Hints and tips:
...Last year Yu teamed up with short seller Cyrus de Weck to form a new hedge fund, General Industrial partners, which is now associated with Gotham City....
...Entain earlier this month pledged to install four new non-executive directors to its board to fill gaps following departures this year....
...In 2012, the US casino operator floated a 1.4 per cent stake in New York after a debt restructuring. They leapt 71 per cent on debut....
...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....
...It was less neon-clad casino and more considered roundtable. “We have this 24-hour news system of talking heads and people who are never held accountable for any of the predictions that they make....
...Centerview notched some big wins in the early years from old and new clients including advising the likes of AB InBev, Altria, Kraft Foods and Rupert Murdoch’s News Corp....
...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....
...And it was just it was like, that’s what was in New Orleans. You call me in that moment. So if you said the moment before that moment, how is this going to go wrong?...
...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....
...Five more stories in the news 1....
...At the conference the following day, a four-piece brass band toured the Marriott and periodically broke into New Orlean-style jazz, attendees were introduced to “Ape Poker”, NFT-designed playing cards, and...
...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...
...New Orleans and the state of Louisiana have recently reinstated indoor mask mandates because of a surge in Covid-19 infections and hospitalisations....
...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....
...Orléans-Braganza said he was “honoured to be part of this project”. “The new platform came about to combat the tyranny of Big Tech,” he added, writing on the Facebook-owned website....
...Investing in Asia is not new for Oaktree, which first began dabbling in the region three years after its launch....
...By then, the casino group and its private equity owners had settled the bankruptcy case for nearly $6bn, and Harrah’s, rechristened as Caesars Entertainment, was largely under new ownership....
...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....
...Then the pandemic struck, forcing casino closures across America, and seemingly threatening the closing of the deal....
...Analysts expect the company to examine potential investments in New York and Texas, and in the growing sports betting market....
International Edition