Hard Rock International said it has acquired the casino premise license from The Ritz Club in London, UK. This transaction will allow Hard Rock to seek out and establish a new casino premise in London, continuing Hard Rock’s expansion into major gateway cities around the world.
Genting Malaysia's U.K. unit has permanently closed its casino in Southport in Northwest England, with 38 staff facing redundancy. The group has already closed casinos in Margate, Torquay and Bristol and has reduced its workforce in London, Glasgow, Edinburgh, Blackpool and Birmingham.
Las Vegas Sands management transition has been well anticipated and well planned and the company's executives are well positioned to maintain the broad strategy that has been in place, analysts at Bernstein said.
Las Vegas Sands said its founder and CEO, Sheldon Adelson, has died at 87 following complications related to his treatment for non-Hodgkin's lymphoma.
Entain plc, formerly known as GVC Holdings PLC, said its CEO Shay Segev has given notice of his intention to leave the company to become Co-CEO of DAZN, a privately owned global sports streaming platform. Entain is the subject of an $11 billion bid from MGM Resorts.
MGM Resorts International's biggest shareholder, Barry Diller's IAC/InterActiveCorp, has vowed to help the company in its takeover attempt of Entain, willing to kick in an additional US$1 billion to get the deal done.
It’s been anything but a slow start to the New Year. While only in its embryonic stages, MGM Resorts International’s bid for the U.K.’s Entain has the potential to trigger a chain of events that could have wide reaching implications for gaming in Asia.