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A weekly gambling-industry roundup highlighted several notable developments. The top story was a Wall Street Journal report that MGM Resorts International is seriously considering a bid for People Inc. People had withdrawn its own bid for MGM.
The roundup said MGM is worth about $8.5 billion after its share price fell following Barry Diller’s withdrawal. Diller’s stake in MGM is valued at about $2.5 billion. People Inc. is estimated to be worth about $2.7 billion.
MGM’s eyes People Inc.
The Wall Street Journal said MGM is weighing a possible offer for People Inc. However, MGM’s exact intentions aren’t clear as of now.
For casino and online gambling analysts, this stands out as the week’s biggest corporate development. It follows an already unusual back-and-forth between the two companies.
Boyd names Evolution its exclusive live-dealer provider in North America
The roundup also pointed to Boyd Interactive’s new agreement, making Evolution its exclusive live-dealer game provider in North America.
Boyd operates the Stardust Casino, Resorts Casino, and Mohegan Sun Casino online brands across various U.S. states and Canadian provinces. Financial terms were not disclosed.
The deal is notable because live-dealer content remains a key part of the online casino product mix.
Other gambling stories from the weekly roundup
As per another roundup, ClubWPT Gold told Nevada customers it is “winding down services” in the state. After the weekend, players will no longer be able to use the site within Nevada borders.
The roundup also touched on several other gambling stories. These included
- James Farthing’s latest arrest after his $167.5 million Powerball win.
- Daniel Negreanu’s near-miss in a $25,000 World Series of Poker online event.
- Commentary on online casino legislation, Caesars, California tribal input on commercial online sports betting, and gambling-themed entertainment projects.
Source: As reported by casinoreports.com.
