Hints and tips:
...Gaming is one of the most closely regulated industries in the US, with more than 5,000 state and Native American tribal regulators that oversee our industry....
...Late on Tuesday, the US regional casino chain ended its partnership with the Barstool Sports media group to work with Disney’s ESPN....
...The publication is owned by Affinity Interactive, a Las Vegas-based company described on its website as “an omni-channel gaming industry leader with an expanded suite of casino and online gaming offerings...
...Proposition 26 would have legalised sports betting — as well as roulette and dice games — at the state’s tribal casinos, while 27 would have brought in online sports gambling....
...During previous crackdowns, shareholders could take comfort in the time remaining on the 20-year-long gaming permits. However, in June next year, casino operators will have to submit new applications....
...On Wednesday, Vici Properties announced that it would acquire rival MGM Properties for $17bn, taking the enterprise value of the combined group to a gaudy $45bn. Neither operates casinos or hotels....
...BetMGM, a joint venture with casino group MGM in the US, increased its market share to 19 per cent, Entain said, up 1 percentage point compared with the previous quarter....
...time for both the gaming and restaurant industries....
...He ultimately expanded his casino and resort empire to Macau and Singapore....
...The remaining 5 per cent will continue to be held by the casino company Boyd Gaming, whose partnership Flutter needs in order to operate in certain US states....
...For decades, US casinos were rare outside Las Vegas, Atlantic City and Indian tribal lands, and sports betting was illegal....
...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....
...operator Bally’s offers £2bn for Gamesys (FT) After conquering social media, ByteDance steps up push into gaming (FT)...
...Gaming and Leisure Properties, Vici Properties, and MGM Properties had a collective enterprise value in mid-February greater than $50bn. Today their share prices are down between 30 and 45 per cent....
...It has almost no exposure to Britain’s small and medium-sized enterprises. Just 6 per cent of its investments are sterling-based. More than two-thirds report in euros....
...Both trends help Evolution Gaming of Sweden, which put the improved deal currency of its equity to work on Wednesday with an all-share offer for NetEnt....
...The deal comes just months after the New York-based private equity and real estate group acquired MGM Resorts’ Bellagio Hotel and Casino for $4.25bn, in a bet on the economic future of gaming — and Las Vegas...
...Many tribal groups were granted rights to run casinos on their land in “compacts” with state governments in lieu of compensation for poor treatment in the past....
...having her hair and make up done by a colleague and changing into a low-cut dress provided by her employer, Renzel Dela Cruz, a 22-year-old Filipina mother of one, begins her eight-hour shift at an online casino...
...Eldorado will acquire the company at an enterprise value of $17bn in cash and shares. Since emerging from a nasty bankruptcy stemming from a 2008 leveraged buyout, Caesars’ shares have languished....
...Our new work incorporates player migitation in the case of a £2 maximum stake for online casino in the UK, following conversations with gaming suppliers....
...We anticipate that iGaming is the next logical step in the legislative process, with casino-oriented MGM well placed to benefit....
...El Dorado is a casino chain focused on markets outside of Las Vegas across 12 US states. Its enterprise value is just $8bn compared with $24bn for Caesars....
...There are now three gaming Reits with a collective enterprise value of more than $40bn....
...Gambling (as well as online gaming) also has its detractors within government, who see the activity as socially unproductive and fiscally regressive....
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