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Sullivan County entities arrange $585m bond plan for Resorts World Catskills assets

Business

Sullivan County’s Industrial Development Agency and a local development corporation arranged a $585m bond plan to acquire Resorts World Catskills’ non-gaming assets, according to the report. The assets include the hotel, golf course, event spaces and more than 1,500 acres; Resorts World is to continue operating the facilities while shedding related debt.

The arrangement changes ownership of the resort’s non-gaming assets while leaving operations with Resorts World.

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Allwyn Digital CEO says Kambi code deal supports broader entertainment strategy

Allwyn Digital CEO Kresimir Spajic said the company's source-code licensing agreement with Kambi is an initial step towards a more connected entertainment offering. He said Kambi's technology could help differentiate Allwyn's products.

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