Casino resort – Jelato Donna http://jelato-donna.com/ Tue, 19 Oct 2021 19:52:29 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://jelato-donna.com/wp-content/uploads/2021/06/icon-2021-06-23T175350.859-150x150.png Casino resort – Jelato Donna http://jelato-donna.com/ 32 32 Ader says Okada Manila could continue expansion in Japan https://jelato-donna.com/ader-says-okada-manila-could-continue-expansion-in-japan/ https://jelato-donna.com/ader-says-okada-manila-could-continue-expansion-in-japan/#respond Tue, 19 Oct 2021 18:58:57 +0000 https://jelato-donna.com/ader-says-okada-manila-could-continue-expansion-in-japan/ Posted: Oct 19, 2021, 11:33 a.m. Last updated on: October 19, 2021, 11:33 a.m. After announcing its intention to merge with a Special Purpose Acquisition Company (SPAC), Okada Manila may consider its next step: expanding into Japan, the home country of its parent company. Okada Manila could continue its expansion after the conclusion of its […]]]>

Posted: Oct 19, 2021, 11:33 a.m.

Last updated on: October 19, 2021, 11:33 a.m.

After announcing its intention to merge with a Special Purpose Acquisition Company (SPAC), Okada Manila may consider its next step: expanding into Japan, the home country of its parent company.

Okada Manila
Okada Manila could continue its expansion after the conclusion of its PSPC deal. Japan is a likely destination. (Picture: Yahoo finance)

Last Friday, Okada Manila, the world’s only integrated hotel complex owned by Japanese people, announced its merger with Jason Ader’s front company, 26 Capital (NASDAQ: ADER), paving the way for the casino operator to list its actions in the United States. The company will trade on the Nasdaq when the transaction with the blank check company closes in June 2022.

Ader, who also heads investment firm SpringOwl Asset Management, confirmed that Okada Manila will seek expansion opportunities in Japan.

The company will hold assets beyond the Philippines over the next several years, ”Ader said in an interview with Bloomberg. “This company does not expect to be a single company with assets in perpetuity.”

Currently, Okada Manila only includes this gaming location in the Philippines. The only publicly traded casino operator in the United States with a smaller number of sites is Monarch Casino & Resort (NASDAQ: MCRI), which owns two gaming properties.

Assessment of the prospects for Okada Manila in Japan

Japan-based Universal Entertainment is the parent company of Okada Manila, so there are obvious links to the world’s third-largest economy, but it remains to be seen how the operator will fit into the ever-emerging landscape of casino gaming. his home country.

The approval process there is slow, but it is expected that next year, Japanese authorities will select up to three cities to host the country’s first integrated resorts. While new Prime Minister Fumio Kishida backs casino gaming, Okada Manila lags behind its competition, at least when it comes to the initial trio of licensing.

Currently only three prefectures – Nagasaki, Osaka and Wakayama – are bidding and each has declared their intention to move forward with great partners. Osaka is teaming up with local financial services company Orix and MGM Resorts International, while Casinos Austria is partnering with Nagasaki.

Wakayama’s offer may have recently had a positive impact when Caesars Entertainment (NASDAQ: CZR) said it was joining the Clairvest Neem Ventures KK consortium.

Other opportunities

Ader adds that Okada Manila could possibly seek acquisition opportunities beyond Japan, but declined to identify specific markets.

He previously served on the board of directors of Las Vegas Sands (NYSE: LVS) from 2009 to 2016, confirming an intimate knowledge of the gaming landscape in Asia. There is speculation that some gaming assets in the Asia-Pacific region may be in the market, but these rumors do not implicate Okada Manila.

Ader’s 26 Capital is providing up to $ 275 million in cash to Okada Manila as part of the blank check transaction and if its shares appreciate as a result of the transaction, it will have additional currency to consider acquisitions, but it could take some time for such plans to materialize. come together.


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NBA Opening Week, NFL Week 7 and Astros-Red Sox https://jelato-donna.com/nba-opening-week-nfl-week-7-and-astros-red-sox/ https://jelato-donna.com/nba-opening-week-nfl-week-7-and-astros-red-sox/#respond Mon, 18 Oct 2021 14:29:52 +0000 https://jelato-donna.com/nba-opening-week-nfl-week-7-and-astros-red-sox/ Every Monday, our “What’s on Tap” series provides a look at the coming week in the world of sports betting. Come here for a rundown of upcoming financial events, legislative and regulatory meetings, industry conferences, top matches scheduled for the week, and more. Also check out our weekly Get a Grip review for a look […]]]>

Every Monday, our “What’s on Tap” series provides a look at the coming week in the world of sports betting. Come here for a rundown of upcoming financial events, legislative and regulatory meetings, industry conferences, top matches scheduled for the week, and more. Also check out our weekly Get a Grip review for a look back at some notable news from the past week.

Monday, October 18

The Astros-Red Sox series resumes at Fenway Park

The Boston Red Sox tied the American League championship series one game apiece with a 9-5 victory Saturday over the popular Houston Astros. The Red Sox hit grand slams in each of the first two innings to become the first team in Major League Baseball history to hit more than one slam in a playoff game, according to ESPN Stats & Information research.

In Monday’s Game 3, Jose Urquidy is expected to take the mound for the Astros at Fenway Park. At FanDuel, the Astros are -124 favorites to qualify for the World Series. Houston opened the ALCS with odds of -146 to defeat the Red Sox (+124) in the Top Seven series. Meanwhile, the Braves took a 2-0 lead in the NLCS series on Sunday night on Eddie Rosario’s hit in the ninth inning. It was the first time the Braves had made consecutive playoff outings since 1991, when the franchise qualified for the World Series. The Braves are now favorites to win the World Series at FanDuel.

World Series 2021 futures odds

  • Courageous +200
  • Astros +240
  • Dodgers +290
  • Red Sox +380

Super Bowl favorite Bills takes on the Titans in Nashville

Building on a four-game winning streak, the Buffalo Bills have become Super Bowl favorites in many top sports betting. The Bills completely dominated the AFC champion Chiefs last week in a 38-20 victory at soggy Arrowhead Stadium. During the winning streak, Josh Allen had 11 touchdowns in the air for just two interceptions. Allen, a 2018 first-round pick, has two more rushing touchdowns. Buffalo must contain Titans running back Derrick Henry, who leads the NFL in rushing yards with 640. Henry entered Week 6 with 117 more yards than Browns running back Nick Chubb, the next full-back. closer. The Bills are the 5.5 point favorites at Caesars Sportsbook; the total is 53.5 points.

Tuesday 19 October

Bucks raise championship banner to open NBA regular season

In June, the Milwaukee Bucks outlasted the Brooklyn Nets in a Game 7 overtime thriller to take out Brooklyn in the Eastern Conference semifinals. From there, the Bucks fired the Hawks and Suns to win their first NBA title since 1971. Now, the Bucks will meet the Nets again on opening night of the 2021-22 NBA regular season. The game features two of the top three teams in the 2022 NBA Championship futures market, led by the Nets at +205. The Bucks are the one-point favorites over the Nets at Caesars Sportsbook for Game 1, with a total of 239.5 points. Goalkeeper Kyrie Irving is absent from the squad because he would not be vaccinated against COVID-19. The Lakers face the Warriors later Tuesday.

NBA Championship Futures Odds (DraftKings Sportsbook)

  • Nets +205
  • Lakers +400
  • Dollars +900
  • Warriors +1100
  • Jazz +1500
  • Mowers +1700
  • Suns +1700
  • Sixers +2000
  • Nuggets +2000
  • Heat +2500

DraftKings offer to acquire Entain window ends

Last month, DraftKings surprised the M&A world with a $ 22 billion proposal to acquire UK-based Entain. The proposed amount not only doubles an $ 11 billion proposal made by MGM Resorts in January, but exceeds the $ 21.5 billion managed by US legal sports betting in the entire last year. On Tuesday, DraftKings will meet a deadline under UK takeover law that requires the company to either make a formal offer to acquire Entain or declare that it will not make a formal offer.

Shortly after the PASPA Supreme Court ruling in 2018, Entain and MGM Resorts formed BetMGM, a 50-50 joint venture. MGM Resorts can hardly afford to lose a technology stack designed by Entain that processes approximately 2 million bets per day. It is possible that the three companies will strike a complex triple deal whereby MGM Resorts will gain full ownership of BetMGM, with DraftKings then acquiring Entain’s non-US assets in Europe. MGM Resorts CEO Bill Hornbuckle has warned the company has the option to block DraftKings from doing business in the United States if it makes a deal to acquire Entain.

Thursday, October 21

Louisiana Gaming Control Board Meeting

Louisiana stakeholders could learn more about the pace of the statewide sports betting expansion at Thursday’s meeting of the Louisiana Gaming Control Board (LGCB). Saints Hall of Fame catcher Joe Horn placed the first legal sports bet in state history this month when he placed a bet at Paragon Casino Resort in Marksville. In August, the LGCB adopted a set of emergency sports betting rules that went into effect on August 23 and will remain in place for a period of 180 days. At a meeting last month, the LGCB presented a plan for further expansion. Under Louisiana law, the 20 state casinos – 15 river casinos, four slot machine-based betting mutual racetracks, and one land-based casino – have until January 1, 2022 to submit a license application. sport bets. If any of the licensees miss the deadline, the LGCB has said it will open the license application process to video poker and sports operators Gamesys.

saturday 23 october

The state of Oklahoma appears to remain undefeated

Trailing in double digits with two points into the first half, Oklahoma State rallied on Saturday to defeat then 25th-ranked Texas 32-24 for their third straight top-flight victory. 25. Oklahoma State is now heading to Ames to take on Iowa State in a key Big 12 showdown. As Iowa State opened the season in the top 10 of the pre -season, the Cyclones came out of the top 25 last month with a narrow loss to Baylor. Iowa State opened as a 7-point favorite at Circa Sports.

In another action, Purdue will face Wisconsin in a key Big Ten game. The Boilermakers just had one of the biggest upsets of the season when they beat second-second Iowa 24-7 in Week 7. Purdue wide receiver David Bell recorded 11 catches for 240 yards and a touchdown. Wisconsin is a 5 point favorite on Boilermakers. Also on Saturday, Cincinnati (-24) will face the Navy in Annapolis. Cincinnati rose to the highest ranking in school history this week after losing to Iowa.

Sunday 24 October

Lions seek first win of season against Rams

With the Jaguars’ 23-20 victory over the Dolphins on Sunday, the Lions are the only NFL team without a win this season. Ahead of an offseason trade in Detroit, Lions quarterback Jared Goff spent five seasons with the Rams while leading the franchise to Super Bowl LIII in 2019. Goff will want revenge when he returns to SoFi Stadium. The Rams are the 15.5 point favorites on the Caesars Sportsbook.

Elsewhere, the head of the AFC North division will be on the line when the Ravens (-6.5) face the Bengals in Baltimore. The Ravens come off an impressive win over the Chargers, while the Bengals improved to 4-2 with a 34-11 win over the Lions. The Cardinals, the only undefeated team left in the NFL, can go 7-0 with a win over the Texans. Arizona opened as the favorite with 17 points. In total, there are four double-digit favorites in Week 7.

Have a good week!



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Okada Manila valued at $ 2.6 billion in deal with Jason Ader SPAC https://jelato-donna.com/okada-manila-valued-at-2-6-billion-in-deal-with-jason-ader-spac/ https://jelato-donna.com/okada-manila-valued-at-2-6-billion-in-deal-with-jason-ader-spac/#respond Sat, 16 Oct 2021 23:27:54 +0000 https://jelato-donna.com/okada-manila-valued-at-2-6-billion-in-deal-with-jason-ader-spac/ Posted on: Oct 16, 2021, 4:01 a.m. Last update on: October 16, 2021, 04: 24h. Okada Manila, World’s Only Integrated Japanese-Owned Resort, Merges With Jason Ader’s Special Purpose Acquisition Company (SPAC) 26 Capital (NASDAQ: ADER) in Deal Enhancing Gaming Site to $ 2.6 billion. Jason Ader’s SPAC merges with Okada Manila. The deal values ​​the […]]]>

Posted on: Oct 16, 2021, 4:01 a.m.

Last update on: October 16, 2021, 04: 24h.

Okada Manila, World’s Only Integrated Japanese-Owned Resort, Merges With Jason Ader’s Special Purpose Acquisition Company (SPAC) 26 Capital (NASDAQ: ADER) in Deal Enhancing Gaming Site to $ 2.6 billion.

Okada Manila
Jason Ader’s SPAC merges with Okada Manila. The deal values ​​the Japanese casino operator at $ 2.6 billion. (Image: CNBC)

The announcement ends months of speculation about which shell company the games company would merge with as it seeks to be listed in the United States. In February, Okada Manila said she was looking for a PSPC partner in an effort to get a listing on the Nasdaq or the New York Stock Exchange (NYSE). After the transaction closes, which is slated for June 2022, Okada Manila shares will debut on the Nasdaq. Talks between the casino operator and 26 Capital began in July.

The transaction involves an enterprise value for Okada Manila of $ 2.6 billion and is expected to provide Okada Manila up to $ 275 million in cash, ”according to a statement.

This is on the safe side of the gaming industry / blank check offerings so far. Universal Entertainment, the Japanese pachinko giant that is the parent company of Okada Manila, is investing 100 percent of the casino operator’s capital, and Ader’s 26 Capital is providing up to $ 275 million in cash to the company.

Okada Manila: small list, big potential

Assuming it doesn’t acquire another site until its Nasdaq debut, Okada Manila will be the smallest listed gaming company in the United States in terms of number of casinos, with just one. This distinction currently belongs to Monarch Casino & Resort (NASDAQ: MCRI), which currently only owns two properties.

Still, Okada Manila offers investors a lot of potential. This is because, in the absence of the coronavirus, the Philippines is a dynamic and growing gaming market, and Japanese society has an enviable position there. Okada Manila is the largest casino in the Entertainment City area in terms of both gross area and gross playing area. Gross gaming revenue (GGR) in this district was skyrocketing before the pandemic, increasing 24% per year for the seven-year period ending in 2019.

“Okada Manila is expected to experience tremendous future growth by tapping into strong pent-up demand following the relaxation of travel and hospitality restrictions,” the statement said. “This transaction allows the company to expand in the Philippines and look outside its current market to other growing markets.”

When the ongoing improvements are completed next year, Okada will be home to 974 table games and nearly 6,900 gaming machines. The company also mentions that it could potentially participate in a future integrated complex in Japan.

Ader’s involvement, a coup for Okada Manila

The deal comes at a time when some members of the investment community are denouncing PSPC’s sponsors. They indicate that some stocks sell quickly or do not have adequate experience in the industry of the target company, Ader’s involvement with Okada Manila stands out in a positive way.

Ader’s ties to the gaming industry run deep. Before going on his own, he was a games and hosting analyst at Bear Stearns. Institutional investor recognized him as the best among his peers for 10 consecutive years. He was then a member of the board of directors of Las Vegas Sands from 2009 to 2016..

In 2015, he orchestrated the takeover of online gaming company Bwin.party by the company now known as Entain Plc. In 2018, Ader’s SpringOwl Asset Management took a stake in gaming software provider Playtech – a name that has been mentioned as a target of the takeover.

That said, Ader has experience with iGaming which is relevant for Okada Manila as the Philippines has a new regulated online gaming market.


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Vote yes on One Casino + Resort https://jelato-donna.com/vote-yes-on-one-casino-resort/ https://jelato-donna.com/vote-yes-on-one-casino-resort/#respond Fri, 15 Oct 2021 17:49:00 +0000 https://jelato-donna.com/vote-yes-on-one-casino-resort/ RICHMOND, Virginia (WWBT) – Last week I discussed the importance of your vote. I am very confident that the people of Virginia will vote in large numbers now and until election day. It’s a great feeling. For those of you who live in the city of Richmond, most of you now know that you have […]]]>

RICHMOND, Virginia (WWBT) – Last week I discussed the importance of your vote. I am very confident that the people of Virginia will vote in large numbers now and until election day. It’s a great feeling.

For those of you who live in the city of Richmond, most of you now know that you have a referendum on the ballot to vote yes or no for a new casino and complex in South Richmond .

It didn’t take long for me to form my opinion on the right choice, especially when I looked at all the huge benefits that come with this great opportunity for Richmond and the greater Richmond area. Entertainment coupled with economic development is a definite yes for me.

On a personal level, can I tell you a secret? I love going to Vegas and I don’t even gamble. I like it for big hotels, entertainment, shows, music, restaurants and the opportunity to relax every now and then. I am also jealous of their enormous tourism.

But that’s just the icing on the cake of the One Casino + Resort project. As someone who loves Richmond and all that provides the people of Richmond with opportunities for economic growth, job creation, diversity and inclusion at all levels, it’s a given. From the bottom to the top of this project, there is diversity and inclusion like I’ve never seen with any other project.

So what do I mean by economic growth? This project will bring $ 500 million in new tax revenue to the City of Richmond over 10 years. I repeat, $ 500 million. This means more money for schools, roads, improved infrastructure and tax breaks for the citizens of Richmond. We simply cannot afford to say no to a 100% privately funded project that will not cost taxpayers a dime.

Believe me when I say this is a great economic opportunity for the South Richmond neighborhood. There will be 3,000 construction jobs and 1,500 new permanent jobs. It is an opportunity for some of our citizens to have the possibility of obtaining excellent full-time jobs at attractive salaries.

I could really go on and on, but I’ll just say this. Richmond is a great place to live and we must continue to be a forward looking city and region. When projects like this happen in the city and county, it opens the door to other opportunities for all citizens of Richmond. If a city does not continue to grow, it will die.

So, for those of you in Richmond, turn that ballot over and vote Yes. And for all, go to: OneCasinoResort.com and read and see for yourself why this is great for Richmond.

Copyright 2021 WWBT. All rights reserved.

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Spiegelworld and Caesars plan three new shows in Las Vegas, Atlantic City and New Orleans https://jelato-donna.com/spiegelworld-and-caesars-plan-three-new-shows-in-las-vegas-atlantic-city-and-new-orleans/ https://jelato-donna.com/spiegelworld-and-caesars-plan-three-new-shows-in-las-vegas-atlantic-city-and-new-orleans/#respond Thu, 14 Oct 2021 20:54:40 +0000 https://jelato-donna.com/spiegelworld-and-caesars-plan-three-new-shows-in-las-vegas-atlantic-city-and-new-orleans/ Caesars Entertainment and Spiegelworld today announced a monumental new step in the two companies’ successful entertainment partnership in Las Vegas, which began with the opening of Absinthe at Caesars Palace over 10 years ago. A collaborative expansion will aim to create three new production shows in the coming years at Linq Hotel in Las Vegas […]]]>

Caesars Entertainment and Spiegelworld today announced a monumental new step in the two companies’ successful entertainment partnership in Las Vegas, which began with the opening of Absinthe at Caesars Palace over 10 years ago. A collaborative expansion will aim to create three new production shows in the coming years at Linq Hotel in Las Vegas in 2022, Caesars Atlantic City in 2023 and Caesars New Orleans in 2024.

“We have had an incredible relationship for over a decade here at Caesars Palace, and the hit show from Spiegelworld Absinthe performed in front of over 2.5 million fans, sold out night after night, which is such a special achievement, ”said Anthony Carano, President and COO of Caesars Entertainment. “This is why we are very happy to announce today this brand new partnership which is building three new productions across the country. “

The announcement rightly took place at Beijing Noodle No. 9, the Chinese restaurant at Caesars Palace where Carano met Spiegelworld impresario Ross Mollison during the game director’s first week of work. grandson of Don Carano, founder of Eldorado Resorts, who completed the acquisition and merger of Caesars Entertainment last summer.

“I was sitting at my home in Brooklyn with three gigs closed in Vegas when [Caesars Palace President] Gary Selesner called me up and said, ‘Hey, I want you to come over to lunch with the guys who just bought Caesars Entertainment.’ It wasn’t a call I expected, ”Mollison said. “But we sat in the corner at this table, and Anthony described his dream of expanding our great relationship to New Orleans and Atlantic City.”

The project represents an investment of nearly $ 75 million by Caesars to add the new Spiegelworld entertainment, food and beverage experiences to the three resorts. Caesars Atlantic City opened in 1979, and the renovation of the company’s $ 170 million property was unveiled this summer. Spiegelworld plans to resurrect the historic Warner Theater there to create a new theater space for an original production. In New Orleans, the Harrah’s casino complex is renamed Caesars New Orleans as part of a $ 325 million project to be completed in 2024.

“New Orleans is a great place for Spiegelworld for a permanent show, and we’re going to be building a whole new theater where we can integrate food and drink in a way we’re doing more and more in Vegas right now,” Mollison said, referring to the recent reopening of his Opium show at the Cosmopolitan and its new adjoining Superfrico restaurant. “It’s also important to say that we want to go to town and create something new for New Orleans, using the same approach we used in Vegas to create something super exciting for the local market,” something that people there will want to take with their friends. and family when they come to visit us.

Shows in these cities will be new concepts still in development. The New Las Vegas Show at Linq, just across Las Vegas Boulevard from Absinthein front of Caesars Palace, will be Disco Show, the longtime musical spectacle Spiegelworld, formerly known as We are here. Disco icon Nile Rodgers was part of the music creation team for Disco Show, which was presented in New York before the pandemic.

“I knew this show could be a success when Gary [Selesner] was here [at the showcase] and he said, “I don’t dance,” but at the end of the show he was dancing, ”Mollison said.

In addition to Absinthe and Opium in Las Vegas, Spiegelworld also presents Atomic salon of the living room at the Grand Canal Shoppes at Venetian, which opened in 2019 and took over a long-hidden spot on the Strip. Mollison and his team will do it again with Disco Show, which will operate in the Linq space which once housed the famous sports betting house of the Imperial Palace.

“We are going to build a theater like no one has seen before: five walls of LEDs [screens] including the whole floor and it will be the most amazing experience, ”said Mollison. “It will be accessible from the Strip and from the Linq Hotel, and we’ll be recreating that space for a whole new entertainment destination. “

Disco Show is slated to open in Las Vegas in time for New Years Eve from 2022 to 2023.


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Parental Support for Empire Resorts Incorporated https://jelato-donna.com/parental-support-for-empire-resorts-incorporated/ https://jelato-donna.com/parental-support-for-empire-resorts-incorporated/#respond Wed, 13 Oct 2021 14:59:33 +0000 https://jelato-donna.com/parental-support-for-empire-resorts-incorporated/ Asian casino operator Genting Malaysia Berhad reportedly announced plans to soon inject up to $ 150 million into Empire Resorts Incorporated in order to help the American firm to better recover from the impacts of the coronavirus pandemic. According to a report by Forbes, Empire Resorts Incorporated, listed on Nasdaq, is responsible for the upstate […]]]>

Asian casino operator Genting Malaysia Berhad reportedly announced plans to soon inject up to $ 150 million into Empire Resorts Incorporated in order to help the American firm to better recover from the impacts of the coronavirus pandemic.

According to a report by Forbes, Empire Resorts Incorporated, listed on Nasdaq, is responsible for the upstate New York giant World Catskills Resorts casino complex as well as the proximity Circuit of Monticello harnessed to horse racing and is said to be in debt worth around $ 365 million. The company was reportedly forced to completely shut down those two facilities for five months last year at the height of the coronavirus pandemic before resuming operations in the fall under a strict set of public health protocols and social distancing.

Recent resurgence:

Empire Resorts Incorporated has since benefited from this recovery and has seen its most recent second quarter earnings before interest, taxes, depreciation and amortization hit $ 3.5 million improve its net debt in the first half of the year from around 36% over one year to around $ 199.9 million.

Prominent Parents:

For its part and Genting Malaysia Berhad reportedly held a 49% stake in Empire Resorts Incorporated since November 2019, while the billionaire chairman of the Kuala Lumpur-listed company, Lim Kok Thay, controls the remaining actions via its own Real estate Kien Huat investment branch. The Malaysian company reportedly used an official document to state that the upcoming cash injection will allow the subordinate to pay off debts and “strengthen its position and increase its presence in the market in the new York game market ”.

Fresh focus:

Genting Malaysia Berhad reportedly said he also intends to present programs that will allow World Catskills Resorts and her sister New York World Resorts property to ‘take advantage of synergies‘simultaneously launching’joint marketing initiatives‘with its recently opened Resorts World Las Vegas development.

Would have read a statement from Genting Malaysia Berhad …

“While the international travel market has shown signs of recovery, recent developments in the coronavirus continue to pose uncertainties prospects for the tourism, leisure and hospitality sectors. The regional gaming market is expected to remain difficult in the short term. “

Investor optimism:

Genting Malaysia Berhad reportedly disclosed that the new capital injection was also intended to enable Empire Resorts Incorporated to implement a long-term financing plan and achieve an optimal capital structure. This news would have been welcomed by a prominent credit rating agency Fitch Ratings Incorporated by shifting the outlook for the US casino operator from negative to stable and improved its rating by a notch to B +.

Alongside his trio of properties in the United States and Genting Malaysia Berhad would be responsible for large casino complexes in the Philippines, Singapore, Malaysia and the UK while simultaneously holding a substantial stake through its subsidiary Genting Hong Kong Limited in the cruise ship operator Starry cruises.


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Terry Glebocki resigns as CEO of Ocean Casino Resort https://jelato-donna.com/terry-glebocki-resigns-as-ceo-of-ocean-casino-resort/ https://jelato-donna.com/terry-glebocki-resigns-as-ceo-of-ocean-casino-resort/#respond Tue, 12 Oct 2021 09:19:30 +0000 https://jelato-donna.com/terry-glebocki-resigns-as-ceo-of-ocean-casino-resort/ Ocean Casino Resort CEO Terry Glebocki has resigned from his post after his two-year tenure at the resort town of Atlantic City. Over a year ago, four of Atlantic City’s nine casinos were run by women, with Glebocki’s departure reducing the number of female casino bosses. With three decades of financial management experience, Glebocki has […]]]>

Ocean Casino Resort CEO Terry Glebocki has resigned from his post after his two-year tenure at the resort town of Atlantic City.

Over a year ago, four of Atlantic City’s nine casinos were run by women, with Glebocki’s departure reducing the number of female casino bosses.

With three decades of financial management experience, Glebocki has navigated Ocean’s path to financial stability; helping the casino return to profitability, Glebocki put the casino’s finances in order.

For the first six months of this year, Ocean posted gross operating profit of nearly $ 25 million, compared to an operating loss of $ 12.4 million for the same period in 2020.

The casino said: “Terry joined Ocean on the verge of bankruptcy and is leaving the property as a premier resort in Atlantic City.

In an interview with Game america at the start of the fiscal year, Glebocki explained his goal of reorganizing the casino, which began life as Revel.

She said: “I had the opportunity to work for a company that no one had ever heard of. They were going to build it from scratch and I thought this was my chance to make my mark.

“It was a scary decision because they had nothing but a giant piece of sand on the boardwalk. They had no funding and everything was so uncertain. It ended up being quite a trick.

The casino did not give a reason for Glebocki’s departure, which was announced to staff on Monday morning, and declined to comment further.


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GGRAsia – Club Cubic ex-op says he asked CoD for rent concessions https://jelato-donna.com/ggrasia-club-cubic-ex-op-says-he-asked-cod-for-rent-concessions/ https://jelato-donna.com/ggrasia-club-cubic-ex-op-says-he-asked-cod-for-rent-concessions/#respond Mon, 11 Oct 2021 01:53:31 +0000 https://jelato-donna.com/ggrasia-club-cubic-ex-op-says-he-asked-cod-for-rent-concessions/ Club Cubic ex-op says he asked CoD for rent concessions October 11, 2021 News desk Industry Talk, Latest News, Macau &nbsp Hong Kong-listed Luk Hing Entertainment Group Holdings Ltd, which until Friday was the designated operator of Club Cubic nightclub (photo on file) at the City of Dreams (CoD) casino complex in Macau, said in […]]]>

Club Cubic ex-op says he asked CoD for rent concessions


Hong Kong-listed Luk Hing Entertainment Group Holdings Ltd, which until Friday was the designated operator of Club Cubic nightclub (photo on file) at the City of Dreams (CoD) casino complex in Macau, said in a file that night, she had stopped doing “because of differences between City of Dreams and the group”.

“The group is seeking legal advice regarding its rights in the aforementioned case,” the file added.

Luk Hing said he “tried to get in touch with City of Dreams Resorts Ltd, the cooperative partner of Club Cubic Macau, for rent reductions or concessions, but the result was not very successful. “.

City of Dreams Macau, on Cotai, operates under the gaming license of Melco Resorts and Entertainment Ltd, a listed company in the United States.

Luk Hing said in his announcement that due to the Covid-19 pandemic, the operation of Club Cubic has been “significantly and negatively affected by lockdowns, business closures and social distancing measures, resulting in loss of income or slower income growth ”.

The record indicated that for the six months up to June 30 – as noted in Luk Hing’s interim report published in August – Club Cubic had accounted for “around 17% of the group’s total revenue” for the period.

The company said its other businesses, including a nightclub in Zhuhai in mainland Guangdong Province, and catering businesses in Hong Kong, remain in “normal operation and are unaffected” by the company’s exit. of Club Cubic activity at City of Dreams Macau. .

Earlier on Friday, Melco Resorts said in a statement that it was take over management Club Cubic that day and would close, then reopen, under a new name.

Currently, entertainment venues in Macau, including nightclubs, are closed as a Covid-19 countermeasure, by order of the city government, following recently confirmed Covid-19 infections.




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Las Vegas ready for another casino hotel https://jelato-donna.com/las-vegas-ready-for-another-casino-hotel/ https://jelato-donna.com/las-vegas-ready-for-another-casino-hotel/#respond Sat, 09 Oct 2021 19:14:29 +0000 https://jelato-donna.com/las-vegas-ready-for-another-casino-hotel/ Las Vegas, the city with the most hotel rooms in the country, is about to add another casino hotel to its list. The Clark County (Nev.) Commission voted 6-1 this week to approve plans for the Dream Las Vegas, a 20-story casino hotel to be built on the south end of the Las Vegas Strip. […]]]>

Las Vegas, the city with the most hotel rooms in the country, is about to add another casino hotel to its list.

The Clark County (Nev.) Commission voted 6-1 this week to approve plans for the Dream Las Vegas, a 20-story casino hotel to be built on the south end of the Las Vegas Strip.

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It would become the closest hotel physically to McCarran International Airport, according to the Las Vegas Review-Journal.

Only Commissioner Ross Miller of the seven committee members voted no, citing this very proximity to McCarran and saying whether Las Vegas should “allow casino hotels directly above our airport.”

The 527-room, $ 500 million project looks to pave the way by the middle of next year with a completion date of 2024.

Developers David Daneshforooz, managing director of real estate firm Contour, and Bill Shopoff, founder of Shopoff Realty Investments, say they believe in the concept smaller than the 2,000- and 3,000-room behemoths higher on the Strip.

However, the project still faces obstacles. Since it is so close to the airport, the plans for the hotel must have been sent to the FBI, the Department of Homeland Security and the Secret Service.

According to the Review-Journal, the Transportation Security Administration published an assessment indicating that the project is located near an area of ​​the airport “used for high-level personnel, special operations and the parking of military planes.” , and that the complex “would increase the risk to both planes and passengers due to active shooters and the possibility of throwing objects over the fence intended to cause harm” to people and planes, according to the documents. County.

Additionally, airlines such as Southwest, Delta, American and United have all raised concerns about the project, citing issues such as illegal drone activity, lasers, lighting and billboards. which “could potentially be a source of flash blindness”.

The designers of the Dream Hotel introduced a series of dramatic changes from the original proposal at the county commission meeting to address concerns.


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Jamaica launches application process to develop integrated resorts https://jelato-donna.com/jamaica-launches-application-process-to-develop-integrated-resorts/ https://jelato-donna.com/jamaica-launches-application-process-to-develop-integrated-resorts/#respond Fri, 08 Oct 2021 11:54:58 +0000 https://jelato-donna.com/jamaica-launches-application-process-to-develop-integrated-resorts/ T he Government of Jamaica announced that the process for interested investors to submit Integrated Complex Development (IRD) proposals has started. Requests for the operation of the approved IRD have been open since Wednesday October 6, as the government strengthens its strategies for attract investment in casino games in the countryside. Minister of Finance and […]]]>

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he Government of Jamaica announced that the process for interested investors to submit Integrated Complex Development (IRD) proposals has started. Requests for the operation of the approved IRD have been open since Wednesday October 6, as the government strengthens its strategies for attract investment in casino games in the countryside.

Minister of Finance and Civil Service, Nigel Clarke explained that under the Casino Gambling Act, the Minister in charge of Finance can issue an order declaring the approval of an integrated resort development.

“This will allow the developer to then file an application with the Casino Gaming Commission for a license under the law to operate a casino at this resort complex,” he said in a statement to the House. representatives on Tuesday, October 5. .

The law on casino games was passed by the Houses of Parliament in March 2010 and entered into force in June 2010 to facilitate Jamaica’s entry into the casino gaming industry and subsequent regulation.

One of the main objectives of the Act is to encourage the establishment of integrated resorts, which consists of a mix of various tourist amenities and facilities in the same area including, but not limited to hotels, hotel rooms, villas, casino, attractions, sports facilities, entertainment facilities, service centers and shopping centers.

Clarke noted that the changes, which were made to the casino gaming law earlier this year to change the requirements for the designation of an integrated resort, are “Aimed to improve the regime and make it more attractive to potential investors, and in so doing, attract and increase foreign direct investment (FDI) in Jamaica.”

” For the moment, there is no operating casino in Jamaica despite the fact that we have had this legislation since 2010. It is our intention, with the initiation of this process, that Jamaica will eventually have a casino gaming complex, and it is also our intention to attract hundreds of millions, if not billions of dollars of investment in Jamaica via this means, ”he said.

He pointed out that changes to the requirements to be designated as an integrated resort include the establishment of 1,000 hotel rooms, which has been reduced from the previous requirement of 2,000 rooms; that five hundred of the rooms built must be designed and implemented as luxury rooms; and there is a minimum capital investment for an integrated resort development of US $ 500 million.

In addition, another important change included is that all elements of the approved integrated complex development must be built and operational within three years of the start of the operation of any casino activity on the development, and that the non- compliance will result in a penalty, “he said.

Waiting for, Clarke advised that the application process and selection of approved integrated resort developments will be managed by a 10 member corporate team., chaired by Dr Dana Dixon, which he named last month.

Application documents and a summary of the key specifications of the tender can be obtained from the website of the Ministry of Finance and Planning at www.mof.gov.jm.


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