NEWS & NOTES

Small Nuggets of News

Tracinda Corp., the private holding company founded by Kirk Kerkorian, has sold its remaining stake in MGM Resorts International, as instructed in the billionaire’s will. The sale of 27.2 million shares, equivalent to 4.8 percent of the company, was completed for an undisclosed sum. Kerkorian founded Las Vegas-based MGM in the 1990s and was its majority shareholder, through Tracinda, until 2009 and its largest individual shareholder, with a 16.2 percent stake, at the time of his death in 2015. • Caesars Entertainment has announced plans to celebrate its 30th anniversary this year as an industry leader in responsible gaming with a $1 million-plus donation to the National Center for Responsible Gaming and other third-party institutions working in the field. •. Machine gaming developer and manufacturer Sega Sammy Creation has won its first installation in Macau. An unnamed casino, “one of the most prominent” in the territory, the Japanese company said, will host two of its new titles: “Fortune Tiles of Dragon,” a mahjong-based game, and “Moonlight Treasure,” a three-by-five-reel game with 243 winning combinations and a free-game feature. • Genting Hong Kong Ltd., an operator of casino cruise ships and subsidiary of Malaysian casino operator Genting Bhd., has commissioned a second ship for its Dream Cruises segment; the first ship, currently in development, should be complete by 2021, and the second will b delivered by 2022. Both are “intended for the fast-growing Asian market,” said the company. The vessels are being built by the MV Werften of Germany, which is owned by Genting. • About 100 workers at SkyCity Casino in Auckland, New Zealand have been picketing the property demanding better rates for working “unsociable hours”—i.e., nights and weekends. The workers say they should get “penal” compensation rates for working these “unsociable” hours. The casino employs 900 people, almost all members of Unite Union. Ninety-seven percent voted for strike action at a union meeting in August. In Adelaide, Australia, SkyCity’s workforce already have these concessions with time and a half, double time and even triple time for unsociable hours.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.