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Genting Signs Agreement To Add 10 Luxury Cruise Ships To Its Fleet
Genting Hong Kong announced that it had signed an agreement this week with its German partner Lloyd Werft Group for building 10 cruise ships. Two mega ships are slated for its brand Star Cruises while the remaining eight are for
Read MoreLas Vegas Sands Settles With NGCB For Gaming Laws Violation
Las Vegas Sands Corp recently agreed to pay $2 million to the Nevada Gaming Control Board (NGCB) to settle charges levied against it for violating accounting and anti-money laundering norms. The company has had to pay out more than one
Read MoreTrump Taj Mahal Casino To Reopen Poker Room
The Trump Taj Mahal casino in Atlantic City has announced that it is re-opening its poker room this week after being shut for over a year. The room will be open for its customers on May 13 at 11 a.m.
Read MoreTwo Arizona Tribes Resign From Tribal Gaming Association
Two tribes in Arizona have decided to resign and give up their membership in being a part of the Arizona Indian Gaming Association (AIGA). The tribes have had a dispute with the AIGA regarding a new casino being built by
Read MoreCaesars Appoints Retired US Bankruptcy Judge For Restructuring
Caesars Entertainment Corp recently announced that it has appointed a retired bankruptcy judge to restructure the company even as the company issued a warning that it might be forced into Chapter 11 bankruptcy protection. The company is facing lawsuits worth
Read MoreAtlantic City Makes Deadline Bond Payment Of $1.8 Million
Atlantic City averted the embarrassment of becoming the first New Jersey municipality to default on its debt in 78 years by managing to make its bond payment of $1.8 million a few hours before it’s May repayment deadline was about
Read MoreCloverdale tribe Receives Approval For Creating A Reservation
A Cloverdale tribe called the Cloverdale Rancheria of Pomo Indians has received federal approval for its request to create a reservation on 62 acres of land in Sonoma County in California. The tribe has indicated that it has plans to
Read MoreMaharashtra Government To Make Decision On Legalizing Casinos
The government of Maharashtra is expected to decide on the legalization of casino industry in the state in the next few days. The Maharashtra Tourism Development Corporation (MTDC), the state’s tourism body has been backing the proposal strongly saying that
Read MoreTsogo Sun’s Employee Shareholder Scheme Approves Stake Sale
South African casino operator Tsogo Sun has cleared a major hurdle in its plans to acquire a 20 percent stake in two Western Cape casinos owned by its rival Sun International. Tsogo Sun currently operates three casinos in the Western
Read MoreMacau Casino Operators Have The Highest Risk From Junkets
The Daiwa Securities Group, an analyst firm has named two Macau casino operators in Melco Crown Entertainment and Wynn Macau as the two main casinos with the highest risk exposure as a result of their relatively high dependence on debt-ridden
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