Category: Mergers-Acquisitions
Bally’s Star Deal Risky, More Capital May Be Needed, Says CBRE
Bally’s is shelling out nearly $150 million to save the Aussie casino operator Analysts say the transaction is fraught with risks for the buyer News emerged late Sunday that Bally’s (NYSE: BALY.T) is partnering with Australian businessman Bruce Mathieson to essentially save Star Entertainment Group in a deal valuing the battered casino operator at about […]
Star Entertainment Pressing Bally’s to Up $158M Takeover Bid
***UPDATE*** Late Sunday, news broke that Star Entertainment has accepted an offer from Bally’s that will see the US-based regional casino operator take majority control of the Australian gaming firm. Bally’s is paying $149.8 million to acquire Star with investor Bruce Mathieson — Star’s largest individual shareholder — providing $30.1 million in financing to move […]
If Bally’s Wins Bronx Casino License, Trump Gets $115M Windfall
Potential payment included in agreement to acquire golf course operating rights Bally’s bought lease rights for Ferry Point course in 2023 If Bally’s is successful in procuring a Bronx casino license, that would mean a $115 payday for the Trump Organization, which previously operated the golf course on which the gaming company is hoping to […]
bet365 Could Be Takeover Target, Says Research Firm
Bet365 could now be a more attractive takeover target Price could be steep, assuming Coates family wants to sell Bet365 could be a takeover target as the UK sportsbook behemoth pulls back from Asia and expands in the US, according to a research firm. Bet365’s sign promoting betting at an Australian cricket match. The company […]
Star Investor Mathieson Supports Bally’s Bid
Bruce Mathieson is the biggest shareholder in Star Entertainment Group Prefers Bally’s takeover bid to selling Queens Wharf assets to Hong Kong group Bruce Mathieson, the Australian businessman who’s the largest individual investor in Star Entertainment, is backing Bally’s (NYSE: BALY.T) bid to acquire majority control of the embattled casino operator and is offering to […]
Sportradar Paying Nothing to Acquire IMG Arena Betting Assets
Deal bolsters data provider’s basketball, soccer, tennis exposure Buyer says acquisition will lift earnings, revenue Sportradar (NASDAQ: SRAD) said Wednesday it’s acquiring IMG Arena and its sports wagering assets from Endeavor Group Holdings at essentially no cost to the buyer. The Sportradar and MLB logos. The company is acquiring IMG Arena at no cost. (Image: […]
Penn Value Outcomes Include Killing ESPN Bet, Selling theScore, Says Analyst
More talk of ESPN Bet’s potential death theScore could also be sold With the stock down 13% year to date, Penn Entertainment (NASDAQ: PENN) badly needs a jolt and avenues for restoring investor confidence. Those could come in the form of divestments and killing the sagging ESPN Bet mobile sportsbook. An image for Penn Entertainment. […]
Bally’s Makes 11th-Hour Bid to Save Star Entertainment
Bally’s offering AU$250 million in financing for embattled Star Regional casino operator believes its bid is superior to Hong Kong investor offer to buy Star Brisbane Bally’s (NYSE: BALY.T) has swooped in with an 11th-hour bid to save ailing Star Entertainment, offering the downtrodden Australian casino operator AU$250 million in financing in exchange for 50.1% […]
Entain Upheaval Could Prompt Fresh MGM Bid
MGM could consider new bid for Entain following CEO exit US casino operator tried to acquire BetMGM partner four years ago Following the recent departures of three high-level executives, including now former CEO Gavin Isaacs, Entain Plc (OTC: GMVHY) could draw a new takeover bid from MGM Resorts International (NYSE: MGM), its partner on the […]
Golden Entertainment to Be Selective on Acquisitions
Strat operator says it will be choosy when it comes to deal-making Could examine opportunities in Nevada and beyond Golden Entertainment (NASDAQ: GDEN) is open to mergers and acquisitions, but executives said the casino operator will be judicious on that front. Golden Entertainment’s Strat Las Vegas. The operator could consider mergers and acquisitions, but in […]
