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Murren: MGM “Focusing Our Energies” on Osaka IR Bid

James Murren, chairman and CEO of MGM Resorts International, told investors on an earnings call this week that his company is “focusing our energies” on its Osaka IR bid, and that he feels optimistic about MGM’s chances for success, in spite of the highly competitive environment.

Mohegan Chairman Unexpectedly Steps Down

Kevin Brown, chairman of the Mohegan Tribal Council, has stepped down from his position citing undisclosed personal reasons, effective immediately.

Mohegan Reports Decline in Revenue in October-December 2018 Period

US casino operator Mohegan Gaming & Entertainment last Thursday reported a year-on-year decrease in net revenue and adjusted EBITDA for the October-December 2018, according to the company’s latest results filing.

Wynn and Genting Settle Copyright Infringement Lawsuit

Wynn Resorts has agreed to drop their lawsuit against Genting’s Resorts World Las Vegas after reaching a settlement on Monday.

Wynn Resorts Agrees on Settlement with Nevada Regulators

US casino operator Wynn Resorts will be paying a settlement with the Nevada Gaming Control Board after an investigation found that former executives failed to investigate and act on allegations of sexual misconduct against founder Steve Wynn.

Las Vegas Sands 2018Q4 Misses Expectations

Las Vegas Sands reported weaker-than-expected results for the fourth quarter of 2018, causing its stock to tumble. Net revenue in 201818Q4 rose 2.5 percent, reaching US$3.48 billion, which fell short of Wall Street estimates.

Wynn, MGM Make World’s Most Admired Companies List

US casino operators Wynn Resorts and MGM Resorts have each been recognized as among of the “World’s Most Admired Companies” by Fortune magazine’s annual survey.

Genting, Wynn Court Date Set for January 29

The court battle between Genting Las Vegas and Wynn Resorts over claims of copycat building design has been moved to January 29, local media reports.

Adelson’s Hand Seen Behind Online Gambling Ban

The US Justice Department’s unusual reversal of policy which may effectively ban online gambling follows millions of dollars in lobbying by Las Vegas Sands Chairman Sheldon Adelson.

Online Gambling Now Illegal Across the United States

The US Justice Department has issued a new legal opinion that could further restrict all forms of online gambling, local media reports.

Trending Articles

Elaine Wynn Attempts to Stop Re-Election of Legacy Directors

In her latest attempt to ‘freshen up’ the Wynn Resorts board, co-founder and majority shareholder Elaine Wynn is seeking support from shareholders to stop the re-election of one of its long-standing directors, John J. Hagenbuch.

Kangwon Land Profit Falls 30 Percent in 2018Q1

Kangwon Land, South Korea’s only casino that allows Korean nationals to enter, reported a 30.3 percent decrease in profit for the first quarter of 2018.

Dynam Sees Rising Profits in FY2017

Pachinko hall operator Dynam reported a 13.3 percent increase in its profits before tax as compared to the previous year.

Maruhan Suffers 7.6% Revenue Decline in FY2017

Maruhan, operator of the second-largest number of pachinko halls and number one in terms of sales, suffered a 7.6% decline in overall revenues in FY2017, extending a decline that has continued for several years.

IR Bill Expected to Pass House of Representatives on June 14

According to Japanese media reports, the ruling party intends to pass the IR Implementation Bill thorough the Cabinet Committee on June 13 and through a plenary session of the House of Representatives on the following day, June 14.