Category: Mergers-Acquisitions
Caesars Could Sell More Assets in Bid to Further Pare Debt
Caesars still considering noncore asset sales Deals could be harder to come by this year Caesars Entertainment (NASDAQ: CZR) indicated it remains open to selling noncore assets, including casinos, as it continues debt-reduction efforts, but warned transactions could be harder to come by this year than in 2024. Planet Hollywood Resort & Casino on the […]
Bally’s May Be Examining Star Entertainment Buy
Bally’s could be among parties interested in Star Entertainment List of potential bidders for Aussie casino operator grows Add Bally’s (NYSE: BALY.T) to the list of “vultures” that may be circling the soon-to-be carcass that is Star Entertainment. Star Entertainment’s namesake casino in Sydney. Bally’s is rumored to be interested in making a deal. (Image: […]
Light & Wonder Paying $850 Million for Charitable Gaming Assets
Light & Wonder Paying $850 million for charitable gaming business Acquired company is profitable, deal expected to close in second quarter Light & Wonder (NASDAQ: LNW) said it’s paying $850 million in cash for the charitable gaming assets of Grover Gaming, Inc. and G2 Gaming, Inc. The purchase price could increase to $1.05 billion based […]
IAC Could Boost MGM Stake, Says Diller
IAC already owns about 22% of the casino giant Diller says MGM shares are deeply undervalued IAC/InterActiveCorp (NASDAQ: IAC) could consider boosting its already sizable stake in MGM Resorts International (NYSE: MGM), according to Chairman Barry Diller. Barry Diller in a 2021 interview. He said IAC could consider lifting its stake in MGM. (Image: CNBC) […]
Monarch Casino Mulling Acquisitions, Sees Strength in Colorado
Monarch delivered strong fourth-quarter earnings on Wednesday, driving share prices higher A strong balance sheet has Monarch considering new acquisitions Monarch currently owns two properties — Atlantis in Reno and Monarch Casino in Black Hawk, Colo. Shares of Monarch Casino & Resort (NASDAQ: MCRI) surged Wednesday after the gaming company delivered fourth-quarter earnings and revenue […]
Standard General Wraps Up $4.6 Billion Bally’s Acquisition
Bally’s (NYSE: BALY) and Standard General announced today that the investor completed its $4.6 billion takeover of the regional casino operator. Standard General founder Soo Kim. The hedge fund completed its acquisition of Bally’s. (Image: Meet AC/Casino.org) Standard General, the hedge fund that’s the largest Bally’s shareholder, offered $15 a share for the gaming company […]
Blackstone May Be Mulling Star Entertainment Buy — With a Catch
Private equity behemoth Blackstone (NYSE: BX) is reportedly considering a run at ailing Star Entertainment, but the US investor could wait until the Australian casino operator is put into administration. The Star Sydney. Rumors surfaced Blackstone could be interested in bidding for Star. (Image: Star Entertainment) The mention of Blackstone, which has a long track […]
VICI Could Eye Acquisition of Caesars Forum, Says Analyst
VICI Properties (NYSE: VICI) could consider purchasing the Caesars Forum convention center on the Las Vegas Strip, which the real estate investment trust (REIT) has an option to buy. The Caesars Forum convention center on the Las Vegas Strip. VICI Properties could consider buying the venue, says an analyst. (Image: Network in Vegas) That’s the […]
Century Casinos Stock Story Requires Patience
Following a rough 2024, shares of Century Casinos (NASDAQ: CNTY) are off nearly 7% to start 2025, potentially indicating the stock’s redemption story will require patience from investors. The Century Casino in Central City, Colo. An analyst said the stock could require patience before it rebounds. (Image: Century Casinos) In a note out after the […]
Melco Should Consider Selling Cyprus, Philippines Casinos, Says Analyst
Melco Resorts & Entertainment (NASDAQ: MLCO) should consider selling its casino hotels in Cyprus and Manila so it can fund a full acquisition of Studio City International (NYSE: MSC) and focus on its Thailand ambitions, according to an analyst. Melco Resorts CEO Lawrence Ho speaks in Macau in 2018. An analyst said the company should […]
