For those who have been waiting for the Jeju Shinhwa World resort casino to be opened, the wait just got longer as the date has been pushed back yet again. The casino’s management cited a delay in the transfer of a casino license from a different casino as the cause of the setback. Initially, the opening date was scheduled for December 8 and it was going to be operated by Hong Kong’s Landing International Development. The first round of the delays pushed the launch date to January 18th this year but this did not also come to pass with the… Read More
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Atlantic City Anticipates Big Win in 2018
Atlantic City is set to see its renaissance in 2018 according to gambling operators. The threats that have plagued the financially stranded city’s entire existence are slowly fading and soon it will regain its once great reputation as an outstanding gaming hub. First, Atlantic City’s reemergence will see the last traces of President Trump’s former casino empire finally get blown to the wind when the former Trump Taj Mahal is reopened as the Hard Rock Hotel and Casino Atlantic City. The Taj Mahal was purchased last year by Hard Rock International from renowned billionaire investor Carl Icahn for $50 million… Read More
Crown Resorts to Sell Off CrownBet Stake for $117 Million
Crown Resorts has recently entered into an agreement with an undisclosed entity that is said to be associated with Crownbet’s shareholders, including CEO Matthew Tripp, where they will sell off its 62 percent stake in CrownBet for $117 million. Nothing else has been officially been unveiled about the prospective buyer. The transaction is expected to be complete by February 2018 even though the deal which includes the loans advanced by Crown Resorts to CrownBet will still be subject to the buyer organizing financing that the seller will find satisfactory. Crown Resorts officially announced its intent to sell is CrownBet stake… Read More
2017’s Top Gaming Industry Salaries Led by Las Vegas Sands CEO, Sheldon Adelson
2017 was an outstanding year for casino operators from all corners of the globe but the true measure of success in the casino industry has always been the annual revenues of the casinos. Considering how shaky the year has been for stakeholders in the industry, it is quite commendable that they managed to overcome a number of obstacles and antagonists to bring in some hefty compensations both collectively and individually. Adelson’s Records Standard 400 Percent Pay Rise Las Vegas Sands CEO and chairman, Sheldon Adelson whose net worth is approximately $32.6 billion had his annual salary bumped up from $1… Read More