Saturday, December 5, 2020

Tag: Developments

Sun edges towards setting in Nigeria

ICR 189 AFRICA NIGERIA
Sun International is moving ever closer to pulling its operations from Nigeria as an investigation into a regional shareholder dispute appears to be coming to an end. The dispute over operations in Nigeria has roots in 2006 when Sun purchased a 49 percent stake in the Tourist Company of Nigeria (TCN), an acquisition that has since been disputed by fellow...

SJM looks for two year licence extension

ICR 189 ASIA SJM
The CEO of SJM Holdings, Ambrose So Shu Fai, has stated that the company plans to seek a two-year extension of its Macau gaming concession, while the firm is aiming for an H2 2019 opening for its new Cotai property, Grand Lisboa Palace. Ambrose So Shu Fai, CEO of Sociedade de Jogos de Macau (SJM) Holdings, has confirmed that the...

Morpheus opening helps Melco stay ahead of the curve

ICR 188 WORLD MORPHEUS2
With the opening of Morpheus, Melco’s newest hotel on Cotai, scheduled for mid-June, the firm’s chairman and CEO, Lawrence Ho has underlined the company’s focus on the premium mass market. There is a Confucian maxim which states, “harmonious while different”, that could be said to characterise the business philosophy of Melco Resorts and Entertainment chairman and CEO, Lawrence Ho Yau-lung. Ho...

Caesars announces deal to operate two properties in Dubai

Dubai
Caesars Entertainment Corporation has announced that it has entered into a non-binding letter of intent with Meraas Holding to manage two luxury properties at the Bluewaters Island development in Dubai. Later this year the Las Vegas-based entertainment operator is expected to take operational control of Caesars Palace Bluewater Dubai and Caesars Bluewaters Dubai, with both being the company’s first foray...

Casinos resorts rising on Cambodia’s borders

ICR - Cambodia
A Vietnamese firm is making good progress on its multi-million dollar casino resort project in Cambodia. Pressed close up to the border of Vietnam, the casino has high hopes of luring Vietnamese gamblers. The casino story, however, is not so positive on the country’s other border with Thailand.   Plans for Empire World City, Cambodia’s upcoming casino resort, currently being constructed...

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