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Tag Archives: Casino Acquisition

Gibraltar – Novomatic buys Gala’s Gibraltar casino

Novomatic Group has bought Gibraltar’s casino from Gala Coral Group, finalising the British betting group’s exit from the casino sector. Gryphon, a Swiss subsidiary of Austria’s Novomatic Group, will take over the operation in Ocean Village. The Gibraltar casino was Gala Coral’s last remaining casino asset after 19 casinos were sold to the Rank Group…

UK – Double Diamond snaps up four casinos

Double Diamond Gaming, the operator behind the Rainbow Casino in Birmingham, has snapped up the remaining casino assets of Gala Coral Group bringing four properties into its portfolio. Diamond will take control of casinos in Aberdeen, Bristol, Cardiff and Teesside as well as the as of yet undeveloped licence in Dundee. The four venues were…

US – Scott County Casino buys Rhythm City

Isle of Capri Casinos has entered into a definitive purchase agreement with Scott County Casino, LLC to sell its Rhythm City Casino in Davenport, Iowa.  Under the terms of the agreement, Scott County Casino, led by Dan Kehl, has agreed to pay Isle of Capri Casinos, Inc. approximately US$51m.  The transaction is expected to close early in…

US – Golden Nugget completes Lake Charles deal

Golden Nugget Casinos has completed the purchase of the Lake Charles Golden Nugget Casino Resort and Hotel currently under construction and next door to the highly successful L’Auberge Casino Resort located in Lake Charles, Louisiana.  The Golden Nugget Casino Resort and Hotel holds the last gaming license issued by the state of Louisiana, and when completed,…

Australia – Queensland hopeful makes move on the Reef

Aquis Casino Acquisitions, the company behind the bid to build a spectacular A$4.2bn casino and resort project in Cairns, is trying to buy Reef Casino Trust, which owns the only casino in Cairns Reef Casino for $214m. The move would allow Aquis owner and Chinese businessman Tony Fung control of the market prior to any…

US – Golden Nugget to invest $600m in Louisiana and South Texas

Golden Nugget Casinos has confirmed it will expand the Golden Nugget brand into the Louisiana and South Texas market with the acquisition of the Casino Resort and Hotel currently under construction and next door to the highly successful L’Auberge Lake Charles Casino Resort located in Lake Charles, Louisiana.  The Golden Nugget Hotel and Casino, which is currently under construction, and the…