Industry News
MGM Does Not Share Snow Lake Capital’s Rationale For Reducing Its Control In Asia
Snow Lake Capital, an Asian investment management firm and one of the biggest MGM Resorts International’s shareholders, firmly believes that the company would benefit from reducing some of its…
Florida Lawmakers Introduce Sports Betting Bills To Fix Relations Between The State And Seminole Tribe
The relationships between the Seminole Tribe and Florida have always been tense. The Native American tribe was proud to be the only tribe that did not sign any…
Trump Causes Problems For Some Casino Operators In His Last Days In Office
While dealing with protestors in the White House and planning the last moves as the President of the United States, Donald Trump has recently issued an executive order that…
Is Caesars Entertainment Going to Lose Its South Korean Resort Permission?
The long-awaited casino resort under development 10 kilometers away from the South Korean capital’s Incheon airport is still in trouble – as well as Caesars Entertainment. The Midan…
Japan’s Integrated Resorts Race Is Still on As Nagasaki Launches Its Request for Proposals
While the nationwide call for integrated resort proposals is still months away, it’s high time for the interested local authorities to find businesses willing to invest in one in…
Moody’s Skeptical About Melco Resorts’ Recovery, Assigns Ba2 Rating to Melco Resorts Finances
Melco Resorts & Entertainment has found itself in a pickle after its fully-owned subsidiary, Melco Resorts Finances, announced it is offering 5.375% senior notes, which…
Hard Rock Got Itself a London Casino License
Hard Rock International doesn’t let the pandemic slow them down. While most other businesses – both in the casino industry and not – struggle to keep their heads above…
Nevada Casino Workers Will Be Among the First Ones to Get Vaccinated; State Regulator Wants Them Surveyed
With an average of 1,701 confirmed new daily COVID-19 cases over the past 14 days, Nevada is racing to vaccinate its population in the…
Donaco Officially Completes Settlement with Star Vegas Thai Vendor
The litigation saga between Donaco International and its Thai vendors (Lee Hoe Property Co., Ltd and Paramax Co., Ltd) has finally come to its conclusion. On January 11, 2021,…
Macau Casino Industry to Continue Its Recovery in 2021, But It Might Take Years to Bounce Back
Now that the numbers are in for the last month of 2020, the bets are in on how swiftly the Macanese casino industry will recover – and what…
Macanese Authorities Wary of Chinese New Year-Related Travel (Which Might Undercut the Casino Industry’s Slow Recovery)
Celebrated between February 12 and 26 in 2021, the Chinese New Year is looming over the horizon. But this year, the festivities don’t make the authorities excited about the…
Penn National Is Looking for Potential Tropicana Buyers (Again); Virgin Hotels’ Opening Is Delayed
In the wake of an unprecedented slump in visitation (it is the lowest since 1993) caused by COVID-19, the Las Vegas casino landscape keeps changing. Some companies seek to…