Golden Nugget Parent Company to Go Public

Golden Nugget Parent Company to Go Public Thumbnail

Fertitta Entertainment, the parent company of Golden Nugget, announced Monday that it will once again be a publicly traded company after being private for the last decade. It will make the move not via an initial public offering (IPO), but through a merger with FAST Acquisition Corp, a special purpose acquisition company (SPAC). A SPAC… Read more »

Poker Stocks

MGM Explains Why It Wants to Buy Entain

MGM Explains Why It Wants to Buy Entain Thumbnail

Entain believes it’s worth more When Entain announced on Monday that it had rejected MGM Resorts International’s £8.1 billion ($11.1 billion) acquisition offer, it said that it wanted MGM to “provide additional information in respect of the strategic rationale for a combination of the two companies.” As it turns out, MGM did provide that additional… Read more »

Online PokerPoker Stocks

Entain Rejects MGM’s $11.1 Billion Takeover Offer

Entain Rejects MGM’s $11.1 Billion Takeover Offer Thumbnail

Entain says try again MGM Resorts International has made an £8.1 billion ($11.1 billion) offer to buy online gaming company Entain (formerly GVC Holdings), but Entain says it is not enough. On Monday, the owner of partypoker confirmed publicly that MGM did, in fact, receive a proposal from MGM, but that it “significantly undervalues the… Read more »

Poker Stocks

Paysafe Going Public Via $9 Billion SPAC Deal

Paysafe Going Public Via $9 Billion SPAC Deal Thumbnail

Quick way to become publicly traded Online payment processing company Paysafe Group has agreed to a merger with the special purpose acquisition company (SPAC) Foley Trasimene Acquisition Corp. II (FTAC). As a result, Paysafe will become a publicly traded company. The deal values Paysafe at $9 billion. FTAC is led by billionaire Bill Foley, hence… Read more »

Other Poker NewsPoker Stocks

Evolution Completes NetEnt Acquisition, Hundreds of Employees to Be Laid Off

Evolution Completes NetEnt Acquisition, Hundreds of Employees to Be Laid Off Thumbnail

Shareholders happy, employees out of work Despite all the problems this year, 2020 has been great for online gambling companies because everyone has spent much more time at home. But while things have been lucrative for companies, hundreds of employees of NetEnt are about to find themselves unemployed. On Tuesday, online gaming company Evolution, which… Read more »

Other Poker NewsPoker Stocks

Caesars Entertainment to Acquire William Hill for $3.7 Billion

Caesars Entertainment to Acquire William Hill for $3.7 Billion Thumbnail

Paying a premium Well that was fast. Just two days after Caesars Entertainment confirmed that it was in “advanced talks” to acquire London-based bookmaker William Hill, the deal got done. On Wednesday, the companies announced that Caesars has purchased William Hill for £2.9 billion ($3.7 billion). Caesars paid 272p ($3.52) per William Hill share, a… Read more »

FeaturedPoker Stocks

Caesars Bids $3.7 Billion to Acquire William Hill

Caesars Bids $3.7 Billion to Acquire William Hill Thumbnail

Following a statement last week from William Hill, Caesars Entertainment confirmed on Monday that it is “advanced” talks to acquire the UK-based sports betting leader. The offer on the table right is for Caesars to pay 272p ($3.50) per William Hill share, making the total value of the potential takeover £2.9 billion ($3.7 billion). The… Read more »

FeaturedPoker Stocks

Rush Street Interactive to Go Public in SPAC Merger

Rush Street Interactive to Go Public in SPAC Merger Thumbnail

Online casino and sports betting company Rush Street Interactive announced on Monday that it is merging with dMY Technology Group in order to become a publicly listed company. The combined company has an estimated value of $1.78 billion. dMY is a special purpose acquisition company (SPAC), also called a “blank-check” company. It sells no products… Read more »

Poker Stocks

Golden Nugget Online Gaming to Become Publicly Traded Company

Golden Nugget Online Gaming to Become Publicly Traded Company Thumbnail

Reverse merger Golden Nugget announced on Monday that it will taking its online gambling business unit, Golden Nugget Online Gaming, Inc. (GNOG), public. Once the process comes to fruition, GNOG will become the second “pure” online casino company, as the announcement put it, to be publicly traded. GAN was the first, going public in early… Read more »

Poker Stocks

Flutter Entertainment Acquires The Stars Group

Flutter Entertainment Acquires The Stars Group Thumbnail

In stunning news this morning, The Stars Group, owner of PokerStars, announced that it has agreed to be acquired by Flutter Entertainment plc. Flutter Entertainment is the parent company of PaddyPower, Betfair, FanDuel, Adjarabet, sportsbet, and TVG. A new behemoth is formed It is an all-share deal, with shareholders of The Stars Group receiving .2253… Read more »

FeaturedOnline PokerPoker Stocks

Major Investment Bank Downgrades Major Online Gaming Stocks

Major Investment Bank Downgrades Major Online Gaming Stocks Thumbnail

A major investment bank has taken the surprising step of downgrading the “price targets” – or the future price of a stock – for several of the top performing online gaming and poker sites. The reason? The improvements in technology have become so good that it allows for artificial intelligence – or “bots” – to… Read more »

FeaturedPoker Stocks

GVC Holdings to Buy Ladbrokes Coral Group

GVC Holdings to Buy Ladbrokes Coral Group Thumbnail

Merry Christmas, Ladbrokes Coral Group shareholders. Last week, GVC Holdings, the parent company of partypoker, announced that it has come to an agreement to buy UK gaming powerhouse Ladbrokes Coral in a deal that could be worth as much as £4 billion. “In its relatively short time as a merged entity, Ladbrokes Coral has demonstrated… Read more »

Other Poker NewsPoker Stocks

Scientific Games to Buy NYX Gaming Group

Scientific Games to Buy NYX Gaming Group Thumbnail

Gaming technology developer Scientific Games recently announced that it has agreed to acquire digital gaming provider NYX Gaming Group Limited. According to a press release, the purchase – financed with a combination of cash and debt – will be for CAD $2.40 per outstanding share of NYX, amounting to a total of approximately CAD $775… Read more »

Other Poker NewsPoker Stocks

GVC, Ladbrokes Coral Merger Talks Collapse

GVC, Ladbrokes Coral Merger Talks Collapse Thumbnail

According to a Wednesday report in the Financial Times (FT), GVC Holdings PLC, the parent company of partypoker, attempted to acquire UK bookmaker Ladbrokes Coral during the last few weeks, but had its offer declined. FT says that its two sources close to the situation, GVC set the value of Ladbrokes Coral at 140p per… Read more »

Other Poker NewsPoker Stocks

Amaya Gaming Names Murphy, Turner to Board of Directors

Amaya Gaming Names Murphy, Turner to Board of Directors Thumbnail

As two former members resigned their seats on the Board of Directors, Amaya Gaming announced earlier this week two new directors to take their seats. Venture capitalist Peter Murphy and retired executive Mary Turner will take over the seats of the departing Dr. Aubrey Zidenberg and Army General Wesley Clark, effective immediately. The chairman of… Read more »

Poker Stocks

Information Regarding Baazov Insider Trading Trial Comes to Light

Information Regarding Baazov Insider Trading Trial Comes to Light Thumbnail

Former Amaya Gaming Chief Executive Officer David Baazov has been aggressively fighting the charges of insider trading brought against him by the Canadian government earlier this year. In details released by the Toronto Globe and Mail earlier this month, further information regarding that case is coming to light. Per Globe and Mail reporter Nicolas Van… Read more »

Poker Stocks

Ladbrokes Gala, GVC Merger Talks End

Ladbrokes Gala, GVC Merger Talks End Thumbnail

Merger talks between GVC Holdings and Ladbrokes Coral Group have broken down, according to a Tuesday report by The Financial Times. Shares in Ladbrokes Coral dropped 9 percent on the news Monday, and though they have bumped up slightly since, they have yet to get back to where they were when the markets were excited… Read more »

Other Poker NewsPoker Stocks

Amaya Gaming, William Hill Admit to Merger Discussions

Amaya Gaming, William Hill Admit to Merger Discussions Thumbnail

Ending speculation of what would be a monumental shift in the online gaming and poker industry, this afternoon Amaya Gaming, the parent company for PokerStars, and the powerful online and live betting shop William Hill admitted that they are currently in discussion regarding a merger of the companies. In a joint announcement meant to potentially… Read more »

FeaturedPoker Stocks

What Does Poker Businessman David Einhorn See in Amaya Gaming?

What Does Poker Businessman David Einhorn See in Amaya Gaming? Thumbnail

The name David Einhorn is familiar to many in the poker community. The hedge fund manager who started one of the most watched companies in North America, Greenlight Capital, Einhorn has also shown a proclivity for poker over the past few years. He first struck poker gold at the 2006 World Series of Poker Championship… Read more »

Poker Stocks