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Tag Archives: Featured

Thailand – Bernstein links Sands’ latest Asian ambitions with Thailand

Brokerage firm Sanford C. Bernstein believes that Las Vegas Sands’ new Asian project is probably focused on Thailand. Sands Chairman and CEO Rob Goldstein detailed this week that the operator was in talks with a ‘major country’ in Asia where it wants to build a casino resort similar in size to Marina Bay Sands in…

Russia – NagaCorp suspends development of its Vladivostok casino project

Cambodia-based casino group NagaCorp has announced the ‘indefinite suspension’ of its huge casino project in the Entertainment Zone of the Primorye Region near the port of Vladivostok in Russia’s Far East. The resort was being built in three phases, with the first phase which saw an investment of up to US$200m breaking ground five years…

China – Macau’s six casino operators given six month extension

Lei Wai Nong, Macau’s Secretary for Economy and Finance, has confirmed that Macau’s six casino licence holders will see their concessions extended to December 31 2022, to allow more meetings to take place. Speaking to the media, Mr. Lei said: “We have notified the gaming operators to prepare for the extension application. We still have…

US – Scientific changes name to Light & Wonder

Scientific Games has decided to change its name to Light & Wonder, a game company singularly focused on creating great games and leveraging technology to enable a seamless player experience across all platforms. Light & Wonder takes a deliberate cross-platform approach to bring great game franchises to players anywhere, at any time including games in…

US – Caesars sees 35 casinos set records for Q4 EBITDA margin

Caesars Entertainment has reported revenues of revenues of $9.6bn in 2021, up from $3.6bn in 2020, with 31 of the company’s 52 properties setting a record for the highest fourth quarter EBITDA, while 35 set a record for the highest Q4 EBITDA margin. In Las Vegas, demand trends remained strong throughout the quarter, leading to an all-time fourth…

US – Gaming revenue of US$53bn shatters industry record in the States

2021 set a new record as the highest-grossing year ever for the US commercial casino industry, reaching $53bn in revenue, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. The total breaks 2019’s previous industry record of $43.65bn by more than 21 per cent.  The industry closed the year on a high note,…

Australia – Crown says yes to improved Blackstone offer

Australian casino giant Crown Resorts has said yes to an improved takeover offer from US private equity firm Blackstone, who upped its offer to A$8.9bn ($6.3bn)10 per cent higher than its previous offer. Crown Resorts confirms it has entered into a ‘scheme implementation deed’ with a company on behalf of funds managed and advised by Blackstone Inc. and…

US – Elys Game Technology to open second small business sportsbook in DC

Elys Game Technology, Corp., an interactive gaming and sports betting technology company, today announced the agreement to operate a sportsbook with The Cloakroom located at 476 K St. NW, Washington DC, 20001. The Company’s wholly owned subsidiary USBookmaking will provide sport wagering services to manage the sportsbook risk and provide trading services. The partnership with…

US – MGM generates best ever Q4 results as Las Vegas Strip bounces back

The improved performance of its casinos on the Las Vegas Strip helped MGM to its best ever fourth quarter results, generating net revenues of $1.8bn on the Strip, an increase of 277 per cent compared to the prior year quarter, and an increase of 26 per cent compared to the fourth quarter of 2019. The operator’s…