No sooner had the board of Great Wolf terminated its deal to be bought out by Apollo Management than it’s back on again. Apollo has decided to match the $7 a share offer from KSL Partners, an offer WOLF’s board has accepted. By not terminating the merger, WOLF can save a total of $9...
MGM Resorts may be looking at Canada’s largest city to develop a multi-billion casino. Local firm Sussex Strategy Group has been hired by MGM to make its case for a $2 billion to $6 billion casino in Toronto, the Toronto Globe and Mail reported. Unofficial talks have already taken place between company representatives and...
Tata Group subsidiary, Indian Hotels, is reportedly interested in once again upping its stake in OEH, Bloomberg reported. Tata at one point owned a 10 percent of OEH but as of late reduced that to 6.9 percent. In 2007, OEH opposed what it termed as hostile moves by Indian Hotels to boost its investment....
Calling the $7 a share offer from KSL Partners superior, Great Wolf has decided to terminate its deal to sell the company to Apollo Management for $6.75 per share. Apollo has until noon Wednesday to make another offer. WOLF also extended the deadline to April 19 for holders of its 10.875 percent first mortgage...
Aristocrat, which has long starred in the video market, has entered the US VLT market by way of South Dakota. The SoDak Lottery approved ALL’s Player’s World machine which will immediately be deployed throughout the state. Earning the South Dakota approval is a milestone in ALL’s aggressive business strategy, the company said. ALL noted...
If opening day was any indication, Las Vegas Sands has a hit on its hands at its $4.4 billion Sands Cotai Central. The property drew over 84,000 visitors during the first six hours, LVS subsidiary Sands China stated in a press release. That compares to about 40,000-first day visitors when Venetian Macao opened several...
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