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Legal
April 22, 2024
NSW Man on Trial for the Murder of a Frail Gambling Addict
The trial of an Australian man who allegedly killed another over a gambling debt has begun. Stephen Staff appeared in the NSW Supreme Court at Wollongong on Monday but denied participating in the fatal beating. The victim, Matthew Davis, 31, died after a fatal bashing and choking in his home in Lake Illawarra. Described as […]
Business
July 28, 2021
IGT Figures Out How to Save $65 Million Annually
International Game Technology (IGT) has come up with a new plan on how to cut its debt. By making amendments to its term loan facility, the company will now be able to save around $65 million each year. At the end of Q1 in 2021, IGT’s debt was $7.07 billion. Compared to the debt a […]
Business
April 24, 2020
MGM Issues New Public Debt of $750M to Boost Liquidity
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 […]
Business
January 27, 2020
Red Rock Hikes New Corporate Debt Selling up to $750mln
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 […]