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Erik Gibbs's latest articles

Erik Gibbs

Author

Erik brings his unique writing talents and storytelling flare to cover a wide range of gambling topics. He has written for a number of industry-related publications over the years, providing insight into the constantly evolving world of gaming. A huge sports fan, he especially enjoys football and anything related to sports gambling. Erik is particularly interested in seeing how sports gambling and online gaming are transforming the larger gaming ecosystem.

Casino November 24, 2021
CDI Offloads Two-Thirds of Florida Property to Blackstone-Owned Company
Churchill Downs Incorporated (CDI) is selling a large piece of its footprint in Florida. The company behind casinos, horserace tracks, and more announced Monday that it reached an agreement with Calder Casino in Miami Gardens, FL, to sell more than 115 acres it holds for $291 million. That’s about two-thirds of the property, and CDI […]
Legal November 24, 2021
Slidell Casino Dispute Lands in Court, but No Resolution Yet
Slidell residents concerned by the Camilia Bay Casino in their community and their attorneys appeared in court Tuesday to hear updates on whether or not they would vote for the casino on December ballots. Although time is running out for a decision to be made, the judge set up two additional court dates. These have […]
Industry November 24, 2021
Sportsbooks Are Seeing Improved Revenue in November
Sportsbooks may have been a little on edge at the beginning of November, but they can definitely relax a little now. One Wall Street analyst shows that there have been “significant increases” in revenue at US sportsbooks this month, thanks to strong results in NFL betting where heavy favorites lost. Upsets Not Upsetting Sportsbooks Barry […]
Business November 23, 2021
Paddy Power Backs Out of Televised Soccer Deal in Ireland
RTÉ, Ireland’s national TV and radio broadcaster, is the first to be affected by new advertising rules being implemented in conjunction with changes in gambling regulations in Ireland. Paddy Power has ceased its sponsorship of live televised soccer on RTÉ. Paddy Power Cuts Off Ad Deal This weekend, the Flutter Entertainment-owned betting firm confirmed that […]
Business November 23, 2021
Two Gambling Industry Fixtures in Spain Create New Powerhouse
R. Franco and Grupo Orenes have joined forces to transform Spanish gambling. The merger will result in the creation of a single biggest manufacturer and distributor for gambling machines in Spain. The partnership will also see changes to the companies’ online gaming operations.   R. Franco, Grupo Orenes Join Forces Dealmakers said that the merger […]
Business November 23, 2021
Wynn Resorts Chair Gives Update on Sudden Departure of CEO
Wynn Resorts’ chairman of the board of directors spoke out on Monday about CEO Matt Maddox’s departure from the company and suggested that he might seek a non-gaming role following his departure. Chairman Phil Satre made a Friday statement stating that Maddox chose to leave the casino operator on his own, although the board of […]
Business November 22, 2021
Codere Shareholders Take Control of the Gaming Company
The April debt-for-equity agreement at Codere that sees the business transfer to Codere New Topco SA has been completed. A holding company in which bondholders hold a 95% share, Codere New Topco SA is now the new owner. Although the previous owners retained a 5% interest, they can receive up to 15% from any potential […]
Business November 22, 2021
Gopher Walks Away From Potential Playtech Acquisition
Gopher Investments has pulled its offer to buy London-listed gaming company Playtech from Gopher Investments in the wake Eddie Jordan-led €3.56-billion ($4.01 billion) entrance into the competition. Gopher, based in Hong Kong owns 4.97% of Playtech and is already looking to buy its Finalto financial trading section. This deal should be completed in the first […]
Casino November 22, 2021
Questions Remain Over Future of Casino in Slidell, LA
The question of whether St. Tammany Parish residents want to allow a casino in Slidell is one that can only be answered in the voting booth. Now, however, they may not get a chance to speak up. The December 11 vote to determine the casino’s fate may not happen, according to a new court ruling. […]
Business November 19, 2021
Blackstone Makes a Second Pass to Purchase Crown Resorts
The Blackstone Group, an American private equity firm, has made a new bid to purchase all shares in Australia’s Crown Resorts. Crown issued a statement early Friday stating that Crown’s latest bid was valued at AU$8.5 billion ($6.2 billion), and Blackstone offered AU$12.50 per share – in cash – in a scheme of arrangement. Blackstone […]