Casino & Betting News

MGM China public offering raises US$1.4bn

MGM China has raised approximately US$1.4bn from an initial public offering of 760 million shares.
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Tabcorp open to takeover?

Tabcorp's shareholders have voted overwhelmingly in favour of splitting Australian operator Tabcorp's wagering and casino businesses - leaving the demerged entities ripe for takeover.
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Pinnacle commits to Vietnam project

US operator Pinnacle Entertainment is to acquire a 26 per cent share of Asian Coast Development, the owner and developer of the Ho Tram Strip beachfront complex of integrated resorts in southern Vietnam.
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Penn takes over Vegas resort

US-based operator Penn National Gaming has gained access to the Las Vegas gaming market following the completion of its acquisition of the debt-ridden M Resort.
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Councillors to decide Bath casino licence

Local councillors are to decide next week which companies will progress to the next stage of bidding to be awarded a casino licence in the UK city of Bath.
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Illinois lawmakers resurrect casino bill

Despite looking likely to languish in committee, a bill to expand casino gaming in the US state of Illinois has overcome a major hurdle and will now be placed before the Senate for final approval.
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