Business magnate Carl Icahn and his firm, Icahn NV Gaming Acquisition LLC, bought the property out of bankruptcy in 2010 for $150 million. Witkoff and Miami-based investment firm New Valley LLC purchased it for $600 million in August.
You may not have heard of worldwide casino boss Craig Ballantyne — but you’ve more than likely heard of some of the places he’s worked.
The 67-year-old grew up in Fintry and Stobswell but has since lived and worked in Poland, Russia, Ukraine, Romania, Kenya, Egypt, Lebanon, South Africa and Greece.
A one-time bank worker at a city branch of the Royal Bank of Scotland, he became a renowned casino operator across the globe.
The new resort, MGM’s second and the biggest investment in Macau, boasts a 2,000-seat theatre and artwork including 28 carpets from the Qing dynasty. It will increase MGM’s overall gaming table count in the hub by 29 percent to 552.
MGM is one of six licensed casino operators in the special administrative region located on the heel of China’s southern coast, and it is the only place in the country where citizens are allowed to gamble legally.
The odds have increased for a legislative compromise to update Florida’s gaming laws, one that would guarantee the state more money from the Seminole Tribe in exchange for adding craps and roulette to their casinos, according to negotiators for both sides.
The tribe has some new leverage since legislation emerged and died last year: a federal court order allows it to stop about $250 million in annual revenue-sharing payments to the state by the end of March if a dispute remains over “designated player games” operated by some card rooms across the state, and a “no casinos” constitutional amendment is before voters in November that could strip lawmakers of any ability to expand gambling without voter approval.
On Jan. 4, Glenn Straub sold Revel to AC OCEAN WALK, a group led by Colorado-based investor Bruce Deifik, for $200 million. The property is scheduled to reopen over the summer as Ocean Resort Casino, joining Hard Rock, which will open its new property at the former Trump Taj Mahal Casino Resort site.
A temporary casino will operate in Limassol until the casino resort being constructed in Zakaki is completed. The project also includes the operation of four satellite casinos in Nicosia, Larnaca, the free Famagusta area and Paphos.
Hong Kong-based Kings Romans International (HK) Co. Ltd. controls a 102-sq-km (39-sq-mile) special economic zone which occupies seven km (four miles) of prime Mekong riverbank overlooking Myanmar and Thailand.
The company, which has a 99-year land lease from the government, allows visitors to openly buy endangered species products, including tigers and bears smuggled in from Asia and Africa, according to the British-based Environmental Investigation Agency.
VIENNA, Jan 15 (Reuters) - Czech-based lottery and gaming group Sazka Group, which is considering a stock market listing in London, has increased its stake in Casinos Austria, it said on Monday.
The San Cruz Casino boat had just set off Sunday afternoon, and was sailing along the Port Richey Canal towards the Tropical Breeze Casino cruise boat, when a fire started in the engine room and soon engulfed the entire boat.
The finance chief earlier said the government aims to privatize 17 PAGCOR-operated casinos out of a total of 46 this year. The plan aims to raise additional revenues for the government.