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Sunday July 3, 2022 8:58PM
The Latest in snow lake capital
By Julie Moraine
Business

MGM China Has No Plans for Company Restructuring

January 8, 2021

MGM China, following a statement from its parent company MGM Resorts in response to a letter sent by the Chinese subsidiary’s largest public shareholder Snow Lake Capital, released a statement of its own, claiming the company has no plans for ownership restructuring. Open Letter to MGM Resorts The letter from Snow Lake Capital which holds […]

MGM China Has No Plans for Company Restructuring
By Julie Moraine
Business

Snow Lake Capital Urged MGM Resorts to Sell 20% in MGM China

January 7, 2021

MGM Resorts would achieve synergies and ensure a retendering of the MGM China concession in Macau if it sells a 20% stake from its Chinese subsidiary to a strategic partner from the internet or travel and leisure industries in China, Sean Ma, Founder and CEO of Snow Lake Capital investment fund wrote in a letter […]

Snow Lake Capital Urged MGM Resorts to Sell 20% in MGM China
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By Heidi Specter

Philippine Gaming Operators Involved in Prostitution Ring

Staff members of online gambling operators in the Philippines have been arrested for their involvement with prostitution rings. POGOs Caught with Prostitutes Over the course of the past month, three raids were carried out by the National Bureau of Investigation on prostitution dens that provide services to staff members of the Philippine Gaming Offshore Operators […]

By Simon Deloit

MGM To Pay $735M as Part of Settlement for Las Vegas Shooting

MGM agrees to compensate victims of the 2017 Las Vegas mass shooting. Between $735 million and $800 million to be paid in 2020. Gaming and hospitality providers urged to bolster security measures. After a lengthy legal process, renowned casino operator MGM Resorts International has finally agreed to a financial settlement with most of the survivors […]

By Mike Johnson

Haven Gaming to Build Danville Casino in IL

Haven Gaming LLC feeling strong about a Danville casino project The Midwest lacks a high-quality casino resort, the company believes Gambling demand grows despite falling results   Haven Gaming LLC is pushing boldly ahead with a new elite casino resort in Danville. The company hopes to establish a new elite casino resort in the area. […]

By Heidi Specter

Illegal Gambling Crackdowns Intensify in the United States

Police departments in the United States have recently ramped up their efforts to crack down on illegal gambling operations in the country. Thanks to these recent crackdowns, there are now significantly fewer gambling operations. Other people may eventually move in to fill the void left behind by the illegal gambling kingpins but it will definitely […]

By Mike Johnson

Mobile Betting Arrives in Indiana with Rush Street Interactive

Indiana to welcome first mobile betting sportsbook with Rush Street Interactive RSI is teaming up with French Lick Resort for digital wagering The Indiana Gaming Commission yet to approve the welcome bonus Rush Street Interactive has teamed up with French Lick Resort and applied for a mobile betting license in Indiana. The Indiana Gaming Commission […]

By Mike Johnson

Blizzard Explains WoW Classic Beta Rumors

WoW Beta available to Blizzard employees No confirmation for a public/closed beta made yet Blizzard are ensuring that the game will hold up well at launch date More news to follow soon, says community manager Bornakk World of Warcraft’s Classic Beta is already happening, but unfortunately, it’s limited to Blizzard employees only, a new blue […]

By Rachael Price

Swiss Casinos Group Partners with Playtech

Playtech ventures into Swiss gambling market with Swiss Casinos Group. Playtech to offer games and supporting software to the casino operator. Amended Swiss gambling law locks out unauthorized international gaming companies. On Thursday, London-listed gaming technology provider Playtech officially launched its first live casino offering in Switzerland. This venture was made possible through a partnership […]

By Simon Deloit

Mobile Sports Betting Finally Coming to Indiana

On September 1, retails sports betting debuted in Indiana and since then a lot of anticipation has built up with regards to mobile sports betting. Well, beginning October 3, sports bettors in Indiana will finally be able to place bets on their favorite sports and teams. On Wednesday, September 15, the Indiana Gaming Commission announced […]

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