Harrah’s New Orleans Casino to resume operations coming Saturday, June 13th

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.

Casino regulators approve Ronald Baumann’s appointment as regional chief of Bally’s Atlantic City and two other venues

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.

Mass market gamers won’t like Macau’s post-COVID19 changes: Morgan Stanley

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.

Chinese government’s travel directive may render Australia’s Barangaroo project ‘White Elephant’

The Chinese government’s newly announced directive that urges its citizens not to travel to Australia threatens to render the under construction $2.2 billion casino complex project on Sydney harbor a “White Elephant”, industry experts warned.

LINQ Hotel & Casino’s gambling floor and certain other amenities to reopen on June 12th

Gambling floor and certain other amenities at The LINQ Hotel & Casino will once again be available to the public starting coming Friday, June 12th, American gambling and entertainment giant Caesars Entertainment Corporation confirmed.

Luxor Hotel & Casino and Shoppes to reopen on June 25th, Aria to follow suit on July 1st

MGM Resorts International’s Luxor Hotel & Casino and The Shoppes at Mandalay Bay Place will be reopened to the members of the public later this month, the entertainment giant announced after experiencing strong opening weekend in Las Vegas.

Indiana regulators to discuss Eldorado Resorts-Caesars Entertainment deal in July

Eldorado Resorts’ $17.3 billion proposed acquisition of Caesars Entertainment will be discussed by Indiana gaming regulators in July, putting an end to repeated delays forced by the COVID-19 pandemic in dealing with the massive transaction.

Private Equity Majors Closely Watching Companies in Distress

Private Equity majors are closely watching companies in distress, economic activity going bad, higher demand for money to fund expansion and they are ready to hunt for bargains. As per a report published by the Telegraph, nearly 70 percent of private equity firms said that they are evaluating deals to buy companies (or acquire majority stake) in distress. While economists are arguing over V-shaped or U-shaped recovery for the economy, private equity firms have set their eyes on the best bargain they can get for their money.