Neither company has commented about the possibility of a marriage Bet365 rumored to be shopping itself or positioning for IPO Private equity looms large Rumors are fresh that Bet365 is considering a potentially transformative transaction, including a full or partial sale or a US initial public offering (IPO), but the pool of credible buyers is […]

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Company is said to be holding talks with US bankers Options include an IPO or asset sales Bet365 is rumored to be holding talks with US investment bankers regarding a possible sale of the gaming company at a $12 billion valuation. Bet365 CEO Denise Coates. The company is rumored to be considering a sale or […]

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Analyst speculates Strat operator could eventually sell itself Says Golden could be appealing target for multiple suitors Acknowledging that it’s just speculation, an analyst said Golden Entertainment (NASDAQ: GDEN) could eventually consider selling itself. Golden Entertainment’s Strat Las Vegas. An analyst said the operator could eventually consider selling itself. (Image: YouTube) In a new report, […]

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Regional casino operator decided to bid amid fears Star would have been too difficult to rescue in administration Kim says Bally’s had been monitoring th Star situation for a year. Bally’s (NYSE: BALY.T) considered waiting for Star Entertainment Group to be placed into administration, but opted to proceed with a $188 million takeover bid for […]

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Bally’s is shelling out nearly $150 million to save the Aussie casino operator Analysts say the transaction is fraught with risks for the buyer News emerged late Sunday that Bally’s (NYSE: BALY.T) is partnering with Australian businessman Bruce Mathieson to essentially save Star Entertainment Group in a deal valuing the battered casino operator at about […]

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***UPDATE*** Late Sunday, news broke that Star Entertainment has accepted an offer from Bally’s that will see the US-based regional casino operator take majority control of the Australian gaming firm. Bally’s is paying $149.8 million to acquire Star with investor Bruce Mathieson — Star’s largest individual shareholder — providing $30.1 million in financing to move […]

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Potential payment included in agreement to acquire golf course operating rights Bally’s bought lease rights for Ferry Point course in 2023 If Bally’s is successful in procuring a Bronx casino license, that would mean a $115 payday for the Trump Organization, which previously operated the golf course on which the gaming company is hoping to […]

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Bet365 could now be a more attractive takeover target Price could be steep, assuming Coates family wants to sell Bet365 could be a takeover target as the UK sportsbook behemoth pulls back from Asia and expands in the US, according to a research firm. Bet365’s sign promoting betting at an Australian cricket match. The company […]

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Bruce Mathieson is the biggest shareholder in Star Entertainment Group Prefers Bally’s takeover bid to selling Queens Wharf assets to Hong Kong group Bruce Mathieson, the Australian businessman who’s the largest individual investor in Star Entertainment, is backing Bally’s (NYSE: BALY.T) bid to acquire majority control of the embattled casino operator and is offering to […]

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Deal bolsters data provider’s basketball, soccer, tennis exposure Buyer says acquisition will lift earnings, revenue Sportradar (NASDAQ: SRAD) said Wednesday it’s acquiring IMG Arena and its sports wagering assets from Endeavor Group Holdings at essentially no cost to the buyer. The Sportradar and MLB logos. The company is acquiring IMG Arena at no cost. (Image: […]

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