Online casino and sports betting company Rush Street Interactive announced on Monday that it is merging with dMY Technology Group in order to become a publicly listed company. The combined company has an estimated value of $1.78 billion. dMY is a special purpose acquisition company (SPAC), also called a “blank-check” company. It sells no products… Read more »
Look out for the 800-pound gorilla Eldorado Resorts Inc. finally completed its $17.3 billion acquisition of larger gaming rival Caesars Entertainment Corp. on Monday, creating the largest casino company in the United States. The new combined company will keep the Caesars name, almost certainly because of its brand recognition, and will be called Caesars Entertainment… Read more »
Reverse merger Golden Nugget announced on Monday that it will taking its online gambling business unit, Golden Nugget Online Gaming, Inc. (GNOG), public. Once the process comes to fruition, GNOG will become the second “pure” online casino company, as the announcement put it, to be publicly traded. GAN was the first, going public in early… Read more »
In stunning news this morning, The Stars Group, owner of PokerStars, announced that it has agreed to be acquired by Flutter Entertainment plc. Flutter Entertainment is the parent company of PaddyPower, Betfair, FanDuel, Adjarabet, sportsbet, and TVG. A new behemoth is formed It is an all-share deal, with shareholders of The Stars Group receiving .2253… Read more »
After rumors of a deal swirled, Eldorado Resorts, Inc. and Caesars Entertainment Corporation announced on Monday that they have agreed to a merger, forming the largest gambling company in the United States. The combined company will operate close to 60 casino-resorts in 16 states, including the Rio All-Suites Hotel and Casino, home of the World… Read more »
