Wynn, MGM drop talks about sale of Boston-area casino
![Wynn's $US2.6 billion Encore Boston Harbour resort is almost complete.](http://web.archive.org./web/20190523041944/https://www.afr.com/content/dam/images/h/1/d/3/m/0/image.related.afrIndexLead.320x210.p51qby.png/1558574604554.jpg)
MGM pulled out because it would have to pull out of its new opened Springfield property because of gaming regulations.
MGM pulled out because it would have to pull out of its new opened Springfield property because of gaming regulations.
Strong growth in the gaming machine maker's US and digital operations has helped it beat interim profit expectations.
Wynn is touting support for its management overhaul before a pending Boston regulatory decision seen as a crucial barrier to further Crown takeover talk.
If James Packer sells his casino business it will mark the end of an era for a family that has shaped Australia's corporate landscape for four generations.
Wynn Resorts may have terminated takeover talks with James Packer's Crown. But the case for putting the two companies together is only getting stronger.
Investors are betting a Crown Resorts buyout is still on the cards, but they must factor in medium-term strategic shifts as Japan opens up to its first casinos.
The beginning of the end of James Packer's Chinese dream came with the arrest of staff in 2016. Looking back, it was a major turning point for his entire future.
The country's most scrutinised and analysed billionaire has very different feelings about the city in which he grew up.
A capacity crowd of 42,000 will head to Sydney's Randwick on Saturday when Winx is scheduled to run her final race.
It's no bargain, but any deal to secure Crown would represent a different path for the Las Vegas casino group as it sets course without Steve Wynn's vision.
The rollercoaster ride for investors sitting alongside billionaire James Packer in Australia's biggest casino group shows no sign of ending.
Executives at Wynn Resorts actively concealed sexual harassment allegations against Steve Wynn, according to a state investigation into whether the company should be stripped of its gaming licence in Massachusetts.
The rise of gigantic “superstar” global firms is shifting the world economy closer to a winner takes all and more oligopolised market, writes John Kehoe.
All bets are off as Wynn shuts down Crown negotiations because the "preliminary deal" was revealed prematurely.
Billionaire James Packer holds the key to Wynn Resorts' $10 billion takeover proposal for Crown Resorts as it eyes its first deal outside the US and Asia.
His own habit nearly led to suicide - now, Cam Adair is helping other young men quit.
The sudden slowdown in gambling by big-money VIPs has also struck Sydney-based casino operator The Star Entertainment Group.
A sharp drop-off in revenue from VIP gamblers has seen James Packer's casino giant Crown Resorts report a much weaker than expected first-half profit.
Tabcorp is investing heavily in promotions and special offers to punters to hold its ground amid heavy competition, not to force other players out of the market, says chief executive David Attenborough.
A new alliance has emerged among some of billionaire Stanley Ho's 17 children in the decade-long family battle for his Macau casino empire, and eldest daughter Pansy looks the likely victor.
Chinese consumer sentiment is holding up and reports of a downturn in the gaming industry are "overracting" says Macau casino boss Lawrence Ho, who is optimistic about the coming Year of the Pig.
Illegal betting in Australia is growing 30 per cent faster then the legal market and is expected to top more than $2 billion by next year, according to a major study.
Tabcorp's investment in a film about Michelle Payne's Melbourne Cup win isn't about getting a financial return.
One of Australia's biggest corporate bookmakers says it will be punters, and not the bookies, who ultimately pay newly introduced point of consumption taxes.
Acquisitive Asian private equity firm iProsperity founder Michael Gu has snapped up a majority interest in ASX-listed Aquis Entertainment's Casino Canberra.
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