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Casino
July 7, 2025
Bally’s Might Drop Star Entertainment Rescue Plan Due to Regulatory Risks
The US casino company Bally’s Corporation has expressed major worries about its planned bailout of Australia’s Star Entertainment Group. It warns it may pull out if regulators slap a big fine on Star. Bally’s Warns $300M Star Rescue Hinges on AUSTRAC Fine Outcome Bally’s chairman Soo Kim said the $300 million rescue deal, which Australian […]
Business
July 3, 2025
Fitch Signals Possible Downgrade for Bally’s After Major Business Change
Bally’s Corporation is under fresh financial scrutiny following its latest announcement about its global online operations. Fitch Ratings has put Bally’s and its debt on “Rating Watch Negative”, hinting that the casino company might see a lower rating in the months ahead. Bally’s Plans $3.2 Billion Deal With Intralot to Cut Debt, but Risks Remain […]
Business
July 2, 2025
Intralot Plans to Buy Bally’s International Interactive for €2.7B
Intralot S.A., a Greek company specializing in gaming and lottery technology, has signed a binding agreement to purchase Bally’s International Interactive. The deal is worth €2.7 billion ($3.18 billion), combining cash and issued shares. This move represents a key moment in the global gaming industry. The companies expect to complete the transaction by the end […]
Industry
July 1, 2025
Hasbro Unveils Partnerships with Four Gaming Companies
Toy and game giant Hasbro has unveiled several casino-oriented partnerships that will greatly expand its presence in the world of gambling. In addition to the tie-up with Aristocrat Technologies that GamblingNews reported earlier, Hasbro has also confirmed partnerships with Galaxy Gaming, Evolution and Bally’s Corporation. Hasbro Is Ready to Game on According to Hasbro’s official […]
Business
June 25, 2025
The Star Entertainment’s Shareholders Give the Go-Ahead to Bally’s AUD 300M Lifeline
The Star Entertainment Group just held its General Meeting. Among other important developments, the Australian casino & hospitality giant secured shareholder approval for Bally’s AUD 300 million rescue proposal. Shareholders Greenlight Bally’s Aid In April, The Star revealed that it had entered into a binding term sheet with Bally’s Corporation with respect to a multi-tranche […]
Casino
June 12, 2025
Bally’s Bronx Casino Bid Clears Key Hurdle with Boost from NYC Mayor
New York City Mayor Eric Adams stepped in at a critical time to help secure a crucial City Council vote. This vote might open the door for Bally’s Corporation to construct a big casino on the site of a former Trump-branded golf course in the Bronx. Despite Opposition, Council Approves Measure Aiding Bally’s Casino Proposal […]
Casino
June 10, 2025
Bally’s Settles Lawsuit Filed by Two White Men over IPO
Bally’s and the city of Chicago have finally settled a lawsuit filed by two white men who alleged that the company had unfairly barred certain groups of people from participating in the company’s proposed initial public offering (IPO). White Men Are Discriminated Against, Plaintiffs Say The litigation brought by the Wisconsin Institute for Law & […]
Casino
May 29, 2025
New York City Council Halts Bally’s Bronx Casino Project
The New York City Council has stopped a plan to build a large Bally’s casino complex in the Bronx. Speaker Adrienne Adams and the Council chose not to vote on a crucial bill that would have pushed the project forward. This pause leaves the casino proposal uncertain just weeks before an important state deadline. Plans […]
Business
May 27, 2025
The Star Entertainment Encourages Shareholders to Approve Bally’s Proposal
As The Star Entertainment Group’s next General Meeting approaches, the company asked its shareholders to consider Bally’s Corporation’s proposed takeover. The company leadership encouraged investors to greenlight the deal, highlighting that no better opportunity exists at the moment. The Star Shareholders to Vote on Bally’s Proposal In an ASX release published yesterday, The Star Entertainment […]
Casino
May 15, 2025
Bally’s Remains Confident about Future of Star Entertainment
Bally’s Corp’s play for Star Entertainment has been a well-weighted decision, argues the company’s boss, Robeson Reeves, who took the opportunity to comment on the recent investment in the operator, with the company coughing up $129 million in April to prop up the cash-strapped hospitality giant. Bally’s is Optimistic about Star Entertainment’s Fortunes Despite Difficulties […]