Jess Marquez

1 week ago | ggbnews.com | Jess Marquez

Agua Caliente Rancho Mirage Announces New Expansion Agua Caliente Rancho Mirage April 9 announced via press release that it has completed a 12,000-square-foot expansion of its casino floor, which will add “hundreds of additional slot machines” to the property.

1 week ago | ggbnews.com | Jess Marquez

Saks Ditches New York Casino Proposal A proposal from Sak’s Fifth Avenue and its parent company Hudson’s Bay Co. to transform three floors of Sak’s flagship store in Manhattan into a James Bond-style casino has been dropped, Crain’s reported April 10. It is so far the only project that has been formally withdrawn from the process before official bids are due in June. A total of three downstate licenses will be awarded by the end of the year.

2 weeks ago | igamingbusiness.com | Jess Marquez

Global financial markets have swung wildly in recent days in response to on-again, off-again tariffs from US President Donald Trump. The gaming industry has not been free from these vacillations and could be vulnerable moving forward. On 2 April, infamously known as “Liberation Day”, Trump introduced sweeping tariff policies impacting US trade partners.

2 weeks ago | igamingbusiness.com | Jess Marquez

The AU$300 million (£144.2 million/ €168.9 million/ $185.1 million) commitment from Bally's Corporation to take over embattled Australian operator Star Entertainment has now been reduced to AU$200 million, following a AU$100 million commitment from Star's largest shareholder, Bruce Mathieson. The change in the deal structure was announced through an ASX filing yesterday (8 April).

2 weeks ago | igamingbusiness.com | Jess Marquez

The deal, announced today (7 April) in an ASX filing, is the culmination of months of uncertainty for Star. After negotiations for a massive AU$940 million refinancing deal with Salter Brothers fell through last week, it became likely that Bally’s was the only bidder left. The US operator, which has signaled interest in the acquisition since at least February, tendered an offer 10 March.