Casino operator Bally's stock soars 24% after hedge fund makes buyout offer

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World Casino News

Illinois Casinos Expereince Spring Revenue Downturn

In line with a nationwide trend of declining monthly gaming revenue, Illinois' 15 casinos experienced a notable dip in earnings. Revenue amounted to $136.6 million, marking a 10.3% decrease compared to March's total of over $152.3 million. The anticipated decline follows a surge in gambling activity typically observed in March due to events like…

Finance ・ 16 May 2024

Seeking Alpha

Las Vegas reshuffle: Out with the Tropicana and in with the Oakland A's

The historic Tropicana Las Vegas casino and hotel property closed last week after 67 years in operation. The Tropicana was the most expensive Las Vegas resort built to date when it opened in April 1957. The closing of the Tropicana means that the only surviving property on the Las Vegas Strip from the 1950s is the Sahara. The land beneath the site…

Land-based ・ 08 April 2024

The Nevada Independent

Indy Gaming: Bally’s may go private to deal with debt. Will it affect Vegas stadium?

The chairman of Bally's Corp. wants to take the casino company private. What could this mean for the A's stadium given its involvement? Also, a Laughlin casino is facing a $500000 fine from gaming regulators after members of its security team roughed up an employee and customer. Meanwhile, wagering in March Madness could top $2.7 billion…

Incidents ・ 20 March 2024

What's Up Newp

Rhode Island becomes the seventh state to launch online casino gaming

Residents of Rhode Island can place bets on casino games online starting at noon today as the state becomes the seventh in the US to launch such an app. The online casino, iGaming, will allow residents to play slots and table games located in the state. Bally's, the casino operator, says it expects the app to create between 50 and 75 jobs.

Industry ・ 05 March 2024

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

golocalprov.com

NEW: Bally’s iGaming App is Now LIVE

has officially launched its new "online casino experience" - known as iGaming - in Rhode Island as of noon on Tuesday. The new app will allow customers to play slots and table games anywhere in the State of Rhode Island on a desktop or on an iOS stand-alone mobile app. According to Bally's, the public launch of the online gaming product follows a…

Industry ・ 06 March 2024

Chicago Tribune

Bally's gets Gaming Board approval to open temporary casino

After years of planning, months of buildout and several days of monitored practice sessions, Bally's Chicago got the green light Friday from the Illinois Gaming Board to launch the city's long-sought first casino. Medinah Temple in River North is set to swing open its doors this weekend, welcoming gamblers to try their luck at an ornate temporary…

Land-based ・ 09 September 2023

Vegas Slots Online

VICI Adds Two Las Vegas Casino Properties in $5.5bn Deal

In one of the biggest casino deals of 2022, VICI Properties has taken full ownership of MGM Grand Las Vegas and Mandalay Bay in a transaction valued at $5.5bn. [Image: Shutterstock.com] In what the Wall Street Journal has deemed one of the biggest US casino deals of 2022, private equity giant Blackstone is selling its 49.9% stake in MGM Grand Las…

Land-based ・ 02 December 2022

Best Stocks

On Wednesday, Las Vegas Sands (LVS) will report its quarterly earnings.

Las Vegas Sands (NYSE: LVS) will release its results report for the prior quarter on Wednesday, October 19, after the stock market has closed. There is a general agreement among those who follow the market that Las Vegas Sands will report a loss of $0.20 per share for the third quarter. On July 20, Las Vegas Sands (NYSE: LVS) released their most…

Finance ・ 18 October 2022

GMToday

Bally’s files application with state for first Chicago casino

Bally's filed its application with the Illinois Gaming Board on Wednesday, taking a major step in the process to build Chicago's first casino and the flagship property for its fast-growing company. The application was posted on the gaming board website Thursday morning. The clock is now running for the publicly traded Rhode Island-based company to…

Travel ・ 12 August 2022

Chicago Tribune

Chicago has a casino deal. Are slot machines at the airports next?

The state law that granted Chicago a casino also bestowed another nugget on its developer: the chance to install slot machines at O'Hare International Airport and Midway Airport. Mayor Lori Lightfoot's pick for the Chicago casino - a Bally's-run entertainment and gambling complex in River West - was announced at a celebratory news conference…

Travel ・ 07 May 2022

Golden Casino News

Bally's Acquires $5M Stake in Snipp, Integrates Gambit Rewards Program

A deal was inked by a subsidiary of Bally's Corporation and Snipp Interactive to purchase a minority position in the global supplier of digital marketing promotions, rebates, and customer loyalty solutions. One of Bally's Corporation's subsidiaries will invest a total of $5 million in Snipp, and as a result of the investment, the subsidiary will be…

Sports ・ 25 April 2022

Crain's Complete Business

Bally's casino proposal on Tribune Publishing site gets pushback in public hearing

Amid vocal opposition, the backers of Bally's casino proposal at the Tribune Publishing site along the Chicago River argued Wednesday night their plan would decrease traffic and increase public space over what is already permitted to be built at the site. The $1.74 billion casino and hotel along the North Branch of the Chicago River, between…

Sports ・ 07 April 2022

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Review Journal

Casino chain Bally’s set to examine buyout offer

Casino operator Bally's Corp. has taken steps to examine a buyout offer from its largest stockholder. Bally's, which is buying the Tropicana hotel-casino on the Strip, announced Thursday that its board formed a "special committee of independent and disinterested directors" that is authorized to evaluate New York investment firm Standard General's…

Industry ・ 04 February 2022

Delaware Business Now

Dealmaking is the name of the game for Dover casino resort owner Bally's

Wink and you might miss the latest news on Dover casino-racetrack owner Bally's. The company that recently rebranded the former Dover Downs to the Bally's name is busy building an international empire off a vaguely familiar name in the gambling business. The deal-making kicked into high gear in 2019, with the acquisition of Dover Downs. Earlier,…

Travel ・ 02 February 2022

Yogonet

Aristocrat to acquire Playtech for $3.7B to compete in US online gambling market

Playtech's shares rose 57% on Monday after the agreement was done. The offer values Playtech at $9.35 per share, a premium of about 58% of the company's last closing price on Friday. The combination of both companies is expected to create one of the largest B2B platforms in the gaming industry. The Australian supplier seeks to seize opportunities…

Industry ・ 14 November 2021

LA Progressive

What Is Free Credit In Online Casino Websites?

Free credit balance has been defined as the money held in the margin account of a client at a financial broker-dealer which can withdraw as on demand at any given time without requiring collateral. Free money balance is usually calculated as the balance remaining at a margin account when margin requirements, minimum purchase, short sale, dividends,…

Trust and Safety ・ 02 November 2021

Share Cafe

Aristocrat Set to Take Massive UK Gamble

Poker machine and technology group Aristocrat Leisure is asking shareholders for $1.3 billion to help fund a massive $5 billion purchase of UK-listed global gambling software group Playtech. News of the huge deal and fundraising saw trading in Aristocrat shares halted yesterday to allow the placement to be done to investors at the big end of…

Travel ・ 19 October 2021

Reuters

Australia's Aristocrat Leisure makes $2.9 bln bet on online gambling provider Playtech

Oct 18 (Reuters) - Australia's Aristocrat Leisure (ALL.AX) said on Monday it would buy London-listed gaming software supplier Playtech (PTEC.L) for 2.1 billion pounds ($2.89 billion), offering new growth areas for the gambling machine maker including real money gaming. Playtech shares soared 57% to a three-year high and were trading 6.5 pence short…

Travel ・ 18 October 2021

Bloomberg Quint

Playtech’s $3.7 Billion Deal Continues Online Gambling Frenzy

Shares in the British gambling software developer Playtech Plc soared by nearly 60% after the company agreed to a A$5 billion ($3.7 billion) takeover by Australian slot-machine maker Aristocrat Leisure Ltd. The deal would mark the latest in a long list of tie-ups aimed at staking out an early advantage in online gambling, which was already…

Travel ・ 18 October 2021

Bloomberg Quint

Aristocrat to Buy Playtech in $3.7 Billion Gaming Deal

Industry ・ 31 October 2021

Asgam

Aristocrat launches US$2.9 billion bid to acquire online platform provider Playtech

Australian slot machine giant Aristocrat has launched an AU$3.9 billion (US$2.9 billion) bid to acquire online gaming platform provider Playtech plc. According to a Monday filing, Aristocrat has already received letters of intent or irrevocable undertakings from Playtech shareholders representing 20.7% of the company's outstanding shares, with the…

Strategy Guide ・ 18 October 2021

The Nevada Independent

Indy Gaming: Fitch Ratings revises its outlook toward Las Vegas casino recovery, sees rebound by 2023

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. Please to sign up and receive Indy Gaming in your inbox. Fitch Ratings gaming analyst Colin Mansfield waited in line patiently to sample a specialty item offered by Boon Tong Kee, one of the…

Land-based ・ 21 July 2021

The Real Deal

Bally’s Buys Operations At Las Vegas’ Tropicana Casino

Bally's is making a bet on the Tropicana Hotel & Casino in Las Vegas. Bally's agreed to buy the operations business for the hotel and casino, while the REIT Gaming & Leisure would retain its ownership of the property itself and continue to collect rent, Bloomberg News reported. Bally's has been on an acquisition streak lately, having recently…

Travel ・ 07 May 2021

The Nevada Independent

Bally’s grows Las Vegas presence with stadium, Trop renovation

Lost in the news surrounding the entry of casino operator Bally's Corp. as a partner in the effort to bring Major League Baseball to Las Vegas were executive suite management changes. The Rhode Island-based company last week named Marcus Glover as chief financial officer. His experience includes overseeing two of MGM Resorts International's largest…

Industry ・ 20 May 2023