Carl Icahn Further Increases Stake in Caesars
By 
Terry Davis ·
Carl Icahn ups stake in Caesars, wants a role in the selection of a new CEO of the Las Vegas casino and hospitality powerhouse Days after it became known that…
Tag: Business Deals
Churchill Downs Closes Duo of Acquisition Deals
By Terry Davis ·
The casino and racetrack operator has expanded its presence in Illinois and Pennsylvania with the addition of two properties to its portfolio Kentucky-based casino and racetrack operator Churchill Downs Inc.…
Carl Icahn Becomes Caesars’ Largest Shareholder; Company Owners Halve Stake
By 
Robert Johnson ·
Carl Icahn has upped his stake in Caesars to become the Las Vegas casino operator’s largest shareholder; sale seems likelier by the day Entities related to Carl Icahn purchased earlier…
GVC Chief Kenny Alexander Slashes Personal Stake, Giving the Shivers to Investors
By Robert Johnson ·
A duo of the gambling powerhouse’s top executives cut their personal stakes, causing shares to tumble more than 18% Gambling giant GVC Holdings had its worst day on the stock…
Delta Dives Deeper into Fantasy Sports with Minority Stake in HalaPlay
By Robert Johnson ·
Delta extends its footprint in the lucrative fantasy sports field with the purchase of a minority stake in India’s second largest DFS business Indian gaming and hospitality giant Delta Corporation…
Atlantic Club Casino Hotel Sale Falls Through Once Again
By Terry Davis ·
Florida real estate firm TJM Properties will remain the owner of the shuttered Atlantic Club after the latest of a flurry of failed sale deals Another sale deal for the…
Casino Operator PH Resorts Postpones Planned Share Sale
By Terry Davis ·
PH Resorts postponed its planned sale of stock to explore other financing opportunities for the development of two casino resorts Leisure and gaming operator PH Resorts Group Holdings Inc., owned…
Icahn-Named Directors Join Caesars’ Board; Is the Company Succumbing to Sale Pressure?
By Terry Davis ·
A sale of Las Vegas casino and hospitality giant Caesars Entertainment Corp. seems more and more likely by the day as an investor with a history of shareholder activism is…
Caesars’ Largest Stockholder Presses for Sale, Joining Icahn and Other Investors
By Robert Johnson ·
Another major Caesars stockholder is pushing for the company’s sale to best serve and enhance shareholder value Caesars Entertainment Corp.’s largest shareholder is urging the company to consider a sale,…
Slingo Owner Sells Real-Money Gaming Business
By Robert Johnson ·
Gaming Realms has moved to sell its real-money business to focus on content development and licensing UK gaming company Gaming Realms has agreed to sell its real-money gaming business to…
Caesars Engages in Discussions with Carl Icahn over Sale
By Robert Johnson ·
Caesars to evaluate Carl Icahn sale push as billionaire investor discloses 10% stake in the Las Vegas hotel and casino giant Casino and hospitality giant Caesars Entertainment Corp. said in…
Tilman Fertitta Still Interested in Caesars Merger, Buys Stock in the Casino Giant
By Robert Johnson ·
Billionaire businessman Tilman Fertitta has bought a stake in gaming and hospitality giant Caesars Entertainment Corp., Bloomberg reports citing people familiar with the matter News about Mr. Fertitta buying Caesars…
Carl Icahn Reportedly Presses for Caesars Sale
By Robert Johnson ·
Billionaire investor Carl Icahn is planning to push Caesars to consider a sale, the Wall Street Journal reports citing people familiar with matter Reports about Mr. Icahn pressing for the…
Bloomberry Secures Funding for Quezon City Casino Resort
By Robert Johnson ·
Bloomberry has been extended a loan to fund the development of a new Solaire-branded casino resort in Quezon City Two units of Philippine hotel and casino operator Bloomberry Resorts Corp.…
Dover Downs Shareholders to Vote on Twin River Merger Next Month
By Robert Johnson ·
Dover Downs stakeholders to vote on proposed merger with fellow casino company Twin River at a special meeting on March 26 Dover Downs Gaming & Entertainment shareholders will vote on…
NJ Casino Regulator to Review Luxor’s Acquisition of Ocean Resort Casino
By Terry Davis ·
New Jersey casino regulators commence review process for granting interim casino license to the new owner of Ocean Resort Casino The New Jersey Casino Control Commission is set to hold…
New Round of Atlantic Club Sale Reports Emerges
By Robert Johnson ·
Another Atlantic City Boardwalk property might have found a new owner after New York hedge fund Luxor Capital Group agreed to buy Ocean Resort Casino, the former Revel, from Colorado…
Paddy Power Betfair Snatches Georgia’s Largest Online Gambling Operator
By Terry Davis ·
Paddy Power Betfair has acquired Georgia’s largest online gambling operator to gain foothold in a new lucrative market Gambling powerhouse Paddy Power Betfair announced today that it has acquired a…
Twin River Adds Three Casinos to Colorado Portfolio
By Robert Johnson ·
Rhode Island gambling operator Twin River purchases three casinos in the town of Black Hawk to expand Colorado footprint Twin River Worldwide Holdings Inc., the owner of Rhode Island’s Twin…
New York Hedge Fund Buys Ocean Resort Casino
By Terry Davis ·
A New York private investment firm has been identified as the new owner of the ailing Boardwalk hotel and casino resort New York-based hedge fund Luxor Capital Group has been…
Pansy Ho Forms Shareholder Alliance to Tighten Grip on Macau Casino Operator SJM
By Terry Davis ·
Pansy Ho, daughter of Macau casino king Stanley Ho, joins SJM Holdings shareholder alliance to secure controlling stake in the company Hong Kong businesswoman Pansy Ho has formed a strategic…
Melco’s Macau Casino Resorts Sold Out for Lunar New Year, CEO Says
By Robert Johnson ·
Melco’s Macau integrated resorts fully booked for Lunar New Year; CEO downplays gaming revenue dip projections Melco Resorts & Entertainment’s Macau properties are sold out for the upcoming Lunar New…
Finnish Gambling Monopoly Could Cease Table Game Operations
By Robert Johnson ·
Veikkaus plans to cease table game operations due to heavy competition from the online gambling sector Finland’s state-owned gambling monopoly Veikkaus is considering the possibility to abandon its table game…
New Owner of Ocean Resort Casino Still Shrouded in Mystery
By Terry Davis ·
It has been a little over a week since Colorado businessman Bruce Deifik announced that he was selling Ocean Resort Casino in Atlantic City just six months after the property…
Sands Bethlehem Buyer Plans to Add Hotel, Water Park to the Casino Resort
By Terry Davis ·
The Poarch Band of Creek Indians has big expansion plans for Sands Bethlehem, awaits regulatory approval to complete purchase A multi-million expansion is on the way for Sands Bethlehem, the…
Kazuo Okada Asks Philippine Stock Exchange to Block Manila Casino Owner’s Listing
By Robert Johnson ·
The next chapter of the endless Kazuo Okada versus Universal Entertainment Corp saga involves the embattled Japanese tycoon trying to block the listing of the gaming giant’s Philippine arm on…
Carl Icahn Reportedly Building Stake in Caesars
By Robert Johnson ·
The billionaire investor is reportedly building a stake in Caesars less than a year after he sold Tropicana Entertainment New York billionaire activist investor Carl Icahn is quietly building a…
Ocean Resort Casino Passed to a New Owner a Year after Previous Sale
By Terry Davis ·
Ocean Resort Casino is changing hands amid persistent reports that it is threateningly close to facing a repeat of its previous financial woes The property’s current owner, Colorado-businessman Bruce Deifik,…
William Hill Secures Competition Clearance to Buy Mr Green
By Robert Johnson ·
William Hill’s proposed £242-million acquisition of fellow gambling operator Mr Green receives approvals from competition authorities British gambling operator William Hill announced today that it has received all the necessary…
NYS Gaming Commission Cancels Meeting on MGM’s Yonkers Raceway and Empire City Casino Purchase
By Robert Johnson ·
The NYS Gaming Commission was expected to announce its decision on MGM’s Yonkers Raceway and Empire City Casino acquisition during today’s canceled meeting The New York State Gaming Commission announced…