Define success in your own terms, achieve it by your own rules,
and build a life you're proud to live.
—Anne Sweeney
23rd March 2018  
The Story

As soon as news broke out that embattled Wynn Resorts founder Steve Wynn will be divesting his entire stake, Galaxy Entertainment Group (GEG) announced that it will be buying 5.3 million Wynn Resorts shares worth $927.5 million.


GEG is not the only buyer that waited for Steve Wynn's divestment.

Wynn Resorts said two other “long-term institutional investors” have agreed to buy Wynn's remaining 8 million shares for $175 per share. Asked on why they dived into buying the shares, GEG Vice Chairman Francis Lui said that it posed a “unique opportunity to acquire an investment in a globally recognized entertainment corporation with exceptionally high quality assets and a significant development pipeline.” The sale of shares from GEG and other companies effectively wiped out Wynn's ownership in the company and closed a tumultuous chapter that began when sexual impropriety allegations were hurled against the one-time King of Las Vegas.


Betting on Football 2018 Day Two Recap

Football legend Ruud Gullit's appearance and a CEO affiliate panel were the highlights of the second day of the Betting on Football Conference 2018 at the Stamford Bridge in London.


Teen exposes security vulnerability in Ledger hardware wallet

Teen digital security expert Saleem Rashid has debunked Ledger's ‘tamper-free’ hardware wallet after discovering that compromised firmware can be loaded in the wallet.

Philippine justice department issues lookout order vs. Kazuo Okada

With the order, the Japanese casino mogul will have to secure an Allow Departure Order (ADO) from the Philippine Justice secretary before he can leave the country.

Japan may see first integrated casinos in 2026, analysts say

Analysts said that the fate of Japan's integrated casinos is in the hands of lawmakers who have yet to enact the much-needed pieces of legislation fleshing out the specifics of the Integrated Resorts (IR) Implementation Bill.

West Virginia ready to allow sports betting within 90 days: lottery director

The West Virginia Lottery Commission vowed that it will be able to facilitate sports betting immediately should the U.S. Supreme Court decide to strike down the controversial Professional and Amateur Sports Protection Act (PASPA) of 1992.

Dead daily fantasy sports measure springs to life in Georgia

Lawmakers are hoping that 2018 could be the year that daily fantasy sports will be legalized in the state after a similar bill failed to pass last year.


In 2011, Blackjack player Don Johnson defeated three Atlantic City casinos for over $15 million: Tropicana by nearly $6 million, Borgata by $5 million, and Caesars by $4 million. Since then, he has been banned from playing in Caesars.


Juegos Miami delegates to get unique access to regulators

Juegos Miami will bring in regulators from Argentina, Brazil, Chile, Colombia, Mexico, Paraguay, Peru and Uruguay so that C-level gaming executives can learn about the issues of concern and the market dynamics in the said jurisdictions.

Calling those who are interested in the prospect of building integrated resorts in Japan! The Japan Gaming Congress, which will be held on May 10 and 11 in Tokyo, will have four themes zeroing in on the complexity of IRs in the country.
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