Archive for the ‘TopSlots’ Category

Macau Casino Stocks Plunge with VIPJunket Ops in Beijing’s Anti-Corruption Crosshairs

vendredi, février 28th, 2020

Macau Casino Stocks Plunge with VIPJunket Ops in Beijing’s Anti-Corruption Crosshairs

Investors folded on Macau casino shares after Suncity Group, the location’s VIP junket company that is biggest, reportedly warned its employees to take additional caution when moving money to your Chinese https://lightninglinkslots.com/ enclave where gaming is permitted.

Billionaire Steve Wynn was one of several casino magnates whom destroyed money on Monday, as Macau casino stocks dipped on continued uncertainty about the continuing future of VIP junket operators. (Image: Vincent Yu/Associated Press)

Wynn Macau, traded on the Hong Kong Stock Exchange, lost nearly five per cent of its share price on the news. Galaxy Entertainment was down more than three percent, and MGM China, Sands China, and SJM Holdings all saw their valuations dip by at least two per cent.

According to Barron’s, a newspaper that is financial investors are fleeing on concerns that China’s anti-corruption campaign is quickly to target VIP junket operations, for years a vital element of drawing high-stakes players to various Chinese casinos. President Xi Jinping has been trying to stop the flow of money from the mainland to Macau, a former Portuguese territory that is today a tax haven where casinos routinely focus on the Asian elite.

‘Investors are concerned that the Suncity warning could preclude another crackdown on the industry,’ Barron’s columnist Daniel Shane composed.

Suncity Group warned workers recently to just take extra precautions when going (suite…)

Casino News: Group Purchases Resorts World Catskills, Jerry Jones Gets Endorsement

jeudi, janvier 9th, 2020

Casino News: Group Purchases Resorts World Catskills, Jerry Jones Gets Endorsement

This week’s casino news follows up on a tale from last week where in actuality the Resorts World Catskills ended up being nearing bankruptcy. Fast forward to this week and so they’ve found an answer to their financial woes.

Genting Group Purchases Upstate New York Casino

Last week, it was stated that the Resorts World Catskills was on the brink of bankruptcy. This week, they will have found a buyer to help them escape of monetary trouble.

The Genting Group has purchased the Resorts World Catskills from Empire Resorts. The announcement comes less than two days after the casino’s parent company considered filing for Chapter 11 bankruptcy. Empire Resorts announced the purchase along with of the staying shares of its $1.2 billion Las Vegas-style casino in Monticello set to transfer over to the Genting Group in the deal.

The Genting Group ended up being already the investor that is largest in this specific casino, owning 86-percent of the shares before they completed their most recent deal. According to reports, the Genting Group bought the remaining shares at about 15-percent significantly more than their market that is current value. Following its latest purchase, Genting Group now has a total of 40 gambling enterprises in its portfolio. The expectation is the fact that the sale will be finished at some point ahead of the end of the twelve months.

Las Vegas Sands Corp Facing $12 Billion Lawsuit (suite…)