Day: July 26, 2024
PrizePicks Hires Bank to Scout for Acquisition Opportunities
Daily fantasy sports (DFS) giant PrizePicks reportedly hired investment bank Moelis & Co. to hunt for acquisition opportunities. PrizePicks creator Adam Wexler. The company reportedly hired an investment bank to search for acquisition targets. (Image: PrizePicks) Bloomberg broke the news late Thursday, citing unidentified sources with knowledge of the matter. One of the sources told…
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Apollo Surprises With $6.3B Bid for Everi, IGT Gaming Biz
Shares of Everi (NYSE: EVRI) and International Game Technology (NYSE: IGT) surged Friday after Apollo Global Management (NYSE: APO) emerged as a surprise bidder for Everi and IGT’s global gaming and PlayDigital arms. The private equity firm offered $6.3 billion for those businesses. A slide from an Everi Holdings investor presentation. Apollo emerged as a…
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New Dallas-Fort Worth Committee on Texas Casino Proposals May Allay Fears
News that the North Texas Commission (NTC) will set up a committee to study proposed casino gambling in the Dallas-Fort Worth (DFW) metroplex is getting praise from some experts who follow the controversial issue. Andy Abboud, senior vice president of government relations at Las Vegas Sands, pictured above, has expressed support for casino legislation in…
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Boyd Gaming Open to M&A, Execs Evasive on Penn Rumor
Boyd Gaming (NYSE: BYD) executives said they’re open to acquisitions, but they didn’t specifically mention Penn Entertainment (NASDAQ: PENN) on their company’s second-quarter earnings conference call on Thursday evening. Keith Smith, president and CEO of Boyd Gaming said the company is open to M&A, but didn’t mention Penn Entertainment. (Image: Bizuayehu Tesfaye/Review-Journal/Boyd Gaming/Casino.org) There was…
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