888 Holdings Confirms Bid for bwin.party
By 
Terry Davis ·
British gambling operator 888 Holdings confirmed that it had made a takeover bid for bwin.party, thus joining gaming company GVC Holdings in the battle for the online gaming provider. Last…
Tag: Business Deals
Caesars Acquisition Company Reports Q1 Revenue Growth
By 
Robert Johnson ·
Caesars Acquisition Company posted information about the financial performance of Caesars Growth Partners, LLC (a joint venture between Caesars Entertainment Corporation and Caesars Acquisition Company) during the first quarter of…
Riviera Hotel & Casino Shuttered after 60 Years on the Strip
By Robert Johnson ·
The Riviera Hotel & Casino in Las Vegas was shuttered for good on May 4. The iconic venue, which was frequented by prominent performers, such as Liberace, Frank Sinatra, and…
Penn National Gaming to Buy Tropicana Las Vegas
By Terry Davis ·
Pennsylvania-based casino operator Penn National Gaming announced earlier today that it is to purchase Tropicana Las Vegas Casino Hotel Resort as part of its strategy to introduce its operations in…
Caesars’ Troubles Continue in 2015
By Robert Johnson ·
On January 15, Caesars Entertainment Operating Company, Inc. (CEOC), a subsidiary of gambling operator Caesars Entertainment Corporation, filed for reorganization under Chapter 11 of the US Bankruptcy Code in Chicago.…
Stockton University President Questioned about Showboat Deal
By 
Susan Sutton ·
Back in 2014, Stockton University purchased the shuttered Showboat casino with the aim of turning it into a college campus but everything went in the wrong direction when the casino…
Twin River Proposes Casino in Tiverton
By Robert Johnson ·
Twin River Management Group Inc. announced its plan to move its Newport Grand casino to a new location in the northern part of Tiverton, in order to be able to…
Straub Willing to Renegotiate Revel Tenants’ Leasing Contracts
By 
Anthony Huber ·
During the yesterday’s court hearing, the Judge in charge of making decisions related to the fate of the shuttered Revel Casino, Gloria Burns, ruled that Glenn Straub has the legal…
Iao Kun Group Holding Co. Ltd. Expands Operations in Australia
By Terry Davis ·
Hong Kong-headquartered promoter of VIP rooms across Macau Iao Kun Group Holding Company Limited (IKGH) announced earlier today that it had signed a non-binding agreement with Lou Kan Kuong, under…
Revel Electricity Issues Continue
By Anthony Huber ·
After many setbacks, Glenn Straub has acquired Revel Casino and became the owner of another shuttered casino on the territory of Atlantic City – the Showboat. The acquisitions form part…
Tsogo Sun to Purchase a Stake in Sun International Casinos
By Robert Johnson ·
Tsogo Sun, one of South Africa’s two major gambling operators, announced that it is interested in purchasing a 40% stake in Golden Valley Casino and GrandWest Casino in the Western…
Amaya Proclaims Itself as Leader on the Global Gaming Market
By Susan Sutton ·
Back in June 2014, the gaming giant Amaya Gaming acquired two of the most successful poker platforms on a global scale – PokerStars and Full Tilt, for the overwhelming amount…
ACR to Disconnect Revel from Electricity Grid on Thursday
By Anthony Huber ·
After multiple setbacks Revel Casino was finally acquired by the Florida developer Glenn Straub mere days ago. However, another issue arose and the shuttered casino is to be left without…
Proxy Firm Calls for Wynn Board Nominees Rejection
By Robert Johnson ·
Institutional Shareholder Services Inc. released its report on Elaine Wynn’s battle to remain on Wynn Resorts’ board late on Sunday. The 31-page document suggested that shareholders should withhold their votes…
The Phoenix Project Brings New Life to Atlantic City
By Anthony Huber ·
The last couple of months have been quite eventful as far as the Atlantic City casino industry is concerned. Local authorities have been trying to deal with the crisis caused…
Revel Casino Sale to Be Finalized Today
By Anthony Huber ·
Mere hours ago, it was announced that the new owner of the shuttered Atlantic City-based Revel Casino is Florida developer Glenn Straub. Mr. Straub acquired the property for a sum…
Playtech Purchases Majority Stake in TradeFX
By Robert Johnson ·
Gaming software developer Playtech plc has inked a deal to purchase a majority stake in online forex trading platform TradeFX for the sum of €208 million ($224 million). Playtech is…
Railroad Pass Casino Sold to Joseph DeSimone
By Susan Sutton ·
It was announced that the sale of Railroad Pass Casino has been completed and its new owner is real estate professional Joseph DeSimone. The former owner of the property was…
Revel Lender Demands the Casino to Be Sold to Straub
By Susan Sutton ·
A representative of the main lender of Revel commented on the several delays related to the sale of the shuttered casino and said that the bidders that have emerged during…
GTECH Completes Merger with IGT
By Robert Johnson ·
Italian gaming company GTECH S.p.A. announced earlier today that all preconditions related to the completion of its merger with Nevada-based International Game Technology into International Game Technology PLC have been…
High-Net-Worth Investors Propose $88 Million for Revel Casino
By Anthony Huber ·
As previously reported, it is still uncertain whether Glenn Straub is to acquire the shuttered Revel casino or not because prominent real estate investors are expected to propose a bid…
South African Casino Industry Loses Major Operator
By Terry Davis ·
It was announced more than a week ago that Sun International, South Africa’s second-largest casino operator, would purchase its competitor Peermont Group for the sum of R9.4 billion. De Wet…
Taj Mahal Owners with Showboat Conversion Statement
By Terry Davis ·
Trump Taj Mahal owners released a statement late on Friday, in which they questioned Stockton University officials why they spent $18 million on the shuttered Showboat Atlantic City, despite the…
Real Estate Moguls to Submit Considerable Bid for Revel Casino Acquisition
By Anthony Huber ·
People familiar with the numerous setbacks that keep befalling the acquisition of the shuttered Revel Casino say that the saga with its sale is going to continue longer than it…
888 Holdings Plans Expansion Through Acquisitions and Partnership Agreements
By Susan Sutton ·
The popular operator 888 Holdings has managed to generate great revenues during the past fiscal year and according to people with knowledge on the matter, 888 officials are getting more…
Century Casinos Raises United Horsemen of Alberta Stake
By Robert Johnson ·
Colorado-based gaming operator Century Casinos Inc. announced that the majority stake it has in United Horsemen of Alberta has been risen to 75%. The latter company is known to be…
Mr Green Enters the Italian Online Gambling Market
By Terry Davis ·
Popular gambling operator Mr Green & Co has just announced that it will start offering its services on the Italian online gambling market later this spring. The announcement came after…
Sky Bet to Become Major Betting Company in the UK
By Susan Sutton ·
The Chief Executive of Sky Betting and Gaming, Richard Flint commented on the upcoming business ventures of the company and said that the joint efforts of company’s executives were going…
Sun International Becomes Sole Stakeholder of Peermont Group
By Susan Sutton ·
Mere hours ago, it was announced that Sun International and Peermont Group have reached an agreement and the latter is to be acquired by the South African hotel chain for…
Bloomberry Buys Land and Casino in South Korea
By Anthony Huber ·
Mere hours ago, representatives of Bloomberry Resorts Corp. announced that they are about to make a significant investment and acquire an island as well as a casino operator on the…