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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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Bally’s Soars After Accepting Increased Takeover Bid From Standard General
Shares of Bally’s (NYSE: BALY) are higher by more than 25% in late trading after the regional casino operator accepted an increased takeover offer from hedge fund Standard General. Standard General founder Soo Kim. Bally’s accepted a revised $18.25 per share takeover offer from the money manager. (Image: Meet AC/Casino.org) The acquisition bid values the…
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Wisconsin Tribal Casino for Beloit Comes to Light, Ho-Chunks Maintain $405M Budget
A Wisconsin tribal casino that’s been in the works for more than six years is finally nearing the start of construction. An artist’s rendering of Ho-Chunk Gaming Beloit, a planned $405 million tribal casino in Wisconsin. The location of the tribal casino will be just 20 minutes north of where Hard Rock is building a…
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Mohegan Sun Blackjack Player Dies from Fentanyl Overdose, Father Sues Casino
The father of the man who died from an apparent fentanyl overdose at Connecticut’s Mohegan Sun casino is putting much of the blame on employees at the gaming property. Mohegan Sun casino, pictured above. The father of a man who died after a fentanyl overdose at the casino is blaming the gaming property. (Image: Wikipedia)…
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Cherokee Nation Chairman Says Not ‘Just Yet’ on Tribe Buying Las Vegas Casino
Cherokee Nation Entertainment, the casino gaming arm of the Native American tribe of the same name, doesn’t operate a Las Vegas venue, but it’s not opposed to the idea over the long-term. Part of the Las Vegas Strip. Cherokee Nation Gaming Commission Chairman John Sparks said it could be a little while before the Tribe…
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Hard Rock Casino Hollywood Has Doled Out $1B in Jackpots So Far This Year
Seminole Hard Rock Hotel & Casino in Florida’s Hollywood is best known for its iconic Guitar Hotel. Still, the property’s reputation for having some of the loosest slots in the Sunshine State continues to amplify. Seminole Hard Rock Hotel & Casino Hollywood has awarded over $1 billion in slot machine jackpots this year. It’s the…
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Koi Nation Casino Environmental Impact Report Released, Comment Period Begins
The Koi Nation of Northern California, a Native American tribe that regained federal recognition in 2000 but still doesn’t have sovereign land, wants to build a tribal casino resort in Sonoma County. A rendering of Shiloh Resort and Casino, a proposed tribal resort from the Koi Nation of Northern California. The federal government continues to…
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