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Entain PLC
Entain examines possible sale of overseas gambling brands
...It would also allow the FTSE 100 group to invest more in BetMGM, its joint venture with casino group MGM Resorts International in the US, its fastest-growing market....
March 14, 2024
News in-depthCyber Security
MGM hack followed failed bid to rig slot machines, ‘Scattered Spider’ group claims
...The owner of some of those storied casinos on the Las Vegas strip, including the Bellagio, the Aria, the Cosmopolitan and Mandalay Bay, had to resort to “manual mode” gambling, including cash payouts and...
September 14, 2023
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
DraftKings
DraftKings discussed bid for William Hill owner 888
...Las Vegas-based casino operator MGM Resorts International, which runs a US joint venture under the name BetMGM, also had a bid rejected for the Ladbrokes owner....
November 9, 2023
Digital Media
Independent in talks to take control of BuzzFeed and HuffPost in UK
...The business has focused on investing in international expansion, ecommerce and independent TV production, and tried to diversify its revenue away from advertising....
February 15, 2024
Asia maritime tensions
Chinese research ships increase activity near Taiwan
...by this international legal framework....
February 26, 2024
Travel & leisure industry
Ennismore founder accused of ‘sabotage’ in rival hotel deal
...Zobler entered into discussions with MGM Resorts International and Pasricha respectively over the summer of 2018 about financing a buyout of Burkle’s stake....
March 21, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
MGM Resorts International
FBI investigates after MGM’s casinos and hotels hit by ‘cyber incident’
...The FBI is investigating a “cyber incident” at MGM Resorts International, as guests at one of the world’s largest casino operators struggled with digital room keys and reservations, and some slot machines...
September 12, 2023
LexMGM Resorts International
MGM: casino hack shows investors need to think more about cyber security risks Premium content
...Casino operators MGM Resorts and Caesars Entertainment are the latest high-profile victims....
September 14, 2023
Ransomware
MGM casinos’ cyber attack blamed on western hacking group
...A cyber criminal gang proficient in impersonation and malware has been identified as the likely culprit for an attack that paralysed networks at US casino operator MGM Resorts International....
September 14, 2023
News in-depthMacau
Macau roars back as gamblers return to ‘Las Vegas of the east’
...Analysts said investors remained wary of the substantial debtloads the casino groups took on to fund operations during the Covid-19 pandemic....
March 31, 2024
Cyber Security
MGM and Caesars employees’ logins ‘hacked and traded’ on cybercriminal forums
...As MGM Resorts International and the FBI investigate a crippling hack at one of the world’s largest casino operators, a tantalising clue has appeared on an underground forum for buying and selling stolen...
September 15, 2023
News updates from December 18: Apple halts US Watch sales, US boosts Red Sea shipping security
Supreme and North Face owner warns of Christmas order snarls after hack
...VF joins a list of companies including Clorox, MGM Resorts International and Caesars Entertainment that have contended with significant cyber attacks of their own this year....
December 18, 2023
Entain PLC
Entain appoints head of US activist investor to board
...Entain’s management also drew criticism from investors for walking away from two takeover approaches from US gambling operators MGM Resorts International and DraftKings, that valued it at a premium....
January 3, 2024
Entain PLC
US fund Corvex urges Entain to turn around ‘unacceptable’ performance
...Over the past three years, Entain’s board has walked away from two takeover approaches from US gambling operators MGM Resorts International and DraftKings that valued it at a premium to the current share...
December 14, 2023
European prime property
Will a US-style upgrade draw homebuyers to Crans-Montana?
...The US corporation — owner of 41 other ski resorts — is acquiring 84 per cent of the lift and mountain operations, and 11 restaurants....
December 12, 2023
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Investments
Directors’ Deals: Departing StanChart banker sells shares
...The performance of BetMGM, the US joint venture with MGM Resorts International, was notable, with NGR rising 36 per cent to $1.96bn....
March 22, 2024
Donald Trump
Trump family’s luxury Scottish golf resort makes first-ever profit
...Official records show Trump declared no taxable income in the US for 2015, 2016, 2017 and 2020 because of losses on his business operations....
January 10, 2024
News updates from September 19: Oil rises above $95, FTX sues Bankman-Fried’s parents
Clorox warns recent hack will have ‘material’ impact on results
...The manufacturer’s warning comes after casino operators MGM Resorts International and Caesars Entertainment announced last week their Las Vegas operations had recently been subject to hacks....
September 18, 2023
News updates from September 18: Saudi minister defends production cuts, Truss and Carney trade blows
Clorox warns recent hack will have ‘material’ impact on results
...The manufacturer’s warning comes after casino operators MGM Resorts International and Caesars Entertainment announced last week their Las Vegas operations had recently been subject to hacks....
September 18, 2023
Vail Resorts Inc
Vail to buy Switzerland’s Crans-Montana ski resort in $136mn deal
...Bruno Huggler, the head of the Crans tourism office, said that Vail’s international footprint was “an undeniable asset, notably for the North American market.”...
November 30, 2023
News in-depthTikTok Inc
TikTok fortune of billionaire Republican donor Jeff Yass threatened by Washington
...Jeff Yass’s Susquehanna International Group first invested $80,000 in ByteDance, the Chinese owner of TikTok, on the back of an idea sketched on a napkin in a Beijing coffee shop more than a decade ago....
April 24, 2024
US-China relations
Xi tells US CEOs China’s growth prospects remain ‘bright’
...On bilateral relations, Xi said: “Promoting the recovery of the world economy and solving international and regional hot issues all need China and the US to co-ordinate co-operation.”...
March 27, 2024
Travelista
Six cool California hotels to book now
...La Playa is one of Carmel’s larger hotels, as well as one of its oldest, in operation since 1905....
February 25, 2024
Due Diligence
London’s private clubs face public revolt Premium content
...Cyber jackpot Inside the cyber attack that brought Las Vegas’s MGM Resorts to its knees — and put corporate America on notice, the WSJ reports....
April 3, 2024
Entain PLC
Gambling group Entain’s chief steps down
...Over the past two years, Entain has ranked as the fourth worst performer on the FTSE 100 for total shareholder returns after the board walked away from two takeover bids from US gambling operators MGM Resorts...
December 13, 2023

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