Almost a year after closing two of its three casinos, Resorts World Genting (RWG) in Malaysia has launched a new mass gaming floor. However, this move is unlikely to significantly impact the company’s earnings. Maybank analyst Samuel Yin Shao Yang visited RWG’s Genting Casino on December 30 and concluded that the new gaming floor, featuring…
Betr Entertainment is back in the race to acquire PointsBet, unveiling a revised all-scrip proposal it claims offers compelling value to shareholders. The new bid proposes an exchange of 3.81 Betr shares for every PointsBet share, valuing each PointsBet share at AU$1.22, based on a $0.32 per Betr share price. A New Twist in the…
Macau lawmakers say it’s long overdue to revise the city’s outdated casino advertising legislation. On Friday, the government introduced proposed changes to a law first enacted in 1989—well before the rise of digital marketing and more than a decade before the first casino concessions were issued in 2002. Under the amended law, any form of…
Star Entertainment has officially announced a significant restructuring move in a bid to avoid insolvency, confirming today (7 March) that it will sell its 50% stake in Brisbane’s Queen’s Wharf project and consolidate ownership of key assets on the Gold Coast. Star Unloads Queen’s Wharf Stake for AU$53 Million In an ASX filing, Star revealed…
Crown Resorts has officially named David Tsai as its permanent chief executive, following his initial appointment as interim CEO on September 1, after Ciarán Carruthers resigned. Carruthers announced his departure in late August and will fully leave the company by December 31. Tsai’s permanent appointment is subject to necessary regulatory approvals. David Tsai joined Crown…