ERI is buying CZR for cash/stock worth ~$12.50. We move our PT to the implied value. We see potential bull case where the mkt values CZR at Friday's multiples inclusive of >$500m of synergies, implying $15. However, we see a (less likely) bear case the deal falls apart and the stock trades to $9
JOA Group has partnered with Aristocrat Technologies to launch the second Lightning Link™ Lounge in EMEA at its Royal Casino Cannes-Mandelieu, situated in Mandelieu-La Napoule on the French Riviera.
Eldorado Resorts Inc. is buying struggling rival casino and hotel chain Caesars Entertainment Corp. in a deal backed by activist billionaire Carl Icahn that will create the largest U.S. gaming operator.
The amusement association’s ‘Siding with the Seaside’ campaign urges the government to take action by investing and supporting the regeneration of Britain’s seaside towns
IDEAL Software Systems is pleased to announce that its website has undergone a redesign to completely correspond to its corporate approach.
The annual event, which has already become a benchmark in the sector, once again surprised the guests with its spectacular presentation of products, as well as entertainment of the highest level.
Clarion Gaming has paid tribute to Edward Lalumbe, Chief Operating Officer, Gauteng Gambling Board, whose passing was confirmed by friends and family following a tragic accident which also cost the life of his wife.
Wynn Resorts Ltd’s Macau gaming venues will remain the key value driver of the firm’s stock, despite the imminent launch on Sunday of its Encore Boston Harbor casino complex in the United States. So said brokerage Nomura in a Wednesday note.
The 14 winners were recognized for their leadership in the regulated, online U.S. gambling industry at a party hosted by ESPN+ host and fantasy sports analyst Matthew Berry on June 18, 2019 at Monmouth Park Racetrack in New Jersey.
Just a few days after New York Gaming Commission approved rules for non-mobile sports betting, the New York State Senate passed a sports betting bill on Monday that, if approved in the Assembly and signed by Gov. Andrew Cuomo, would provide for mobile sports betting in the state.
