Caesars Entertainment Corp. agreed to sell its Caesars Golf Macau course in Macau to Pearl Dynasty Investments Ltd. for $438 million. The US casino operator had bought the property in 2007 for $578 million, hoping it could find a way to use it for a casino but gave up on the idea last year after making no progress and took a $101 million write down. The course generated $200,000 in net profit in the second quarter on $800,000 in revenue. Pearl Dynasty has paid $65.7 million of the purchase price already and must pay the balance within 90 days under the deal.
The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
The next edition of the AGB Webinar Series will look at the future of iGaming customer acquisition and retention, which has been going through a transition period over the last year.