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Business
October 13, 2020
TRWH Acquires Bally’s, Plans to Rebrand Its Properties
Rhode Island-based casino operator Twin River Holdings, Inc. announced today it acquired the Bally’s brand from its owner, Caesars Entertainment, for $20 million. The deal will allow the casino operator to keep the brand for the previously purchased Bally’s Atlantic City and also rebrand all of its casino properties. Bally’s Rise and Fall Bally’s brand […]
Casino
October 9, 2020
Planet Hollywood Resort and Casino in Las Vegas Reopens
The famous casino-resort Planet Hollywood reopened its doors on Thursday, October 8. In a statement, Caesars Entertainment outlined that the venue follows strictly all health and safety protocols ensuring the well-being of both employees and guests. Planet Hollywood Reopened Its Doors for Visitors Thursday, October 8, the famous Planet Hollywood resort and casino on the […]
Poker
October 6, 2020
888 Granted Interactive Gaming Manufacturer License in PA
Online poker operator 888 Holdings has been granted an interactive gaming manufacturer license in Pennsylvania, a move that may soon introduce a second poker operator, besides PokerStars, almost a year after the online poker market went live in the state. As expected, the Pennsylvania Gaming Control Board (PGCB) voted in favor of the license application […]
Casino
October 5, 2020
Mass Layoffs Reported at Caesars Southern Indiana
Caesars Southern Indiana conducted mass layoffs last week, a local media reported based on information provided by 3 former employees as some of them lost their jobs along with many others. The media spoke to the long-time employees who preferred to remain anonymous Friday and gained information about the layoffs first hand. Two of the […]
Casino
October 1, 2020
Caesars Expands Harrah’s New Orleans in a $325m Investment Move
Caesars is on track to expand its Harrah’s New Orleans property by investing $325 million in a hotel tower and its casino. The investment would guarantee Caesars a 30-year license extension. New Orleans to See Harrah’s Casino Expand in a $325m Overhaul Push Harrah’s New Orleans has appointed a new general manager amid a $325 […]
Business
September 30, 2020
Caesars’ £2.9B Takeover Bid Accepted by William Hill Board
US casino giant Caesars Entertainment, Inc. and UK-based sportsbook operator William Hill PLC reached an agreement regarding the sale of the sports betting company. The £2.9 billion cash offer was initially revealed by Caesars on Monday, when William Hill responded to speculations it was a subject of a takeover bid, confirming it had received two […]
Business
September 28, 2020
Caesars Reveals a Potential £2.9B William Hill Takeover Bid
US casino giant operator Caesars Entertainment announced Monday it was in advanced negotiations to acquire UK-based sports betting company William Hill. Caesars outlined it was about to make an official £2.9 billion ($3.7 billion) cash takeover bid for the bookmaker. At the end of last week, William Hill responded to speculation that it was at […]
Business
September 27, 2020
William Hill at the Centre of a Potential US Bidding War
UK betting giant William Hill issued a response to speculation Friday, confirming the operator received two separate cash offers, from Apollo Management International LLP and its subsidiaries, and from Caesars Entertainment, Inc. Rumours Confirmed After an initial written proposal from the US private equity group Apollo in August, William Hill received a further proposal and […]
Business
September 21, 2020
Caesars and VICI Complete Caesars Forum $400M Mortgage Deal
Caesars Entertainment announced Friday it secured a mortgage loan deal worth $400 million with real estate investment trust (REIT) VICI Properties, and secured by the Caesars Forum Conference Center in Las Vegas. In a filing to the Securities and Exchange Commission (SEC) VICI outlined the loan deal which was initiated by a letter of intent […]
Casino
September 20, 2020
Committee to Oppose the Creation of New Casino in Virginia
Eric Stamps created a new political action committee that will oppose the creation of a new casino resort in Danville, Virginia. According to Stamps, a large segment of the population of the city is not being heard. New Committee Opposes the Creation of a Casino in Virginia A new political action committee (PAC) was created […]