With Alvin Chau’s official resignation from Hong Kong-listed Suncity Group, Macau’s VIP junket business has almost reached on the verge of its end as a junket operator. Just days after being taken into custody in Macau on allegations of conducting illegal cross-border gaming operations throughout China, Chau announced he would resign as chairman as well as executive director of Suncity Group. He officially resigned on December 1, 2021.
Ohio Senate Majority Leader Kirk Schuring, one of the leading lawmakers behind the push to grant legal status to sports betting in the Buckeye State, is quite optimistic about its chances. Schuring, a Republican from Canton, said in a recent interview that that a conference committee could meet sooner than later to start work on a final bill on sports betting that would allow the state’s residents to start placing wagers on their favorite sports event and team as early as next spring.
Sands China Limited, one of the largest casino operators in Chinese gambling hub of Macau, suffered a net loss of $423 million in the three months to the end of September (Q3) as business conditioned remained harsh due to turmoil caused by recurrence of Covid-19 health crisis.
SportsMap Tech Acquisition Corporation, a NASDAQ-listed special purpose acquisition company (SPAC), has announced that it has raised $115 million in its recently closed initial public offering (IPO). Owned by SportsMap Radio, the blank-check company announced the funds fetched by the IPO as it is making preparations to find a suitable merger partner/s. Most of the industry experts are of the view that the blank-check company could pursue a media deal sooner than later.
The Seminoles, a federally-recognized tribe known for its monopoly in casino gaming in Florida, is pumping millions of dollars into a campaign to prevent out-of-state operators from entering the state’s gaming arena. The all-powerful Florida tribal gaming operator is financially aiding a new political committee called “Standing Up for Florida,” which has just launched a TV/digital media campaign with an ad titled “Watch Out, Florida.” The ad’s tagline is “Don’t Sign Petitions.”
Paris-based international airport operator Groupe ADP is conducting a trial of autonomous electric vehicles (EV) to transport luggage in the Charles de Gaulle Airport – the largest international airport in France.
MGM Northfield Park, a racino (racetrack plus casino) in Northfield area of Ohio, has announced that it will pay more than $15 million to Nordonia Hills City School District over a period of six years to settle a property tax dispute.
Laws in Ohio, a state in the Midwestern region of the U.S., allow public schools and other taxing authorities to contest values of assessed properties that have already been were determined by local officials. Nordonia Hills City School District used its powers to do the same.
MGM Resorts International and Boyd Gaming have announced significant donations to help Las Vegas Airport change its name to honor former US Senator Majority Leader Harry Reid (D), but more funds are still required. On September 1, William Boyd, cofounder of Boyd Gaming and co-executive chairman of the casino giant’s board, made a contribution of $1 million.
A few days later, the Murren Family Foundation made a donation of $50,000. Jim Murren, a member of the foundation, formerly served as chief executive officer (CEO) of MGM Resorts.
With a purpose to lure more gaming and entertainment enthusiasts to Southern Nevada, the Las Vegas Convention & Visitors Authority (LVCVA) is advertising gaming hub’s growing sports market and various kinds of related entertainment offerings.
The year of 2021 saw a number of mergers and acquisitions in the gaming industry, and it is expected to continue with iGaming likely to be an epicenter of consolidation. Over the past few years, sports betting grabbed plenty of attention, and this segment of the gaming attracted a lot of takeover activity.