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Hanhong bets on Kazakhstan with mammoth IR project

Beijing's Hanhong Private Equity Management is taking bets on Kazakhstan's central Asian location and fast-growing economy to lure tourists to a multi-billion dollar casino resort and eco-city project in Tengri, near Almaty. The 1st stage of the resort project will cover up to 1 million square metres, with a total investment of $7 billion. If all goes to plan, the resort will open in late 2017, with plans for a further five stages over ten years that will include the construction of a new eco-city designed for up to 400,000 people. 

MGM Resorts proposes $1 billion gambling complex in Atlanta

MGM Resorts has proposed to build a $1 billion gambling complex in Downtown Atlanta as a bill moves through the Georgia State Legislature, according...

MGM Resorts to sell 50 percent interest in Silver Legacy Casino Reno

Eldorado Resorts and MGM Resorts International announced that they have entered into an agreement for Eldorado to acquire MGM’s 50 percent interest in the...

Hikaru “Terry” Izawa appointed president of JCM Global

JCM Global CEO Yojiro Kamihigashi has appointed long-time JCM leader Hikaru “Terry” Izawa as President of JCM Global, pending any necessary regulatory approvals. Izawa...

TLCBET sponsors Premier League club West Brom

Asian facing betting brand TLCBET has secured its first football shirt sponsorship with Premier League side West Bromwich Albion – a record sponsorship deal...

Frissora becomes CEO of Caesars

Caesars Entertainment Corp announced that Mark Frissora has taken the role of president and CEO, effective July 1. Frissora, who also joined the board in...

Betsson to acquire Georgia-based Europe-Bet for $85 m

Swedish firm Betsson has struck a deal to acquire Georgia-based, privately owned gaming operator, Europe-Bet for a total purchase consideration of $85 million. Under the...

Ukrainian PM backs casinos

Ukrainian Prime Minister Arseniy Yatsenyuk said he is in favor of legalizing casinos in a bid to increase state revenues and fund cultural activities,...

MGM looks to delay opening Massachusetts casino by a Year

MGM wants to delay the opening of its planned resort casino in western Massachusetts by a year because of a major highway project taking...

Vegas May Revenues Up 1.4 percent

Las Vegas Strip gaming revenues in May rose 1.4 percent year-on-year, weighted down by baccarat which faced tough year-on-year comps and was down 36...

TRENDING ARTICLES

Sands China invests in green technology for its properties and fleets

Macau gaming operator Sands China is investing in a number of initiatives to reduce its impact on the environment, such as solar panels, recycling...

PAGCOR Q1 profit up 9.5 percent

Philippine Amusement and Gaming Corp (PAGCOR) saw its profit climb 9.5 percent to P1.6 billion (US$30 million) during the first quarter of 2019, mainly...

Kansai IR Expo reveals rapid growth of the gaming industry

The scale of the Kansai IR Industrial Expo held in Osaka on May 15 and 16 testified to the rapid rate of growth of the gaming industry in Japan as it was clearly much larger than its predecessor event held a year ago in the same city.

Parañaque court affirms Okada warrant of arrest

A Parañaque City trial court has affirmed the warrant of arrest issued earlier this year against Japanese gaming mogul Kazuo Okada, local media reports. Okada’s...

Summit Ascent announces board changes after Suncity hikes stake

Summit Ascent Holdings has announced board room changes after Suncity Group Holdings increased its stake in the operator of Tigre de Cristal earlier this month.