The construction of the $90-million expansion of the Legends Casino, property of the Yakama Nation, is in process. The multimillion revamp involves the building of a six-story hotel which will offer about 200 rooms to its guests. The already established casino venue is also under ...
Popular American business magnate Steve Wynn revealed more details about his Everett project. The developer shared that he had given up on the original design of the resort. Instead, the new building will sport a slightly curved shape, very similar to that of his Encore and Wynn ...
Fitch Ratings Inc. announced that it had upgraded the so-called Issuer Default Rating for the well-known gambling operator Las Vegas Sands Corp. from ‘BB+’ to ‘BBB-‘. The upgrade also concerns the company’s subsidiaries, Sands China Ltd. included. In ...
Japanese Prime Minister Shinzo Abe, who was re-elected a few days ago, stated that he will do his best to bolster his country’s economy by means of his suite of measures known as ‘Abenomics’. According to Dr. Kazuaki Sasaki, an Assistant Professor at the Nihon U ...
The Mashpee Wampanoag tribe has been trying to build its casino in Massachusetts for years. And earlier this month, its people finally received good news for the future of the project. As Cedric Cromwell, the current Tribal Council Chairman, stated, the court ruling concerning th ...
It was announced a few days ago that developers and legislators from the Southern Tier region asked for the Gaming Facility Location Board to reconsider its decision to award licenses to three casinos in the state of New York.As a part of their request, the so-called Traditio ...
Glenn Straub – the bidder, who became a runner-up during the auction for Revel Casino acquisition, got the chance to buy the struggling casino when the Canadian company Brookfield Asset Management gave up on its intentions to obtain the property for the sum of $110 million.Ho ...
A few days ago, investment analyst Cameron McKnight of New York-based Wells Fargo Securities LLC released a note suggesting that Galaxy Macau Phase 2A’s launch might be postponed to May 2015. Previously, it was announced that the gaming operator will complete its expansion ...
Gala Coral – a leading betting and gaming company in Europe, has recently inked a deal with M&G Investments and transferred the ownership of 47 bingo properties, located on the territory of the United Kingdom, to M&G.That has been the latest move taken by Gala officia ...
The implementation of the Point of Consumption Tax, which has severely affected all providers of gambling products and services on the territory of the United Kingdom, made the Isle of Man officials consider offering Double Duty Relief to all the 56 gambling operators.The cha ...
Chinese President Xi Jinping ended his two-day visit in Macau by reiterating his cautionary advice that the administrative region should try to boost its economy with activities that do not involve gambling. He also pointed out that Macau’s casino industry needs strict regu ...
Taj Mahal is supposed to stay open through the holidays and it will continue operating for an indefinite period of time in 2015.The closure of the venue was prevented as the billionaire Carl Icahn invested $20 million with the aim of keeping it open while the bankruptcy proce ...
The billionaire Tony Fung has officially acquired Casino Canberra for the sum of AUD6 million.Joy Burch, the ACT Gaming and Racing Minister, publicly revealed that the deal has finally been completed and Casinos Austria International is no longer in charge of Casino Canberra. ...
A few days ago, it was announced that Caesars Entertainment Corporation’s main operating unit is planning to file for Chapter 11 bankruptcy protection in the beginning of 2015. Thus, the gambling operator will be able to reduce its debt by more than a half.Currently, th ...
Fernando Chui Sai On, the CEO of Macau, announced that the government is about to start reviewing the local gambling sector at the beginning of spring.Chinese President Xi Jinping visited Macau last week and recommended the regulation and the supervision over the local gambli ...
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