Month: December 2024
Asian casino operator Summit Ascent Holdings announced a $200 million expansion of its Russian-integrated resort Tigre de Cristal earlierVenir de Tragamonedas Gratis Online. Last year, the COVID-19 pandemic and the Russian invasion of Ukraine postponed the development to ‘no earlier than 2025’. The Hong Kong-listed operator has filed a statement overnight to confirm that it may consider seeking ‘strategic local partners’ to operate the Vladivostok – located resort due to extended contingencies around its development.
Project Background:
Inside Asian Gaming reports that Summit Ascent released the latest project update following the last year’s suspension of Phase …
Read MoreAmerican land-based casino operator Bally’s Corporation has announced the signing of a binding agreement that will see it offload its two properties in the eastern state of Rhode Island to Gaming and Leisure Properties Incorporated for $1 billion in cash.
The Providence-headquartered firm used an official Tuesday press release to assert that the arrangement involving its 83-room Bally’s Tiverton Casino and Hotel and even larger Bally’s Twin River Lincoln Casino Resort venues remains ‘subject to customary regulatory approvals’ as well as lender consent on the latter enterprise. The company also disclosed that it subsequently intends to lease back the operation of the Rhode Island pair from Gaming and Leisure Properties Incorporated under a …
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