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 [...]
Since Steve Case took over Exclusive Resorts, membership rolls have grown so fast that the club is having a hard time closing on enough property to accommodate all those new vacationers. Destination clubs as a rule try to maintain a ratio of six to eight members for each vacation house they own. By the time [...]
DCP was instrumental in creating the first resort EQUITY RESIDENCE CLUBSM project at Deer Valley Resort in Park City, Utah. DCP has since participated in the design, development and marketing of residence clubs at other internationally acclaimed sites and is selectively pursuing new club developments at other prestigious national and international [...]
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 [...]
Berjaya Land Bhd (BLand) has signed an agreement with Libya’s Economic and Social Development Fund (ESDF) and the OYIA Company for Development and Tourism Investment (OYIA) to develop an integrated golf resort-residential- commercial development in Libya.
The proposed project would be developed in phases over 852.5 acres in Tripoli, with infrastructure costs borne by the Libyan [...]
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 [...]
