The confirmed departure of Mark Frissora as President & Chief Executive of Caesars Entertainment has triggered fresh rumours regarding the future of the legacy US casino operator. This morning, the New York Post reported that the governance of MGM Resorts had hired Morgan Stanley and law firm Weil, Gotshal & Manges to act as corporate advisors, examining a potential $20 billion …
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Nasdaq-listed casino and entertainment operator Wynn Resorts has announced that it has entered a strategic partnership with European ‘mobile-first’ betting platform and gamification developer BetBull, who are set to develop Wynn’s sportsbook proposition. Updating the market, Wynn has acquired a 22.5% stake in the Malta and London based operator, seeking to capitalise on developing US sports betting market opportunities. The strategic …
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New York-listed gambling technology group, International Game Technology Plc (IGT), has confirmed the resignation of Phil Satre as Chairman of the Board. Updating the market, IGT informs that it has begun its executive search for Satre’s replacement, with Vice Chairman Lorenzo Pellicioli leading IGT governance until a successor is confirmed. Satre is set to join US casino and leisure operator …
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Richard Thorp, Business Development Director at FSB, unpacks how US operators can stave off the transatlantic assault of Britain’s best bookmakers if they choose their suppliers wisely for sports betting’s grandest repeal. When Oscar Wilde wrote that Britain and the United States were two countries separated by a common language, he probably didn’t envisage sports betting getting in the way …
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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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Updating the market, US Nasdaq-listed casino operator Wynn Resorts (Wynn) has confirmed the appointment of Craig S Billings as the firm’s new Chief Financial Officer (CFO). Billings is set to officially join Wynn on 1 March, taking over the senior executive role from incumbent Stephen Cootey who left the company last month to ‘pursue personal projects’. Reporting to Wynn governance, Billings …
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Last Friday Wynn Resorts shareholders backed the removal of Elaine P. Wynn, co-founder and former wife of Chief Executive Steve A Wynn from the company’s board of directors. The conformation announced at the Wynn Resorts annual meeting of stockholders last Friday, will likely end Elaine Wynn’s ongoing proxy battle with Wynn Resorts’ governance. Last March Wynn Resorts corporate governance had …
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