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.
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 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.
Reliance Industries announced few months back about its plans to be debt-free by 2021. However, as per the current situation, the biggest listed company in Indian stocks markets, could reach that ambitious target before its planned date. Reliance group has been trusted by Indian investors for decades and it was popular among investors that no one has ever lost money in Dhirubhai Ambani’s companies (provided you invest medium or long term).
Sliema-headquartered online casino games developer Booming Games Limited has confirmed the signing of a deal that will soon make its complete portfolio of video slots feature at Hyperino.com, which is operated by Rhinoceros Operations Limited.
London-headquartered sports betting service and content provider IMG ARENA has confirmed that it has signed a new partnership deal with Spanish betting operator Golden Park to see its virtual products launch with the group’s online gaming brand GoldenPark.es.
In the United Kingdom, government officials are reportedly mulling plans to reclassify so-called loot boxes in gaming due to concern that these products are training and encouraging children to gamble.
Gaming content provider Pragmatic Play Limited’s newly released online slot game Ultra Burn brings a really fiery experience to players, complete with flames in the backdrop and fruits on the grid.
Hong Kong-listed casino operator Imperial Pacific International is facing suspension of its gaming license due to its failure or may be unwillingness to pay millions of dollars into a local community benefit fund.
Global financial services provider and credit ratings agency UBS has revised its estimate for Macau’s gross gaming revenue (GGR), projecting a bigger decline in revenue for the world’s biggest gaming destination this year due to COVID-19 lockdowns.