Greek gambling company Bally’s Intralot has agreed to acquire British bookmaker evoke plc in an all-stock deal for 52 pence per share. That represents a 30% premium over Thursday’s closing price, bringing the total purchase price to approximately £243 million ($326 million). Shares in evoke jumped 15% to 46p on Friday’s news. The industry has… Read more »
Part of the lease sale With only about two months before the deadline to submit New York City casino proposals, the Associated Press noticed a detail with one of the competitors that is, at the very least, quite interesting. Bally’s, which wants to build one of three downstate casinos in the Bronx, will have to… Read more »
According to a gaming industry analyst, cash-strapped Bally’s Corporation could look to sell the land on which the Tropicana Las Vegas sits now that the casino is closed. CBRE Credit Research VP of Credit Research Colin Mansfield said in a Monday investor report that Bally’s could be willing to part with the land to fund… Read more »
K&F calls shenanigans Bally’s shareholder K&F Growth Capital has issued a letter to the company’s Board of Directors, urging it to reject the acquisition deal offered by Standard General, Bally’s largest shareholder In the letter, K&F accuses Soo Kim, Chairman of Bally’s and the founder of Standard General, of taking advantage of the drop in… Read more »
Hedge fund Standard General has made an offer to buy gambling Bally’s Corporation for $15 per share, equating to a company valuation of $648 million. Standard General is already the largest Bally’s shareholder, owning 23% of the company. Monday’s offer was a substantial 41% premium over Bally’s share price at Friday’s close. The offer is… Read more »
First things first Bally’s Corporation has acquired the lease to operate the Trump Golf Links at Ferry Point in the Bronx from Donald Trump’s company, the Trump Organization. The exact dollar amount involved has not been made public, but Eric Trump, the disgraced former President’s son, said it was an “exceptional offer.” Speculation has the… Read more »
For many, the 2023 World Series of Poker is the “only game in town” right now. But there is other news going on in the world of gaming. Last week, in a move that was predicted earlier this year on Poker News Daily, Rhode Island moved one step closer to passing regulations regarding online casinos.… Read more »
One of the parlor games that the gaming industry likes to play is “Which state will be the next to pass online gaming regulations?” Of course, there are the usual suspects – California, Texas, and Florida, to name a few – but there is one state lurking out there that has escaped notice…that is until… Read more »
Releasing the full schedule five months before the cards hit the air, the World Series of Poker is certainly vacuuming up the air in the poker community. On Thursday, WSOP and Caesars officials released the day-by-day schedule for this year’s festivities, which will run from May 30 to July 18. There is also going to… Read more »
If you are looking for action in Las Vegas on Saturday, then the 2022 World Series of Poker at Bally’s and Paris Las Vegas has everything you need. A variety of poker disciplines will be on display over the two properties, including Omaha, Deuce to Seven Lowball and a Mixed Game tournament. Of course, the… Read more »
The first weekend of the 2022 World Series of Poker is ready to go on Friday, with two tournaments down to their final day of action. The first “big” preliminary tournament will also take to action, while the “big” high roller event will work down to its final four. It sets up for a busy… Read more »
Bally’s is banking on the quality of its Bally Bet product being the draw when it enters the New York and Arizona online sports betting markets. While most operators try to jump into a new market on day one or at least as quickly as possible, Bally’s is taking its time. In last week’s earnings… Read more »
Consistency across the board Bally’s Corporation plans to rebrand almost all of its casinos with the Bally’s name within the next year. Continuing a branding push since acquiring the Bally’s brand, the company’s president and CEO explained in an investors conference call on Monday that the decision is about increasing brand awareness. “In the next… Read more »
No, Bally’s didn’t buy itself Bally’s Corporation announced on Wednesday that it has completed its acquisition of Bally’s Atlantic City from Caesars Entertainment. The two companies previously agreed to the $25 million (yes, only $25 million) deal in April. If it sounds strange that Bally’s has acquired Bally’s, don’t worry. Bally’s was very recently called… Read more »
