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Business
November 19, 2020
Bally’s to Buy Bet.Works, Launches Interactive Division
Bally’s Corp. launches two new divisions and takes aim at multi-channel experiences online, bringing sports betting and iGaming to the fore. Bet.Works to Help Bally’s with Interactive Division Formerly known as Twin Rivers, Rhode Island-based Bally’s Corp. has agreed to pay $125 million to acquire Bet.Works, a sports betting solutions provider, which already powers sports […]
Business
November 18, 2020
Del Lago Lays Off 50 Employees After NY Governor Issues Covid-19 Restrictions
Del Lago said it will lay off 50 employees, as NY Governor Andrew Cuomo announced additional Covid-19 restrictions last week, which included a reduction in operating hours for casinos. Casinos Reduce Operating Hours The del Lago Resort & Casino has laid off 50 employees, following Governor Andrew Cuomo’s announcement of new Covid-19 restrictions last week. […]
Business
November 18, 2020
MGM Growth Properties Offers Senior Unsecured Notes for $750M
MGM Growth Properties is looking to raise $750 million of senior unsecured notes, priced at 3.875% and due 2029 at par, the real estate trust announced Tuesday. The offering which was upsized by $250 million from the initial $500 million, is expected to close November 19, subject to customary closing conditions. MGM Resorts’ Redemption Right […]
Business
November 18, 2020
Illinois Governor Shuts Down Casinos As Covid-19 Case Rate Spikes
The Governor of Illinois said on Tuesday that all indoor entertainment venues will close down starting Friday, as the number of coronavirus cases averages nearly 12,500 per day. Casinos Will Close For Three Weeks Illinois riverboat casinos will close due to a surge in the number of coronavirus cases, Governor J.B. Pritzker announced Tuesday in […]
Business
November 18, 2020
Resorts World Las Vegas Looks to Hire 6,000 Workers
Resorts World Las Vegas revealed that it seeks to hire some 6,000 workers for its resort which is planned to open next year. The company accepts job applications for multiple positions from entry-level positions to managerial level positions. Resorts World Accepts Job Applications In a statement released this Monday, Resorts World Las Vegas announced that […]
Business
November 17, 2020
Scientific Games Inks New Five-Year Contract with Mass Lottery
The Massachusetts Lottery and Scientific Games inked a new five-year contract. Under the contract, SG will provide instant lottery games for the Mass Lottery. The new contract marks five decades of a successful partnership between the two entities. SG Enters Five Decades of Supplying Mass Lottery with Instant Games The gambling and sports betting technology […]
Business
November 17, 2020
Will Betfred’s Fred Done Approve Caesars’ Takeover of William Hill?
Betfred owner Fred Done will most likely give his approval for the upcoming Caesars’ takeover of William Hill’s US operations, The Standard has reported. Done Expected to Give His ‘Aye’ During Shareholder Meeting This Week Fred Done, Betfred’s owner, is tipped to say yes in the pending £2.9 billion acquisition of William Hill by Caesars […]
Business
November 17, 2020
Evolution Receives CMA Approval in the UK for NetEnt Deal
Evolution is a step closer to the takeover of NetEnt after the UK’s Competition and Markets Authority (CMA) gave the deal a final approval. CMA Approves Evolution’s Bid for NetEnt Takeover The Competition and Markets Authority (CMA), the UK’s watchdog responsible for fighting anti-competitive activities in the country, has approved Evolution’s purchase of NetEnt in […]
Business
November 16, 2020
Binary Options and CFDs Pose Challenges for Regulators
Too many people seek to get rich overnight but forget that the bigger the gain, the bigger the risk required, and at the end of the day, one needs to apply proper money management. Trading Binary Options and CFDs One such class of high-risk investment products are the so-called binary options, where a trader bets […]
Business
November 15, 2020
EBCI To Potentially Buy Caesars Southern Indiana as Council Approves Due Diligence Funding
The Eastern Band of Cherokee Indians and Caesars Entertainment have signed a letter of intent in which the Tribe states it is looking into buying the Caesars Southern Indiana hotel-casino. On November 12, the Tribe Council approved due diligence funding. Caesars To Work Exclusively With The Tribe Over The Next 45 Days The Eastern Band […]