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Archive

Nevada Gaming Commission Approves $850M Sale Of ACEP

Golden Entertainment entered into a definitive agreement in June 2017 to purchase American Casino & Entertainment Properties (ACEP) for an estimated $850 million from parent company Whitehall Street Real Estate Partners which is a real estate equity fund that is

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Macau Casino Operators Asked To Prepare ‘Mock Attacks’

Macau’s six major casino operators met with the Judiciary Police and the gaming regulator to discuss security measures in detail in light of the Mandalay Bay mass shooting in Las Vegas. Macau, the biggest gambling hub in the world has

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New Survey Shows Chinese VIP Gamblers Are Spending Heavily

Brokerage firm Sanford C. Bernstein has published a new report which gives insight into the spending habits of gamblers from Mainland China at Macau’s casinos. Five analysts from Bernstein took a survey on Macau’s premium mass gamblers and published their

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Singapore Casino Operator Fines Decrease 60 pct in 2016

Singapore’s gambling regulator has levied 60.5% lesser fines on gaming operators of the city-state’s two gambling resorts during the fiscal year 2016 when compared to the previous year. Simultaneously, the Casino Regulatory Authority’s (CRA) income from licensing fees has increased

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Wynn Resorts Bring In Metal Detectors After Las Vegas Shooting

The worst shooting in U.S history which took place on October 1 from the Mandalay Bay Resorts was expected to change security measures adopted by Las Vegas casinos and entertainment venues. That has already happened with Wynn Resorts, one of

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MGM Cotai Opening Postponed From Late 2017 To Early 2018

MGM China Holdings, the Asian arm of MGM Resorts International recently announced that its $3.4 billion MGM Cotai casino will not open in the fourth quarter of 2017 due to the number of delays that has stopped the flow of

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