Wednesday, August 10, 2022

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Crown Resorts to split off international assets


Australian casino operator Crown Resorts Ltd has announced it is considering setting up a new listed company to host some of its domestic assets to se

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Sun International


The Sun International Group has a diverse portfolio of assets including world class five star hotels, modern and well located casinos, and some of the

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GVC Holdings turns down approaches for assets


GVC Holdings has rebuffed a number of offers from parties interested in acquiring its Entertainment assets, UK newspaper the Daily Telegrap

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Duterte orders seizure of Lam assets


Philippine President Rodrigo Duterte has ordered the seizure of all of casino mogul Jack Lam’s assets in the Philippines for allegedly not paying ta

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EGT widens loss in 17Q1, sells more PH assets


Entertainment Gaming Asia, a gaming company focused on markets in Pan-Asia, posted a widened net loss of $2 million for the first quarter of 2017, a 8

Aristrocrat Leisure buys Paltronics assets, expanding in U.S.


Aristocrat Leisure said it bought all the assets of Paltronics Inc., a supplier of complimentary gaming products and systems based in Crystal Lake, I

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Government to privatize casino assets


The Philippines government said it plans to privatize more assets over the next three years, including casinos run by Philippine Amusement and Gaming

Sinophil to pay $286 million for Belle assets


Sinophil will pay 12.3 billion pesos, or $286 million, for Belle Corp’s gaming industry assets, according to stock exchange filings. Belle, which

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EGT sells off Cambodian assets


Gaming supplier Entertainment Gaming Asia (EGT) has sold its remaining gaming assets in Cambodia in an effort to streamline its business operations, l

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Crown’s asset separation may face delays


James Packer’s plan to separate some of Crown Resorts’ domestic assets from its international assets may take longer than the initial nine-month t

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Udenna to shift hotel/casino assets to listed unit


Privately owned Udenna Corp is planning to shift its hotel and casino assets into a listed unit as it pushes further into the tourism sector in the Philippines.  

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Nepal to seize personal assets of tax defaulting operators


The Nepalese government has proposed new legislation that would give it the power to confiscate the personal property of casino operators who fail to

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Crown to focus on domestic assets, VIP coming around


Casino operator Crown Resorts says it will continue to invest significantly in its Australian properties to remain competitive with new integrated res

Pagcor begins study on casino sale


The Philippine Amusement and Gaming Corporation has begun a study into the possible sale of more than 40 “productive assets” to end conflicts of i

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LVS mulls sale of Singapore retail assets


Las Vegas Sands Corp. chairman and CEO says he’s considering selling Marina Bay Sands’ retail assets after a government-imposed moratorium expires

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ED seizes $17 million in property from Santiago Martin


The Enforcement Directorate on Monday seized assets worth more than Rs.119 crore (US$17 million) belonging to lottery king Santiago Martin, local medi

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Philippines to consider Bitcoin as security


The Philippines is considering legalizing Bitcoin and other digital assets as securities to be regulated under existing security laws. According to cr

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ED attaches properties of Santiago Martin’s associate


The Enforcement Directorate (ED) has attached the assets of N. Jayamurugan, an associate of Santiago Martin, in connection to a Sikkim lottery scam, l

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William Hill denies it's considering selling Australian arm


British bookmaker William Hill has denied it is considering the sale of its Australian assets after plummeting profits sparked speculation about the f

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India’s ED attaches $18 million in assets over lottery scam case


Over Rs. 122 crores (US$18 million) has been identified by India’s Enforcement Directorate (ED) in connection to the Karnataka Lottery scam case, lo

Arbitration panel tells Lao government not to seize resort assets


An international arbitration panel has told the Lao government not to seize assets or take any further action that could exacerbate a dispute with Ne

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South Shore 2018 loss balloons


South Shore Holdings, the owner of the ultra high-end The 13 hotel in Macau, said its loss for the year to end March increased by about three times due to a gain in impairment losses on hotel assets, hotel operating expenses and depreciation charges.

Genting sells China power assets


Malaysian gaming conglomerate Genting said it has sold a 51 percent stake in Fujian Pacific Electric Co to Chinese government-owned SDIC Power Holdin

Nagacorp says $3.5b Naga 3 expansion counts as an acquisition


Nagacorp said that after discussions with the Hong Kong Stock Exchange it is clarifying that its $3.5 billion expansion plan for Naga 3 counts as an acquisition of assets under listing rules.

Berjaya Assets eyes entertainment resort in Johor Baru


Berjaya Assets Bhd is planning to build an entertainment resort, with a chain of high-end restaurants and possibly slot machines, on its land in Joho

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