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Court-appointed receiver prepares Downtown Grand for potential sale

Deals & M&A

A court-appointed receiver is overseeing the Downtown Grand Hotel and Casino in Las Vegas after Banc of California began proceedings over the ownership group’s loan default. The debt rose to $90 million, and marketing materials have reached more than 150 potential investors; a court-approved sales process is still pending.

A sale could change ownership of the Las Vegas casino, while the court has yet to approve the bidding process.

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Deals & M&A

Play’n GO reportedly prepares for potential sale to regulated gaming buyer

Play’n GO is reportedly preparing for a possible sale to a major regulated gaming business, with sources describing a potential deal in the hundreds of millions of euros. Chief executive Johan Törnqvist declined to comment; Aristocrat, Genting and Light & Wonder were mentioned as possible buyers, not confirmed bidders.

Play’n GO is reportedly exploring a sale to a major regulated gaming business. Sources reportedly said a deal could be worth hundreds of millions of euros. When contacted, co-founder and chief executive Johan Törnqvist replied: "No comment."

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