Chilean casino operators again discussing the possibility of a merger
Renowned Latin American casino operator Enjoy SA could reportedly be about to merge with larger compatriot Sun Dreams SA so as to create an entity that would be responsible for a dominant 76% of the casino market in Chile.
According to a Wednesday report from the Bloomberg news service, the President for Santiago-headquartered Enjoy SA, Javier Martinez, revealed that he was made aware of the planned amalgamation late last week after receiving a call from a representative of his firm’s main creditors, Henry Comber Come from Sports betting site VPbet. The executive purportedly also detailed that an unspecified investment bank has already been hired to work out the particulars of an envisioned deal that would see thes…
Casinos in Detroit Post Disappointing Results for January
The results posted by Detroit’s three casinos in January marked one of the worst figures for the last decade, with the exception of the period during the pandemic. Data released by the gambling regulator in Michigan, the Michigan Gaming Control Board (MGCB), reveals that the total casino gaming revenue reported by the city’s three casinos last month halted at $93.9 million.
Month-over-month comparison to December 2023 when the revenue hit $111.4 million shows that in January, the casino revenue plummeted by 15.7%. Not unexpectedly, a year-over-year (YoY) comparison also showed a drastic decrease. In January 2023, the revenue reported by Detroit’s three casinos hit $103.4 million. This otherwise m…
Caesars Confirms Plans to Integrate Horseshoe’s Jubilee Tower
The famous and trusted gaming and entertainment company, Caesars Entertainment, confirmed its plans for a massive renovation of one of its Las Vegas Strip properties, Paris Las Vegas. On Monday, the company unveiled details regarding a renovation with a price tag surpassing $100 million. The ambitious plan will see the company integrate Horseshoe’s Jubilee Tower into Paris Las Vegas. Caesars confirmed that the new tower will be named Versailles Tower.
Representing an investment surpassing $100 million, the new Versailles Tower is expected to offer an all-new interior, as well as exterior. This overhaul will help deliver some 756 luxury guestrooms. Additionally, the renovation will bring a pedestrian bridge that helps connect the new Versailles Tower to the existing Paris Las…
Boyd Gaming’s Bill Boyd Exits Board of Directors
Bill helped co-found the company with his father Sam Boyd back in 1975 and has been an indelible part of its mission to transform itself into the leading gaming and hospitality giant, succeeding in both over the past decades.
Bill Boyd Takes His Leave from the Company
Bill will now be granted the title of chairman emeritus, which is a laudatory status the company awards to its most prominent former members, but he will not have any executive powers or say-so in the company’s future affairs – at least not officially. Privately, Bill’s voice may continue to be heard. Come from Sports betting site VPbet…
Caesars Entertainment Incorporated’s purchase of William Hill set to close ‘imminently’
In the United Kingdom and the deal that will see American casino operator Caesars Entertainment Incorporated purchase local land-based and online sportsbetting giant William Hill is reportedly set to close ‘imminently.’
According to a Tuesday report from the Las Vegas Review-Journal newspaper, this is the opinion of David Katz from financial services firm Jefferies after the High Court of Justice sanctioned the acquisition yesterday following a legal challenge from a number of William Hill shareholders.
Comprehensive cop:
The newspaper reported that Las Vegas-headquartered Caesars Entertainment Incorporated agreed the £3.7 billion ($5.1 billion) takeover of William Hill in September and was hoping to have completed the arrangement by the end of last month. Thi…
Aspire Global Limited applies for permission to de-list its shares
In the run-up to its purchase by NeoGames SA and Maltese iGaming solutions firm Aspire Global Limited has officially asked Swedish officials for permission to de-list its shares from the Nasdaq First North Premier Growth Market bourse.
Headquartered in the Valletta suburb of Sliema, the developer used an official Tuesday press release to detail the application and simultaneously explain that NeoGames SA now controls 98.25% of its aggregate shareholding Come from Sports betting site VPbet. Should the request be granted and the Stockholm-listed innovator furthermore declared that it intends to initiate a ‘compulsory redemption’ exercise for its remaining investments.
Lucrative link:
Established in 2005, Aspi…
Casinos Austria International refines Nagasaki Prefecture plans
In Japan and Casinos Austria International has reportedly released an updated draft of just what its envisioned Las Vegas-style integrated casino resort for Nagasaki Prefecture may look like and feature.
According to a report from Inside Asian Gaming, the Vienna-headquartered operator beat off steep competition in August to be selected as the Kyushu jurisdiction’s ‘preferred operating partner’ and has hopes of being able to premiere the full $3.08 billion gambling-friendly development on a 135-acre seaside plot of land next to the Huis Ten Bosch theme park by the end of the decade.
Agenda ambition:
Casinos Austria International already runs some 40 gambling facilities in 16 nations including Austria, Egypt, Belgium and Australia and is reporte…
Atlantic City Casino-Hotel Operators Sued for Violating US Antitrust Law
Caesars Entertainment Inc, MGM Resorts International, Hard Rock International Inc, and other operators of casino hotels in Atlantic City have been accused of allegedly increasing their room rental prices in an artificial manner.
The operators are now part of a proposed class action filed against them by two New Jersey residents who claim the operators have violated Section 1 of the Sherman Act.
The Lawsuit Counts 109 Pages
The 109-page lawsuit was officially filed last Tuesday in the US District Court for the District of New Jersey. It mentioned Hard Rock International Inc as a defendant,…
Century Casinos Incorporated to enter the Maryland casino market
American casino operator Century Casinos Incorporated has announced the inking of a definitive agreement that is to see it pay approximately $56 million so as to take over the running of eastern Maryland’s 198-room Rocky Gap Casino Resort venue.
The Colorado Springs-headquartered firm used an official Thursday press release to explain that the deal was been signed at the same time as the Vici Properties Incorporated real estate investment trust agreed to buy the Allegany County venue from current owner Golden Entertainment Incorporated for $203.9 million. As such and the company also detailed that it will subsequently begin paying the incoming landlord an annual rent of $15.5 million under the terms of a revised triple net lease understanding encompassing the Rocky Gap Casino Re…
Betsoft extends partnership with 888; iGaming deal boosts Romanian audience and European presence
Players in Romania can now experience global hits such as Primal Hunt, Stacked and Take the Bank at online casino 888.ro, after award-winning content provider Betsoft Gaming enhanced its existing partnership with 888 Holdings plc (LSE: 888).
An “exciting growth market” for the supplier, the Balkan country’s iGaming space will now benefit from the addition of the developer’s slot titles, with the leading betting and gaming company’s latest commercial deal for its Romania-facing online interest building on its original distribution agreement with Betsoft signed in April 2021.
In addition to the hits Take the Bank, Primal Hunt and Stacked, released in 2019, 2020 and 2021, respectively, players at 888.ro will also be able to enjoy the acclaimed Book…