Asia Pioneer Entertainment Limited to list 250 million new shares

In Macau, electronic gaming machine distributor Asia Pioneer Entertainment Limited has reportedly announced that it is hoping to raise approximately $6.4 million by placing some 250 million new shares on the small-cap Growth Enterprise Market of the Hong Kong Stock Exchange. According to a report from GGRAsia, trading of the new shares is expected to...

Michigan tribe set to fight federal land-into-trust denial

In Michigan, the Sault Ste Marie Tribe of Chippewa Indians is reportedly due to initiate actions against a July decision by federal officials that prevented it from moving forward with a plan to build a casino in the city of Lansing. According to a report from the Lansing State Journal newspaper, the tribe had earlier...

SJM Holdings Limited reports year-on-year drop in third-quarter net profit

Macau casino giant SJM Holdings Limited has published its unaudited financial results for the three months to the end of September showing that it experienced a 16.5% decline year-on-year in net profit to $54.85 million while the nine-month figure fell by 14.1% to stand at $177.27 million. SJM Holdings Limited is responsible for the iconic...

Pennsylvania banks first $1M courtesy of new gambling law

Just two days after Pennsylvania Gov. Tom Wolf approved legislation authorizing a major expansion of gambling, coffers in the nation’s second-largest commercial casino state are already cashing a $1 million check. The Associated Press reports that on Wednesday, the Pennsylvania Gaming Control Board said a $1 million fee was paid by Valley Forge Casino Resort...

XL Eclipse charity events raise over $40,000

Over the past few days, 888poker has offered players a unique poker series in which to enjoy known as XL Eclipse. Within this tournament series, players had the ability to compete in various tournaments with something for everyone on the schedule. The poker community is big on giving back and 888 made sure to...

Mixed third-quarter results for Sands China Limited

American casino giant Las Vegas Sands Corporation has released its third-quarter financial results showing that its Macau-facing Sands China Limited subsidiary saw total net revenues for the period increase by 12.2% year-on-year to hit $1.93 billion. Sands China Limited is responsible for The Venetian Macao, Sands Cotai Central, The Parisian Macao, Sands Macao and The...

Caesars subsidiary secures new $265 million add-on term loan facility

A little over two weeks after emerging from bankruptcy and the Caesars Entertainment Operating Company Incorporated arm of American casino giant Caesars Entertainment Corporation has announced that it has secured an add-on term loan facility worth some $265 million. Las Vegas-based Caesars Entertainment Operating Company Incorporated stated that the additional finance is to be added...

Choctaw Nation completes $50 million casino expansion project in Grant, OK

A ribbon-cutting ceremony held recently by the Choctaw Nation celebrated the completion of a $50 million expansion project at the tribe’s Choctaw Casino and Resort in Grant. One of eight primary locations in Southeastern Oklahoma, the Choctaw Nation’s Grant casino now features a new 96-room and suite hotel, as well as an additional 100 slot...

Wisconsin casino sees modest increase in annual gambling revenues

In Wisconsin, gambling revenues at the Potawatomi Hotel and Casino for the twelve months to the end of July reportedly inched up by only about 1.5% year-on-year to hit approximately $400 million. According to a report from the local Milwaukee Journal Sentinel newspaper, the Milwaukee casino owned by the Forest County Potawatomi Community raked in...

New Bay 101 Casino opens in San Jose, CA

In California, after undergoing a $53 million expansion and relocation, the new Bay 101 Casino in San Jose that now calls North First Street home, had its grand opening on Friday, Sept 29, 2017. The 68,000 square foot building is located on a 16-acre site owned by Bumb and Associates, who also operate the card...
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