Saturday, September 19, 2020

Tag: investment

Yellow Brick Road Casino to expand leisure offering for 2020

Yellow Brick Road Casino Expansion 2020
The Oneida Indian Nation has announced plans to expand its Yellow Brick Road Casino in Chittenango, NY, bringing a sixlane Brunswick Bowling Centre..

Norfolk authorities approve $700m Pamunkey Casino

Pamunkey Indian tribe Casino approval
Pamunkey Indian Tribe’s application to construct a $700m integrated resort in Norfolk, Virginia, has been approved by the City Council, following a vote..

Palace Resorts ups investment in Punta Cana project

Palace Resorts Punta Cana investment
In a further indication of the Dominican Republic’s ongoing gaming and hospitality investment boom, Palace Resorts has decided to add an additional..

Clark executive order may help Dennis Uy’s IR plans

Philippines Clark City IR plans
President Duterte’s recent executive order may help support Dennis Uy’s plans to build an IR in Clark City, while a specialist in the country’s gaming law..

Suncity Group investment looks set to give Tigre de Cristal a boost

Suncity Group investment Russain far east
Both analysts and Summit Ascent Holdings executives anticipate that the increased participation of Macau junket brand Suncity Group will help further expand..

Editor’s comment – Et tu, Ruffin?

Ceasars Entertainment
As Julius Caesar exclaimed in the British classic comedy Carry on Cleo, “Infamy, infamy, they’ve all got it in for me”, it would seem to be the case for..

Genting Casino Luton unveils £750,000 refurbishment

genting casino luton
Genting Casino Luton has unveiled its £750,000 refurbishment. The upgrade has seen improvements made to the venues gaming room and poker room, and bar facilities. The Genting Casino Luton underwent the refurbishment in order to improve its live gaming offering and enhance customer experience. As part of the renovation, the wall that previously separated the two gaming rooms has been...

Cambodia marks Chinese investment with licence boom

Cambodia, politics
The Cambodian government has reported 52 casino licenses were granted during 2018, a 53 percent increase from the 98 venues holding licenses at the beginning of the year. The Ministry of Economy and Finance stated the office expects to generate tax revenue for 2018 of $56m from existing casinos, with regulatory amendments first proposed in 2014 designed to increase the...

£250,000 INVESTMENT AND EXPANSION AT OPERA HOUSE CASINO

INVESTMENT, EXPANSION, OPERA HOUSE CASINO, Scarborough
Opera House Casino has today announced the expansion of its offer at the iconic venue in the heart of Scarborough with the activation of the ‘2005 Small Casino Licence’, the only casino to operate under this licence in the north of England. The new expanded Licence is the culmination of a £250,000 investment, which has seen the venue feature an...

Hong Kong’s Alphaslot announces multimillion USD investment led by China’s Sora Ventures

Hong Kong, Alphaslot, Multimillion, USD, Investment
Alphaslot, the blockchain gaming ecosystem creator, today announced that it raised a multimillion USD investment round led by Sora Ventures from China with participation from Hong Kong’s Credito Capital and Shinobi Capital, Singapore’s Spartan…

Regulator suspends Alter City Group’s casino licence

Alter City Group’s Tinian
The future of Alter City Group’s billion dollar investment project in Tinian could be in doubt after the company had its casino licence suspended for failing to pay the renewal fee. According to Tinian Casino Gaming Control Commission executive director William Cing, under the terms of its licence agreement, Alter City is required to pay a fee of $500,000 for...

Canadian pharmaceutical company to invest in European casino resort

Canada, Easton Pharmaceuticals, investment, europe, development
Canadian firm Easton Pharmaceuticals has officially submitted a Letter of Intent to become part of a project to develop a hotel and casino resort in Europe. At present, the property’s future location and other specifics remain a mystery, although further details are expected to be revealed in the coming months once negotiations have been finalised. The operator's project will reportedly feature...

Workers fight to reopen Casino de Campione d’Italia

Casino Smash Smash Festival
Media reports suggest that a group of Swiss investors is looking at the possibility of acquiring Casino de Campione d’Italia, with an eye to transforming the property into a medical clinic and residential complex. The news comes after a tribunal ruled that the property - 100 percent owned by the municipality of Campione d’Italia - was bankrupt, rejecting a plan...

DRGT makes a Grand Investment in Africa

DRGT Africa_(L-R)_Charl Geyser and Hassen Adams
DR Gaming Technology and Grand Parade Investments have established DRGT Africa following the purchase of distributor Simplicit-e Gaming Solutions. DR Gaming Technology and JSE-listed investment holding company Grand Parade Investments, have acquired Africa-based distributor Simplicit-e Gaming Solutions, repositioning the firm as DRGT Africa. “We have enjoyed significant success over the last five years in Europe and Africa, as well as in...

MGM Completes on Rocksino to diversify investment portfolio

ICR WEBSITE MGM
MGM Growth Properties has completed the $1.06bn acquisition of Hard Rock Rocksino Northfield Park from Milstein Entertainment. The real estate investment trust, formed by MGM in 2016 and controlled with a 70 percent stake, announced purchase of the 200,000 sq ft casino  earlier this year. “We are excited about the addition of the market leading Hard Rock Rocksino to our portfolio,”...

South Africa tackles debt amid new optimism

Johannesburg, South Africa
Much in line with the economic roadmap of the country itself, South Africa’s two largest gaming operators - Tsogo Sun and Sun International - are seeking to tackle rising debt levels in order to best position themselves ahead of future prosperity. The largest hotel and casino operator in South Africa Tsogo Sun saw a period of concentrated growth in the...

Scientific Games confirms proposed private offering of secured notes

ICR - Scientific report growth Boyd offering private
The company has announced a proposed private offering of an additional $500 million of 5.000% Senior Secured Notes, €325 million of Senior Secured Notes and €250 million of Senior Unsecured Notes   Scientific Games International, Inc. intends, subject to market and other conditions, to offer an additional $500.0 million of its 5.000% senior secured notes due 2025 €325.0 million of senior...

Billion Group readies $480m in property projects

vuyo_resized billion
Property company the Billion Group has unveiled $480m worth of property projects for implementation throughout 2018, including the opening of its first casino premises.   The group is committed to creating all-in-one entertainment destinations in previously underserved locations in South Africa, focusing on its pre existing Forest Hill location south of Pretoria and expanding into the eastern Cape and north west...

Thua Thien Hue province seeks approval for casino resort

Thua Thien Hue vietnam
Provincial authorities in Thua Thien Hue have petitioned the central government to increase the investment capital threshold for the Lang Co Laguna beach resort to $2bn and to allow the project to include a casino.   The $2bn figure is necessary to qualify for a casino resort to be considered eligible, under the terms of a government decree issued in January,...

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