Tag Archives: Featured
NSW puts faith in Crown as it finds operator suitable to retain its Sydney licence
The NSW Independent Casino Commission has found Crown Sydney suitable to retain its casino licence after nearly three years of intensive remediation. Chief Commissioner, Philip Crawford, said Crown has come a long way and must now demonstrate its long-term commitment to maintaining suitability. The NICC is confident the Crown we deemed suitable today has a…
Holland Casino enjoys eight per cent increase and a million more guest visits but warns future proofing is key
Despite more than a million more vistors and with turnover up €63.9m to €817.7m in 2023, Holland Casino has warned that future-proofing the company remains the focus. Profit after tax amounted to €23.6m, up from €17m in 2022. Holland Casino Online’s revenue amounted to €116m, down from €145.5m in 2022.; The revenue from Holland Casino’s…
Personal best in Singapore helps lift Sands China by 42 per cent year-on-year
Record results in Singapore helped Las Vegas Sands generate revenue of $2.96bn in the first quarter of 2024, up 42 per cent from the $2.12bn in the prior year quarter. Operating income was $717m, compared to $378m in the prior year quarter. Net income in the first quarter of 2024 was $583m, compared to $145 million in the first quarter of 2023. “We…
Eight out nine Atlantic City casinos enjoy growth in March as online continues to boom
Online gambling rocketed to new heights in March in New Jersey increasing by 20 per cent to $197.2m, prompting an overall gambling high of $526.6m for the Garden State. There was good news forand despite in-person betting in casinos too with every casino aprt from market-leader Borgata, posting a positive trajectory compared to last year….
Cordish Companies unveils full details of latest bid to build in Petersburg
Bruce Smith Enterprise and The Cordish Companies have now released full details of its proposal for the City of Petersburg, Virginia with plans to codevelop a $1.4bn Live! Gaming & Entertainment District, anchored by Live! Casino & Hotel Virginia. Upon completion, the world-class Live! Casino & Hotel Virginia resort destination will feature more than 400,000 square feet of first-class gaming, hotel and dining…
Star’s second inquiry off to a disastrous start with evidence of ‘going to war’ with regulator and spying on special manager
The first day of the new 15-week inquiry, demanded by the NSW Independent Casino Commission (NICC), following claims that Star hadn’t acted efficiently enough to prove its suitability as a casino operator, could not have got off to a worse start for the casino group with inflammatory texts brought to court along with accusations of…
Spectacular site for Mont Parnes relocation approved by Greek Environment and Energy Ministry
Plans to relocate the Regency Casino Mont Parnes in Parnitha, Athens, have received a huge boost with the Greek Environment and Energy Ministry approving an environmental impact study for a new entertainment and hospitality hub called Project Voria in Maroussi in northern Athens. The project to relocate the mountain-top casino, which was derailed in 2021,…
Latvia’s Constitutional Court rules that Riga’s gambling ban is unconstitutional
Following a legal challenge by a host of operators, the Constitutional Court of Latvia has ruled that the prohibition on gambling organisations within Rīga, which led to the closure of 42 gambling venues in the city centre, is unconstitutional. Brought in six years ago by Riga City Council, the ban prohibited gambling in Rīga except in four or…
South Korea’s Kangwon Land to address competition from Japan with US$1.9bn revamp
With the looming competition of a casino in the Japanese prefecture of Osaka, South Korea’s Kangwon Land is to spend US$1.9bn revamping its casino into a luxurious integrated resort with a bigger gaming floor, more hotels, a sky bridge as well as a host of additional leisure facilities. A massive US$1.34bn will be spent on…
