Intralot and Bally’s reach ‘milestone’ €2.7bn acquisition completion Summary Intralot has completed the acquisition of Bally’s Corporation’s International Interactive business in a cash-and-shares transaction valued at €2.7bn. The deal comprises €1.53bn in cash and €1.136bn in newly issued shares in the combined Intralot, giving Bally’s a 58% majority stake. Robeson Reeves (Bally’s CEO) will lead […]
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 […]
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, […]
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., […]
Bally’s Sells Interactive Arm to Intralot for EUR 2.7B Summary Bally’s Corporation has completed the sale of its international interactive division to Intralot S.A. in a transaction valuing the business at approximately EUR 2.7 billion. As part of the deal Bally’s received EUR 1.53 billion in cash and EUR 1.136 billion in newly issued Intralot […]
Ontario Poker News October Update: Peter “BIG CHI” Chien Ships WSOP ON Main Event Summary Kyle Anderson delivers the October roundup for Ontario poker: live tournament dates across Casino Niagara, Caesars Windsor and Pickering Casino Resort; the wrap of ONCOOP 2025 with key winners and leaderboard payouts; PokerStars Ontario’s new Silver Pass path to NAPT […]
Nevada Gaming Control Board member warns Kalshi, Crypto.com over sports contracts: “The gig is up” Summary Nevada Gaming Control Board member George Assad told a board meeting that unlicensed platforms such as Kalshi and Crypto.com will not be allowed to offer products that regulators view as sports wagers in another form. Assad cited recent federal […]
G2E: New AI tools help casinos maximise marketing ROI and unlock revenue Summary At G2E, industry leaders explained how artificial intelligence is moving from theory into daily use on casino floors. Speakers from IGT, Graton Resort & Casino and AHEAD described practical AI applications that analyse guest behaviour in real time, optimise marketing spend, and […]
New York Nears Pivotal Moment in Downstate Casino Race Summary New York’s downstate casino competition has reached a decisive phase: the five-member Gaming Facility Location Board (GFLB) is set to assess four remaining bids and recommend up to three winners, with the final outcome expected in December. The shortlisted projects are Resorts World New York […]
