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World

Wynn eye for Crown could be defensive: analysts

Apr 09, 2019 Newsdesk Latest News, Macau, Top of the deck, World

The interest of United States-based casino operator Wynn Resorts Ltd in acquiring Australian casino firm Crown Resorts Ltd in a possible US$7-billion deal could be a case of “get bigger or get...

Summit Ascent key investor eyes US$55mln stake sale

Apr 09, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck, World

The largest-single shareholder in Hong Kong-listed Summit Ascent Holdings Ltd, the promoter of Russian casino resort Tigre de Cristal, is mulling disposing of its stake to an undisclosed suitor. The...

Crown confirms US$7.1bln Wynn Resorts takeover talks

Apr 09, 2019 Newsdesk Latest News, Top of the deck, World

Australia-based gaming operator Crown Resorts Ltd confirmed on Tuesday the firm is in talks with U.S.-based Wynn Resorts Ltd regarding a potential AUD10-billion (US$7.1-billion) takeover. The...

Casino veterans Murray, McCamley tie consultancy effort

Apr 08, 2019 Newsdesk Industry Talk, Latest News, Macau, Rest of Asia, World

Two casino industry consultancies respectively led by people that have had casino management experience at senior level in Asia, are to pool resources to offer “integrated resort planning and...

Sci Games closer to IPO for social gaming biz

Apr 08, 2019 Newsdesk Industry Talk, Latest News, Top of the deck, World

Scientific Games Corp, a United States-based casino equipment maker and lottery services company says its social gaming arm has taken a step closer to floating shares on Nasdaq. Scientific Games...

Construction of CoD Mediterranean to begin in April: firm

Apr 04, 2019 Newsdesk Latest News, Top of the deck, World

The promoters of City of Dreams Mediterranean, the main Cyprus casino resort planned by Melco International Development Ltd for the European holiday destination, have selected the main contractors...

Genting’s Las Vegas arm borrows US$1 bln to finish resort

Apr 04, 2019 Newsdesk Latest News, Top of the deck, World

Malaysian operator of casinos Genting Bhd says its venture in Las Vegas will use the proceeds of an offering of US$1-billion worth of debt to finish and open the casino resort it is currently...

Wynn execs hushed Steve Wynn sex claims: Mass. regulator

Apr 03, 2019 Newsdesk Latest News, Top of the deck, World

Some senior people working for Steve Wynn when he ran U.S.-based casino operator Wynn Resorts Ltd spent several years trying to keep secret some employee allegations of sexual misconduct against him....

MGM Resorts to rejig debt via US$1bln senior note offer

Mar 28, 2019 Newsdesk Japan, Latest News, Macau, Top of the deck, World

Casino and hospitality operator MGM Resorts International says it will offer US$1 billion in senior notes as part of a broader rearrangement of its borrowings. A Wednesday filing to Nasdaq in the...

Imp Pacific in the red, posts US$377mln annual loss

Mar 27, 2019 Newsdesk Latest News, Top of the deck, World

Pacific island casino operator Imperial Pacific International Holdings Ltd reported a loss of almost HKD2.97 billion (US$377.7 million) for full calendar year 2018, it said in a Wednesday filing to...