Tag Archives: Featured
Casino project could save Malaysia’s failing US$100bn Forest City ‘ghost town’
A second casino licence has once again been touted for Malaysia with Prime Minister Anwar Ibrahim evaluating whether a casino could revive the fortunes of the failing US$100bn Forest City residential development in Johor, close to the border with Singapore. Bloomberg has reported that the PM has discussed the potential opportunity with Genting Group’s Lim…
Petersburg chooses $1.4bn Cordish Companies bid to go before referendum in November
Petersburg City Council has again selected Cordish Companies as the operational force behind its casino, should locals vote in the proposal at a referendum on November 5. Cordish, who was previously selected by Petersburg in 2022 only for the referendum to fail, beat off competition from four other developers to earn the preferred status, namely…
Svenska Spel’s net profits fall following casino closures in first quarter
Following the closures of Casino Cosmopol in Malmö and Gothenburg in order to reduce losses, Swedish operator Svenska Spel said its first quarter was marked by a period of adjustment as it looks to lay the foundation for continued successful operations. Gaming revenue was down one per cent with the underlying business remained stable with…
NSW puts faith in Crown as it finds operator suitable to retain its Sydney licence
The NSW Independent Casino Commission has found Crown Sydney suitable to retain its casino licence after nearly three years of intensive remediation. Chief Commissioner, Philip Crawford, said Crown has come a long way and must now demonstrate its long-term commitment to maintaining suitability. The NICC is confident the Crown we deemed suitable today has a…
Holland Casino enjoys eight per cent increase and a million more guest visits but warns future proofing is key
Despite more than a million more vistors and with turnover up €63.9m to €817.7m in 2023, Holland Casino has warned that future-proofing the company remains the focus. Profit after tax amounted to €23.6m, up from €17m in 2022. Holland Casino Online’s revenue amounted to €116m, down from €145.5m in 2022.; The revenue from Holland Casino’s…
Personal best in Singapore helps lift Sands China by 42 per cent year-on-year
Record results in Singapore helped Las Vegas Sands generate revenue of $2.96bn in the first quarter of 2024, up 42 per cent from the $2.12bn in the prior year quarter. Operating income was $717m, compared to $378m in the prior year quarter. Net income in the first quarter of 2024 was $583m, compared to $145 million in the first quarter of 2023. “We…
Eight out nine Atlantic City casinos enjoy growth in March as online continues to boom
Online gambling rocketed to new heights in March in New Jersey increasing by 20 per cent to $197.2m, prompting an overall gambling high of $526.6m for the Garden State. There was good news forand despite in-person betting in casinos too with every casino aprt from market-leader Borgata, posting a positive trajectory compared to last year….
Cordish Companies unveils full details of latest bid to build in Petersburg
Bruce Smith Enterprise and The Cordish Companies have now released full details of its proposal for the City of Petersburg, Virginia with plans to codevelop a $1.4bn Live! Gaming & Entertainment District, anchored by Live! Casino & Hotel Virginia. Upon completion, the world-class Live! Casino & Hotel Virginia resort destination will feature more than 400,000 square feet of first-class gaming, hotel and dining…
Star’s second inquiry off to a disastrous start with evidence of ‘going to war’ with regulator and spying on special manager
The first day of the new 15-week inquiry, demanded by the NSW Independent Casino Commission (NICC), following claims that Star hadn’t acted efficiently enough to prove its suitability as a casino operator, could not have got off to a worse start for the casino group with inflammatory texts brought to court along with accusations of…
