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’Genting buys into MGM Mirage
Genting, the Malaysian gaming group, has paid $100m for a 3.2% stake in MGM Mirage, firming a relationship that could lead to future deals in Macao and the US. Genting matched the $100m that Kirk Kerkorian,
Harrah’s pursues Gala casino deal
Harrah’s Entertainment, the US casino behemoth that owns London Clubs International, is understood to have made a tentative approach to Gala Coral Group, the betting and gaming operator, about the possibility of merging LCI with Gala Casinos,
Genting builds 10% Rank stake
Stakebuilding at Rank, the troubled UK gaming operator, is expected to prompt another bout of takeover speculation in the casino and bingo group after it emerged a rival company has built a 10% stake in the business,
Stanley Ho reportedly to take stake in Star Cruises
Macau casino mogul Stanley Ho could be poised to take a 10 per cent stake in Star Cruises, the fast growing cruise and gaming company controlled by Malaysia’s Genting Group.
The Straits Times reports the gaming magnate has been invited to take a stake in Singapore-listed Star Cruises,