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DraftKings opens new $500 million credit facility led by Morgan Stanley

DraftKings opens new $500 million credit facility led by Morgan Stanley

Sports betting giant DraftKings has opened a new $500 million credit facility, expected to give the company easy access to more and cheaper liquidity should it require the money in the next few years. The new $500 million revolving credit facility, taken out this week with a syndicate led byMorgan S

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Gateway Casinos pursues $1.3 billion private debt deal for refinancing and dividend payment

Gateway Casinos pursues $1.3 billion private debt deal for refinancing and dividend payment

Gateway Casinos & Entertainment, one of Canada's largest gaming companies, is reportedly exploring a private debt deal of up to C$1.8 billion ($1.3 billion) to refinance its existing loans and issue a dividend to its owners. Working with Morgan Stanley, Gateway has begun reaching out to potentia

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UAE's Emerging Casino Industry: Unleashing Billions of Dollars in Potential Revenue Amid Geopolitical Challenges

UAE's Emerging Casino Industry: Unleashing Billions of Dollars in Potential Revenue Amid Geopolitical Challenges

The United Arab Emirates (UAE) is set to become a powerhouse in the global gaming industry, with an expected annual Gross Gaming Revenue (GGR) of between 3 to 5 billion USD. Morgan Stanley, a multinational investment bank and financial services company, states that the UAE, with its numerous ultra-l

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