Asia Gaming Brief Asia Editor Felix Ng sits down with JP Morgan Equity Research Analyst Don Carducci about some of the recent bids for Crown Resorts’ shares, as well as a surprise merger proposal from rival casino operator The Star Entertainment Group.
A combined entity consisting of The Star Entertainment Group and Crown Resorts would create a behemoth gaming enterprise not just in Australia, but in the wider Asia gaming market, though market observers have flagged a number of regulatory hurdles that could hinder it from ever becoming a reality.
Australian casino operator The Star Entertainment has officially entered the race for Crown Resorts, proposing a $12 billion mega-casino merger. The company believes a merger with Crown represents a compelling value proposition for all shareholders by delivering between $150 million to $200 million if cost synergies per annum.
U.S. casino operator Caesars Entertainment has announced the completion of its acquisition of William Hill for approximately $4 billion.
Dream Sports, the parent company of fantasy sports platform and IPL 2020’s title sponsor Dream11 has acquired artificial intelligence (AI)-backed fantasy sports startup FanDuniya.
Credit Suisse believe it's time to examine the possibility of a Crown-Star tie up in light of both companies' reduced revenue from the pandemic and China's clampdown on overseas gambling activities.
The effective takeover of Eldorado Resorts of Caesars Entertainment to create a new, merged company under the Caesars name has created the largest casino...
Shareholders of Empire Resorts have approved of its merger with Genting Malaysia, which will see Genting own 38.3 percent of the company. Earlier this month,...
Genting Malaysia said it has acquired 13.2 million shares in Empire Resorts and it owns approximately 38.3 percent of the company.
Genting Malaysia says a lawsuit filed by an investor against Empire Resorts is without merit.