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Mogul Packer buys Las Vegas casino site

This photo taken on July 2, 2014 shows constuction work going on at Australian mogul James Packer's new Aus$1.5 billion ($1.4 billion) Sydney casino in a prime location on Sydney Harbour. Billionaire Packer, who runs Crown, a worldwide gambling empire has been given the green light late on July 8, 2014 by the state gaming regulator taking it one step closer to winning final approval to be awarded a 99-year gaming licence and could start operating from November 15, 2019. AFP PHOTO/Peter PARKS

Australian mogul James Packer’s Crown Resorts has paid Aus$280 million (US$260 million) for a prime site on Las Vegas Boulevard in a bid to crack the American casino market, the company said Monday.

Posted: August 4th, 2014 in Latest Business Stories | Read More »

Resorts World continues expansion of gaming unit

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Leisure and Resorts World Corp. (LRWC) in the fourth quarter will unveil a new and integrated brand for its retail gaming outlets for bingo, as well as other e-games, following its recent acquisition of Total Gamezone Extreme Inc. (TGXI).

Posted: July 28th, 2014 in Headlines | Read More »

Melco Crown raises P5.48 billion from top-up equity deal

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SCREENGRAB from www.melco-crown-philippines.com

Casino operator Melco Crown (Philippines) Resorts Corp. has raised P5.48 billion from a “top-up” equity placement, proceeds from which will boost capital outlays for the upcoming City of Dreams Manila.

Posted: June 19th, 2014 in Latest Business Stories | Read More »

Bloomberry eyes another Solaire expansion, investment in Japan

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SCREENGRAB from www.bloomberry.ph

Integrated resort operator Bloomberry Resorts Corp. is planning a new phase of expansion for Solaire Resort & Casino alongside efforts to set up shop in new offshore markets like Japan.

Posted: June 5th, 2014 in Latest Business Stories | Read More »

Okada to pursue PH casino project

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Kazuo Okada AP FILE PHOTO

The group of Japanese gaming magnate Kazuo Okada regrets an aborted partnership with Century Properties Group Inc. (CPG) but still intends to pursue its casino project in the Philippines with the goal of starting business by the third quarter of 2015.

Posted: April 2nd, 2014 in Latest Business Stories | Read More »

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