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Industry
December 30, 2024
Jay Leno Refutes Gambling Debt Beating as Reason for Recent Injury
Jay Leno, a famous stand-up comedian and late-night host, has commented on rumors that he had been beaten up by mobsters after failing to pay off a gambling debt. The rumors in question were sparked by a recent injury sustained by the celebrity. Leno’s Recent Injury Sparked Conspiracy Theories Bill Maher, the host of the […]
Legal
July 30, 2024
Russian Gambler Poisons Parents, Police Suspect Multiple Victims
A Russian gambler has been caught poisoning his parents in order to inherit their money. The man’s parents luckily survived but the police believe that others might have not been so lucky. A Gambling-Motivated Poisoner Artyom Missyura, 25, worked as a math tutor and was an avid gambler. He lived with his parents and sister […]
Business
May 7, 2024
888 Continues Deleveraging, Refinances £450M of Debt
International gambling giant 888 announced the successful pricing of £400 million senior secured notes. The move, which will mark 888 Acquisitions Limited’s debut issuance into the GBP debt capital market, is expected to be completed on May 9. According to 888, the offering of the notes will be exempt from the usual registrations requirements outlined […]
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 […]