Day: April 9, 2024
Bally’s Should Sell Tropicana Rights, Takeover Unlikely, Says Analyst
Bally’s (NYSE: BALY) should consider selling its rights to the recently closed Tropicana Las Vegas to raise cash to support its Chicago casino hotel project, says an analyst. The Tropicana Las Vegas. An analyst said Bally’s should sell its rights to the now-closed property. (Image: New York Times) In a new report to clients, Colin…
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Bally’s Committee Reportedly Holding Talks with Standard General
A special committee of Bally’s (NYSE: BALY) independent directors formed to consider Standard General’s takeover offer is reportedly in discussions with the hedge fund that’s the largest shareholder in the regional casino operator. Bally’s on the Atlantic City Boardwalk. A special committee of the operator’s board is said to be in talks with Standard General…
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Petersburg Fields Five Responses to Casino Request for Proposal
The Petersburg City Council’s Request for Proposal (RFP) period that ended last month garnered five responses from companies interested in possibly partnering with the Virginia town on a casino resort development. A rendering of The Cordish Companies’ pitch for an integrated resort casino in Petersburg. The odds are good that the Virginia city will be…
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