George Soros Bets Big on DraftKings
By 
Terry Davis ·
George Soros is part of the group of big-name investors to have received shares in daily fantasy sports and sports betting operator DraftKings after it went public late last month…
Tag: Business Deals
Casino M&A in the Air: Las Vegas Sands Could Be Eyeing Wynn, Other Asia-Facing Ops
By Terry Davis ·
After Las Vegas Sands CEO Sheldon Adelson confirmed last month that his company was interested in mergers and acquisitions, an analyst at boutique investment bank Union Gaming has listed three…
Eldorado CEO Injects Optimism about Caesars Merger, Despite Pandemic-Linked Slump
By Terry Davis ·
The CEO of casino operator Eldorado Resorts, Tom Reeg, believes that his company will be able to close its $17.3 billion merger with Caesars Entertainment Corp. by the end of…
Spearhead Grows Footprint with Microgaming Deal
By Terry Davis ·
Casino games maker Spearhead Studios, part of online B2B gambling group EveryMatrix, is set to grow its international presence through a recently clinched deal with Microgaming. The recent partnership will…
Save the Date: Flutter, Stars Group’s £10 Billion Marriage Set for May 5
By Terry Davis ·
Irish gambling powerhouse Flutter Entertainment today announced that it is set to complete its £10 billion tie-up with The Stars Group on May 5. The announcement comes after both Flutter…
Hard Rock Gets Five-Month Deadline Extension for Spain Casino Resort Land Acquisition
By Terry Davis ·
The Government of Catalonia this week granted extension of the deadline for the acquisition of the portion of land where US casino and hospitality operator Hard Rock International plans to…
Stars Group Investors OK Flutter Mega-Merger
By Terry Davis ·
The Stars Group shareholders approved this Friday the Canadian gambling giant’s planned merger with Irish gambling group Flutter Entertainment to create a £10 billion powerhouse with more than 10 million…
Twin River Buys Casinos from Caesars, Eldorado to Enter Three Big Markets
By Terry Davis ·
Casino operator Twin River Worldwide Holdings has bought three casino properties from larger counterparts Eldorado Resorts and Caesars Entertainment Corp. to expand its footprint across three new states, news emerged…
DraftKings Closes SBTech, Diamond Eagle Merger, Goes Public on NASDAQ
By Terry Davis ·
Daily fantasy sports and sports betting operator DraftKings on Thursday completed its $3.3 billion merger with Diamond Eagle Acquisition Corp. (DEAC) and sports betting technology provider SBTech to form the…
Gaming and Leisure Properties Closes Acquisition of Tropicana Las Vegas
By Terry Davis ·
Real estate investment trust Gaming and Leisure Properties, Inc. (GLPI) last week completed the acquisition of Tropicana Las Vegas Casino Hotel Resort from Penn National Gaming. News about the transaction…
Flutter Shareholders Greenlight Stars Group Combination
By Terry Davis ·
Shareholders in Irish gambling group Flutter Entertainment backed the company’s planned combination with its Canadian counterpart The Stars Group in a vote that took place this past Tuesday in Dublin.…
OPAP Increases Investment in Stoiximan’s Greek, Cypriot Online Gambling Business
By Terry Davis ·
Greek gambling giant OPAP today announced that it is set to acquire an additional stake in Stoiximan Group’s Greek and Cypriot business after it has recently secured regulatory clearance to…
Flutter-Stars to Pursue Single Brand Strategy in Australia after £10 Billion Tie-Up
By Terry Davis ·
Australian bookmaker BetEasy will cease to exist after the £10 billion tie-up between its parent company, The Stars Group, and Irish gambling powerhouse Flutter Entertainment, news emerged earlier today. The…
LeoVegas Migrates Rocket X UK-Facing Gambling Brands to Proprietary Platform
By Terry Davis ·
Online gambling operator LeoVegas today announced that it has completed the migration of several UK-facing brands under the collective name of Rocket X to its proprietary technical platform. The company…
Kalamba Games Agrees QTech Games Integration for Asian, Emerging Markets Expansion
By Terry Davis ·
Online casino content supplier Kalamba Games has teamed up with QTech Games in a partnership that saw the former integrate its Remote Gaming Server with the latter. This latest partnership…
Caesars-Eldorado Merger Still On Despite Coronavirus Fallout
By Terry Davis ·
The coronavirus pandemic and its impact on the travel, gaming, and hospitality industries has delayed the $17.3 billion merger of casino operators Caesars Entertainment Corp. and Eldorado Resorts and it…
Penn National Sells Tropicana Las Vegas, Furloughs 26,000 Workers to Mitigate Covid-19 Impact
By Terry Davis ·
Casino operator Penn National Gaming announced on Friday the sale of Tropicana Las Vegas to its real estate investment trust Gaming and Leisure Properties Inc. to keep the business healthy…
Delays, Coronavirus Disruptions Could Derail Caesars-Eldorado Merger
By Terry Davis ·
As the coronavirus rages on around the US, and the rest of the world, fears that the highly contagious virus might derail what could be the largest casino industry merger…
Flutter-Stars Marriage to Go Ahead Despite Covid-19 Disruptions; Irish Group Drops Dividend Plan
By Terry Davis ·
Gambling operator Flutter Entertainment has scrapped cash dividend plans to keep finances at hand for its £10-plus-billion merger with Canadian gaming and sports betting powerhouse The Stars Group. Flutter said…
Eldorado Must Pay Caesars $2.3 Million in Ticking Fees as Tie-Up Misses Deadline
By Terry Davis ·
Eldorado Resorts must start paying Caesars Entertainment Corp. nearly $2.3 million in daily ticking fees after failing to complete its planned tie-up with the Las Vegas casino and hospitality powerhouse…
NetEnt Cuts Workforce by 120 due to Full Red Tiger Integration
By Terry Davis ·
Swedish online casino content developer NetEnt today announced that it is set to implement a full integration with fellow provider of casino games Red Tiger, which it acquired last fall…
Eldorado Sells Lake Tahoe Casino in Anticipation of Caesars Tie-Up
By Terry Davis ·
Reno, Nevada-based casino operator Eldorado Resorts has agreed to sell Montbleu Resort Casino and Spa in Lake Tahoe for an undisclosed price as it seeks to offload some of its…
Betfred Founders Buy 3% Stake in William Hill Triggering Tie-Up Speculations
By Terry Davis ·
Billionaire brothers Fred and Peter Done, who co-founded bookmaker Betfred in 1967, announced on Monday that they have purchased a 3.03% stake in rival betting operator William Hill. The Monday…
Eldorado-Caesars Tie-Up Gets Clearance in Maryland
By Terry Davis ·
Regulators in one more state have blessed the proposed $17.3 billion marriage between casino operators Eldorado Resorts and Caesars Entertainment Corp., news emerged. The Maryland State Lottery & Gaming Control…
Suncity Signs Lease Agreement for New Metro Manila Casino Resort
By Terry Davis ·
Hong Kong-listed real estate developer and casino operator Suncity Group Holdings Ltd. has signed a lease agreement for a site that is set to be used for the development of…
Eldorado Reportedly Looking to Sell Some Caesars Entertainment Venues
By Terry Davis ·
Eldorado Resorts could reportedly offload some Caesars entertainment assets in Las Vegas after the two casino operators finalize their $17.3 billion tie-up later this year. The two companies announced last…
Flutter, Stars Group Marriage Gets Informal Approval in Australia
By Terry Davis ·
Flutter Entertainment’s multi-billion merger with Canadian rival The Stars Group has received informal regulatory approval by Australia’s competition authority. The approval comes as welcome news, but the mega-merger still requires…
NetEnt Adds More Suppliers to NetEnt Connect Casino Aggregator
By Terry Davis ·
NetEnt has widened the range of casino games available on its newly launched NetEnt Connect content aggregation platform with products from studios outside the NetEnt Group, the Swedish provider announced…
QTech Games Merges with Epic Media to Bolster Asian, Margin Markets Stronghold
By Terry Davis ·
Asia-focused casino games distributor QTech Games this week announced its merger with Epic Media, a major games reseller led by a duo of gambling industry experts. QTech said the deal…
Penn National Confirms Barstool Sports Tie-Up
By Terry Davis ·
After weeks of speculations, Penn National Gaming finally confirmed Wednesday that it has found a sports media partner in the latest of a flurry of deals between casino companies and…