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Tag Archives: Casino du Liban

Lebanon – Lebanese government could offload its 52 per cent share in Casino du Liban

The Lebanese government could be about to sell its stake in Casino du Liban to boost government coffers following the coronavirus downturn. The casino was forced to shut in mid-March following the coronavirus pandemic with the closure costing around $35m and $40m in revenue. It reopened on June 1. Just over 52 per cent of…

Lebanon – Shareholders file legal complaint against Casino du Liban

Two shareholders at Casino du Liban in Lebanon have filed a complaint against the casino’s CEO, Hamid Kreidi claiming the property has been mismanaged. Lawyer Wadih Akl filed the suit with the court of Jounieh on behalf of his client Naji Salem, a former employee of Casino du Liban. The suit stated: “The financial mismanagement…