€2.7bn Bally’s-Intralot deal creates Athens stock exchange gaming giant Summary Bally’s Corporation and Intralot have closed a €2.7bn transaction that merges Bally’s International Interactive with Intralot’s global lottery and gaming operations. The deal delivers €1.53bn in cash plus €1.136bn in newly issued Intralot shares, giving Bally’s a 58% majority stake in the combined, listed company […]
Missouri court rules against Torch Electronics over illegal gambling machines | Yogonet International Summary A federal jury in St. Louis found Torch Electronics liable for breaching Missouri gambling laws and engaging in unfair business practices, awarding rival TNT Amusements Inc. $500,000 in compensation. The case is the first court decision addressing whether Torch’s so‑called grey‑market, […]
Bally’s Corp. and Intralot complete Intralot’s acquisition of Bally’s International interactive business Summary Bally’s International Interactive has been sold to Intralot in a deal that values the interactive business at an enterprise value of €2.7bn. The transaction combines Bally’s interactive operations with Intralot’s global lottery and gaming business, creating a larger, diversified iGaming and lottery […]
Will Taylor Swift’s 2025 Era Keep Breaking Records? Summary Taylor Swift’s 2025 cycle for The Life of a Showgirl is less a conventional album roll‑out and more a coordinated multimedia business manoeuvre. The launch combined an album, a companion theatrical release, heavy physical merchandising (notably a vinyl rush), and ongoing tour economics to create multiple […]
Elon Musk’s Boring Co. accused of nearly 800 environmental violations on Las Vegas project Summary Nevada regulators say The Boring Co. committed almost 800 environmental violations over two years while building its Las Vegas tunnel “Loop.” A Sept. 22 cease-and-desist letter from the state Bureau of Water Pollution Control details alleged breaches including unapproved digging, […]
New York Casino Board Starts Final Assessment of Four Downstate Proposals Summary The New York Gaming Facility Location Board has begun its final assessment of four competing bids for up to three downstate casino licences. The private meeting marks the first formal step since bidding closed in June. Bidders still in the race are Bally’s […]
Gregorio Araneta Sells Majority Stake in PhilWeb Published: 2025-10-10T08:26:39+00:00 | Author: Silvia Pavlof Summary Gregorio Ma. Araneta III’s investment vehicle, Gregorio Araneta Inc., has sold its controlling 57% stake in PhilWeb Corp. The transaction covers 829.57 million common shares and was carried out by two local holding companies, Nexora Holdings, Inc. and Velora Holdings, Inc., […]
US Expands Iran Sanctions to Target Indian Shipping Firms Facilitating Oil and LPG Trade Summary The US Treasury’s Office of Foreign Assets Control (OFAC) has broadened sanctions on Iran’s energy export network, adding 50 individuals, entities and vessels — including several with links to India. The measures aim to curtail Iran’s petroleum revenue by targeting […]
Key takeaways from Malaysia Budget 2026: For businesses, workforce, and society Summary Punchy author voice: This is a heavy-hitting Budget with clear moves to boost business competitiveness, upskill the workforce and expand social support — worth a close read if you hire, invest or plan policy for Malaysia. Malaysia’s Budget 2026 (Belanjawan 2026) is a […]
India’s Logistics Cost to Drop to 9% by December 2025: Nitin Gadkari Summary Union Minister for Road Transport and Highways Nitin Gadkari announced that India’s logistics costs are expected to fall to single digits — around 9% of GDP — by December 2025. He cited an IIM Bangalore study attributing a 5–6% reduction so far […]
