https://www.casinogaminginst.com Your source for breaking casino news. Thu, 22 Aug 2024 13:05:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://www.casinogaminginst.com/imperial-pacific-seeks-court-approval-to-sell-saipan-hotel-casino-and-assets-for-10m-114854 https://www.casinogaminginst.com/imperial-pacific-seeks-court-approval-to-sell-saipan-hotel-casino-and-assets-for-10m-114854#respond Thu, 22 Aug 2024 13:05:13 +0000 https://www.casinogaminginst.com/?p=114854

Imperial Pacific International (IPI), a Chinese investment holding company based in Hong Kong, is making headlines as it seeks federal bankruptcy court permission to sell its hotel casino in Saipan, Northern Mariana Islands, and other significant assets to Loi Lam Sit for a proposed sum of $10 million. This request marks a pivotal moment in […]]]> https://www.casinogaminginst.com/imperial-pacific-seeks-court-approval-to-sell-saipan-hotel-casino-and-assets-for-10m-114854/feed 0 https://www.casinogaminginst.com/north-koreas-ryugyong-hotel-to-offer-casino-for-interior-completion-114513 https://www.casinogaminginst.com/north-koreas-ryugyong-hotel-to-offer-casino-for-interior-completion-114513#respond Mon, 29 Jul 2024 13:40:32 +0000 https://www.casinogaminginst.com/?p=114513

After 37 years of intermittent construction, North Korea’s?Ryugyong Hotel?remains incomplete. However, new plans could change its fate dramatically. Authorities are now offering the rights to operate a casino within the 105-floor hotel, contingent on an investor completing the building’s interior, according to a recent report by Radio Free Asia. Historical challenges and current opportunity: Inside […]]]> https://www.casinogaminginst.com/north-koreas-ryugyong-hotel-to-offer-casino-for-interior-completion-114513/feed 0 https://www.casinogaminginst.com/let-group-advances-plans-to-sell-tigre-de-cristal-stake-amid-sanctions-114210 https://www.casinogaminginst.com/let-group-advances-plans-to-sell-tigre-de-cristal-stake-amid-sanctions-114210#respond Wed, 10 Jul 2024 13:30:12 +0000 https://www.casinogaminginst.com/?p=114210

The Chairman and controlling shareholder of the Hong Kong-listed LET Group, Andrew Lo, has revived plans to sell the company’s entire interest in the Russian-integrated resort Tigre de Cristal, located in the Primorye Economic Zone near Vladivostok. LET Group Holdings Ltd, previously known as Suncity Group Holdings Ltd, is a China-based investment holding company with […]]]> https://www.casinogaminginst.com/let-group-advances-plans-to-sell-tigre-de-cristal-stake-amid-sanctions-114210/feed 0 https://www.casinogaminginst.com/glpi-acquires-real-estate-assets-of-three-casinos-in-nevada-and-south-dakota-for-105-million-113420 https://www.casinogaminginst.com/glpi-acquires-real-estate-assets-of-three-casinos-in-nevada-and-south-dakota-for-105-million-113420#respond Fri, 17 May 2024 12:20:46 +0000 https://www.casinogaminginst.com/?p=113420

In a strategic move within the gaming sector, Gaming and Leisure Properties (GLPI) announced the acquisition of the real estate assets of two South Dakota casinos and one Nevada casino for a total of $105 million. The acquired properties include the Silverado Franklin Hotel & Gaming Complex and the Deadwood Mountain Grand Casino in Deadwood, […]]]> https://www.casinogaminginst.com/glpi-acquires-real-estate-assets-of-three-casinos-in-nevada-and-south-dakota-for-105-million-113420/feed 0 https://www.casinogaminginst.com/buzz-bingo-in-advanced-talks-to-acquire-two-major-uk-bingo-clubs-113373 https://www.casinogaminginst.com/buzz-bingo-in-advanced-talks-to-acquire-two-major-uk-bingo-clubs-113373#respond Wed, 15 May 2024 12:33:32 +0000 https://www.casinogaminginst.com/?p=113373

Buzz Bingo, the UK’s leading omnichannel bingo brand, has announced that it is in advanced discussions to acquire two of the largest bingo clubs in the UK, namely the MERKUR sites located in Cricklewood and Northampton, according to an official press release published by MERKUR Casino. These two high-performing clubs complement Buzz Bingo’s existing locations, […]]]> https://www.casinogaminginst.com/buzz-bingo-in-advanced-talks-to-acquire-two-major-uk-bingo-clubs-113373/feed 0 https://www.casinogaminginst.com/valmar-group-to-acquire-the-entire-stake-of-clairvest-in-four-marina-del-sol-casinos-in-chile-112916 https://www.casinogaminginst.com/valmar-group-to-acquire-the-entire-stake-of-clairvest-in-four-marina-del-sol-casinos-in-chile-112916#respond Fri, 12 Apr 2024 17:48:22 +0000 https://www.casinogaminginst.com/?p=112916

The Chilean group Valmar announced on 9 April 2024 the acquisition of all the shares of the Canadian group Clairvest in the Chilean casino chain Marina del Sol. As reported, Valmar has agreed to acquire the entire Clairvest stake in the popular casino’s operations in four Chilean locations featuring Valmar’s presence. Under the agreement, the […]]]> https://www.casinogaminginst.com/valmar-group-to-acquire-the-entire-stake-of-clairvest-in-four-marina-del-sol-casinos-in-chile-112916/feed 0 https://www.casinogaminginst.com/ballys-chicago-reports-12-7-revenue-growth-in-march-2024-as-ballys-corp-mulls-takeover-bid-112915 https://www.casinogaminginst.com/ballys-chicago-reports-12-7-revenue-growth-in-march-2024-as-ballys-corp-mulls-takeover-bid-112915#respond Fri, 12 Apr 2024 17:18:13 +0000 https://www.casinogaminginst.com/?p=112915

Following a takeover bid by its biggest shareholder, an $800m financing gap for the construction of a planned Chicago casino, a project worth $1.7bln, and a credit downgrade by the rating agencies, business flow at the Chicago-based interim establishment of Bally’s Corporation continues to grow. Temporary casino revenue data: Profits at Medinah Temple temporary casino […]]]> https://www.casinogaminginst.com/ballys-chicago-reports-12-7-revenue-growth-in-march-2024-as-ballys-corp-mulls-takeover-bid-112915/feed 0 https://www.casinogaminginst.com/ballys-corporation-rejects-acquisition-bid-to-focus-on-chicago-and-online-casino-operations-112805 https://www.casinogaminginst.com/ballys-corporation-rejects-acquisition-bid-to-focus-on-chicago-and-online-casino-operations-112805#respond Wed, 03 Apr 2024 17:00:34 +0000 https://www.casinogaminginst.com/?p=112805

Following the closure of the landmark Tropicana Las Vegas casino 2 April 2024, the owner Bally’s Corporation is looking for the best option to focus its operating strategy in the near future. In the circumstances of the 30% stock decline over the past 12 months, the company is facing ownership issues while looking to raise […]]]> https://www.casinogaminginst.com/ballys-corporation-rejects-acquisition-bid-to-focus-on-chicago-and-online-casino-operations-112805/feed 0 https://www.casinogaminginst.com/888-holdings-signs-purchase-agreement-to-sell-select-us-b2c-assets-to-hard-rock-digital-112734 https://www.casinogaminginst.com/888-holdings-signs-purchase-agreement-to-sell-select-us-b2c-assets-to-hard-rock-digital-112734#respond Thu, 28 Mar 2024 15:23:27 +0000 https://www.casinogaminginst.com/?p=112734

888 Holdings, the London-listed firm, has officially completed its strategic consideration of its American B2C operations. The outcome of the deliberation was that the firm came to the agreement to sell chosen assets to Hard Rock Digital. However, completion of the sale is subject to appropriate regulatory validations, in addition to other things. Reason for […]]]> https://www.casinogaminginst.com/888-holdings-signs-purchase-agreement-to-sell-select-us-b2c-assets-to-hard-rock-digital-112734/feed 0 https://www.casinogaminginst.com/mgm-resorts-int-reportedly-considering-sale-of-casino-assets-in-massachusetts-and-ohio-112648 https://www.casinogaminginst.com/mgm-resorts-int-reportedly-considering-sale-of-casino-assets-in-massachusetts-and-ohio-112648#respond Thu, 21 Mar 2024 13:03:51 +0000 https://www.casinogaminginst.com/?p=112648

As reported by BNN Bloomberg, MGM Resorts International is reportedly studying the potential of selling its casino assets at Springfield, Massachusetts and Northfield Park, Ohio, according to information provided by individuals familiar with the subject. Preliminary discussions: At the moment, the firm is discussing the possibility with its financial advisors, but the talks are preliminary […]]]> https://www.casinogaminginst.com/mgm-resorts-int-reportedly-considering-sale-of-casino-assets-in-massachusetts-and-ohio-112648/feed 0