By Julie Moraine

Business

TRWH Acquires Bally’s, Plans to Rebrand Its Properties

October 13, 2020

Rhode Island-based casino operator Twin River Holdings, Inc. announced today it acquired the Bally’s brand from its owner, Caesars Entertainment, for $20 million. The deal will allow the casino operator to keep the brand for the previously purchased Bally’s Atlantic City and also rebrand all of its casino properties. Bally’s Rise and Fall Bally’s brand […]

By Fiona Simmons

Poker

888 Granted Interactive Gaming Manufacturer License in PA

October 6, 2020

Online poker operator 888 Holdings has been granted an interactive gaming manufacturer license in Pennsylvania, a move that may soon introduce a second poker operator, besides PokerStars, almost a year after the online poker market went live in the state. As expected, the Pennsylvania Gaming Control Board (PGCB) voted in favor of the license application […]

By Julie Moraine

Casino

Caesars Expands Harrah’s New Orleans in a $325m Investment Move

October 1, 2020

Caesars is on track to expand its Harrah’s New Orleans property by investing $325 million in a hotel tower and its casino. The investment would guarantee Caesars a 30-year license extension. New Orleans to See Harrah’s Casino Expand in a $325m Overhaul Push Harrah’s New Orleans has appointed a new general manager amid a $325 […]

By Jerome García

Business

Caesars’ £2.9B Takeover Bid Accepted by William Hill Board

September 30, 2020

US casino giant Caesars Entertainment, Inc. and UK-based sportsbook operator William Hill PLC reached an agreement regarding the sale of the sports betting company. The £2.9 billion cash offer was initially revealed by Caesars on Monday, when William Hill responded to speculations it was a subject of a takeover bid, confirming it had received two […]

By Jerome García

Business

Caesars Reveals a Potential £2.9B William Hill Takeover Bid

September 28, 2020

US casino giant operator Caesars Entertainment announced Monday it was in advanced negotiations to acquire UK-based sports betting company William Hill. Caesars outlined it was about to make an official £2.9 billion ($3.7 billion) cash takeover bid for the bookmaker. At the end of last week, William Hill responded to speculation that it was at […]

By Fiona Simmons

Business

William Hill at the Centre of a Potential US Bidding War

September 27, 2020

UK betting giant William Hill issued a response to speculation Friday, confirming the operator received two separate cash offers, from Apollo Management International LLP and its subsidiaries, and from Caesars Entertainment, Inc. Rumours Confirmed After an initial written proposal from the US private equity group Apollo in August, William Hill received a further proposal and […]

By Jerome García

Business

Caesars and VICI Complete Caesars Forum $400M Mortgage Deal

September 21, 2020

Caesars Entertainment announced Friday it secured a mortgage loan deal worth $400 million with real estate investment trust (REIT) VICI Properties, and secured by the Caesars Forum Conference Center in Las Vegas. In a filing to the Securities and Exchange Commission (SEC) VICI outlined the loan deal which was initiated by a letter of intent […]

By Jerome García

Casino

Caesars and VICI Sell Harrah’s Louisiana Downs for $22M

September 4, 2020

Caesars Entertainment and VICI Properties announced Thursday the sale of a casino property, as both companies entered into definitive agreements to sell Harrah’s Louisiana Downs in a $22 million deal to Rubico Acquisition Corp. The sale of the casino and racecourse resort in Bossier City, Louisiana, comes as a surprise on the back of the […]

By Julie Moraine

Casino

Caesars Granted Approval for Danville Casino by City Council

September 3, 2020

Danville City Council approved the agreement with Caesars Entertainment for a casino project, local media outlets reported Tuesday. Whether the Danville of the future will include a casino or not is now in the hands of the city residents who will cast their vote this fall. The performance agreement proposed by Caesars and promising to […]

By Jerome García

Featured

Caesars Launched Its Virginia Casino Referendum Campaign

August 12, 2020

Caesars Entertainment Inc. officially launched today its referendum campaign regarding the casino in Danville, Virginia. Danville residents will have a chance to vote yes for the $400 million premier resort and casino during the upcoming referendum in November after the City Council of Danville passed a resolution to petition the court for the inclusion of […]