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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Currently, the province’s District Planning Appeals Tribunal (LPAT) is reviewing the decision to approve the project.

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Greater Sudbury casino expansion has faced fierce opposition, with critics of the project claiming the decision-making process is flawed. Anti-project activists also said there has not been enough public consultation on the issue so far. With all obstacles looming, the project may not officially begin until the first six months of 2019. Investors argue that […]

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GLPI, the real estate investment trust of the Pennsylvania-based casino operator, will additionally collect $7.77 million in annual rent from Penn.

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Penn National developed Hollywood Casino Perryville in 2010. It was sold to GLPI during a corporate restructuring and the formation of the real estate investment trust in 2013. GLPI operated the casino over the past seven years. Hollywood Casino Perryville is one of Maryland’s three smaller resort-style gaming properties. Of the more than $1.75 billion […]

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