Saturday, June 25, 2022


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MGM property sales to assist in Japan IR efforts


U.S. casino operator MGM Resorts International says that the $2.5 billion sale of MGM Grand Hotel will be used to secure capital, in order to pursue

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Frontier Capital says has funds to restart Casablanca casino


Australia-listed Frontier Capital Group said it has the funds to satisfy the Philippine Amusement and Gaming Corp. requirements to restart operations

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Udenna plans to raise P18.5 billion to fund casino projects


Philippine H2O Ventures Corp, a subsidiary of Udenna Corp, says it is planning to raise P18.5 billion in capital in order to fund its upcoming casino

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MGM Resorts doubles senior notes offering amount


MGM Resorts today announced an upsized public offering of $1 billion in senior notes, the proceeds of which will be used to raise funds for general co

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MGM to sell Grand Victoria Casino for $327.5m


MGM Resorts International and its joint venture partner agreed to sell its Grand Victoria Casino in Elgin, Illinois, to Eldorado Resorts for $327.5 mi

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Caesars funds responsible gaming initiatives


At the end of February as President and CEO Mark Frissora toured Japan, Caesars Entertainment announced that they would immediately be donating 25 mil

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Dragon Corp’s $500 million ICO has links to gang boss


It has been revealed that Macau company Dragon Corp., which recently announced a $500 million initial coin offering (ICO), has the backing of former g

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IPI posts HK$1.3 billion impairment of trade receivables


Imperial Pacific International says impairment of the group’s trade receivables in the six months ended June 30, 2017 amounted to HK$2.1 billion. Of

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SVH solves final piece of funding gap puzzle


Silver Heritage Group has received government approval to raise the equity ceiling of its FDI-approved investing company, which it says will now give

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Government chases P6.9 billion from PCSO


The Department of Finance (DOF) in the Philippines says it plans to collect P6.9 billion in unpaid dividends from the Philippine Charity Sweepstakes O

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Imperial Pacific to issue bond for Saipan casino


Imperial Pacific is set to offer a high-yield bond to investors in order to fund the construction of the Imperial Pacific Resort and Hotel on Saipan.

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Australian Sports Commission pushes for its own lottery


The Australian Sports Commission will be seeking approval for a UK-style sport lottery in order to raise funds for the 2020 Tokyo Olympics, local medi

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DJI Holdings raises another $15.1 million


China focused lottery and payment processing firm DJI Holdings has raised GBP 11.5 million (US$15.1 million) in its third placing in three months to f

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Legislator calls for transparency into Macau Foundation


A Macau legislator has called for the review of a policy which grants 1.6 percent of the city’s annual gaming revenue to the Macau Foundation, local

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Silver Heritage seeks $20.5 million via IPO


Hong Kong-based casino manager and owner Silver Heritage is seeking to raise A$27.5 million (US$20.5 million) via an initial public offering (IPO), re

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PhilWeb to raise $128.6m to fund expansion plan


Philippines-based PhilWeb Corporation is raising at least P6 billion (US$128.6 million) from the sale of treasury and subsidiary-held shares to financ

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AMLC charges three top officers of Philrem Service Corp.


The Anti-Money Laundering Council last week filed a complaint against three top officers of Philrem Service Corp. for their involvement in the $81 mil

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Favourit launches $6 million public offer on ASX


Australia-based online gambling company Favourit Global has launched a public offer through a reverse takeover of ASX listed Celsius Coal, to raise AU

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Travellers allocates $236 million for Resorts World Manila expansion


Travellers International Hotel Group Inc announced on the stock exchange that it has so far put aside about PHP10.86 billion ($236 million) of the pro

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