Gambling Business: Macau Casino Magnate to Open Russian Casino, More
Macau gambling mogul Lawrence Ho is extending his Melcro Crown casino empire to Russia's Far East. It will be the first well – known casino name in Russia’s Primorye gambling zone, after the country limited gaming to special zones in 2009. Read More at RT.com here.
Packer’s $1.5 Million Bet - The NSW government's decision on Thursday to wave through his proposed $1.5 billion luxury casino and hotel facility at Sydney's Barangaroo to the next stage of the protracted approval process all but guarantees Mr Packer's Crown casino shimmering logo will soon be a fixture on the Sydney skyline.
It is expected that shares in Echo Entertainment Group, owner of Sydney's only casino at Star City, could fall by as much a 5 per cent when the market opens on Friday as investors adjust their valuations. Read More at WAToday here.
SkyCity Deal Deadline Nears - It's third time lucky for the Government's convention centre deal with SkyCity, as yet another deadline for a final agreement arrives.
The negotiations over the $402 million centre - which will be fully funded by the casino operator in exchange for gambling concessions - were originally supposed to be completed by June 14. Read More at 3News.
GSIS buys shares in Philippines Casino - GSIS buys shares in casino operator State-run pension fund Government Service Insurance System has invested P800 million in Leisure & Resorts World Corp., which is building a new casino in Parañaque City.
Leisure & Resorts World said Thursday it raised P1.65 billion from the sale of preferred shares to investors, including GSIS.
- Aaron Goldstein, Gambling911.com
