Paul Butcher

  • Caesars’s VICI Properties Rejects MGM Growth Properties Bid

    Caesars’s VICI Properties Rejects MGM Growth Properties Bid

    January 19, 2018
    VICI Properties, the real estate investment trust (REIT) that manages the properties of Caesars Entertainment Corp has decided to turn down the offer made by another REIT, MGM Growth Properties. James Abrahamson, VICI chairman and Edward Pitoniak, VICI chief executive referred to the original January 5 offer as non-binding and unsolicited. REITs are not required ...
  • Wynn Macau Security Under Scrutiny After Thief Steals Casino Chips

    Wynn Macau Security Under Scrutiny After Thief Steals Casino Chips

    January 18, 2018
    Casinos all over the world have stepped up their security measures after two major incidents occurred in 2017. Macau, the biggest gambling hub in the world has seen its casinos conduct security drills and train their staff to deal with terror related incidents. Wynn Macau became the first casino in 2018 to be impacted by ...
  • MGM Cotai Grand Opening Pushed Back Due To Technical Checks

    MGM Cotai Grand Opening Pushed Back Due To Technical Checks

    January 17, 2018
    The $3 billion MGM Cotai casino resort in Macau was scheduled to open on January 29, 2018. Chief Executive Officer of MGM China Grant Bowie announced this week that MGM Cotai will not open in Jan as the company was still in the process of carrying out some technical checks. The opening has been pushed ...
  • Chinese Regulations Predicted To Slow Down Macau VIP Gambling In 2018

    Chinese Regulations Predicted To Slow Down Macau VIP Gambling In 2018

    January 16, 2018
    Macau’s casino industry finally reported an increase in its gross gaming revenue (GGR) in 2017 after a three-year consecutive decline. While hopes are up for this growth to spill over into 2018, gaming analysts are saying that the VIP market will slow down significantly in the second half of 2018. In a note released by ...
  • Solaire Resort & Casino Land Put Up For Auction By PAGCOR

    Solaire Resort & Casino Land Put Up For Auction By PAGCOR

    January 15, 2018
    The Philippine Amusement and Gaming Corporation (PAGCOR) which is the gaming regulator in the country recently announced that they will be auctioning off the two plots of land where the Solaire Resort and Casino stand. This is the second attempt to sell these two parcels of the land. Back in November 2017, PAGCOR announced an ...
  • Melco International Announces 2021 Opening Of Cyprus Casino Resort

    Melco International Announces 2021 Opening Of Cyprus Casino Resort

    January 11, 2018
    Melco International Development Co. Lt announced this week that their casino project located in the Republic of Cyprus will open its doors to the public in the early part of 2021. The site's location will be in Limassol, a coastal city in the southern part of the Mediterranean island. Melco International is leading a consortium ...
  • MGM Springfield Casino On Track For September 2018 Opening

    MGM Springfield Casino On Track For September 2018 Opening

    January 10, 2018
    MGM Springfield casino broke ground in Springfield, Massachusetts nearly three years ago and construction work on the 14.5 acre casino resort property is finally in its last phase. MGM Resorts International has announced that the MGM Springfield facility will open its doors to the public in September 2018. MGM Resorts is investing close to $960 ...
  • Okada Manila Expected To Boost Philippine Casino GGR In 2018

    Okada Manila Expected To Boost Philippine Casino GGR In 2018

    January 8, 2018
    International brokerage Morgan Stanley predicts that gross gaming revenue (GGR) in the Philippines will continue to grow in 2018 and expects more than fifty percent of this growth to come from the latest casino to open which is Okada Manila. Developed by a unit of Japan’s Universal Entertainment Corp, Okada Manila soft launched in the ...
  • Landing International Postpones Jeju Shinhwa World Casino Opening

    Landing International Postpones Jeju Shinhwa World Casino Opening

    January 4, 2018
    The South Korean Jeju Shinhwa World Casino has its opening delayed, according to its promoter. The foreigner-only casino gets its name from where it's located, which is South Korea's Jeju Island. The confirmation came from the casino's promoter, Landing International Development Ltd which is based out of Hong Kong. Landing International had earlier announced that ...
  • Macau, Philippine Casino Operators Witnessed Strong Growth In 2017

    Macau, Philippine Casino Operators Witnessed Strong Growth In 2017

    January 3, 2018
    Asian gambling operators have been posting big returns for 2017. Casino operators who had operations in Macau and the Philippines had a great year as their stocks witnessed a strong surge in growth. Compiled from the data gathered by investment research firm Morningstar Inc., the report shows that the region's casino operators experienced solid growth, ...
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