"Merger" Tag Results

By Tomas Medon

Star Entertainment Group Proposes Merger with Crown Resorts

May 10, 2021

World-renowned gaming and entertainment operator The Star Entertainment Group has recently revealed its plans to buy Crown Resorts Limited, its biggest competitor. This announcement came after the company submitted a conditional, non-binding, indicative proposal to merge which, if successful, will see the creation of Australia’s biggest gambling giant yet with a total of seven properties […]

By Ameana Jones

Caesars and Eldorado Resorts Finally Close Their Long-Awaited Merger

July 21, 2020

On Monday, July 20, Eldorado Resorts Inc. announced that it had finally completed the $17.3 billion buy out of Caesars Entertainment Corporation. The merger which consisted of $8.58 billion in cash and stock plus an additional $8.8 billion worth of Caesars Entertainment’s debt, has been generating a lot of buzz in the gambling industry. This […]

By Elaine West

Indiana Approves Eldorado-Caesars Merger

July 14, 2020

The mega-merger between Caesars Entertainment and Eldorado Resorts is drawing nearer to closing thanks to the approval from the states that are involved. Last week, the gaming regulators in Nevada gave the green light to the two gaming companies leaving only Indiana and New Jersey on the list of approvals needed for the merger to […]

By Elaine West

Nevada Gambling Regulators to Review Caesars-Eldorado Merger

July 7, 2020

Despite the slowdown that came forth due to the coronavirus pandemic, many developments are beginning to pick up the pace as efforts to bring the world back to normalcy. Many of the developments that were progressing in the United States before the pandemic hit are also getting back on track. One of these ongoing developments […]

By Grant Mahon

Golden Nugget Online Gaming Inks Landmark Deal with Landcadia

June 30, 2020

The Tilman Fertita-owned Golden Nugget Online Gaming has recently announced a reverse merger with Landcadia Holdings II Inc. which is a special-purpose acquisition company. This is a very strategic move for the seven-year-old iGaming business especially considering that it will be only the second pure publicly-traded iGaming company in the United States. Golden Nugget already […]

By Ameana Jones

Stars Group Cuts Jobs Ahead of Upcoming Merger with Flutter

March 3, 2020

Renowned Canadian online gambling operator The Stars Group has recently let go of a number of its employees at its office in Dublin. The move comes amid the company’s preparation for its long-awaited merger with the Irish-based Flutter Entertainment which was arguably its biggest rival in the gaming space. The job cuts in question were […]

By Tomas Medon

Harrah’s Reno to Be Sold Ahead of Caesars-Eldorado Merger

January 17, 2020

On Wednesday, renowned gaming and hospitality operator Caesars Entertainment Corporation and VICI Properties, its real estate investment trust, announced that they will be selling Harrah’s Reno Hotel and Casino. The property which is based in downtown Reno will be sold to CAI Investments, a Las Vegas-based real estate group.  Its sale will earn the sellers […]

By Ameana Jones

DraftKings Going Public with Triple Merger Deal & $3.3B Valuation

December 24, 2019

Renowned sports betting operator DraftKings has plans to kick off 2020 on a very high note. The company is set to go public within the first half of the coming year in a three-way deal with SBTech and an acquisition fund founded by former Hollywood executive Jeff Sagansky. Diamond Eagle Acquisition Corporation, the acquisition fund […]

By Alexander Palmer

Evolution Inks Live Casino Deal with Flutter Entertainment

October 25, 2019

Last Tuesday, Evolution Gaming announced its new partnership deal with Paddy Power and Betfair, the two popular brands of the Flutter Entertainment. The renowned sports betting, gaming and entertainment provider hopes to leverage the power of Evolution Gaming’s award-winning Live Casino portfolio. This move is intended to allow the gaming operator to further strengthen its […]

By Ameana Jones

Eldorado Resorts Acquires Caesars in $17B Casino Merger

June 25, 2019

Caesars Entertainment, one of the most popular names in the world of gambling, has recently agreed to be bought by Eldorado Resorts in a deal that is estimated to be worth a whopping $17.3 billion. This move will effectively create one of the biggest gambling firms in the United States while at the same time […]