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What is Ace Of Spades?
The financing, added Bob Louzan, managing partner at WhiteHawk Capital Partners, reflects its ability to structure flexible capital solutions for complex transactions to “support the project’s pre-construction work as Bally’s advances its broader financing plan”.
In its application materials in New York, Bally’s said it would begin construction “eight to nine months” after securing a licence, which would be this month. The project calls for a single-phase opening sometime in 2030 if timelines hold.
Jess has covered the global gaming industry since 2022. A native of Reno, Nevada, he’d like to note that it’s Ne-va-da, not Ne-VAH-da.
How to play Ace Of Spades
Once the deal is completed, 80% of its EBITDA is expected to come from those two markets.
According to the deal investor deck, the combined group expects online betting and gaming to be its largest vertical, as it accounted for 48% of the group’s combined pro forma adjusted EBITDA in H1.
Distributed gaming followed at 27%, then casinos at 25%.
How to play Ace Of Spades
Carrot Top, uniquely, was game.
He had no problem inviting a reporter to his home (alongside his real assistant, Jeff Molitz) to wake him up, or giving us the assignment of procuring a radio-controlled taxi for one of his prop jokes.
To prepare for our temporary gig, we attended our first Carrot Top show.
