2024.07.17
bellagio neighbor casinosaid it’s merging with special purpose vehicle Flying Eagle Acquisition Corp. (NYSE:FEAC) in a transaction valuing the online gaming firm at .5 billion.Murren and his partners are looking to raise 0 million or more and already had conversations with underwriters, reports Bloomberg.Odds and EndsMurren, 58, acknowledges that the SPAC space is getting crowded this year. The news also arrived on the same day that real estate titan Sam Zell said he’s launching a blank check firm.Right PedigreeFollowing more than two decades at MGM, including more than 11 years as chairman and chief executive officer, it’s not surprising that Murren is evaluating opportunities involving gaming and live entertainment. hard rock casino addreb(NYSE:FEAC) in a transaction valuing the online gaming firm at .5 billion.Murren and his partners are looking to raise 0 million or more and already had conversations with underwriters, reports Bloomberg.Odds and EndsMurren, 58, acknowledges that the SPAC space is getting crowded this year. The outcome of that is the acquired firm usually goes public, rewarding both its early investors and the SPAC backers.News of Murren’s possible foray into the world of special purpose vehicles comes after hedge fund legend Bill Ackman raised billion in a SPAC IPO in July. He’s correct about that. eldorado casino in reno jamul casino rewardsdownstream casino resort zoominfoBloomberg reports that the ex-MGM leader is working with Edward King and Daniel Fetters, formerly of Morgan Stanley, on potential deals in the entertainment, live events, and online gaming jeux caesar casino gratuitspaces.We’re going to be thoughtful and do our homework,” Murren said in an interview. He’s correct about that. But an agreement to that effect isn’t final.bicycle casino instagramHe’s credited with integral roles in building T-Mobile Arena in Las Vegas and bringing the first professional sports franchise, the NHL’s Golden Knights, to the city.Relating to possible SPAC ambitions, Murren oversaw the development of BetMGM, the operator’s internet casinos and sports betting platform that’s a joint venture with GVC Holdings. He’s correct about that. That’s relejeux caesar casino gratuitvant because the combination of online gaming and blank check companies is scorching hot this year.Not only did DraftKings (NASDAQ:DKNG) go public in April via a reverse merger with a blank check firm, at least three other internet gaming firms are doing the same. blackjack casino game online gambling kuwaitfree casino slots heart of goldFormer MGM Resorts International (NYSE:MGM) CEO Jim Murren is reportedly considering launching a special purpose acquisition company (SPAC) with a pair of ex-investment bankers, leveraging his experience in the gaming industry. His non-compete agreement with his former employer expires next March. His non-compete agreement with his former employer expires next March. (Image: CNBC)Sell-side commentary on the sportsbook operator is brisk to start this week, with Evercore ISI analyst Kevin Rippey initiating coverage of the name today. He’s credited with integral roles in building T-Mobile Arena in Las Vegas and bringing the first professional sports franchise, the NHL’s Golden Knights, to the city.Relating to possible SPAC ambitions, Murren oversaw the development of BetMGM, the operator’s internet casinos and sports betting platform that’s a joint venture with GVC Holdings. Bloomberg reports that the ex-MGM leader is working with Edward King and Daniel Fetters, formerly of Morgan Stanley, on potential deals in the entertainment, live events, and online gaming jeux caesar casino gratuitspaces.We’re going to be thoughtful and do our homework,” Murren said in an interview. black bear casino spa desert diamond casino free play |