Category: Casino

Travellers International Hotel Group, Inc., the joint venture between Philippine-listed Alliance Global Group, Inc. (AGI) and Genting Hong Kong Limited, will continue the construction of the Westside City casino resort in early 2019, to meet a scheduled 2021 opening. The planned resort, located in Entertainment City in Parañaque, Metro Manila, had previously been set for […]

  Saipan casino operator Imperial Pacific International (IPI) is temporarily closing its venue after a tropical storm damaged the island’s international airport. In late October, Super Typhoon Yutu hit the US Commonwealth of the Northern Mariana Islands (CNMI), killing two local residents and destroying thousands of homes. The Saipan International Airport also suffered extensive damage […]

If there were any doubt as to the intentions of billionaire Carl Icahn for Caesars Resorts, that doubt is quickly being erased. After purchasing 10% of the casino giant in February, Icahn has upped his stake and is now the largest shareholder of the company. He is undoubtedly preparing the company to be put up […]

New York has begun to loosen up on gambling and casino operators are seizing the opportunity to push for further expansion. MGM Resorts, which purchased the Empire City Casino at Yonkers Raceway in Yonkers, NY this past January, wants to take Las Vegas-style gaming to the state and is hoping it will be able to […]

  Yes, PASPA has been overturned and we’re all very happy about it. But investment gains are not made on news that the entire market is already aware of with expectations already high. Putting capital to work in the U.S. now is a bet on long term U.S. gambling growth prospects with only minor short […]

Maryland’s casino operators reported a modest revenue gain in April but failed to match their record-setting pace in March. Figures released this week by the Maryland Lottery and Gaming agency show the state’s six casinos generated gaming revenue of $145.2m in April, a 1.2% rise over the same month last year, albeit well back of […]

Australia-listed Donaco International Limited announced that it was planning a “strategic review” of its debt and cash flow situation. In its filing, the operator of Star Vegas in Poipet, Cambodia specifically mentioned its need to “eliminate or restructure” its debt to Mega Bank, currently amounting to $39.9 million. The debt “is secured only against the […]

  It appears that more casino operators are starting to get serious about wanting to operate in Japan. Rush Street just announced a couple of days ago that it would be bidding on an integrated license (IR) in the country and, now, Sega Sammy Holdings hopes to get in on the action. The Japan-based entertainment […]

The Imperial Pacific International Casino project being built in Saipan already missed an August deadline. However, the new deadline looks to be a stretch as well, according to an article published in Asia Gaming Brief on Thursday. In June of 2018, we reported that the $7 billion project, being built in Saipan, was not going […]

Melco Resorts and Entertainment was the first casino operator to offer its employees a winter bonus. That bonus, to be given to eligible non-executive employees, is equal to one month’s salary and is expected to be delivered in any moment. Now, Melco employees have received more good news after the company announced that it will […]