Straub Allowed to Proceed with Revel’s Acquisition
By 
Anthony Huber ·
Yesterday, the Court gave the nod to the billionaire Glenn Straub and soon he will be the new owner of the shuttered Atlantic City-based Revel Casino. The venue was to…
Tag: Business Deals
Icahn’s Acquisition of Taj Mahal Still Waiting for Court Approval
By Anthony Huber ·
Taj Mahal – the Atlantic City-based casino that narrowly escaped closure last year, is about to have a new owner. The billionaire Carl Icahn saved the casino from closure by…
Louis XIII Holdings Announces the Completion of an Upsize Exercise
By 
Robert Johnson ·
Louis XIII Holdings Ltd., a real estate developer that is currently in charge of the construction of a luxurious hotel and casino venue on the Cotai Strip, shared with local…
Wells Fargo with a Report on Scientific Games’ Benefits from the Acquisition of Bally Technologies
By 
Terry Davis ·
Wells Fargo Securities, LLC, a subsidiary company of Wells Fargo & Co. dealing with investment banking and various other financial services, released a report on New York-based gaming operator Scientific…
Atlantic Club to Be Acquired by a Real Estate Company
By Anthony Huber ·
Although the previous year was not the most successful one for the New Jersey gambling industry, state authorities succeeded in dealing with the situation somehow and market analysts are hopeful…
The Culinary on Good Terms with The Cosmopolitan’s New Management
By Terry Davis ·
In October 2013, members of Las Vegas-based Culinary Workers Union Local 226 were arrested due to civil disobedience in front of The Cosmopolitan. More than a year later, the venue…
Caesars Entertainment Acquires Land for Its Multimillion Casino Project in South Korea
By Robert Johnson ·
A few days ago, it was announced that a consortium of several companies, including a subsidiary of U.S. gaming operator Caesars Entertainment Corp., inked a $95.9-million conditional deal for the…
Glenn Straub Wants a Discount on Revel’s Purchase
By Anthony Huber ·
Glenn Straub – the bidder, who became a runner-up during the auction for Revel Casino acquisition, got the chance to buy the struggling casino when the Canadian company Brookfield Asset…
Gala Coral Inks a Deal with M&G Investments
By 
Susan Sutton ·
Gala Coral – a leading betting and gaming company in Europe, has recently inked a deal with M&G Investments and transferred the ownership of 47 bingo properties, located on the…
Louis XIII Holdings Ltd. Sells Shares in Cotai Hotel and Casino Project
By Terry Davis ·
Chinese President Xi Jinping ended his two-day visit in Macau by reiterating his cautionary advice that the administrative region should try to boost its economy with activities that do not…
Casino Canberra Officially Owned by Aquis
By Anthony Huber ·
The billionaire Tony Fung has officially acquired Casino Canberra for the sum of AUD6 million. Joy Burch, the ACT Gaming and Racing Minister, publicly revealed that the deal has finally…
Brisbane Casino Bidders to Undergo Further Checking Procedures
By Susan Sutton ·
The members of the Queensland union have just announced that they would like one of the operators that have applied for acquiring a license and building a casino in Brisbane…
The Showboat to Be Converted into a Dormitory
By Susan Sutton ·
Last Saturday was the day when the Showboat Atlantic City casino was acquired by a New Jersey college. It is no longer managed by Caesars Entertainment Corp; the representatives of…
Crown May Not Be Able to Finance Its New Projects
By Robert Johnson ·
Last Friday, Crown Resorts Ltd. announced its plans to expand its business and to develop a new luxurious hotel and apartment complex located in a close proximity to the company’s…
Revel Has a New Buyer
By Terry Davis ·
Yesterday, December 12, a bankruptcy judge canceled the deal for the purchase of Atlantic City-based Revel Casino Hotel. The gambling venue, which is currently closed down, was to be sold…
Global Gaming Asset Management Allowed to Sell Bloomberry Shares
By Terry Davis ·
World-famous operator of integrated resorts Global Gaming Asset Management (GGAM) announced that it was allowed to sell its shares in the Philippine-listed Bloomberry Resorts Corp. Earlier today, Bloomberry stated in…
Golden Nugget Casino in Louisiana Welcomes Players
By Susan Sutton ·
On Monday, the newest and the fanciest casino in the vicinity of Lake Charles opened doors for players. Its owner is the billionaire Tilman Fertitta. The name of the venue…
Against All Odds, Glenn Straub Acquires Revel
By Susan Sutton ·
Last Tuesday, officials of Revel Casino Hotel filed a motion with the aim of receiving approval for terminating the deal with the Toronto-based company Brookfield Property Partners. In addition, managers…
Global Cash Access Gets Closer to the Acquisition of Multimedia Games
By Terry Davis ·
Last week, Global Cash Access, the renowned provider of various casino cash products, announced that it was another step closer to the acquisition of Multimedia Games, Inc., a Texas-based manufacturer…
CVC Buys Sky Bet
By Robert Johnson ·
Earlier this week, London-based telecommunications company Sky announced that a controlling stake in its online gambling division will be acquired by CVC Capital Partners. The world-famous private equity and investment…
Brookfield to Acquire Revel Despite the Deal Termination Announcement
By Anthony Huber ·
The lawyer of Revel Casino Hotel announced that managers are currently reviewing the alternative for reviving the property sale. Yesterday, the attorney threw a curve ball by announcing that “neither…
Melco Becomes EGT’s Largest Shareholder
By Robert Johnson ·
Melco International Development Ltd., a Hong Kong-listed company that offers various gaming and accommodation options in the region, was announced to have subscribed to a total of 26,062,294 shares of…
Aquis to Acquire Canberra Casino Before Christmas
By Susan Sutton ·
According to people familiar with the situation, Chinese investors Tony and Justin Fung are about to acquire Canberra Casino by the end of the year. However, they will discuss the…
Aristocrat Leisure Ltd. Reports a AU$16.4-Million Loss
By Terry Davis ·
Popular slot machine maker Aristocrat Leisure Ltd. released its annual financial statement for FY2013-14. The company announced a loss of AU$16.4 million for the twelve-month period ended September 30 after…
Scientific Games Acquires Bally Technologies
By Anthony Huber ·
Last Friday, the deal, concerning the acquisition of Bally Technologies, was closed. According to the information, Scientific Games obtained Bally for the impressive sum of $5.1 billion. On Thursday (Nov.20),…
Acquisition of Reef Casino Trust Postponed
By Anthony Huber ·
Two months ago, it was announced that the Hong Kong billionaire Tony Fung was intending to acquire the popular Reef Casino Trust, based in Australia. However, it seems like his…
Brookfield Cancels the Acquisition of Revel
By Anthony Huber ·
Despite the crisis with the casino venues in Atlantic City, regulators were hopeful that the ones, which filed for bankruptcy over the year would be reopened and the new beginning…
Amaya Inc. Posts Impressive 3Q Numbers
By Robert Johnson ·
Canada’s famous gaming operator Amaya Inc. announced an impressive 519-percent increase in its total revenue for this year’s third quarter between July 1 and September 30 as well as an…
Research Committee Comes Up with a Plan for Atlantic City’s Revival
By Terry Davis ·
Atlantic City’s casino-related financial crisis has been posing danger after danger to Governor Christie’s political career. Residents and guests of what is known to be one of the most popular…
Showboat to be Reopened As a College Campus
By Susan Sutton ·
The gambling sector in New Jersey has been unstable for the last couple of months and the official closure of four casinos had a devastating effect on the economy in…