Monday, July 6, 2020

SEC probes Suntrust’s lack of tender offer during Suncity acquisition

The Securities and Exchange Commission (SEC) is investigating whether Suntrust Home Developers, co-developer of Westside City Resorts World, should have made a tender offer...

Empire Resorts shareholders approve acquisition from Genting

Shareholders of Empire Resorts have approved of its merger with Genting Malaysia, which will see Genting own 38.3 percent of the company. Earlier this month,...

Shareholders approve Eldorado’s acquisition of Caesars Entertainment

The blockbuster $17.3 billion deal by which Eldorado Resorts will take over Caesars Entertainment, thus creating the largest US IR operator, has cleared one of its main hurdles as the stockholders of both companies gave their consent on Friday.

Landing International shareholding under dispute

Landing International Development chairman Dr. Yang Zhihui said he will “take all necessary and appropriate actions to protect his interests” after it was revealed...

Suncity Philippines foray questioned by regulators

Suncity’s backdoor foray into the Philippines gaming industry has raised questions from industry stakeholders, particularly regulators, according to local media.  Last week, the Hong Kong-listed...

South Shore sells aggregate 50 percent interest in The 13

South Shore Holdings has announced that it has found three companies that have agreed to acquire an aggregate 50 percent interest in its luxury...

Trading of Suntrust shares halted as listing rules breached

Shares of Suntrust Home Developers Inc. are to remain suspended from trading by the Philippine Stock Exchange after it was found that its deal...

Suncity to enter Philippines integrated resort market

Hong Kong-listed Suncity Group Holdings has acquired a controlling stake in a Philippines company involved in developing and managing an upcoming five-star hotel and...

NagaCorp’s Dr. Chen to privatize Malaysian resort company

Karambunai Corp Bhd’s largest shareholder, Tan Sri Dr. Chen Lip Keong is planning to privatize the company in a deal worth an estimated RM184.7...

Suncity to acquire land plot in Okinawa

Suncity Group has announced the acquisition of a plot of land located in Miyako Island in Okinawa, Japan, with the aim of developing a...

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Covid-19 creates “unsustainable” eSports bubble

The current surge in eSports viewership and betting is unlikely to be sustainable once sporting events return to normal post the Covid-19 pandemic, according to leading industry figures participating in Asia Gaming Brief’s recent webinar.

Australia likely to keep borders closed until next year

Australian tourism minister Simon Birmingham on Wednesday said it was “likely the case” that the ban on overseas travel will be extended to 2021,...

Macau SLOT sees 30% profit drop in 2019

Macau SLOT reported a 30 percent drop in profit for 2019 to MOP154.8 million ($19.3 million), according to Macau Business.

Singapore GGR may take years to fully recover: Bernstein

Bernstein Research issued a note on Monday anticipating a slow recovery for Singapore’s casinos once they reopen on July 1, with GGR unlikely to...