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Thursday April 15, 2021 2:34AM
The Latest in debt
By Julie Moraine
Business

MGM Issues New Public Debt of $750M to Boost Liquidity

April 24, 2020

MGM Resorts has announced the company managed to raise $750 million in new debt, to further strengthen its balance sheet amid the uncertainty related to the current health crisis that led to casinos closure across the states. Notes Offering Amount Upsized Thursday morning the casino operator was hoping to reach at least $500 million, and […]

By Julie Moraine
Business

Red Rock Hikes New Corporate Debt Selling up to $750mln

January 27, 2020

The Nevada-based Red Rock Resorts, in a post-market announcement on Friday, released the news that they are selling corporate debt for $750 million, up by $250 million from their previous announcement the day before, and expect the offering to be complete by February 7. The Gambling Industry Driven by Credit According to analysts, the current […]

Trending
By Melanie Porter
Legal

Bet365 Operator Hillside Sports Fined by Swedish Gambling Authority

The Swedish Gambling Authority has fined Bet365 operator Hillside Sports after the company offered wagering on a match in which most players were underage. Hillside Receives Warning and Penalty From Gambling Authority The Swedish Gambling Authority has issued a warning and a KR 1 million ($ 116,000) fine to local Bet365 operator Hillside Sports. The […]

By Stoyan Todorov
Casino

Videoslots Launches Brand-New “Pool Play” Feature

Videoslots’ “Pool Play” feature will make the jackpot experience more fun, more social, and potentially come with a much better chance of winning big.   Videoslots Launches Pool Play to Make Jackpot Games Social Jackpot hunting has been a solitary business for many years now, but Videoslots wants to change that. The operator is rolling out the “Pool […]

By Mike Johnson
Business

FT: Hedge Funds Peeved with William Hill and Caesars Deal

GWM Asset Management and HBK Capital Management have both sent letters to William Hill’s board of directors protesting what they described as a failure to disclose what they consider as potentially material information.  Hedge Funds Raise Issues with William Hill/Caesars Acquisition  Hedge funds may be revolting against William Hill’s board of directors, whom they now say failed […]

By Julie Moraine
Sports

888 Named Main Title Sponsor for the Portuguese Grand Prix

888 Holdings, a global sports betting and iGaming group operating from Gibraltar, entered into a sponsorship agreement with the Portuguese Grand Prix to become the title sponsor for the 2021 edition of the race event. “It is a thrilling moment for everyone at 888 while we position ourselves as unequivocal supporters for motorcycle sports globally.” […]

By Martina-Nikoleta Tsvetkova
Industry

Ban on Sports Betting Ads After Online Gambling Spike

The surge in online gambling in Australia during the pandemic has provoked concerns related to sports betting ads and their effect on players. Foreign Operators in Australia with Enormous Gains During Covid-19 Foreign-owned corporate bookmakers have emerged as winners during the Covid-19 pandemic with an enormous increase in market value, which has put the issue […]

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