Securities law violations
A US class action law firm has announced it is investigating DraftKings’ acquisition of Golden Nugget Online Gaming for the latter’s alleged violation of securities law.
Stock Market News took to Twitter December 4 to announce the investigation by the New York-headquartered mergers and acquisitions company, Monteverde & Associates:
Investor Alert: The M&A Firm ...
Fresh attempt to legalize betting
In the first filing of betting legislation for the US’ 2022 legislative session, Missouri lawmakers have introduced a bill that would legalize online and retail sportsbooks across the state.
would tether sportsbooks to riverboat casinos in the state
House Bill 1666, filed at the end of last week by Republican Representative ...
Sands claims illegal Seminole interference
The legal skirmishes over Florida’s gambling industry continue, this time with groups associated with Las Vegas Sands Corp suing parties acting on behalf of the Seminole Tribe of Florida. The plaintiffs claim that the Tribe, along with organizations working its behalf, is illegally interfering with Sands’ efforts to get a ...
Legislative leaders align
An Ohio House of Representatives member has announced that he and other legislative leaders have agreed on a proposal that could see legal sports betting launch in the state by 2023.
On December 1, Statehouse News Bureau correspondent Andy Chow said Bill Seitz (R-Cincinnati) and other Ohio lawmakers have reached a “conceptual agreement.”
Missing the deadline
Golden Nugget’s parent company is facing a significant legal headache as it tries to get out of a planned merger with a special purpose acquisition company (SPAC). Fertitta Entertainment agreed in February to merge with the FAST Acquisition SPAC in a deal initially valued at $6.6bn.
As a result of this planned merger, ...
Considering its options
Churchill Downs is considering selling its TwinSpires Racing brand. As reported by Bloomberg on Thursday, anonymous sources close to the matter have disclosed news of a possible sale of the Kentucky Derby’s official betting partner. Churchill Downs’ share price increased 6% following publication of the news.
A sale of the brand could generate ...