GIC buys majority stake in Mediterranean luxury resorts group as travel recovers

BENGALURU – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, has bought a majority stake in Sani/Ikos Group (SIG) in a deal that values the Mediterranean luxury resorts operator at 2.3 billion euros (S$3.2 billion), both companies said in a joint statement on Thursday (Sept 22). The deal comes as travel recovers […]

Crown Resorts taps Wynn Macau COO as CEO after Blackstone takeover

BENGALURU (REUTERS) – Australian casino operator Crown Resorts on Thursday (July 7) named operations head of Wynn Macau, Ciarán Carruthers, as its chief executive officer, replacing Steve McCann weeks after its US$6.3 billion (S$8.85 billion) takeover by private equity Blackstone. Mr McCann, after taking over the top job in June last year, had led the […]

Melco Announces Extension of Macau Gaming Subconcession to December 31, 2022

MACAU, June 23, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — Melco Resorts & Entertainment Limited (Nasdaq: MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that on June 23, 2022, Melco Resorts (Macau) Limited (“Melco Resorts Macau”), a subsidiary of the Company, and Wynn Resorts (Macau) Limited (“Wynn Resorts […]