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MGM Resorts, King of Las Vegas Strip, Makes First Non-Gaming Investment, Buys 50 Percent Stake in Boutique Hotelier

MGM Resorts International, one of the largest operators on the Las Vegas Strip, is diversifying its resort holdings with a 50 percent acquisition of boutique hotel operator Sydell Group, a deal that represents the… Read More

Resorts World Catskills Sold, Malaysian Billionaire and Genting Take Troubled New York Casino Private

The nearly bankrupt Resorts World Catskills has been sold to majority owner Lim Kok Thay’s family trust, as well as his conglomerate Genting Malaysia Berhad. KT Lim, a billionaire worth an estimated $3.6 billion… Read More

Casino Industry Consolidation Likely Spurs More Sale-Leaseback Deals, Say Real Estate Experts

As consolidation picks up in the casino gaming industry, commercial real estate analysts believe so will the level of sale-leaseback transactions. Sale-leaseback deals, or SLBs, are commonplace in the industry and often viewed as… Read More

AGS Acquires In Bet Table Games Manufacturer, Company Hopes to Reverse Dismal Stock Performance

AGS, a Las Vegas-based gaming equipment provider, has acquired the remaining assets of In Bet, a smaller table games manufacturer headquartered in New Jersey, for an undisclosed sum. AGS teamed up with In Bet… Read More

Kevin Ortzman Reportedly Out as Regional President for Caesars Atlantic City Under Cloud of Controversy

Kevin Ortzman — who was regional president for Bally’s Atlantic City, Caesars Atlantic City, and Harrah’s Resort Atlantic City — has left the influential Caesars Entertainment Corp. position he held for two years, unnamed… Read More

MGM Growth Properties Will Look at ‘Each And Every Asset on the Strip’ That Comes up for Sale

MGM Growth Properties LLC (NYSE:MGP) already owns integrated resorts on the Las Vegas Strip. But the company isn’t being shy about its intent to potentially add to its Sin City portfolio. MGP, which was… Read More

Gaming And Leisure Properties ‘Following The Bread Truck,’ Could Buy Eldorado, Caesars Casinos

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI), the owner of casinos in 17 states, could be a buyer of additional venues if such assets come up for sale amid consolidation in the gaming industry. As… Read More

MGM Didn’t Consider Buying Caesars Properties Before or After Eldorado Deal, Won’t Do So Going Forward

MGM Resorts International (NYSE: MGM) didn’t consider buying properties from rival Caesars Entertainment Corp. (NASDAQ: CZR) before or after Eldorado Resorts, Inc. (NASDAQ: ERI) announced a $17.3 billion takeover offer for the Las Vegas-based… Read More

Sands Bethlehem Officially Changes Name to Wind Creek Bethlehem to Reflect New Ownership

The Sands Bethlehem is now the Wind Creek Bethlehem, this week officially adopting the name of its new owner, Wind Creek Hospitality. Wind Creek is the business arm of the Alabama-based Poarch Creek Indians,… Read More

Twin River to Acquire Two Eldorado Casinos in Mississippi and Missouri for $230 Million

Twin River Worldwide Holdings has announced Thursday that it will acquire two Eldorado Resorts casinos, the Isle of Capri Casino Kansas City, Mo., and the Lady Luck Vicksburg, Miss., for an all-cash transaction of… Read More

Casino Union Members Authorize Strike at Eldorado Resorts Property in Florida

Members of a casino union in Florida have voted to authorize a strike at the Isle Casino Pompano, which is owned by Eldorado Resorts. Unite Here Local 355, an affiliate of the nationwide Unite… Read More

Bookmaker Flutter Entertainment Denies Private Equity Takeover Rumors After Shares Skyrocket Mysteriously

A sudden surge in the share price of Flutter Entertainment, the company until very recently known as Paddy Power Betfair, was sparked by speculation it had become the target of an unnamed buyer who… Read More

Caesars Entertainment Shareholders Approve Carl Icahn Board Members, Vote to Review Compensation Annually

Caesars Entertainment investors have formally approved of several board of directors handpicked by billionaire Carl Icahn who will help lead the company through its $17.3 billion acquisition by Eldorado Resorts. In filings made with… Read More

DraftKings to Buy SBTech? Multiple Sources Say Deal is Close

DraftKings is rumored to be very close to acquiring sports betting solutions giant SBTech in a deal that would provide the daily fantasy sports company with its own in-house betting software and potentially vastly… Read More

Billionaires Phil Ruffin, Tilman Fertitta Remain Interested in Caesars Strip Casinos Following Eldorado Acquisition

Treasure Island owner Phil Ruffin says he’s still interested in expanding his Las Vegas casino portfolio by way of acquiring a Caesars Entertainment Strip property after the company agreed to an acquisition by Eldorado… Read More