Friday, September 24, 2021

Tag: Development

Casino resort development unveiled on Costa Rica’s Caribbean coast

ICR 188 LATAM COSTARICA2
Following the recent announcement of the Casino City Caribe resort, Casino Review spoke to the project’s architect Patti Rao about his plans for the development. Eight years in the planning and approval stage, Patti Rao Projects’ Casino City Caribe integrated resort aims to emulate “the successful business model of resorts like Club Med”. “This is the only major non-infrastructure project approved...

Gaming Laboratories International receives accreditation by the Republic of Cyprus to test gaming devices

Cyprus flag
Gaming Laboratories International (GLI) has announced that it is the first to be awarded accreditation to test and certify gaming devices in the Republic of Cyprus. The decision further expands GLI’s presence across Europe as “the region’s premier testing and certification laboratory”. The firm said it is extremely pleased by the decision of the National Gaming and Casino Supervision Commission to...

Port Elizabeth casino set to benefit from new developments

Port Elizabeth
The Boardwalk Casino and Entertainment World in Port Elizabeth, South Africa, is set to benefit from the construction of a mixed-use entertainment facility adjacent to its beachfront property. Initial plans for the R1.3bn (circa $109m) were brought forward in 2016 but abandoned the same year after Boardwalk Casino owners, Emfuleni Resorts failed to acquire an extended gambling license from the...

Casinos Austria cancels sales plans for international division

Casino Austria
Casinos Austria has announced that it has cancelled plans to sell its international division, Casinos Austria International (CAI), given its improved performance. “We have made the decision not to sell CAI. We have analysed the situation and decided that we should keep CAI but unlike in the past ...the foreign casinos are now divided into three groups,” stated the company’s...

Aquis given one month deadline for revised Canberra Casino proposal

Aquis Canberra
The government of the Australian Capital Territory has given Aquis Entertainment Group a four week deadline to submit its final revised blueprint for the AU$330m ($251m) redevelopment of Canberra Casino. According to local media reports, Aquis has until 14 May to deliver its revised proposal after the company’s original 2015 bid - which sought permission to operate 500 slot machines...

Vietnam’s PM approves Laguna Lăng Cô casino development

Asia Vietnam resort
The new casino’s success will depend on the development of sufficient ancillary accommodation and whether residents will indeed be allowed to gamble at the venue explains Andrew M. Klebanow, Senior Partner at Global Market Advisors. Gaming expansion continues in Vietnam, as the authorities have recently signed-off on a new casino project at the Laguna Lăng Cô resort in Thua Thien...

Goa casinos could be shipped out to airport entertainment zone

Goa beach
Licensed casinos in the Indian state of Goa could be pushed to relocate to a specially designated ‘entertainment zone’, under draft proposals set out by public works minister Ramkrishna Dhavalikar. Aminister in the Indian state of Goa has detailed new plans for the region’s licensed casinos to be based in a demarcated gambling zone near the airport, prompting concerns that...

Future looking bright for Golden Entertainment

Golden
With the company seeing a 75 percent rise in consolidated net revenues for Q4 2017, Golden Entertainment’s executives were optimistic for the future as they unveiled a $140m redevelopment plan for the Stratosphere. Golden Entertainment's deal to acquire American Casino & Entertainment Properties (ACEP) moved the firm further into the casino space, with the company's set to up the stakes...

Michigan casino expansion kicks off

ICR - Michigan expansion
Reports have indicated that a $33.5m expansion to the Marquette Ojibwa II casino in Michigan will commence in late July 2017.   Construction on the $33.5m expansion of the Marquette Ojibwa II casino in Michigan’s upper peninsula is to start in late July, with the casino portion set to open within 18 months, according to reports. It’s certainly important to us to...

Pala Casino plans $170 million developments

ICR - Pala Casino $170 million
A $170 Million expansion and renovation project is on the cards for the Pala Casino Spa & Resort which will create 400 construction jobs in Southern California.   The Pala Casino Spa & Resort has confirmed its plans for a $170 million expansion and complete renovation of its property to be completed in May 2019. The project will increase Pala's casino from...

The Big Kahuna: Third phase of Ho Tram Strip project announced

ICR - Kahuna Vietnam Ho Tram
The third phase of the Kahuna Ho Tram Strip project is scheduled to start development during the fourth quarter of 2017, the Ho Tram Project Company (HTP) has announced.   The Kahuna Ho Tram Strip is a 244-key development located adjacent to the northside of The Grand and will feature a combination of 164 one and two bedroom condominiums, in addition...

Melco becomes leading stakeholder in Cyprus casino project

ICR - Melco Cyprus hard Rock
Casino operator Hard Rock International has sold off its stake in its Cyprus integrated resort joint venture - with Melco International Development becoming the majority stakeholder in the project.   On 26 June, the Republic of Cyprus government officially signed its contract with a consortium consisting of Hard Rock, Melco and Cyprus Phasouri (Zakaki) Limited to build Europe’s first integrated resort...

Macau’s luxury hotel ‘The 13’ suffers costly delays

ICR - The 13 delays
13 Holding’s plans for an ambitious high-rise hotel and casino in Macau are facing a series of financing and construction difficulties, making its aim to open this year less likely.   Seven years in the making, the lavish $1.3bn resort – The 13 – includes just 200 “all-villa” rooms; the most expensive of which to be charged at $130,000 per night. Stephen...

Cordish seeks to sweeten the deal for casino plans

ICR - Cordish Madrid
Following a setback after their original bid to build a casino and leisure resort outside the Spanish capital was rejected, The Cordish Companies have added sports and cultural extras to their proposal. But a political tug-of-war could yet put a damper on the development.   After the regional government of Madrid rejected The Cordish Companies’ plan for a casino and leisure...

Genting approved for Miami hotel but casino still in legal limbo

ICR - Genting Miami development
Malaysian casino giant Genting has successfully struck a deal with county commissioners at Miami-Dade to build a hotel on a small plot of land near the site of its long-proposed Resorts World Miami Downtown casino resort project.   The firm has obtained a 90- year lease on an adjacent oneacre plot of public land, which will house a 300 room hotel...

CBRE eyes Las Vegas strip for 35 acre site

ICr - Wynn Casino Las Vegas 35 acre CBRE resorts
The world’s largest commercial real estate services and investment firm, CBRE, has listed a 35 acre plot of prime real estate in Las Vegas for Crown Resorts Ltd.   Situated directly across from Wynn Las Vegas and Encore at Wynn Las Vegas Resorts, just north of Fashion Show mall, the 35-acre property, with approximately 1,300 feet of strip frontage, traded for...

Rainbow Casino’s Cardiff £3m redevelopment creates 30 new jobs in city centre

Casino Review Rainbow Casino
A £3m redevelopment of Rainbow Casino in Cardiff’s city centre is set to create 30 new jobs. The project is on schedule and the new-look venue will host a star studded re-launch event in October 2016.   Situated in Mary Ann Street opposite the Motorpoint Arena, the casino will unveil a brand new, entrance and a second entrance on Tredegar Street....

Parisian Macao: fifth Sands Corp Macau casino open for business

Casino Review Parisian
The fifth Macau casino from Sands Corp is now welcoming customers – with casino mogul Sheldon Adelson hinting that more themed resorts may well be on the horizon.   Yesterday marked the official opening of the Parisian Macao – the new $2.7bn (E2.4bn) integrated resort from the Las Vegas Sands Corporation. The property boasts a half-size replica of the Eiffel Tower, a...

First step clear for Grand Ho Tram airport

Casino Review Ho Tram
In a bid to streamline its flow of visitors, an attempt by the Ho Tram Project Company to build an airport nearby has been given the green-light from local government.   According to a report in online Vietnamese news outlet VietNamNet Bridge, local authorities in Ba Ria-Vung Tau province have given the go-ahead to plans by the Ho Tram Project Company...

New Jersey politician calls on state’s residents to support North Jersey casinos

Casino Review Referendum
With November’s referendum on two new casinos in North Jersey on the horizon, Assemblyman Ralph Caputo has criticised out-of-state “corporate and labor interests” for lobbying against the development.   On 8 November the US state of New Jersey will hold a referendum on allowing two new casinos outside Atlantic City and both opponents and proponents of the proposals for two new...

Saigon Cuu Long calls in Hilton for new Ho Chi Minh venture

Saigon Cuu Long Hilton Minh
The Vietnamese developers behind a new gaming destination in Ho Chi Minh City have secured the partnership of Hilton Worldwide, which will head up hotel operations at the upcoming property.   The Saigon Cuu Long Corporation declared that it had signed a deal with Hilton Worldwide last month, which will see the famous hotel chain apply its branding to the entire...

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