chumba casino loginMelco, which is already listed on the NASDAQ, controls a 60 percent stake in the casino complex.The IPO, however, might come at a poor time. (Image: GGRAsia)Board members of Melco Resorts signed off on delisting Melco Resorts Philippines, the latter which owns City of Dreams Manila in the capital’s Entertainment City. (Source: To Niagara)On Monday, the Ontario Lottery and Gaming Corporation (OLG) announced that MGE won the “Niagara Gaming Bundle Contract,” which includes the Fallsview Casino, Casino Niagara, and the under-construction Niagara Falls Entertainment Centre.MGE beat out high-profile rivals to win the rights to the contract, which starts next year. poker horseshoe casinoMacau casino stocks took a hit this week after new concerns over a potential slowing in the Chinese economy, and ongoing trade war concerns with the US, were highlighted by Deutsche Bank.The investment firm downgraded its 2019 gross gambling revenue forecast for Macau’s gaming industry from 11 to four percent.“While the tender price is at a premium to recent trading (as would be necessary to facilitate the tender), it is a 21 percent discount to the highest price reached.”The analysts believe eliminating the Philippines subsidiary from public trading also simplifies the company’s overall ownership structure, and will help pave the way for future expansion. Lawrence Ho wants to place ownership shares of Melco Resorts’ Studio City up for trading on NASDAQ. coolcat casino download

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