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Kangwon Land’s license extended to 2045
The South Korean government is moving forward with a plan to extend state-backed casino resort Kangwon Land operating license for a further twenty years to 2045.
Hard Rock buys London casino license from Ritz
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.
Could Blackstone be a suitable partner for Crown?
Private-equity company Blackstone, which bought a 10 percent stake in Crown Resorts earlier this year, may prove to be a suitable buyer for the company that may need to change its ownership to retain its casino license, Reuters' Breakingviews argues.
Crown says honest mistakes shouldn’t stop casino license
Giving its side of the story in a trial into its suitability to run a casino in Sydney, counsel for Crown Resorts said its "honest" mistakes with regards to China didn't mean it was unsuitable to hold a casino license.
Genting Macau aspirations dim after hotel stake sale
Malaysian billionaire Lim Kok Thay's long-held ambition to own a casino in Macau may be fading again after Genting Hong Kong revealed its cash woes have forced the sale of part of a luxury hotel project there.
Crown ready to open in Sydney
Crown Resorts director Andrew Demetriou has claimed the company is ready to open and run its Sydney casino in defiance of the governance and probity questions raised at the NSW inquiry into the casino giant.
Japan IRs have a new schedule
After spending most of this year in denial or else paralyzed by the crisis of the Covid-19 pandemic, the Japanese central government has finally made a credible decision about its IR development plans, which is to push back the timeline by nine months.
Commonwealth Casino Commission claims control over license revocation
Commonwealth Casino Commission Chairman Edward Deleon Guerrero claims that his body is the only one authorized to suspend or revoke the gaming license of Imperial Pacific International.
Crown Resorts hit by second regulator on misconduct claims
A second Australian regulator said it has begun disciplinary proceedings against casino giant Crown Resorts Ltd CWN.AX after media reports accused it of failing to vet foreign gamblers, a second watchdog to take action over the claims.
IPI proposes paying half of license fee now, half later
Imperial Pacific International has reportedly offered to pay half of its $15 million annual license fee now, with the remainder deferred until February next year due to the impact of Covid-19 on its business.