Menixcasino

Okada Manila Raises $600M to Complete Philippines Integrated Casino Resort

Okada Manila parent company Universal Entertainment has raised $600 million through the issuance of privately placed debt notes in order to complete the integrated casino resort in the Philippines’ capital city. Okada Manila is putting the $600 million finishing touches on the multibillion-dollar casino resort. (Image: Alecs Ongcal/Rappler) Opened in…

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Million Dollar Casino Fraud: Loto-Quebec Scammed Out of Massive Sum, Kept Quiet for Months

Loto Quebec is investigating a scam which saw it defrauded out of $1 million dollars, information that the province’s government-run gaming outlet kept under wraps for months. Montreal’s Casino du Lac-Leamy was reportedly taken for a million dollars by scammers this summer. (Image: Loto-Quebec) The report from Le Journal de…

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Gionee CEO Admits to $140M Gambling Loss, But Says He Didn’t Cause Company’s Financial Woes

The founder and CEO of Chinese smartphone company Gionee has admitted to massive gambling losses, and even says that he may have used company money to fund his casino play, but denies that his bets are the reason why his company is now on the brink of bankruptcy. Gionee founder…

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Canadian Parliamentarian Raj Grewal Resigns, PM Justin Trudeau Cites Millions Gambling as Reason

Canadian Member of Parliament (MP) Raj Grewal has stepped down from his high-ranking post, alluding to life-impacting issues without personally acknowledging a gambling problem that’s thrown him into significant debt. Canadian MP Raj Grewal has resigned after he reportedly spent millions at a local casino. (Image: Bramptonist.com) Grewal — a…

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Vancouver’s Parq Casino Has Lost $108 Million in 2018, Owners Blame New Anti-Crime Regulations

It’s rare for a casino in a large and well established gaming market to be bleeding so much money, but that appears to be what’s happening at the brand new Parq Casino in Vancouver. Vancouver’s Parq Casino is has lost millions in its first year of operation. (Image : Marriott…

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Palms Renovation Cost Increases Again, Red Rock Spending $690M on Off-Strip Property

The Palms Las Vegas renovation budget seems to have no cap, as Red Rock Resorts announced during the company’s third quarter call that the price tag to overhaul the off-Strip property is once again increasing. More money is being dumped into the Palms by Red Rock Resorts. (Image: KM Cannon/Las…

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NFL Week 9 Bloody Sunday for Sportsbooks, Bettors Win $7M to $10M

Week 9 of the NFL season was a bad day for oddsmakers but a good one for bettors, as numerous casinos and operators reporting massive losses due to several popular teams covering their spreads. The Kansas City Chiefs dominated the Cleveland Browns, and in doing so delivered a touchdown to…

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Philippine Casinos Would Benefit From Better Airport Infrastructure

Casinos in the Philippines would benefit with more resilient VIP high roller play if the country invested in improving its airport facilities, a research note opines this week. Frequent delays and cancellations, along with airports already serving more passengers than originally intended, are hindering foreign high rollers from wanting to…

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