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The 13 Macau Receives Hotel License, Will Open Without Casino

The 13 Macau has finally received a license to operate as a hotel. The long-delayed project being built south of the Cotai Strip was issued its permit from the Macau Government Tourism Office (MGTO) this week after a subsequent inspection...
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Atlantic City Casinos Grow Gaming Revenue 13 Percent, But Is It Enough to Support Nine Resorts Long-Term?

Atlantic City casinos posted gross gambling revenue (GGR) of $302 million last month, an almost 13 percent year-over-year premium. But looking ahead, gaming industry analysts say larger growth is needed in order to support the expanded market. Hard Rock had...
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Macau’s Dragon Coin Linked To Finnish Millionaire’s $24 Million Loss in Bitcoin Scam

A Finnish crypto-millionaire has been scammed out of $24 million-worth of bitcoin by a Thai gang promising investment in Dragon Coin, the casino cryptocurrency launched by Macau’s Dragon Corp. The Thai actor Jiratpisit “Boom” Jaravijit is led away in han...
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Resorts World Catskills Reports $37 Million Q2 Loss

Resorts World Catskills opened in Upstate New York in February of this year with a promise to revitalize the area. Its launch was even heralded as “the rebirth of the Catskills.” But figures suggest the casino is struggling to make...
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MGM Resorts Tacks on Mandatory 20 Percent Spa Service Charge, as Las Vegas Operators Continue Rubbing Guests Wrong Way

MGM Resorts is no longer leaving spa tipping decisions up to patrons. Guests who wish to receive spa services will soon be forced to pay a 20 percent service fee, regardless of how good that service actually was, which is...
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New York Lawmaker: MGM Resorts Should Withdraw October 1 Victims Lawsuit, Otherwise No Deal for Yonkers Casino

New York State Senator Shelley Mayer (D-Yonkers) says if MGM Resorts doesn’t withdraw its lawsuit filed against victims of the October 1 mass shooting in Las Vegas, the state should block the casino company’s purchase of Empire City in Yonkers....
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Caesars CEO Mark Frissora Buys Nearly $1M Worth of Company Shares

Caesars CEO Mark Frissora tried to calm investor fears last week after he revealed during the company’s second quarter conference call that Las Vegas was seeing softening demand. Mark Frissora is betting big on Caesars Entertainment, as the company’s CEO.....
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SJM Holdings Profit Surges 57 Percent, But Company Continues to Lose Macau Market Share

SJM Holdings, the casino empire of Hong Kong billionaire Stanley Ho, reported Tuesday that net profits for the company jumped nearly 57 percent over the first six months of 2018. SJM Holdings and its flagship Grand Lisboa casino in Macau...
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Ladbrokes Coral Owner GVC Strikes $200 Million US Sports Betting Deal with MGM Resorts

Ladbrokes Coral’s new owner, GVC, and MGM Resorts have announced a $200 million venture that will unite the UK’s biggest retail betting operator with one of the world’s biggest casino groups in a joint bid to dominate the newly liberalized US...
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Macau Billionaire Heiress Pansy Ho Purchases $115M Home, as MGM China Stakeholder Fortune Grows

Macau billionaire Pansy Ho has reportedly purchased a home in Hong Kong for HK $900 million (US$115 million). The property located at 28 Gough Hill Road spans 5,579 square feet, and is located in the city’s ultra-ritzy Peak district. Pansy...
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