SkyCity Entertainment Group is continuing discussions regarding a potential sale of the entire company, despite rejecting two prior takeover offers. The New Zealand-listed casino operator stated that previous bids from Oaktree Capital Management and Iris Capital undervalued the business. SkyCity remains open to further sale talks.
Summary based on reporting by Yogonet, which retains all rights to its text and images.
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Maverick Washington LLC has warned that eight of its casinos in Washington state could close by November 30, potentially impacting 850 jobs. This action is part of bankruptcy proceedings, though the company indicates new operators could still take over the properties.
Century Casinos is selling its Century Mile Racetrack and Casino and Century Downs Racetrack and Casino operations in Alberta, Canada. Highfield Investment Group will acquire these properties for $16.4 million, allowing Century Casinos to enhance its financial flexibility and focus on core US assets.
Genting Casinos has announced the closure of its land-based venue in Coventry, citing commercial pressures impacting the land-based casino sector. The company deemed the Coventry establishment, which opened in 2012, no longer commercially viable.
Genting Casinos has closed its Coventry Casino, citing that the venue is no longer commercially viable due to rising sector pressures. The operator indicated that more casino closures could occur if Machine Games Duty increases.
Tranchant and Grand Casino Basel have opened the Grand Casino Prilly in Switzerland. The new A-licence casino features 280 slot machines and eight table games, becoming the 21st casino in Switzerland.