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Posts From Adrian Sterne

Adrian Sterne

Adrian Sterne

Nevada Gaming Commission Approves $850M Sale Of ACEP 0

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’ 0

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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Philippines to Initiate Privatization Of Pagcor Casinos in 2018

Carlos G. Dominguez III, the Philippine Finance Secretary has indicated that the government is likely to begin the disposal of 17 casinos being currently operated by the country’s gaming regulator. The sale of these casinos is expected to commence during

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Sheldon Adelson Makes A Trip To Japan To Get Casino Update

The chairman and founder of global casino operator Las Vegas Sands Corp (LVS) Sheldon Adelson made a short visit to Japan recently. The 84 year old billionaire made visits to Tokyo and Osaka last week in order to get update

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L.A Studio Owner Keen To Bring The Pan Am Experience To Vegas

A Hollywood movie studio owner is looking to bring the recreated experience of travelling on a Pan Am double-decker 747 to the Las Vegas Strip. Talaat Captan, chief executive officer of studio Air Hollywood stated that he is in discussion

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Genting Malaysia Revenue Forecasts Cut After Theme Park Delay

Analysts have slashed their revenue predictions for casino operator Genting Malaysia after it announced that there would be a delay in the opening of its much-anticipated theme park which is being developed at its flagship Resorts World Genting in Malaysia.

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