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Tak Chun CEO may make mandatory bid for Macau Legend

Tak Chun CEO may make mandatory bid for Macau Legend

Tak Chun CEO Chang Wen Lin may make a mandatory offer for all of the outstanding shares in Macau Legend for HK$1.9 billion ($245 million) after acquiring a stake in the operator.
SG appoints former Aristocrat execs to board after investor changes

SG appoints former Aristocrat execs to board after investor changes

Scientific Games said it has appointed former Aristocrat CEO Jamie Odell as its executive chair and former Chief Financial Officer Toni Korsanos as executive vice chair in a boardroom reshuffle after a change in shareholders.

South Shore seeks stay from bank

South Shore Holdings, the owner of Macau’s luxury The 13 Hotel, is seeking a standstill agreement from a lender, which has demanded full repayment of a loan facility and interest after the company failed to make a payment. 

Genting raises $453.9m in Dream Cruise stake sale

Genting Hong Kong said it has raised $453.9 million through the sale of a stake in its Dream Cruises unit to help fund the expansion of its cruise business.
The 13, Macau

Southshore sells 40% stake in The 13

Southshore Holdings says it has reached an accord to sell 40 percent of the company that owns Macau luxury hotel The 13 for HK$750 million ($95.6 million).
Crown casino

Crown stake sale to Melco faces probe after media allegations

New South Wales regulators have launched a probe into the sale of a stake in Crown Resorts to Melco Resorts & Entertainment following an investigative news report alleging illegal operations. 

Genting HK finalizes NCLH stake sale

Genting Hong Kong said it has finalized the sale of its shares in Norwegian Cruise Line Holdings and no longer has a stake in the company.

Rush Street’s Illinois casino partnership with Clairvest ends

The partnership between Rush Street Gaming and the Clairvest Group, which dates from 2011, has come to an end after a third company, Churchill Downs, bought the entire Clairvest stake in the Rivers Casino of Des Plaines, Illinois.

Genting seeks mandate for remaining NCLH sale

Genting Hong Kong said it plans to sell the remaining shares it owns in Norwegian Cruise Line Holdings and is seeking a shareholder mandate...

Udenna sells oil business stake to raise $80m for Mactan casino

Udenna Group has sold a 25 percent stake in listed oil company Phoenix Petroleum Philippines to raise P4 billion (US$80 million) to help finance...

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Macau Casino Dealer

Coronavirus live updates: Macau gaming workers to face more Covid-19 tests

The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
MPL raises US$90 million in new funding

MPL raises US$90 million in new funding

Mobile Premier League (MPL) has raised $90 million in new financing and plans expansion outside India.
Crown ceasing junket ops pending review

Trip.com says Macau-related travel searches have soared

China’s largest online travel group, Trip.com, has noted a 500 percent gain in searches for tourism products in Macau since China resumed issuing individual travel visas on Sept. 23rd, Macau Business reports. 
India carries out IPL-linked gambling raids

India carries out IPL-linked gambling raids

India’s Premier League has resumed play and alongside the game, there has been an increase in illegal gambling.
asia gaming briefings OCT 20

Asia Gaming Briefings – Oct 2020 Edition

Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
asia gaming briefings Sep 20

Asia Gaming Briefings – Sep 2020 Edition

IN FOCUS: SPORTS BETTING Ball games bounce back. Major sporting events are slowly ramping up around the world and with them the drama and surprises, not all of them good for sports betting operators.
Asia Gaming Briefings AUG 2020

Asia Gaming Briefings – Aug 2020 Edition

IN FOCUS: AUSTRALIA Reopening pubs, online rethink and reflections on gambling behaviour The country tackled the first wave of the epidemic with relative success, however,...