Casino Magic Corporation: Difference between revisions
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'''Casino Magic Corporation''', commonly known as '''Casino Magic''', is an Indorian {{wpl|gambling|gaming}} and {{wpl|Hospitality industry|hospitality}} operator based in Port Amanda, Indora. As of 2016 the company | '''Casino Magic Corporation''', commonly known as '''Casino Magic''', is an Indorian {{wpl|gambling|gaming}} and {{wpl|Hospitality industry|hospitality}} operator based in Port Amanda, Indora. As of 2016 the company owns and operates 7 facilities in 2 counties and manages one facility in the Alexandrian-Prussian Antilles. Casino Magic owns Holiday Travel Group, a leisure travel group and Magic Entertainment and Resorts Company, an amusement and entertainment company. | ||
In October 2015 a majority of the company was purchased by [[the Metro Court Montecito Group]], an Alexandrian-Prussian global hospitality and entertainment conglomerate, although its remaining shares continue to be traded on the Port Amanda Stock Exchange. | In October 2015 a majority of the company was purchased by [[the Metro Court Montecito Group]], an Alexandrian-Prussian global hospitality and entertainment conglomerate, although its remaining shares continue to be traded on the Port Amanda Stock Exchange. | ||
==History== | ==History== | ||
On September 12, 2016 it was announced that its Chairman, President, and CEO, Marlin F. Torguson, would retire as | |||
On September 12, 2016, it was announced that its Chairman, President, and CEO, Marlin F. Torguson, would retire as President and CEO at the end of September but would remain as the company’s Chairman. He was replaced by Anthony Benson. | |||
==Properties== | ==Properties== | ||
====Resort and Casino Brands==== | ====Resort and Casino Brands==== | ||
Revision as of 16:12, 1 April 2019
 | |
| Public | |
| Traded as | PASE: CMC |
| Industry | Gaming, Hospitality, Tourism |
| Founded | 1992 |
| Headquarters | Port Amanda, Indora |
Key people | Marlin F. Torguson (Chairman) Anthony Benson (President and CEO) |
| Products | Casinos, Hotels, Entertainment, Resorts |
| Revenue |  IN$2,742.25 million (2015) |
| IN$499.58 million (2015) | |
| IN$242.35 million (2015) | |
| Total assets | IN$4.606 billion (2015) |
| Total equity |  IN$1.971 billion (2015) |
Number of employees | 16,740 (December 2015) |
| Parent | The Metro Court Montecito Group(85%) Public float (15%) |
| Subsidiaries | Holiday Cruises ME&R |
| Website | www.casinomagic.com |
Casino Magic Corporation, commonly known as Casino Magic, is an Indorian gaming and hospitality operator based in Port Amanda, Indora. As of 2016 the company owns and operates 7 facilities in 2 counties and manages one facility in the Alexandrian-Prussian Antilles. Casino Magic owns Holiday Travel Group, a leisure travel group and Magic Entertainment and Resorts Company, an amusement and entertainment company.
In October 2015 a majority of the company was purchased by the Metro Court Montecito Group, an Alexandrian-Prussian global hospitality and entertainment conglomerate, although its remaining shares continue to be traded on the Port Amanda Stock Exchange.
History
On September 12, 2016, it was announced that its Chairman, President, and CEO, Marlin F. Torguson, would retire as President and CEO at the end of September but would remain as the company’s Chairman. He was replaced by Anthony Benson.
Properties
Resort and Casino Brands
Aladdin Resort & Casino — Port Celebration, Alexandria-Prussia
Coco Bongo Hotel Casino & Spa — Port Celebration, Alexandria-Prussia (management only)
Casino Magic
- Casino Magic Port Amanda — Port Amanda, Indora
- Casino Magic St. Clair — St. Clair, Indora
- Casino Magic Weatherstone — Weatherstone, Indora
- Casino Magic Christiania — Christiania, Manchukuo
- Casino Magic Glasgow — Glasgow, Scotland
Majestic Star Hotel & Casino — Nantes, Brittany, Indora
- Majestic Star I (Casino Boat)
- Majestic Star II (Casino Boat)
Other significant investments
Holiday Travel Group
Holiday Travel Group, is an Indorian leisure travel group headquartered in XXX, XXX. It owns a travel agency, an airline and a cruise line.
It began as alone travel agency in 1970s and started aggressively expanding in the late 1980s through the early 1990s. Holiday announced the establishment of Holiday Cruises in the late 1990s, which would have three newly built ships all of which would operate as "all-inclusive", where some extras, such as alcoholic beverages, would include in the cruise price. Holiday then established Holiday Air in 2003 and started operations on June 23, 2003 with its inaugural flight to XXX, XXX, from XXX.
In 2006, Holiday Travel Group, was purchased by Casino Magic. In 2019, Casino Magic sold a 49% stake in Holiday to Crown Cruises Ltd., retaining a 51% stake.
- Holiday Cruises
- Grand Holiday (completed 1999) - 46,052 tons / 1,452 passenger berths + 660 crew
- Grand Jubilee (completed 2000) - 47,262 tons / 1,486 passenger berths + 670 crew
- Grand Celebration (completed 2001) - 47,262 tons / 1,496 passenger berths + 670 crew
- Holiday Air
Magic Entertainment and Resorts Company
Magic Entertainment and Resorts Company is an Indorian amusement and entertainment company located in Clairton, Indora. It operates three amusement parks in Indora. The company was established in 2004 as subsidiary of the Casino Magic, after it acquired World of Adventure from Funtime Inc for IN$145 million. In 2007 ME&R announced that it acquired two amusement parks (XXX and XXX) from Standard Amusements, LP for IN$330 Million.