In a statement MGM Resorts International said, it would divests its stake in the Mirage hotel and casino in Las Vegas to Hard Rock International for about $1.08 billion in cash. The Mirage opened in 1989 and was acquired by MGM… Read More ›
Casino
French retailer Casino to sell off non-core assets worth $2 billion to reduce debt
This planned sales come on top existing plans to sell non-core assets worth 2.5 billion euros by the first quarter of 2020. On Tuesday, French supermarket retailer Casino stated, it plans on cutting its debt while improving its financial performance… Read More ›
From global to local: Casino Group brings retail up to date
Over the years, French retail organization Casino Group has deployed a meticulous strategy of customer segmentation. Each of its brands of supermarkets, convenience stores, and other businesses are tailored to the needs of their customer base and geography, complementing one… Read More ›
French supermarket retailer Casino to divest assets worth $567 million
The move is part of Casino’s debt-financing strategy. On Monday, Casino, a French supermarket retailer, stated it is in the process of divesting assets so as to slash its debts. It aims to sell 26 of its brick-and-mortar stores in… Read More ›
Casino teams up with L’Oreal as the duo ramp up their market presence to fight Amazon.com
Amazon.com’s acquisition of Whole Food Market Inc in 2017 have spurred spurred European retailers to boost their online offering so as to be in a better position to fight the world’s world’s largest online retailer. In a development that marks… Read More ›
Casino resorts are likely to attract big money in Japan
The global gambling industry’s focus is now on Japan where its potential is skyhigh. Among the forerunning in the race to win gambling licenses are U.S. operators MGM Resorts International and Las Vegas Sands Corp. Melco Resorts & Entertainment Ltd… Read More ›
Amazon looking to expand its footprint in France
Amazon is on the prowl in France. The online retailer aims at entering the country either theough the acquisition route or buying a stake in a French supermarket. French Newspaper Le Monde has reported citing sources familiar with the matter… Read More ›
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