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One of the three sons of Nagakov's late founder Sir Chen Lip, who was named chief executive there in April 2022, has ended his employment at the casino group since Thursday, the company said in a filing to the Hong Kong Stock Exchange after trading hours that day.Chen Cherchi's exit [more...]
Genting Malaysia Bhd, part of the conglomerate Genting Bhd, which invests globally in casinos, announced on Monday that one of its companies had issued a medium-term bond of 400 million yuan (about $84.7 million).The funds will be used for operating costs, capital costs, investments, refinancing, working capital and/or funding requirements, [more...]
MGM Resorts International, a U.S.-based casino operator, announced that its subsidiary Leovergas Group has agreed to acquire products and technology platforms that make up U.S. sportsbooks and online casinos from Tpico Group.As part of the deal, LeoVegas will acquire some of Tifico's "U.S. in-person management, technology and trade teams across [more...]
Already familiar in the casino equipment supply market, but with other ownership, slot machine manufacturing business Aruze Gaming Global aims to establish a presence internationally, including in Asia, in its title.Kelsey Allison, global chief operating officer, said in an interview with GGRAsia.U.S.-based Play Synergy recently acquired the Arouze Gaming America [more...]
If the Japanese city of Osaka (pictured) can create a "logical" and non-conflict urban entry tax system that can be applied to foreigners, the Japanese government is likely to allow it.This is according to Joji Kokuryo, managing director of Bay City Ventures Ltd., a Japan-based industrial consulting firm that has [more...]
NE Group has entered into a new partnership with Sporting Solutions, a provider of sports betting technology. NE Group will implement Sporting Solutions' probability and risk management solutions on its platform across all sports, subject to the terms of the agreement.The deal gives operators using NE Group's sportsbook platform access [more...]
In Macau, billionaires interested in gaming have resurfaced in Hong Kong's list of the top 50 richest people this year, released by Forbes magazine.The wealth of the big names on Forbes' list of the top 50 richest people in Hong Kong in 2024 fell to $296 billion from $324 billion [more...]
Macau had just over 3.29 million visitors in February, nearly 1.4 million of them in eight days of the Chinese New Year holiday. The tally for February was 92.9% in the same month in 2019 (pre-pandemic trading year), when the Lunar New Year festival was also held in February.The number [more...]
The Macau government tourism agency (MGTO) said in an announcement on Thursday, citing provisional data from Macau's public security police, a total of about 8.88 million visitors in the first quarter, up 79.6% year-on-year and 84.8% in the same quarter of 2019.Mainland China, Macau's most important supply market for gaming [more...]
Casino group Las Vegas Sands Corp., the parent company of Macau casino operator Sands China, will issue $1.75 billion in senior unsecured bonds, according to Tuesday's forecast. Proceeds from the issue will be used to refinance the company's $1.75 billion due in August this year.The notes will be issued in [more...]
Jay-Z and his entertainment agency Rock Nation have launched several commercials to win the support of New York City residents. The company purchased full-page ads from several media outlets in "the city that never sleeps" highlighting the advantages of having casinos in Times Square.Currently, Empire State is trying to issue [more...]
