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“New York charging $500 million fee for NYC casino license” The operators awarded licenses to run any of the three New York City-area casinos will have to pay the state at least a $500 million fee for the chance at rolling the dice, according to new rules approved by a state siting board Tuesday. The…
“Times Square casino gets more blowback from Broadway theaters” Craps! The Broadway League doubled down on its opposition to a proposal for a casino at a Times Square office building, threatening a prolonged war between the politically potent theater organization and the city’s largest commercial landlord. The League, which represents theater owners and producers in…
“#Wynn Resorts looks to sell online sports betting biz at deep discount: source” Wynn Resorts is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff taxes and costly promotions needed to lure customers, The Post has learned. The Las Vegas-based casino giant is quietly…
“#New Yorkers place record setting $600 million in mobile sports gambling launch” Touchdown! New Yorkers placed a record-shattering $603 million in bets during the launch of mobile sports gambling, according to initial figures released by the state Gaming Commission on Friday. The wagers on football, basketball, hockey and other sports generated $48.2 million in gross…
“#ESPN explores sports-betting deal worth at least $3B” Disney-owned ESPN is looking to dip its toe in the sports-betting game. The sports media giant is seeking to license its brand to major sports-betting companies for at least $3 billion over several years, according to a report Friday from the Wall Street Journal, citing anonymous sources….
“#Hedge-fund investor Soo Kim buys Bally’s casino brand for $20M” The new owner of Bally’s Atlantic City Hotel & Casino just put more of his chips on the marquee name, The Post has learned. Hedge-fund investor Soo Kim’s budding casino empire this weekend purchased the worldwide rights to the Bally’s name for $20 million from Caesars…
“#William Hill agrees to Caesars’ $3.7 billion takeover offer” British gambling firm William Hill said it has agreed to be bought by American casino giant Caesars Entertainment for roughly $3.7 billion. The two gaming companies made the acquisition official Wednesday, less than a week after William Hill revealed it had received competing proposals from Caesars…
“#Caesars Entertainment eyes $3.7 billion William Hill takeover” Caesars Entertainment said it’s looking to buy British betting house William Hill for about $3.7 billion as it moved to beat out a rival bid from private equity giant Apollo Global Management. The Nevada-based casino operator confirmed Monday that it’s in “advanced discussions” with William Hill about…
“#William Hill shares surge after approaches from Apollo, Caesars” Shares in British bookmaker William Hill soared Friday after the company revealed it received takeover proposals from two American suitors. The London-listed stock ended the day up 43.4 percent at 312.20 pounds, or $396.74, after William Hill said it had been approached by private-equity giant Apollo…