Casinos

PAGCor suffers first-half deficit of $32.5 million due to corona virus-related closures

PAGCor suffers first-half deficit of $32.5 million due to corona virus-related closures

Reeling under the brunt of corona virus-related lengthy closure of its gaming facilities, the Philippine Amusement & Gaming Corporation (PAGCor) has reported a net deficit of nearly $32.5 million for the first half of this year.

Cambodian casino operator NagaCorp all set to partially reopen flagship Phnom Penh gaming venue

Cambodian casino operator NagaCorp all set to partially reopen flagship Phnom Penh gaming venue

NagaCorp, the largest casino operator in Cambodia, has announced its plans to partially reopen its Phnom Penh-based flagship gaming venue NagaWorld this Wednesday (July 8th) following months-long corona virus pandemic-led shutdown.

Eldorado Resorts’ capital raising plans could be catalyst to finalize $17.3bn Caesars deal

Eldorado Resorts’ capital raising plans could be catalyst to finalize $17.3bn Caesars deal

NASDAQ-listed casino operator Eldorado Resorts’ recently announced plans to raise funds could be a catalyst to finalize its proposed $17.3 billion deal to takeover Caesars Entertainment Corporation, Wolfe Research analyst Jared Shojaian said.

SkyCity reports “encouraging” business since reopening of three casinos following COVID-19 shutdown

SkyCity reports “encouraging” business since reopening of three casinos following COVID-19 shutdown

New Zealand-based casino operator SkyCity Entertainment Group has announced that its three local entertainment properties have been enjoying “encouraging” business since their reopening following lengthy corona virus pandemic-induced shutdown.

The Star Sydney Hotel & Casino signs new 20-year tax agreement with EGM exclusivity

The Star Sydney Hotel & Casino signs new 20-year tax agreement with EGM exclusivity

Australian gambling and entertainment giant “The Star Entertainment Group Ltd” has confirmed that it has signed a 20-year arrangement that will enable The Star Sydney Hotel & Casino to pay a flat 29 percent tax on all revenues from its mass-market gaming tables for the next twenty years.

Macau Gambling King Stanley Ho passes away aged 98

Macau Gambling King Stanley Ho passes away aged 98

Stanley Ho, the godfather of Macau gambling who transformed the island from a remote place into the “Las Vegas of Asia,” passed away at age of 98.

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