MGM Announces $750M Public Offering of Senior Notes

The prestigious gambling brand MGM Resorts has recently announced a $750 million public offering of senior notes due in 2028. The Nevada-based company has made this decision in order to boost its liquidity that was reeling from massive losses this year due to the pandemic. According to MGM’s official statement, “The notes being offered will …

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Will 5Dimes be Able to Enter the Legal US Sports Betting Market?

5Dimes is walking the road toward the legal sports betting market in the US after announcing a $46 million settlement with the authorities. The settlement clears 5Dimes’ assets of legal restrictions after a year-long federal investigation of the former offshore company. The US authorities had been probing into 5Dimes for its illegal gambling activities, including …

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Illinois Casino Revenue Drops 30% in 2020

Illinois casinos have reportedly seen a drastic revenue drop of 30% in 2020 compared to the last fiscal year. The sudden plunge in revenue over the past eight months was defined and dominated by the coronavirus pandemic. The pandemic-driven lockdown measures have particularly dented the state lawmaker’s attempts to expand the state’s gambling industry. Although …

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Caesars and William Hill Seal a $3.7bn Takeover Deal

Caesars Entertainment has outplayed its rival Apollo by sealing a $3.7 billion cash takeover deal with betting operator William Hill. The deal to acquire the UK-based sports betting operator is part of Caesars’ bid to expand across the United States. According to reports, Caesars plans to sell William Hill’s international operations, including 1400 betting shops …

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Caesars Extends a $3.7bn Offer to William Hill

Caesars has warned William Hill to take a $3.7 billion acquisition offer or leave the existing relationship entirely if it is ambivalent. Last month, the UK-based bookmaker announced it had received competing offers from two rival companies, Caesars and Apollo Global Management. However, Caesars seems to be in an advantageous position due to its existing …

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Companies Including Caesars to Purchase William Hill

Many suitors including gambling giant Caesars are wanting to purchase betting operator William Hill to get the company out of the United Kingdom. In recent years, the London-based company has witnessed a major dip in revenue and is now looking to be sold. Caesars is one of the world’s leading gambling entities that is looking …

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Oregon Sports Betting Handle: Scoreboard Sees an 84% Rise in August

August brought renewed optimism for Oregon as its only betting app, Scoreboard, saw an 84% increase in sports betting handle compared to July’s figures. The app brought in around $26 million in terms of wagers, and the state share in revenue was $1.6 million. Although the August numbers are optimistic for both Scoreboard and Oregon, …

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Pennsylvania Online Gambling Revenue Hit Record Highs in August

After months of inactivity, Pennsylvania’s online gambling industry has resumed its record-setting pattern in August with $55.9 million of revenue. Online gambling in the state marked its first year in July. Its growth was uninterrupted for the first 11 months. However, the closure and reopening of retail sportsbooks and casinos due to the coronavirus pandemic …

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Illinois Again Allows Mobile Sports Betting Registration

The state of Illinois has once again extended mobile registration for sports betting after the order expired on September 19. It has been fairly difficult to keep track of whether or not mobile registration is available for sports betting in Illinois, and many residents have been left wondering what the latest rules and regulations are. …

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New UK Gambling Regulations Prompt Operators to Move Stateside

The UK is expected to see new gambling regulations put in place that could spark betting companies to move across to the flourishing US market. As one of the largest gambling industries globally, the UK has been observing a surge in problem gambling. The situation has given rise to bring some legislative changes, which have …

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