Mergers, Acquisitions &amp; Partnerships

April 15, 2016

Australia, Latest Casino and Gambling News, New Zealand, Mergers, Acquisitions & Partnerships, United Kingdom

SkyCity Entertainment Group, a New Zealand and Australia casino operator, says it won’t instigate talks but would consider a takeover by Aussie rival The Star Entertainment Group conditional upon the lead being...

$975m – $1.2 billion MGM (RIET) IPO set for Friday; Terms announced

Latest Casino and Gambling News, North America Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships

April 11, 2016

MGM Growth Properties LLC MGM Resorts International's (nyse:mgm) real estate investment trust (REIT), has announced the terms of its initial public offering (IPO). The REIT will be birthed with a portfolio con...

Sun International drops Peermont Group acquisition

April 8, 2016

Latest Casino and Gambling News, South Africa, Economy/Finance, Mergers, Acquisitions & Partnerships

Wednesday South Africa’s Sun International (JSE: SUI) announced that it planned to halt its R9.5 billion ($623 million) plan to take over rival Peermont Group. South Africa’s Competition Commission recommended ...

NYX pulls off £270m acquisition of rival OpenBet

April 6, 2016

Online gaming software, Latest Casino and Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, United Kingdom

NYX Gaming Group has managed to come to an agreement with OpenBet and confirmed it will be taking over the company for $270 million; the betting technology outfit is currently owned by the hedge funders Vitruvi...

Paddy Power Betfair reveals plans to cut 300 Irish jobs

April 5, 2016

Latest Casino and Gambling News, Employment & Careers, Mergers, Acquisitions & Partnerships, Labor Relations, United Kingdom

Now that the €10 billion merger of Paddy Power and Betfair has been completed and the company had enough time to do calculations, the new entity, Paddy Power Betfair, revealed plans to cut around 10% of its wor...

Non-gaming business of Imperial Pacific dropped to focus on Saipan

April 3, 2016

Latest Casino and Gambling News, Hong Kong, Mergers, Acquisitions & Partnerships, Saipan

On Tuesday, gaming investor Imperial Pacific International Holdings Ltd (HKG: 1076), which holds a casino license for the Pacific Island of Saipan, said its subsidiaries engaged in other business segments are b...

Genting announces first investment, management deal with Mashpee First Light casino in Massachuetts

April 2, 2016

Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Massachusetts

Genting Malaysia Bhd (GenM) said in a statement this week that the Mashpee Wampanoag Tribe has appointed them as manager of First Light Resort & Casino which is scheduled to break ground in Taunton, Massach...

Nassau OTB to bring 1000 slots to Resorts World Casino at Aqueduct

April 2, 2016

Latest Casino and Gambling News, Casino expansion projects, Licenses, Mergers, Acquisitions & Partnerships, New York

Nassau County Off-Track Betting Corporation couldn't catch a break after being granted the right to offer slots in 2013 in an effort to bolster revenues and keep the business alive. Protesters and community gro...

MGM bidding on running an arena near its planned casino in Massachusetts

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

April 1, 2016

MGM Resorts International is looking to operate a state-owned convention center and arena near its planned $950 million casino in downtown Springfield. On Thursday, the Las Vegas-based company announced it w...

Garapan Annex property eyed by Best Sunshine

Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, Northern Mariana Islands

March 30, 2016

This article has been updated. A local source reports that Best Sunshine International, owned by Imperial-Pacific, has been eyeing an idle piece of property owned by the Northern Marianas Housing Corp. (NMHC...

Pinnacle Entertainment to take over Meadows Racetrack and Casino for $138 million

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

March 30, 2016

In December, 2015, Gaming & Leisure Properties Inc. (GLPI) acquired Meadows Racetrack and Casino for $440 million. Several months later in March, 2016, Pinnacle Entertainment revealed that the company will ...

Casino site in D’Iberville bought by Poarch Creek Indians

March 30, 2016

Latest Casino and Gambling News, Tribal Gaming, Mergers, Acquisitions & Partnerships, Mississippi

The Royal D'Iberville casino site in D'Iberville, Mississippi has been purchased by the Poarch Band of Creek Indians, who operate casinos in Alabama and Florida. According to Biloxi attorney Michael Cavanaug...

Transfer of casino properties approved by Missouri Gaming Commission

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

March 29, 2016

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In a unanimous decision on Wednesday, the Missouri Gaming Commission voted 5-0 to allow the transfer of Pinnacle Entertainment’s casino properties in Missouri to a real estate investment trust (REIT). The ca...

Six companies shortlisted as bidders for taking over Savan Vegas casino in Laos