Thursday, June 24, 2021

Pansy Ho appointed vice-chairman of Phoenix Media

MGM China co-chairperson and Shun Tak executive chairwoman Pansy Ho has been appointed as the vice-chairman of Hong Kong-based Phoenix Media Investment Ltd. 
responsible gaming, KYC, fix

Responsible gaming is broken and KYC is the fix

Responsible gaming is finally taking center stage in our industry. However, after reading an article about the Responsible Gaming Violations at Crown in Australia, it is clear that there is a serious disconnect between policy and patrons.
Don Carducci

Interview with Don Carducci: Bidders for Crown, will we see a winner?[video]

Asia Gaming Brief Asia Editor Felix Ng sits down with JP Morgan Equity Research Analyst Don Carducci about some of the recent bids for Crown Resorts’ shares, as well as a surprise merger proposal from rival casino operator The Star Entertainment Group. 
Crown logo

Opportunistic Crown bidders will stumble: JP Morgan

Opportunistic bidders hoping to capitalize on fears that Crown won’t be granted a NSW license may have to reassess what they’ve put on the table, following an ILGA announcement that Crown would be on track to open its Sydney casino operations by October.
Hong Kong, Crown resorts

HK real estate firm could throw hat in ring for Crown

Sources are pointing at another potential suitor for Crown Resorts’ shares, Hong Kong-listed CC Land Holdings. 
Crown-Sydney-Property

Blackstone ups bid for Crown

Private equity firm Blackstone has revised its proposal to buy out all of the shares in Crown, with a $12.35 cash per share bid, representing a $0.50 increase from its initial offer made in March this year. 
Caesars Ent completes acquisition of William Hill

Caesars Ent completes acquisition of William Hill

U.S. casino operator Caesars Entertainment has announced the completion of its acquisition of William Hill for approximately $4 billion. 
Crown-Resorts

Oaktree offers $3b funding for Crown to buy Packer stake

Crown Resorts said a group of funds advised by Oaktree Capital Management has offered to help the company by buying back up to $3 billion worth of shares held by James Packer’s Consolidated Press Holdings.

Blackstone buys Japanese hotels, including near Osaka Yumeshima

Blackstone, now bidding for ownership of Crown Resorts, has announced a binding agreement to buy eight hotels in Japan from Kintetsu Group Holdings, including one very close to Yumeshima in Osaka, expected to become host to its own major IR.

Star not expected to enter Crown bidding war

Star Entertainment has reportedly decided to stay clear of any effort to join a bidding war to gain control of troubled Crown Resorts.

TRENDING ARTICLES

Intralot

Intralot posts revenue and EBITDA growth in 21Q1

International gaming solutions provider Intralot reported a 9.3 percent increase in group revenue in the first quarter of 2021, led by growth in its North American operations. 
resorts world las vegas

Resorts World Las Vegas opens Thurs, fake reviews removed

Resorts World Las Vegas, which will become the first from the ground up resort to open in Las Vegas in more than a decade on Thursday, found itself the subject of 144 fake Google reviews. 
The 13 Hotel

South Shore unit that owns The 13 applies for liquidation

South Shore Holdings said the Macau unit that owns indebted luxury hotel, The 13, has applied for voluntary liquidation. 

AAEC’s initial Macau bid went beyond tender scope, court hears

The initial bid for a Macau casino license submitted by Las Vegas Sands' former partner contained a proposal for a bank and went beyond what was desired in the tender, a witness told a court on Wednesday.