2024.07.12
movies at sunset station casinoMurren and his Acies partners didn’t have to look far to get that deal done because MGM is one of Playstudios’ backers.With mobile gaming and sports wagering booming, small and mid-sized companies in those industries need capital and are looking to go public in an efficient man(Image: Las Vegas Review-Journal)A Feb. We will pursue both consumer-facing operators as well as the business-to-business platforms that support them. mgm casino cleveland ohioFresh off success with his first special purpose acquisition company (SPAC), former MGM Resorts International Chairman and CEO Jim Murren is lining up a second blank-check firm. (Image: Las Vegas Review-Journal)A Feb. (Image: Las Vegas Review-Journal)A Feb. is paragon casino smoke free borgata casino logocasino near me san joseIf Bally’s is victorious, it could open the venue in 2024.SPACs usually have two years to execute a deal or face forced liquidation. The new SPAC will also be advised by Charlotte Hornets managing partner Curtis Polk who also runs the personal finances of team owner and NBA legend Michael Jordan.Acies Looking for Successful SequelAcies Acquisition Corp. is mgm grand casino smoke freeAcies is the name of the first SPAC created by Murren and his partners. (NASDAQ:ACAC) was the first SPAC Murren was directly involved with following his departure fromslot casino 111 MGM and it’s proving to be a fruitful endeavor.Earlier this month, the blank-check company said it’s merging with social casino developer Playstudios, Inc. The analyst notes that under an extreme bull case scenario, the shares could reach 0, or more than double where the name trades today.The analyst adds that the coming full-scale launch of the Bally’s brand across media, digital, and physical platforms should close the valuation discount between the company and rival gaming companies with heavy online footprints.In the current environment, analysts and investors are smitten by gaming companies with iGaming and sports betting exposure. is online gambling legal in ny desert diamond casino west valley reviewshard rock casino kenoshaIt is, however, clear where the new special purpose vehicle will focus its efforts to locate a partner.“We are focused on identifying a business combination target within the live, location-based, and mobile experiential entertainment industries,” according to the S-1. “Specific sectors that we will target span live events, family entertainment, casino gaming, destination hospitality, sports, sports betting, and iGaming. The units will trade on the Nasdaq under the ticker “ATWOU.”As is the case with all new blank-check filings, Acies II is careful to note that it hasn’t yet identified a merger partner and that such a deal may not materialize. Sinclair has rights to own another 15 percent if certain financial objectives are met.Through the deal, Bally’s partners with networks that have broadcasting rights for 12 NHL, 16 Major League Baseball (MLB), and 17 NBA franchises.There’s More, Maybe, for Bally’s StockJonas’s enthusiasm for Bally’s doesn’t end with the forecast. The company runs 15 gaming properties in 11 states when pending purchases close.On that note, Jonas sees challenges delivered by the coronavirus pandemic turning to tailwinds as more Americaslot casino 111ns get vaccinated.Multi-Million Dollar BidsEarlier this week, Bally’s proposed a 0 million casino in Richmond, Va., joining two other groups in seeking access to Virginia’s capital city.The company is the highest of the three bidders, and its proposal includes a 0 million upfront payment to the city.“We are positive on today’s announcement overall, with management entering the competition to try to win the last, and likely most profitable, Virginia casino license,” said Stifel analyst Steven Wieczynski in a note.That analyst says the 0 million pitch implies adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of million to 8 million at the Richmond venue, assuming Bally’s is selected.That translates to a share. The company runs 15 gaming properties in 11 states when pending purchases close.On that note, Jonas sees challenges delivered by the coronavirus pandemic turning to tailwinds as more Americaslot casino 111ns get vaccinated.Multi-Million Dollar BidsEarlier this week, Bally’s proposed a 0 million casino in Richmond, Va., joining two other groups in seeking access to Virginia’s capital city.The company is the highest of the three bidders, and its proposal includes a 0 million upfront payment to the city.“We are positive on today’s announcement overall, with management entering the competition to try to win the last, and likely most profitable, Virginia casino license,” said Stifel analyst Steven Wieczynski in a note.That analyst says the 0 million pitch implies adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of million to 8 million at the Richmond venue, assuming Bally’s is selected.That translates to a share. coushatta casino dreb code encore casino everett dreb code |