A sports show offering in-game betting odds kicks off this week, a partnership between the Vegas Stats and Information Network (VSiN) and DraftKings.

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Airing on New York-based MSG Networks on weeknights from 7-10 p.m. ET, the show will present betting-line movements and other wagering information as the games are happening in real time. The initial broadcast is Wednesday, Sept. 9. VSiN spokeswoman Michelle Musburger said in an email to Casino.org that the program “was created to capitalize on […]

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The deal, valued at nearly $149 million, fuels speculation the firm could push for a sale of the British bookmaker.

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As of the end of the first quarter, New York-based HG Vora has $7.56 billion in assets under management. Founded in 2009 by Parag Vora, the firm describes itself as focused on “value and event-driven investments.” Talk of a William Hill sale, namely its rapidly booming US business, isn’t new. As sports wagering continues its […]

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It’s a move that will raise capital, but also dilute current investors. On the news, the stock is lower by more than three percent in midday trading.

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Underwriters of the transaction also have a 30-day window in which they can purchase an additional 2.1 million shares, according to a statement issued by the casino operator. Assuming Penn sells 16.1 million shares, it’d raise $1.11 billion, based on Wednesday’s close of $69. In the aforementioned statement, the company doesn’t say at what price […]

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Caesars Entertainment (NASDAQ:CZR) and William Hill (OTC:WIMHY) are reportedly confirming advanced negotiations regarding a takeover of the British sportsbook operator, valuing the company at $3.69 billion.

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The Caesars Palace operator is reportedly making a cash offer of 272 pence a share for the operator of its sportsbooks, valuing William Hill at 2.9 billion British pounds, or a 25 percent premium to where its London-listed shares closed last Friday. The news was originally reported by Bloomberg late Sunday evening. Based on USD/GBP […]

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The Las Vegas Strip reported $317.3 million in gross gaming revenue (GGR) last month, a 39 percent year-over-year loss.

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Data from the Nevada Gaming Control Board reveals that slot machines kept $173.8 million of gamblers’ money, while tables and sports won $143.5 million. August’s haul on the Strip represents a 3.8 percent decline from July when the casinos won $330 million. Statewide, Nevada casinos reported GGR of $743 million, down 22 percent compared with […]

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It’s a move that will return the venerable men’s media property to public markets, and could result in future acquisitions of gaming companies.

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Under the terms of the deal, Mountain Crest, a New York-based special purpose acquisition company (SPAC), will deliver 23.9 million shares at $10 apiece to Playboy investors, and assume $142 million worth of the target’s debt, valuing the company founded by the late Hugh Hefner at $381 million. The blank-check company will also sell $50 […]

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A New Jersey man will spend 41 months in federal prison for stealing nearly $150,000 from a tribal casino in North Dakota.

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Mark A. Johnson, 60, of Mays Landing in Atlantic County, was sentenced this week by District Judge Charles Kornmann. The federal judge ordered Johnson to spend nearly three and a half years behind bars, then undergo supervised release for three years. Johnson pled guilty to Wire Fraud. The conviction stems from what prosecutors say was […]

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