Pinnacle Entertainment, Inc has agreed to acquire the Meadows Racetrack and Casino operations for $138 million from Gaming and Leisure Properties, Inc (GLP). Once the deal has been successfully completed, Pinnacle will take over the casino operations of Meadows and lease the underlying property from GLP for $25 million as the annual rent. A Hyatt…
One of Macau’s well known establishments, the Macau Legend Development Ltd has announced that it has signed a letter of intent for the sale of the Landmark Macau, which is one its two major properties in Macau. According to the filing made with the Hong Kong Stock Exchange, the buyer is an existing shareholder of…
Representatives from Wynn Resorts have made a comprehensive presentation to the Massachusetts Gaming Commission detailing the measures taken by them to mitigate the impact of their proposed $2 billion Wynn Boston Harbor resort casino in the city of Everett. They presented steps that have been taken to clean-up the site of the proposed casino, to…
Neptune Group is one of the largest junket operators in Macau and along with smaller junkets have had to cope with the declining VIP segment in Macau’s casino industry. The company recently announced that it had become increasingly difficult to run a successful junket operation in Macau and it was essential for junket operators to…
More than 100 Chinese nationals were arrested from a casino owned by a senator in Poipet, Cambodia which is situated the Thailand-Cambodia border. They are suspected of being wanted for crimes in China. Sem Makara who is deputy immigration police chief for the Poipet International Checkpoint confirmed that Chinese and Cambodian police conducted a joint…
The Rhode Island General Assembly is scheduled to vote on a proposal that will allow the debate of building a new casino in the city of Tiverton to be put to the state’s voters in a referendum. The casino project is expected to bring in at least $3 million each year to Tiverton which is…
