Tag Archives: las vegas

Scientific Games completes $ & € debt financing round

Updating the market, Nasdaq-listed gambling technology group Scientific Games Corporation (SGC), has confirmed the successful conclusion of its + $1 billion debt notes sale to private investors. The Nasdaq corporation first announced its $ and € debt sale on 30 January, seeking to restructure its long-term corporate financing. Completing the debt transactions, SGC governance secures the following financing structure: Tranche …

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GAN and SBTECH form strategic US partnership

Updating the market, B2B gambling enterprise turnkey systems provider GAN has confirmed that it has entered a strategic US services partnership with betting platform and software supplier SBTECH.  The partnership will see SBTECH’s sports betting provisions integrated within GAN’s enterprise platform software ‘GameSTACK’. Moving forward, GAN management will be able to offer sports betting services to ‘select partners’ of its …

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Crown Resorts agrees to CrownBet sale

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Crown resorts has announced an agreement to sell its stake in CrownBet, as part of the company’s ongoing debt reduction strategy. The Australian gaming and entertainment group is to recoup AU$150m for its 62% interest in CrownBet, together with loans advanced by it to CrownBet. In a statement released to the Australian Securities Exchange (ASX), it was detailed that a …

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Expert Focus – All on the line in New Jersey’s battle of PASPA

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All eyes are set to fall on the USA today, as the Supreme Court of the United States (SCOTUS) hears oral arguments from New Jersey officials regarding the constitutionality of the Professional and Amateur Sports Protection Act (PASPA). With a distinct focus on New Jersey’s bid to offer licensed sports betting, the state has already faced seven losses in federal …

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Golden Entertainment closes in on $850 million acquisition

After the Nevada Gaming Commission unanimously approved the deal last Thursday, Golden Entertainment is closing on a $850 million deal to purchase four new land based casinos. It’s anticipated that the acquisition of the Stratosphere Casino, Hotel & Tower, Arizona Charlie’s Decatur and Arizona Charlie’s Boulder, as well as the Aquarius Casino Resort in Laughlin, will double the revenue of …

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Forward Momentum… Caesars Entertainment announces new Board of Governance

Having completed the final chapter of its two-year Caesars Entertainment Operating Company (CEOC) bankruptcy restructure, Caesars Entertainment Corporation (CEC) has appointed a new Board of Directors to lead its business. The high profile CEC board will be led by former Walt Disney and Ernest & Young leadership executive James S Hunt, who has extensive experience in corporate governance for leisure …

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Scientific Games buys Blackjack security specialist Tech Art Las Vegas

Issuing a market update, Nasdaq-listed gambling technology supplier Scientific Games Corporation (SGC) continues its M&A expansion acquiring Las Vegas Blackjack ‘hole reader’ and games specialist Tech Art Inc for an undisclosed sum. Updating stakeholders, SGC governance detailed that the acquisition would boost the firm’s casino-based security provisions. Tech Art is a fully licensed casino equipment manufacturer for all US jurisdictions. …

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Golden Race to introduce new competition games in Las Vegas

Las Vegas - Copyright: somchaij / 123RF Stock Photo

Golden Race has chosen Las Vegas, “the city of casinos par excellence”, as the place to introduce its new competition games to the sports betting and gaming industry. The virtual sports supplier, a Gold sponsor at the recent Betting on Sports conference, will be showcasing its new American Football and 3×3 Basketball products at next month’s Global Gaming Expo (G2E) …

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Saving Las Vegas: Can esports be the hero casinos need?

As casinos look to counteract an aging demographic of customers and players, one industry many operators are looking to is esports. This is understandable given the typical demographic of esports fans, which in particular titles’ scenes at least, is notably older than many outsiders would (and regularly do) presume. They aren’t all kids. A recent story on Fox Business opened …

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Vegas portfolio gains see Boyd Gaming confident of hitting 2017 targets

New York-listed US Casino group Boyd Gaming Plc (Boyd) is confident of hitting its 2017 full-year corporate targets and expectations, following its best ‘quarter results’ in nearly ten years. Updating investors of Q2 2017 results (period ending 30 June), Boyd reported a 10% uplift in group new revenues to $599 million (Q2 2016: $544 million). Driven by enterprise growth across …

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