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1611 results for "australia"
Entain Extends Takeover Deadline for DraftKings to Make Formal Offer
Entain Plc (OTC:GMVHY) is extending the deadline under which DraftKings (NASDAQ:DKNG) must formalize a takeover offer for the UK-based gaming company. Last month, DraftKings made a $20.5 billion cash and equity bid...
Star Entertainment to Face Public Grilling on Anti-Money Laundering Failures
Australia’s Star Entertainment will face a public inquiry in the state of New South Wales (NSW) into allegations it permitted its Sydney property to be infiltrated by organized crime. The company’s shares...
GAN in Spotlight Following Aristocrat Deal for Playtech
Late Sunday, Australian gaming machine Aristocrat Technologies announced it's purchasing rival Playtech in a $3.71 billion transaction. That values the target at a 58 percent premium to where it closed last Friday....
Aristocrat Acquiring Playtech, Deal Values Target at $3.71B
Aristocrat Technologies, one of the world's largest makers of gaming machines, is acquiring rival Playtech for 680 pence ($9.35) in cash -- a 58.4 percent premium to the target's Oct. 15 closing...
Crown Melbourne Suitability Report Remaining Private, as State Reviews Recommendation
Is Crown Melbourne suitable to continue operating a casino in the Australian state of Victoria? That's the question former federal judge Ray Finkelstein answered in his recommendation to the Victorian government. But...
Crown Resorts Suitability Determination for Melbourne Casino Hours Away
Crown Resorts is expected to learn Friday, Oct. 15 whether its gaming license, needed to operate its Victoria, Australia casino, will be revoked. Crown Melbourne opened nearly a quarter-century ago in May...
Star Entertainment Exec Linked to Alleged $245M Corporate Fraud Fugitive
Star Sydney’s senior vice president of VIP gaming was cozy with an alleged corporate fraudster who is now a fugitive from Australian justice, according to The Sydney Morning Herald. The Herald reports...
DraftKings Hit with Rare ‘Sell’ Rating as Roth Capital Prefers Penn, Rush Street Interactive
Wall Street analysts are broadly bullish on DraftKings (NASDAQ:DKNG) stock. But Roth Capital's Edward Engel is among the dissenting voices. In new coverage of multiple gaming names today, the analyst tags DraftKings...
Blackstone Rumored to Be Suitor for Star Sydney Sale-Leaseback Deal
Private equity behemoth Blackstone (NYSE:BX) is rumored to be mulling a sale-leaseback transaction involving Star Entertainment Group's the Star Sydney integrated resort. That rumor surfaced prior to today's tumble in shares of...
Star Entertainment Shares Plunge on Money Laundering Allegations
Allegations that Star Entertainment enabled money laundering at its Sydney and Gold Coast properties have sent the Australian casino operator’s shares spiraling. By the end of trading Monday, the company’s stock plummeted...