Industry Leaders Weigh In on Canada's National Sports Betting Ad Standards Bill

Industry Leaders Weigh In on Canada's National Sports Betting Ad Standards Bill

By Michael Harrison

November 22, 2024 at 05:17 PM

MGM Resorts plans to construct a micro-sphere resort called The Island in Dubai, featuring 1,500 rooms on the 26-acre Bluewaters Island development. This expansion marks their continued growth in the Middle East market.

Analysts confirm MGM Resorts International maintains strong financial positioning to execute multiple casino hotel projects in the medium term, with access to necessary capital resources.

Star Entertainment has sold its Brisbane Treasury Building lease following the casino's closure, while Melco Resorts' Lawrence Ho launches his second SPAC IPO. In the Philippines, casino owners dominate the country's wealth rankings.

MGM continues its Asian expansion with a new hotel in China, while Manila casinos expect to benefit from increased air traffic with South Korea's Incheon International Airport. The company's online gaming initiatives could potentially improve their credit outlook.

Brazil's lawmakers have approved an integrated resort casino bill, while Codere announces its fifth restructuring, reducing debt by 92%.

Century Casinos is considering selling its two-thirds stake in Casinos Poland and may explore share buybacks, according to analyst reports.

Thailand is evaluating a potential casino resort in Songkhla near the Malaysian border, while Entain stabilizes operations but closes Crystalbet. Former Rank Group CEO Henry Birch is being considered for Entain's leadership.

Flutter shareholders have approved moving their primary listing to the NYSE, and Melco Resorts expands into Sri Lanka through a new partnership.

Galaxy Macau has announced plans for a new high-end luxury boutique hotel opening next year. Malaysia's government denies reports of considering a casino near Singapore.

Ukraine's President Zelenskyy has restricted iGaming access to address military betting addiction. In Australia, a casino incident led to arrests after millions were mistakenly distributed to recipients.

South Korea has announced a $1.85B expansion of Kangwon Land Casino Resort, while Bloomberry resolves a decade-old contract dispute for $300M. Resorts World Genting has closed two casinos at its Malaysia location.

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