M&A / Business

    Cipriani explores Locanda casino as San Rafael opening delayed in Uruguay

    Cipriani Group is in discussions to open a casino at the former Hotel Mantra property in Uruguay, known as Locanda, following significant delays to its flagship San Rafael resort project. This new venture aims to mitigate the impact on over 300 trainees awaiting roles and continues Cipriani's expansion efforts in the region, engaging with Uruguay's Ministry of Economy.

    Gambling Companies Wasted Millions on Ads to Bots & Existing Users in World Cup Gold Rush

    Gambling companies reportedly wasted millions on advertising during the record-breaking 2026 World Cup, with a significant portion of ad spend directed towards bots and existing users rather than new acquisitions. The tournament generated over $50 billion in global wagers, with DraftKings alone seeing a 650% increase in betting volume compared to the previous World Cup.

    Caesars proxy filing details months-long bidding war between Icahn, Fertitta

    Caesars proxy filing details months-long bidding war between Icahn, Fertitta

    A recent proxy filing by Caesars Entertainment revealed the extensive, months-long bidding war between activist investor Carl Icahn and Tilman Fertitta for control of the casino giant. The detailed document outlines the intense negotiations and strategic maneuvers that ultimately led to Icahn's influence and the eventual acquisition of Caesars by Eldorado Resorts. This M&A battle significantly reshaped one of the industry's largest operators.