Hispanosenusa

Month: December 2024

MGM Resorts International urged to sell portion of MGM China Holdings Limited stake

Business December 11, 2024 • Comments off

In Macau and a prominent investor in local casino operator MGM China Holdings Limited has reportedly urged the enterprise’s majority shareholder, MGM Resorts International, to sell up to 20% of its own stake to one of a number of Chinese enterprises.

According to a report from Inside Asian Gaming, Hong Kong-headquartered alternative investments firm Snow Lake Capital currently holds a 7.5% stake in MGM China Holdings Limited following a pair of late-2020 acquisitions that cost it in the region of $16.5 million. The source detailed that this backer’s founder, Sean Ma, has now penned an open letter to call on MGM Resorts International to dispose of a portion of its controlling interest in the firm behind Macau’s MGM Cotai and MGM Macau venues so as to ‘create a win-win transaction for all parties involved and deliver significant shareholder value to both companies’.

Expansion aspirations:

Las Vegas-based MGM Resorts Internati…

Play’n GO gains new audience via first-time direct integration with Nederlandse Loterij

Business December 11, 2024 • Comments off

Following the launch of its latest online slot title and Play’n GO has partnered with Nederlandse Loterij, the largest provider of games of chance in the Netherlands.

Under the agreement, the Dutch Lottery’s players will be able to access the supplier’s award-winning games via “direct technical integration” for the very first time.

Already popular in the Netherlands’ nascent iGaming market, titles from the Sweden-based provider such as the 5-reel video slot Super Flip from 2018, along with Book of Dead, Rise of Olympus and Gigantoonz, from the same family as one of the best grid slots of all-time, Reactoonz, will soon be experienced by a whole new audience.

Natural partners:

Explaining that the newly-regulated Dutch market is “one of the most exciting in the industry right now,” Stuart Trigwell, Head of Sales Western Europe for Play’n GO, said they are “looking forward to bringing f…