Just six years after it was bought in a $17.3 billion deal, Caesars might be on the move again. According to the Financial Times, the company has received acquisition offers and one name that is courting the gaming giant is Tilman Fertitta, owner of Landry’s, Inc. and the NBA’s Houston Rockets. As the FT noted,… Read more »
Sometimes it is all about timing. Reports out of the North Carolina State Lottery Commission, which oversaw the rollout of online sports betting in the state, indicate a great desire for the activity. How much? Within hours of launching in March, eight figures in revenues (and payouts) had been won by North Carolinians. ACC Tournaments… Read more »
Considering it is the birthplace of the most popular form of poker in the world, Texas’ record on gambling is quite convoluted. Currently, the state does not allow for any type of gambling – officially – although there has been an influx of poker “clubs” throughout the Lone Star State. Looking forward to 2023, a… Read more »
Make way for another huge casino on the Strip The Las Vegas Strip’s skyline is about to get more crowded. On Wednesday, the Clark County Commission approved entertainment and dining mogul Tillman Fertitta’s plans for a 43-story, 2,420-room (!) casino resort on the southeast corner of Las Vegas Boulevard and Harmon Avenue. The property would… Read more »
Billionaire owner of the Golden Nugget casinos Tilman Fertitta is buying a six-acre piece of land on the Las Vegas Strip for over $200 million. The land, currently occupied by a Travelodge motel, restaurants, and retail, is on the southeast corner of Las Vegas Boulevard and Harmon Avenue. It’s a solid spot, in between the… Read more »
DraftKings has announced that it will acquire Golden Nugget Online Gaming (GNOG) for $1.56 billion. The purchase will be an all-stock transaction, no cash. The sports betting company will get GNOG’s brand, products, and arguably most importantly for DraftKings, its database of 5 million customers. “Our acquisition of Golden Nugget Online Gaming, a brand synonymous… Read more »
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 »
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 »
Sports betting has been all the rage in Atlantic City casinos since it became legalized in New Jersey last year. Aside from in-house amenities, there is never going to be a massive difference between sportsbooks, so most casual gamblers probably won’t go wrong with whatever casino they are visiting at the moment.* Place a bet,… Read more »
Over the past decade or so, there have been many rumors regarding the future of Caesars Entertainment. Even after the company, then known as Harrah’s, purchased the World Series of Poker back in 2004, there was some thought that the company would be sold and the WSOP would be either sold as a separate entity… Read more »
