A Canadian firm developing an ocean-front casino complex in Vietnam hopes to raise $1 billion in a Hong Kong IPO in the next two years, a local newspaper reported, despite signs of weakening Asian gambling revenue.
Asian Coast Development and investor Harbinger Capital began work on their $4.2 billion Ho Tram Strip project in May, hoping [...]
DERMOT DESMOND’S Dublin-based private members club, the Sporting Emporium, made a loss of about €1.7 million in 2007.
Accounts just filed for the company, which comprises a casino and Chronicle Bookmakers at premises close to Grafton Street, show that it had accumulated losses of just under €2.6 million at the end of October 2007.
This compared with [...]
Nearly half of the people banned from South Korea’s major casino are self-acknowledged gambling addicts who asked that they not be admitted to help them kick the habit, a report said Tuesday. Among the 2,385 gamblers who were prohibited from entering the Kangwon Land casino between January and the end of July this year, 1,059 [...]
New Jersey casino regulators said on Tuesday that negotiations were under way to sell Atlantic City’s Tropicana Casino and Resort to real estate developer Cordish Co for cash and securities totaling $700 million.
The New Jersey Casino Control Commission said in a statement that the trustees overseeing the property — retired state Supreme Court Justice Gary [...]
Billionaire chief executive Steve Wynn has agreed to a contract extension with Wynn Resorts Ltd. that keeps him at the casino company until October 2020.
The company disclosed the extension in a filing Monday with the Securities and Exchange Commission. The filing says Wynn and the company agreed to the extension on Thursday.
Wynn is 66 years [...]
Construction work is continuing on the new luxury resort, casino and spa at the centre of the CityCenter mega-development in Las Vegas, Nevada, US.Called ARIA, work on the 61-storey high resort and spa is expected to be completed in late 2009.
Designed by architecture firm Pelli Clarke, the property is intended to introduce a ‘new generation [...]
The much-rumored closing of the 8-month-old 40/40 Club at the Palazzo became official Wednesday.
The hotel-casino announced it was converting the 24,000-square-foot space into a large-scale race and sports book that will include a specialty restaurant.
The Palazzo, which is attached to The Venetian, does not have a sports book, just a small [...]
MACAU: Las Vegas Sands Corp. Chairman Sheldon Adelson insisted his company would thrive despite worsening economic conditions as he marked the one-year anniversary Thursday of his US$2.4 billion Venetian resort in this southern China gambling city.
Since opening, the mega-casino resort, the biggest in the world, has had 24 million visitors and helped launch what Adelson envisions [...]
WELLINGTON, Aug 25 (Reuters) - Sky City Entertainment Group Ltd (SKC.NZ: Quote, Profile, Research, Stock Buzz), New Zealand’s largest casino operator, reported a 49 percent fall in full year profit on Monday, but said it had had a satisfactory start to the current year.
The group, which has a near-monopoly in New Zealand, said [...]
Members working for casino giant Genting Stanley are being asked to take a pay deferral following talks between the GMB NNC (National Negotiating Committee) and Stanley-Genting senior management.
The company whose pay award is from May 1st each year are currently investing over £600 million in their Asian operations and potentially £90 [...]
