MENA NEWS

MANU shares soar as Ratcliffe seals game-changing acquisition

In a pivotal move for the iconic English soccer club, British billionaire Sir Jim Ratcliffe successfully acquired a 25 percent minority stake in Manchester United Ltd. (MANU). The announcement, made on Christmas Eve, revealed Ratcliffe's acquisition of Class B shares previously held by the American Glazer family, the club's owners, along with the option to acquire up to 25 percent of Class A shares.

Hollywood Casino reopens after technical hitch on Christmas Eve

n the night of Christmas Eve, Pennsylvania’s Hollywood Casino at Penn National Race Course encountered an unforeseen technical glitch that led to an abrupt closure, leaving patrons and visitors in surprise over Christmas.

M&A: Sir Jim Ratcliffe treats himself to a Christmas gift

Sir Jim Ratcliffe has finally secured a 25 percent stake in Manchester United for a staggering £1.2 billion. The completion of this unprecedented deal has been timely Christmas gift to himself.

DAZN secures major partnership with Sky UK

DAZN, the global OTT sports streaming giant, has revealed plans to go live on Sky UK's platform in 2024.

Dubai reconsiders casino plans while Abu Dhabi and Ras al Khaimah forge ahead

In the United Arab Emirates, a shift is emerging in the world of gaming and casinos. While the glitzy city of Dubai has opted to put its casino plans on hold, its neighbouring emirates of Abu Dhabi and Ras Al Khaimah are taking the lead in exploring the possibilities of introducing casinos within their borders.

Hong Kong Jockey Club expands World Pool after strong racing season

The Hong Kong Jockey Club (HKJC) has its sights set on expanding its successful World Pool offering for UK and Ireland races after a robust 2023 racing season. Despite a slight dip from the previous year, the HKJC generated an impressive HK$4.7 billion in turnover, marking a remarkable 19.6 percent year-on-year increase. Record turnover in…

Qatari Sheikh’s exit paves way for Sir Jim Ratcliffe’s bid for Manchester United

In the world of football's high-stakes power plays, the race to acquire one of the Premier League's most iconic clubs, Manchester United, had reached a dramatic turning point. It was a story of dreams, valuations and strategies that captivated fans and investors alike. Intriguingly, following a series of intense negotiations with the Glazer family, the long-standing owners of Manchester United, Qatar's Sheikh Jassim made a surprising announcement. He decided to step away from the tug-of-war to buy the club, marking a momentous shift in the club's ownership saga

Manchester United ownership saga: a patient waiting game

Sheikh Jassim bin Hamad al-Thani (pictured on the left) and Sir Jim Ratcliffe (pictured on the right with his brother Bob Ratcliffe) are willing to be patient in their efforts to buy Manchester United, as the process has now stretched to nearly 10 months since the Glazers indicated their intention to sell Manchester Football Club.

UAE Al Marjan Island’s integrated casino resort set to open in 2027

The issue of the inaugural license permitting casino operations within the UAE appears to be imminent, as indicated by Craig Billings, CEO of Wynn Resorts.

Qatari-owned Harrods to launch club in Shanghai this year

Harrods will open its first private members’ club in Shanghai later this year targeting ultra-high net worth individuals as the luxury retail company pins its growth hopes on China.  It is looking to diversify its portfolio and expand into the integrated entertainment sector. The new facility will be based in the historic area of Cha…