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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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Texas’s Tidy Finances Could Weigh on Casino Efforts

In the domestic casino industry, Texas is the golden goose. For operators yearning to develop gaming properties in the Lone Star State problematic is the state’s sturdy fiscal position. Texas Comptroller Glenn Hegar. A strong revenue outlook for the state could crimp casino plans. (Image: YouTube) Like so many states, Texas is facing some budgetary issues stemming from the coronavirus ...

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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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Remembering Sheldon Adelson: Casino Execs and Republicans Pay Tribute

Tributes for Sheldon Adelson are pouring in. From casino executives to world leaders, the casino tycoon is being remembered fondly by his friends and allies. People around the world are commenting on Sheldon Adelson’s passing. The 87-year-old died today at his home in Malibu, California. (Image: Reuters) Adelson, the Las Vegas Sands founder, chairman, and chief executive, was worth an ...

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