Thursday, October 19, 2017
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In Chile, global private equity firm Advent International Corporation has announced that it has signed an agreement to spend up to $170 million in order to acquire a “significant” stake in local casino and hotel operator Enjoy SA. Advent International...
In Russia, a lack of available rooms at weekends is reportedly harming business at Tigre De Cristal although the anticipated opening later in the year of nearby hotels without gambling may significantly help trade going forward. According to a report...
The closure of the Trump Taj Mahal appears to have benefitted Atlantic City‘s seven remaining casinos, as a recent upswing in tourism has been seen within the last six months.  Not only are the remaining casinos taking on the Taj’s...
Lawrence Ho’s Tigre de Cristal casino and hotel located near Vladivostok, Russia has seen VIP revenues increase 20% while mass gaming fell January through June compared to the same period a year ago. Summit Ascent Holdings Ltd reported revenue of...
Wild Crypto (SYMBOL: WILD) have developed a lottery and eGaming platform on the Ethereum blockchain and have announced a new coin, much like Bitcoin, they intend to use to fuel the technology’s completion and deployment. These coins will not...
The central bank of China has halted all Initial Coin Offering (ICO) campaigns, labeling them as illegal forms of fundraising, according to a Bloomberg report. The ban was announced on Monday via a joint statement from the People’s Bank of...
Lotte Tour Development Co., promoters of the upcoming Jeju Dream Tower Casino Resort on Jeju Island (pictured above) in South Korea, have raised 40 billion Wons (US $35.4 million) towards the project by issuing convertible bonds through a third...
Asian casino giant Genting Malaysia has blamed unfavorable foreign exchange transactions along with higher operating costs after its net profit for the three months to the end of June fell by 59.4% year-on-year to approximately $45.2 million. The operator behind...
The six casinos in Maryland saw their aggregated gross gaming revenues for August increase by 37.1% year-on-year to reach just over $37.1 million although the tally dropped by some 15.7% when figures from the recently-opened MGM National Harbor development...
Travellers International Hotel Group Inc. is seeking insurance compensation for financial losses suffered when the company’s Resorts World Manila casino shut down following a June arson attack that left 38 people dead. The company is seeking PHP721 million (~US$14.11 million)...

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