Mergers, Acquisitions & Partnerships

MGM/Jett Gaming LLC close on Gold Strike Casino

May 4, 2015

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Nevada

JETT Gaming LLC and Jean Ventures, LLC have become the second operators in as many months to buy up a small Nevada casino from MGM Resorts International. The Gold Strike Hotel and Gambling Hall in Jean, Nevada ...

Penn National Gaming to buy Tropicana Las Vegas

Lars Jones

April 29, 2015

Mergers, Acquisitions & Partnerships, Nevada

Tropicana Las Vegas is being sold to Penn National Gaming Inc. for $360 million. The deal was announced today. The iconic hotel and casino has been on the the Las Vegas Strip for nearly 60 years and has seen ab...

Tony Fung to list Canberra Casino on ASX with Discovery Resources

Sam Mitchell

April 20, 2015

Latest Casino and Gambling News, Australia, Casino News, Mergers, Acquisitions & Partnerships

Discovery Resources is acquiring Canberra Casino in a move to enter the entertainment industry from its current position in the natural resources sector. The acquisition will lead Discovery Resources to change ...

South Korean casino operator GKL denies partnership plans with US Mohegan Tribe

Sam Mitchell

April 16, 2015

Latest Casino and Gambling News, Casino proposals, Casino News, North America Casino News, Mergers, Acquisitions & Partnerships, South Korea

Korea Economic Daily quoted investment banking sources this week and announced that Grand Korea Leisure Co Ltd had plans to enter into a partnership with the Mohegan Tribe to construct a billion dollar casino...

AGA wants partnership with state AG’s to crackdown on illegal gambling

Sam Mitchell

April 14, 2015

Latest Casino and Gambling News, Casino News, North America Casino News, Mergers, Acquisitions & Partnerships, Crime

Casino groups including owners and machine manufacturers would like to team up with the National Association of Attorney Generals to stop illegal gambling. In a Monday April 13, 2015 press conference, Geoff Fre...

Railroad Pass, oldest operating casino in US sold to Henderson real estate developer

Sadonna Price

April 3, 2015

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Nevada

Railroad Pass is considered the oldest casino in the state of Nevada still active today after opening in 1931. The casino was recently purchased by Joe DeSimone Jr. from MGM Resorts International for an undiscl...

Casino union employees want purchase of Pinnacle Entertainment assets stopped

Sam Mitchell

April 2, 2015

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Missouri

The union representing casino employees is asking for the Missouri Gaming Commission to step in and stop a hostile purchase of Pinnacle Entertainment Corp casino's real estate assets. The purchase offer has bee...

Donaco won’t close on Poipet casino before July

Sadonna Price

March 31, 2015

Latest Casino and Gambling News, Cambodia, Casino News, Mergers, Acquisitions & Partnerships

Donaco International is a casino operator based in Australia that is set to acquire the Star Vegas Resort and Club which is located in Poipet, Cambodia. The company is set to close on the property by July 1st. ...

Penn National Gaming seeks way out of Lawrence Downs Casino and Racing Resort

Sadonna Price

March 31, 2015

Latest Casino and Gambling News, Horse Racing, Casino News, Casino project updates, Mergers, Acquisitions & Partnerships, Pennsylvania

Based on casino gaming competition in the western portion of Pennsylvania, Penn National Gaming has decided to remove themselves from a casino project for the Lawrence County area near the Ohio border. Penn Nat...

Manhattan developer and NJ real estate executives may have winning bid for Revel

Sam Mitchell

March 30, 2015

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Bankruptcy, New Jersey

North New Jersey news has reported that one of the top NJ real estate executives and a wealthy Manhattan developer may join hands and bid for Revel Casino. The casino is bankrupt and currently for sale in Atlan...

Landing and South Korea – No casino deal

Sam Mitchell

March 30, 2015

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, South Korea

Landing International Development was in negotiations with South Koreans to purchase the Alpensia Casino & Resort in remote Pyeongchang-gun county in the township of Daegwanyeong-myeon. On Monday March 30,...

Vinacapital gains two new partners for casino resort

Sam Mitchell

March 27, 2015

Latest Casino and Gambling News, Casino News, Casino project updates, Mergers, Acquisitions & Partnerships, Vietnam

VinaCapital, a Vietnam based company, is going to gain two new partners for their Vietnam casino resort project. Genting Malaysia was originally a 20% stakeholder in the project, with VinaCapital holding the ot...

Peermont Group opposition no longer an issue for Sun International

Sam Mitchell

March 27, 2015

Latest Casino and Gambling News, South Africa, Casino News, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

A Sun International spokesperson told media on March 26, 2015 that they are going ahead with transferring their Morula Sun Hotel and Casino license to their upcoming Time Square Casino in Menlyn Maine in Pretor...

Shareholders overwhelmingly approve Melco Crown delisting from Hong Kong stock exchange

Lars Jones

March 26, 2015

Latest Casino and Gambling News, World Casino News, Macau, Mergers, Acquisitions & Partnerships, Financial Press Releases

Melco Crown Entertainment Ltd submitted an application for the voluntary withdrawal from the Hong Kong Stock Exchange (HKEx) on January2. The Macau based company announced on Tuesday that over 95% of their shar...

Neteller now takes Bitcoin!

Lars Jones

March 26, 2015

Latest Casino and Gambling News, Gaming Industry News, Poker, Online Gambling News, Mergers, Acquisitions & Partnerships, Financial Press Releases

Strategic agreement with BitPay gives NETELLER merchants ability to grow globally LONDON, MONTREAL and NEW YORK (March 25, 2015) -- Optimal Payments Plc (LSE AIM: OPAY), a leading global online payment solutio...