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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 »

Australia emerging as new casino hotspot

Australia is emerging as the latest hotspot for casino operators as they look to attract Asia’s high rollers to the gaming tables as well as its pristine beaches and popular centres like the Great Barrier Reef.

Posted: July 2nd, 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 »

Pagcor, gaming firms agree to cut license fees

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LAS VEGAS-LIKE  A scale model of the rising Entertainment City Manila, simply known as Pagcor City, a Las Vegas-like gaming and entertainment complex.

The state-run Philippine Amusement & Gaming Corp. has struck a deal with gaming operators to cut license fees by 10-percent of gross gaming revenues to neutralize the burden arising from a controversial judicial ruling that changes the gaming tax regime.

Posted: May 12th, 2014 in Latest Business Stories | Read More »

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