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Covid-19 delays Rich Goldman’s Manila venture
Junket promoter Rich Goldman said the Covid-19 pandemic has delayed the closure of a joint venture agreement that would allow it to provide VIP customers to Bloomberry Resorts’ Solaire Resort & Casino in Manila.
MGM online unit raises $250m
Roar Digital, a U.S. sports betting and online gaming company, said its shareholders, MGM Resorts and GVC have committed to a second round of investment, bringing the total to $450 million.
Melco backs Studio City’s $500m placement
Melco Resorts & Entertainment said one of its units will take up all of its entitlement to shares in a $500 million private placement from Studio City International Holdings and will also buy up any remaining shares that are unsubscribed.
Success Universe expects to report 2019 profit gain
Success Universe, an investor in Macau’s Ponte 16, said it expects to report a gain of about 30-40 percent in 2019 profit, compared with the HK$54.2 million ($6.98 million) it reported the prior year.
Primorye zone to receive power plant investment
The Primorsky Krai Development Corporation has signed an agreement for a joint venture with a Russian subsidiary of China's state-owned energy company Sinomec as part of the Eastern Economic Forum in the Russian city of Vladivostok.
NSW and Victoria stage turf war in Australian racing
Australian racing is in the midst of one of the biggest changes in its long history as the nation's two biggest states – New South Wales and Victoria – wage what the media have dubbed a "turf war" and behind which lies two different approaches to the business of betting.
Star’s Queen’s Wharf Brisbane begins construction
Construction has begun in earnest on SkyCity Entertainment’s $3.6 billion Queen’s Wharf Brisbane Development, with heavy machine moved onsite over the past weekend.
Table Trac casino management system enters Japan
The Minnesota-based firm Table Trac, developer of a comprehensive casino management system utilized in more than 140 facilities in North and South America, has partnered with the Tokyo-based firm Broadband Security to make a bid for the coming Japanese IR market.
Melco agrees to buy $1.75b Crown stake
Melco Resorts & Entertainment said it agreed to buy an almost 20 percent stake in Crown Resorts for A$1.75 billion ($1.2 billion) just two years after the Australian company withdrew from a decade-long venture with the Macau-based operator.
Sands mulls joint IR bid with Osaka firms: Tanasijevich
Las Vegas Sands Managing Director for Global Development George Tanasijevich said the operator was in talks with several companies in the Osaka region about the possibility of making a “joint bid” for the Yumeshima IR.
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Donaco announces reopening of Star Vegas
Donaco International said its Star Vegas property in Cambodia reopened on Friday, though on a limited basis to test operational systems.
BBIN’s charity arm focuses on health and hygiene in India
BBIN’s charity arm, TGB Charity, has donated $60,000 to a project to promote understanding of health and sanitary knowledge in India.
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