Day: November 20, 2024
Alabama’s Gaming Liberalization Odds Improve With Birmingham Racecourse Sale
The odds of Alabama ending its prohibition of nearly all forms of commercial gambling might have improved this week with the Poach Band of Creek Indians agreeing to purchase the Birmingham Racecourse. Alabama Sen. Greg Albritton (R) was the deciding vote earlier this year that prevented Alabamans from considering a ballot referendum to authorize slot…
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Bally’s Investors Approve Standard General Takeover
Bally’s (NYSE: BALY) announced Tuesday that its shareholders approved a previously announced takeover by Standard General, the hedge fund that’s the biggest investor in the regional casino operator. Standard General founder Soo Kim. The hedge fund’s takeover of Bally’s was approved by investors. (Image: Meet AC/Casino.org) In March, Standard General, which is controlled by Bally’s…
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