Hints and tips:
...It likened the situation to French supermarket chain Casino, which fell into an insolvency process last year that largely wiped out shareholders....
...The share price slump has pushed Entain’s market capitalisation to £5.2bn, well below the value of 2021 takeover offers the group received from Las Vegas-based casino group MGM International and Boston-based...
...Too many and a market begins to look like a casino and raises suspicions of stock manipulation. But they’re not easy to prevent....
...Křetínský has now been employing a similar strategy across unloved media, retail and infrastructure assets, including a winning offer to bail out the debt-laden French food retailer Casino and talks to buy...
...“Every time there is a big bid in France, whether it is Editis or Casino, he’s there,” said one French investor. “He bought his way into the establishment and it’s working.”...
...Out of luck Jean-Charles Naouri had a chance to salvage Casino five years ago and blew it. Now, the French tycoon’s tight grip over the debt-crippled grocery empire has backfired, the FT reports....
...Among the reasons, when he was a junior banker in his twenties, he had so impressed the top brass of the listed casino operator, Penn National Gaming, now called Penn Entertainment, that they invited him...
...In consumer discretionary, the leaders are travel and casino companies. Super-cyclicals such as chips, chemicals and steel are carrying the tech and materials sectors....
...The French regulator opened an investigation into him in 2016 over his campaign against retailer Casino....
...to the end of the company life of SVF2 LLC....
...BRG has previously said it has deemed NSO Group “valueless” to the fund’s investors, meaning they must pin their hopes of recovering cash largely on the sale of the Estonia-based casino operator OEG....
...SCOTUS The Supreme Court will hear oral arguments in the 303 Creative LLC vs Elenis case....
...Since then, new inquiries into care for the elderly, disability services and the casino sector have also highlighted a need for sophisticated document management and compliance testing in other industry...
...The group’s public distancing from its own billionaire co-founder seemed to reassure Nevada gaming regulators who are evaluating whether Apollo is a fit and proper buyer for the Venetian casino in Las Vegas...
...This, after all, is the same firm that cemented its reputation for a take-no-prisoners approach during an epic clash with private equity powerhouse Apollo over the bankruptcy of casino group Caesars....
...A clash with $481bn private equity group Apollo over the bankruptcy of casino group Caesars led to Marks falling out with its founder Leon Black — a longtime friend and fellow Milken acolyte....
...‘Global cabin fever’ At Blackstone, lockdown tested the survival prospects of some of its live entertainment assets, which include the Bellagio casino in Las Vegas, the Great Wolf Resorts chain of indoor...
...Speaking of Apollo, Sujeet has just published a book on the bankruptcy fight of the famous casino Caesars from a half decade ago, The Caesars Palace Coup....
...Though he himself helped spark China’s casino boom, the gambling pioneer’s casinos were notably absent from the industry’s biggest windfall in recent history: sports betting....
...More recently Apollo acquired the operations of Las Vegas Sands marquee resort and casino The Venetian for $2.25bn, the Great Canadian Gaming for $2.5bn and the Italian sports-betting group Gamenet....
...When parts of the Harrah’s casino empire entered bankruptcy in 2015, hedge fund creditors including Appaloosa Management and Elliott Management took a tough line....
...confirms talks with Chinese antitrust regulators (FT + Lex) Deutsche Bank plans Asia equity capital markets rebuild (BBG) Stripe’s $95bn price tag heralds internet shift from ads to commerce (FT) US casino...
...Casinos have caught on, and are angling to get in on the game....
...The US casino group remains locked in an exclusive joint venture with UK gambling group Entain after finally admitting defeat in its attempt to combine the two companies....
...Then the pandemic struck, forcing casino closures across America, and seemingly threatening the closing of the deal....
International Edition