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Casino
March 9, 2023
Affinity Interactive to Sell Rail City Casino in Nevada
Omni-channel gaming company Affinity Interactive (AI), confirmed it has entered into a definitive agreement to sell one of its Nevada properties. The company said Wednesday that its affiliates have agreed to sell Rail City Casino to affiliates of Truckee Gaming. Rail City is a popular gaming and wagering venue located in Sparks, Nevada. It is […]
Business
March 9, 2023
Caesars Could Make a Play for Flutter’s FanDuel in Wake of White Paper Review
According to the analysis cited by Casino.org, the White Paper Review will bring on a number of changes that are likely to suppress trading price for gambling companies which would, in turn, lead to further market consolidation – or at least would create the conditions in which such moves would be beneficial to the parties […]
Industry
February 17, 2023
PENN Completed Barstool Sports’ Remaining Share Acquisition
Casino gaming and sports betting company PENN Entertainment announced the completion of its previously announced acquisition of the remaining share of Barstool Sports for approximately $388 million. ‘Powerful Media with Authentic Voice’ The acquisition of the remaining interest in Barstool Sports completed the second stage of the acquisition of the sports media brand in which […]
Business
February 17, 2023
LeoVegas Divests a Quarter of BeyondPlay to Bettor Capital for €1.9M
The group that is determined to become a premier global casino gaming company has sold a stake in its iGaming business-to-business venture to Bettor Capital. The latter is a venture firm that this way helped LeoVentures, LeoVegas’ investment arm, secure an impressive 73% return on investment in less than 24 months. A “Testament to LeoVenture’s […]
Business
February 16, 2023
MGM Resorts International Sells Gold Strike Tunica to CNE Gaming for $450M
The NYSE-listed Standard and Poor’s 500 international entertainment company has inked the transaction for $450 million in cash received from the Cherokee Nation Businesses’ subsidiary. The company with an impressive portfolio consisting of 31 global hotel and gaming destinations used Weil, Gotshal & Manges LLP as a legal counsel to complete the sale. MGM Resorts, Ready […]
Business
February 13, 2023
Stram Entertainment Is Ready to Acquire FansUnite Entertainment’s Affiliate Brand
As announced by FansUnite Entertainment Inc, BestOdds.com’s operator Stram Entertainment has signed a strategic deal to acquire BetPrep. The decision was made as a result of FansUnite’s strategy to optimize its operations, focus on profit, and accelerate its revenue growth. The international entertainment and sports company that offers technology for regulated online gaming had previously expressed […]
Casino
February 9, 2023
Wind Creek Hospitality Expands in Florida by Acquiring Magic City Casino
The announcement has come after the Florida Gaming Control Commission has given the green light for the transfer of all assets and gaming licenses held by the casino’s current owners to the authority of the Poarch Band of Creek Indians. The latter is the only Indian Tribe in Alabama recognized by the federal authorities. More Expansion […]
Legal
February 8, 2023
US SPAC Firm Starts Legal Action against Okada Manila
The lawsuit was filed on February 2 in the Delaware Court of Chancery and calls for the prompt consummation of the merger, which was initially agreed upon in October 2021. Universal Entertainment to Review Lawsuit Amidst Merger Extension The ultimate parent company of Okada Manila, Japan’s Universal Entertainment Corp, has stated that they will carefully […]
Business
February 7, 2023
Super Group Confirms Plans to Sell DGC’s Non-core B2B Division
On Monday, Super Group confirmed the proposed sale of DGC’s non-core B2B division to the leading provider of content for the iGaming industry that has a growing portfolio of more than 200 partners around the world, Games Global. It was only recently that Super Group expanded its global presence by acquiring DGC. As a result, […]
Lottery
February 6, 2023
Camelot’s Acquisition Completion Ensued Board and Team Changes
UK’s National Lottery operator, Camelot UK Lotteries Limited, announced this weekend the end of its ongoing acquisition by the winner of the fourth National Lottery license in the country, Allwyn Group. Transaction Completed The completion of the transaction with Allwyn brought together two leading lottery operators ahead of the start of the next National Lottery […]
