Industry Reaction: Canada's New National Sports Betting Ad Standards Bill

Industry Reaction: Canada's New National Sports Betting Ad Standards Bill

By Michael Davidson

November 22, 2024 at 05:17 PM

MGM Resorts shares plans for The Island, a new 1,500-room resort on Dubai's 26-acre Bluewaters Island. This development marks another step in MGM's global expansion strategy.

Financial analysts confirm MGM Resorts International (NYSE: MGM) has sufficient capital resources to execute multiple casino hotel projects over the medium term, strengthening their market position.

Star Entertainment sold its Brisbane Treasury Building lease following the casino's closure, while Melco Resorts' Lawrence Ho launches his second SPAC IPO, demonstrating continued market activity in the Asia-Pacific region.

Philippine casino owners dominate the country's wealth rankings, as MGM Resorts International expands its presence in China with a new hotel opening.

Manila casinos are expected to benefit from increased air traffic connections with Seoul's Incheon International Airport, while MGM's online gaming initiatives could positively impact their credit rating.

Brazil's lawmakers approved an integrated resort casino bill, marking a significant step in the country's gaming industry development. Meanwhile, Codere announced its fifth restructuring, aiming to reduce debt by 92%.

Century Casinos (NASDAQ: CNTY) is considering selling its two-thirds stake in Casinos Poland and may explore share buybacks. Thailand is evaluating a potential casino resort in Songkhla near the Malaysian border.

Entain stabilizes operations but closes Crystalbet, while former Rank Group CEO Henry Birch is considered for the Entain position. Flutter shareholders approved the primary listing move to NYSE.

Melco Resorts continues global expansion through a Sri Lanka partnership, and Galaxy Macau announces a new high-end luxury boutique hotel opening next year.

Malaysia's government denies reports of casino considerations near Singapore, while Ukraine's President Zelenskyy restricts iGaming access to address military betting addiction concerns.

An Australian casino's payment error led to arrests of recipients, and South Korea announced a $1.85B expansion of Kangwon Land Casino Resort.

Bloomberry resolves a decade-old contract dispute for $300M, and Resorts World Genting closes two casinos at its Malaysia resort.

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