Continuing to struggle in the wake of the COVID-19 shutdown, Wynn Resorts’ Macau hotel and casino business is suffering a loss of nearly $2 million per day with revenue down 97.6 per cent in the first two months of the second quarter of the current fiscal year.
Illinois Gaming Board has released a series of guidelines for casinos to follow and implement before resuming operations, with special emphasis on deep cleaning and social distancing protocols.
Wal-Mart acquired controlling stake in Indian online retail leader Flipkart in 2018 and Tiger Global’s Mauritian arm sold its stake to Luxembourg based entity. However, Tiger Global managed to get exemption on taxes under India-Mauritius double tax avoidance treaty. Now, the Authority on Advanced Ruling in India has passed an order on the deal and Tiger Global could be in for tax trouble.
June 29th seems to be the earliest possible date for Massachusetts’s casinos, including Encore Boston Harbor, to resume operations as the state will soon enter the Phase 2 of reopening plan, with phase 3 scheduled to start late this month.
Hong Kong and Macau authorities are working on a “travel bubble” that would allow residents of the Chinese Special Administrative Regions (SARs) to travel freely between the two territories without the need for a fourteen-day quarantine on both ends.
Harrah’s New Orleans Casino, the only land-based commercial gambling and entertainment venue in Louisiana, has confirmed that it will reopen its doors to the public on coming Saturday, June 13th, following months-long COVID-19 pandemic caused shutdown.
Ronald Baumann, Caesars Entertainment Corporation’s top regional executive, has been granted an initial casino key employee license and approval for his appointment by the New Jersey Casino Control Commission to serve as regional president and chief executive of Caesars Atlantic City, Harrah’s Resort Atlantic City and Bally’s Atlantic City.
More than two dozen Native American tribes in California have filed a lawsuit against the Golden State, demanding more time to collect signatures to place a sports betting ballot referendum initiative before voters.
When Macau’s casinos will eventually get back to normal following COVID19-induced strict health protocols and travel bans, mass market gamers will probably not like the potential changes, Morgan Stanley market analysts underlined in their latest report.
Gaming compacts for two Oklahoma tribes, namely the Comanche Nation and the Otoe-Missouria Tribe, have finally been approved by the United States Department of the Interior (DOI).