Corp., owned by Japanese businessman Kazuo Okada, announced that it had issued a total of $600 million in bonds. The corporate notes have a 12% annual yield. In addition, they are due 2020.The Singapore-listed bonds were issued on August 25. The Japan ...

Kansas Crossing Casino Granted 90-Day Extension on Construction

by September 2, 2015

Kansas Crossing Casino officials announced that construction on the gambling property, which is to be located near Pittsburg in the southeastern part of the state, has ceased due to the legal hurdles it is currently facing.Confirmation that construction work has stopped was g ...

NetEnt Casino Content Approved to Go Live in New Jersey

by September 1, 2015

Swedish supplier of gaming solutions NetEnt announced that it has been given the green light by the New Jersey Division of Gaming Enforcement to introduce its online casino product offering within the state borders via the bwin.party and Borgata brands.Earlier this year, the ...

Stockton University Considers Offers for Shuttered Showboat Casino

by September 1, 2015

Stockton University officials revealed on Monday that they have received a number of proposals for Atlantic City’s Showboat casino.Harvey Kesselman, Acting President of the university, pointed out in a statement that its board of trustees and senior leadership discussed ...

City of Dreams Manila to Be Investigated over Suspended Workers

by August 31, 2015

Philippine Senator Miriam Defensor Santiago called for the country’s Senate to look into reports that about 100 employees of integrated resort City of Dreams Manila are to be suspended due to considerable profit loss. Reportedly, Melco Crown Resorts Corporation, a Phili ...

Macau Casinos Opt for Kidnapping Insurance Policies

by August 30, 2015

A Hong Kong-based insurance broker revealed that all major Macau hotel and casino chains have been interested in the so-called specialist risk insurance as the number of abductions over gaming debts has been constantly increasing.Attractive insurance policies drew the attent ...

Proposed Wynn Everett Casino Wins Crucial Environmental Permit

by August 29, 2015

Gambling operator Wynn Resorts was granted on Friday a key environmental permit from Massachusetts environmental authorities. Thus, the company cleared one of the many obstacles it has been facing and is now a bit closer to beginning construction of its proposed $1.7-billion casi ...

Echo Entertainment to Re-brand Casino Properties

by August 28, 2015

Australian gambling operator Echo Entertainment announced earlier today a planned re-branding in a bid to bring its Brisbane, Gold Coast, and Sydney casino properties under the same name. Group shareholders will be requested to back the name change at the annual general meeting, ...

Hollywood Casino Columbus Adds Second Smoking Patio

by August 27, 2015

A spokesman for Hollywood Casino Columbus in Ohio announced on Wednesday that another smoking patio will be launched sometime next month.The facility will spread over 2,000 square feet and will be located along the casino’s southwest wall. It will feature as many as 71 ...