News

Ladbrokes Must Pay $100 Million in Taxes

Ladbrokes
March 27, 2018

Taxes, it doesn’t matter where you live are something you must pay. How much you end up paying is always based on the income you make and current tax laws. Ladbrokes was hoping to get a reprieve from paying $100 million in taxes, but it does not seem to be working. Before one can understand the denial from the UK court system, one must first know what the big deal is regarding Ladbrokes. In 2008 a tax loophole existed where corporations like Ladbrokes could take a tax write off. The write off had to do with loans the company had… Read More

Las Vegas Asks for Extra Grace Period with Loan Payments

Las Vegas Sands
March 24, 2018

Las Vegas Sands otherwise known as LVS is arguably the top-earning casino in the world, however, even the greatest of earners has come back and stated that paying debts can be a little tough. Sort of makes you feel a little better, doesn’t it? This Monday the corporation notified the Securities and Exchange Commission otherwise known as SEC that they had decided to lengthen the initially agreed upon time period with respect to the Marina Bay Sands casino in Singapore’s debt. The loan with the Marina Bay Sands has been extended for another three and a half years, it was… Read More

$500 Million Galaxy ENT’s Project Won’t Be Stopped

Galaxy-Entertainment
March 20, 2018

Where there is a will there is a way and Macau’s Galaxy Entertainment Group or GEG really is proving this. Nothing whatsoever will stop the corporation in their plans to erect their new casino resort in Boracay in the Philippines, not even a slight technical issue. What is the technical issue, well the island is getting closed down as a matter of fact. What Galaxy Entertainment Group Had to Say Galaxy Entertainment Group’s subsidiary Leisure and Resorts World Corp or LRWC will continue to build their newest resort and casino property on Boracay despite the imminent closure of the island…. Read More

Wynn Macau in Conflict with Court over Info Disclosure

Wynn Macau
March 17, 2018

It seems that Wynn Macau must be having the worst week of the year after a court declared that the disclosure of information regarding a former executive of Philippine Amusement and Gaming Corporation or PAGCOR was unlawful. The former executive on the other hand, is probably smiling from ear to ear, after the Special Administrative Region or SAR court handed down the verdict this Wednesday. The Court’s Decision The court declared that it was entirely unethical and in breach of the laws when Wynn Macau shared the personal information of former executive Rogelio Yusi Bangsil Jr. with a US legal… Read More