Saturday, August 13, 2022


Melco finalizes Cyprus accord, boosts stake


Melco International Development has sealed its joint venture agreement with CPZ to develop a resort on Cyprus and said it will increase its holding in

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Investors tussle for pre-IPO share of Nazara Capital


Westbridge Capital has sold part of its stake in soon-to-be-listed Nazara Games for $51 million, marking the largest private investment in the gaming

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Scientific Games boosts stake in NYX


Scientific Games has increased its stake in NYX Gaming Group to 36 percent with the purchase of a further 27.4 million ordinary shares in the company.

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Razon sells partial stake in Bloomberry


Bloomberry Resorts chair and controlling shareholder Enrique Razon has sold a portion of his stake in Philippines gaming operator Bloomberry Resorts C

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Melco gets nod to increase stake in Cyprus project


Melco International Development has received approval from the Cyprus government to increase its interest in its Cyprus integrated resort project. In

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Suncity Group set to acquire 34 pct stake in Hoi An project


Goal Summit Ltd, a subsidiary of Suncity Group Holdings, is set to acquire a 34 percent stake in an integrated resort project in Hoi An South for an a

Genting sells Star stake for $181.9 million


Malaysian casino operator Genting Group has sold its stake in Australia’s The Star Entertainment Group for A$235.2 million (US$181.9 million), local

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Sega Sammy seeks majority stake in Japan IR: Reuters


Slot machine manufacturer Sega Sammy Holdings Inc has expressed interest in a joint venture for a casino resort in Japan, but says it would be looking

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VC firm pockets $40 million on Ace2Three sale


Venture firm Matrix Partners India has made more than 20 times returns by selling its stake in Head InfoTech India, the operator of online rummy websi

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Lam sells majority stake in Jimei International


Junket veteran Jack Lam has sold his controlling stake in junket investor Jimei International Entertainment Group Ltd. According to the company’s fi

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Melco snaps up majority stake in MCE


Melco International Development Ltd. has acquired an additional US$1.1 billion worth of shares in Melco Crown Entertainment (MCE) in an effort to open

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Tabcorp edges closer to merger with 10 percent Tatts stake


Tabcorp has confirmed it has grabbed a 10 percent stake in Tatts Group in a strategic move to shore up the $11 billion merger between the two. Accordi

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MGM Resorts closes acquisition of additional stake in MGM China


MGM Resorts International on Thursday announced that it has closed on its previously announced acquisition of 188,100,000 ordinary shares of its subsi

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Brokers pitch Star Entertainment stake to Genting


At least one investment Bank is understood to have pitched Malaysia’s Genting Group on a potential block trade of its stake in Star Entertainment Gr

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Packer relinquishes majority stake in Crown Resorts


Billionaire James Packer has trimmed his stake in Crown Resorts to less than half, in the latest step of the casino mogul’s Macau interest sell down

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Genting increases stake in Landing Jeju Development Co.


Genting Singapore has announced it has increased its stake in Landing Jeju Development Co. with an additional 15 million new ordinary shares. Through

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Imperial Pacific executive director increases stake


Imperial Pacific International Holdings Ltd. has announced its executive director Yuki Yu Xia has increased her shareholding in the company. According

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Melco stake sale eases Crown leverage concern, Fitch says


The sale of some of Crown Resorts’ stake in its Melco Crown Entertainment venture will help the Australian operator deleverage and boost its ability

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Blackstone Group boosts ownership in Amaya Inc


U.S. private equity firm Blackstone Group LP has boosted its ownership stake in online gambling group Amaya Inc, local media reports. Through its cred

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