Hints and tips:
...Under Nygaard-Andersen, Entain has made 11 bolt-on acquisitions of gaming companies, with varying degrees of success....
...“But if you’re opening a gym in Las Vegas, he’ll definitely show up if he’s already there.”...
...It also has a deal with Caesars, ESPN’s exclusive sports book odds data provider and the owner of the Las Vegas studio where the channel films much of its betting programmes....
...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...
...The Las Vegas Sands said in October it would consider offloading its Vegas properties if the price was right, Bloomberg reported....
...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....
...Bacon, the founder of Moore Capital, initially levelled suits against the retail executive for harming the local environment by overdeveloping his Vegas-esque retreat, which touted “sculptures of roaring...
...Even as casino traffic has plummeted by at least a quarter this year in Las Vegas, investors could not be more excited about the gambling business....
...It is unclear if Liberty wants to buy all of CAA but its record suggests the acquisition of a substantial stake would be more likely....
...A win could also make Sonos an “attractive acquisition target”, RBC added....
...Having missed out on licenses in fast-growing Macau that allowed its US peers such as Wynn and Las Vegas Sands to weather the deep slump in 2009-2010 on the Las Vegas Strip, Caesars’ operating subsidiary...
...Caesars shares have fallen more than a quarter since late 2017 on worries about a saturated gaming market in Las Vegas....
...The merger caps a dramatic rise for Eldorado, whose shares have climbed more than 12-fold in the past five years as it has expanded through an aggressive acquisition strategy....
...Eldorado Resorts, a once-obscure US regional casino operator, appears to be yet another Las Vegas newcomer willing to take on long odds....
..., making its dramatic entry into the Las Vegas market....
...So, at the bidding of a longtime associate, Mr Barrack set off for Las Vegas to meet Michael Jackson. The king of pop was in a bad place....
...Lex recommends the FT’s Due Diligence newsletter, a curated briefing on the world of mergers and acquisitions. Sign up at ft.com/newsletters....
...The stock remains below its February high of more than $14, however, after Caesars shocked investors this summer by saying that it had seen pressure on room rates in Las Vegas....
...Sheldon Adelson, the billionaire casino magnate, snapped up the Las Vegas Review-Journal, Nevada’s biggest newspaper, for $140m in 2015....
...But private equity firms and their portfolio companies represent large fee opportunities with their serial financings and acquisitions....
...SALT, SkyBridge’s annual hedge fund conference in Las Vegas, has become the largest of its kind in the world — it’s also a great place to see Steven Cohen, George W Bush or Duran Duran....
...Among the traditional automakers, GM is viewed as being at the head of the pack in terms of its autonomous research thanks to its $1bn acquisition last year of Cruise, a self-driving start-up....
...He revived the company through the acquisition of Citigroup’s fund of funds business, which brought on board Raymond Nolte, who remains Skybridge’s chief investment officer, along with his team....
...SkyBridge also said it would be spinning out the SALT Conference, an annual industry jamboree in Las Vegas that it created during the depths of the financial crisis and which has offered a podium to Mr Scaramucci...
...of something called VEGA Medial Professionals LLC....
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