Gaming Industry News - Development

Baha Mar Ltd. announced that Global Gaming Asset Management (GGAM has been retained to manage the Baha Mar Casino & Hotel, the centerpiece of the $3.5 billion Baha Mar integrated destination resort in The Bahamas, scheduled to open in December 2014.

The Eurasia project intends to focus on providing spectacular, world-class entertainment concepts at a mega resort that complements and extends Las Vegas' various market offerings.

The Pennsylvania Gaming Control Board today unanimously approved the request by the operator of SugarHouse Casino in Philadelphia to modify a previously approved-development plan of the facility.

MGM National Harbor, a subsidiary of MGM Resorts International (NYSE: MGM), today filed a proposal for a license from the State of Maryland Video Lottery Facility Location Commission to develop a world-class destination resort in Prince George's County.

Masaharu Morimoto, renowned Japanese chef and star of Food Networks 'Iron Chef America,' will bring his passion for cooking to the Las Vegas Strip with the opening of Morimoto Las Vegas, a new Japanese restaurant at The Mirage.

The property will be operated by Marriott International (NYSE: MAR) under a long-term agreement with DesarrollosHotelco Turks and Caicos Ltd., a group made up of prominent regional investors.

As part of this agreement, Hard Rock will make an equity investment in New Meadowlands Racetrack LLC, which extends to any projected future developments at the racetrack.

Apollo Management and TPG Capital to Invest $500 Million; Capital Raise Can Grow to $1.2 Billion

Founding Partners, Including Hersheys, Shake Shack and sbe, Join Project Anchored by Arena to be Developed in Conjunction with AEG - Preeminent Design and Construction Team Announced; Includes Cooper, Robertson & Partners, !melk, ICON and Marnell Architecture

CPL is the owner and operator of eight casinos throughout Poland with a total of 317 slot machines and 77 gaming tables. As of the nine months ended September 30, 2012, CPL had a 43% share of the Polish casino market and is currently participating in other pending license applications.