Bally’s Should Sell Tropicana Rights, Takeover Unlikely, Says Analyst
Bally’s (NYSE: BALY) should consider selling its rights to the recently closed Tropicana Las Vegas to raise cash to support its Chicago casino hotel project, says an analyst. The Tropicana Las Vegas. An analyst said Bally’s should sell its rights to the now-closed property. (Image: New York Times) In a new report to clients, Colin…
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Bally’s Committee Reportedly Holding Talks with Standard General
A special committee of Bally’s (NYSE: BALY) independent directors formed to consider Standard General’s takeover offer is reportedly in discussions with the hedge fund that’s the largest shareholder in the regional casino operator. Bally’s on the Atlantic City Boardwalk. A special committee of the operator’s board is said to be in talks with Standard General…
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Petersburg Fields Five Responses to Casino Request for Proposal
The Petersburg City Council’s Request for Proposal (RFP) period that ended last month garnered five responses from companies interested in possibly partnering with the Virginia town on a casino resort development. A rendering of The Cordish Companies’ pitch for an integrated resort casino in Petersburg. The odds are good that the Virginia city will be…
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Apollo, CVC Among PE Firms with Reported Interest in Entain Brands
The American depositary receipts (ADRs) of Entain (OTC: GMVHF) surged 9% Monday amid reports that private equity firms could be eying runs at some of the gaming company’s brands. A Ladbrokes betting shop in the UK. Operator Entain could see bids from private equity firms if it decides to sell assets. (Image: Yahoo Finance) An…
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Petersburg Casino Bill Returns to Virginia General Assembly on Governor’s Action
The Petersburg casino bill passed by the Virginia General Assembly is returning to the legislature after Gov. Glenn Youngkin (R) amended the statute, which seeks to qualify the city for a casino license. Virginia Gov. Glenn Youngkin has amended the Petersburg casino bill and returned the statute to the legislature. The General Assembly next month…
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Alabama Lottery and Casino Bills Head to Legislative Conference Committee
Legislation in Alabama seeking to establish a state-run lottery and Las Vegas-style casino gambling with slot machines, table games, and possibly sports betting is formally set for a conference committee. It’s been a long road to get here, but Alabama lawmakers might soon authorize a lottery, tribal and commercial casinos, and sports betting. A legislative…
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Maryland iGaming Dead for 2024 After Senate Folds on House Measure
The Maryland iGaming bill passed by the state House of Delegates last month has died in the General Assembly’s upper chamber. Maryland Del. Vanessa Atterbeary wanted to bring online casino gaming to the state. Her 2024 bill passed the state House but stalled in the Senate. (Image: The Baltimore Sun) House Bill 1319 was introduced…
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Norfolk Readying to Field New Casino Bids Should HeadWaters Plan Bust
Officials in Norfolk are preparing to field new proposals for a commercial casino resort in Virginia’s Hampton Roads should the city’s current plan with its preferred gaming partner fail to materialize. An aerial view of Norfolk and Harbor Park, with the parking lot where a commercial casino is to be built. Norfolk officials continue to…
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Florida Allocates Seminole Casino Money to Environmental Management Program
Florida Gov. Ron DeSantis (R) signed legislation on Thursday requiring most of the state’s money received from its Class III gaming compact with the Seminole Tribe be used for environmental initiatives. Florida Gov. Ron DeSantis signs legislation earmarking revenue received from the state’s gaming compact with the Seminole Tribe for environmental purposes. Seminole Tribal Council…
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Chicago Mayor Johnson Supports Bally’s Amid Brewing Controversies
Chicago Mayor Brandon Johnson (D) is supporting Bally’s (NYSE: BALY) even as the regional casino operator contends with headwinds that could jeopardize its $1.1 billion integrated resort project in the third-largest US city. Chicago Mayor Brandon Johnson (D). He’s supportive of Bally’s efforts to complete a casino hotel in the city. (Image: Chicago Sun-Times) In…
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