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Dan Gilbert exits casino business with Jack Entertainment sales

It would seem that billionaire American businessman Dan Gilbert (pictured) has quietly exited the casino business after reportedly selling off his remaining stake in operator Jack Entertainment to members of the firm’s management team. According to a Monday report from the Cleveland Scene newspaper, Gilbert is worth an estimated $34 billion thanks to his Quicken […] Source link

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Grand Korea Leisure Company Limited extends casino closures to February 1

In South Korea and casino operator Grand Korea Leisure Company Limited has reportedly announced that it is to keep its three-strong chain of Seven Luck Casino-branded venues shuttered until February 1 owing to the ongoing coronavirus pandemic. According to a report from GGRAsia, the Seoul-headquartered firm’s foreigner-only casinos inside the Millennium Hilton Seoul, Intercontinental Seoul […] Source link

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Positive earnings prediction for coming Grand Lisboa Palace

In Macau and local casino operator SJM Holdings Limited is reportedly expected to generate approximately $257 million in aggregated annual earnings next year from its coming Grand Lisboa Palace development. According to a report from Inside Asian Gaming, this forecast from American credit ratings behemoth Fitch Ratings Incorporated was included in an assessment that gave […] Source link

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Casino opposition group gets underway in Japan

In Japan and members of the Constitutional Democratic Party have reportedly convened the first meeting of an internal group that is to intensively lobby against the granting of the nation’s inaugural trio of integrated casino resort licenses. According to a report from Inside Asian Gaming, the Casino Problem Countermeasures body held its maiden summit on […] Source link

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Caesars investing $47 million to upgrade Silver Legacy at The Row Reno

American hotel and casino entertainment company, Caesars Entertainment Inc. (CZR), formerly Eldorado Resorts Inc., is investing $47 million worth of upgrades to its showcase resort property in downtown Reno, the Silver Legacy. According to the Nasdaq-listed firm’s recent announcement, 75 percent of the 38-floor resort’s 1,600 rooms and suites, from the fifth through the 25th […] Source link

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Genting Casino Southport to be permanently shuttered

In the United Kingdom and the local subsidiary of Asian casino operator Genting Malaysia Berhad has reportedly announced the impending permanent closure of its Genting Casino Southport venue for the loss of 38 jobs. According to a Wednesday report from G3Newswire, the Genting Casinos UK Limited subordinate described the shuttering of the Southport property as […] Source link

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Genting Malaysia Berhad receives a precarious prediction

A leading investment bank has reportedly cut its upcoming annual earnings estimate for Asian casino operator Genting Malaysia Berhad by some 58% owing to an expected coronavirus-induced drop in future visitation. According to a report from Inside Asian Gaming, the declaration from Maybank Investment Bank Berhad was contained within an assessment written by analyst Samuel […] Source link

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China showing its commitment to stamping out cross-border gambling

Police in China reportedly arrested over 75,000 people last year as they busted up more than 3,500 illicit cross-border gambling cases alongside some 2,260 that had involved forbidden iGaming platforms. According to a report from Inside Asian Gaming, these figures were contained in a recent update from the giant nation’s Public Security Ministry as a […] Source link

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