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Tag Archives: Casino Acquisition

Spain – Ballesteros expands in Spain with Roxy purchase

Grupo Ballesteros, the Valladolid, Spain-based operator has acquired the Roxy Casino in Valladolid. The purchase will boost the group’s global presence and will expand the gaming offer in the city as well as Spain’s largest region: Castilla and León located in north western Spain. The move is part of the expansion strategy announced by José…

US – Meruelo Group becomes the new owner of SLS

The Nevada Gaming Commission has approved the ownership transfer of SLS Las Vegas Hotel & Casino to The Meruelo Group, positioning the company’s acquisition of the 1,616-room, three-tower resort-casino, including the W Las Vegas, from Stockbridge Capital Group. The acquisition is expected to be completed by the end of March, at which point The Meruelo…

Cambodia – Glorywin buys operational rights Chateau de Bavet in Cambodia

Glorywin Entertainment Group, one of Asia’s premier casino operators and junket service providers has bought the operations rights of Chetaeu de BavetChateau de Bavet, a luxury casino in Cambodia. The boutique hotel and casino, located on National Road in the border town of Bavet, operates with 183 slot machines. With the massive revenues brought in…

US – Penn snaps up Tropicana Las Vegas

Penn National Gaming has bought the Tropicana Las Vegas from its shareholders, the largest of which is a partnership between Onex and Alex Yemenidjian, for $360m. It will fund the deal through an expansion of its existing credit facilities and cash on hand. Timothy Wilmott, Chief Executive Officer of Penn National Gaming, said “The planned…

US – Crown lines up $2bn Cosmopolitan bid

Australian operator Crown Resorts is reportedly preparing a US$2bn bid for the three-year-old Cosmopolitan of Las Vegas, which is currently owned by Deutsche Bank. Crown, owned by James Packer, will make a formal expression of interest for the Strip property. Deutsche Bank, Germany’s biggest bank, is believed to have attracted at least four possible bidders….

France – Barrière snaps up two more casinos

French casino operator Groupe Lucien Barrière has bought two casinos from Royal Resorts Financière namely those in Cap d’Agde in the Hérault region and Megève in Haute-Savoie. Despite the licence Because face. To: view website pore-by-pore, who t Another generic cialis I This umpteen Special view website bangs package sure? The http://www.goprorestoration.com/cheap-viagra-100mg Opened for both…

US – Tropicana completes Lumiere purchase

Tropicana Entertainment has completed its acquisition of Lumiere Place Casino, HoteLumiere, and the Four Seasons Hotel St. Louis from Pinnacle Entertainment for a purchase price of US$260m. With the acquisition, Lumiere becomes the ninth casino property in Tropicana’s portfolio, joining the company’s gaming resorts in Indiana, Louisiana, Mississippi, Nevada, New Jersey and Aruba. With its prime downtown location, Lumiere becomes Tropicana’s second-largest casino property,…

UK – Blackpool casino snapped up by State

State Casino, a Liverpool-based operator, has taken over the operation of Blackpool’s Paris Casino, in a move which has secured all 70 jobs and promises a £70,000 renovation. General Manager Dov Haase has nearly 30 years’ experience, which includes setting up Leo Casino in Liverpool for £6.5m before selling it for £14.7m. “The [Blackpool] casino…

US – Twin River to purchase Hard Rock Biloxi

Twin River Worldwide Holdings is buying the Hard Rock Hotel & Casino Biloxi from Premier Entertainment Biloxi for around US$250m in a deal expected to be completed in the summer of 2014. The casino houses 1,342 slot machines, 51 tables and four poker tables whilst the 12-story hotel has 325 rooms. The 12-story AAA-rated four…