Grand Casinos May Increase Offer for Casino Magic

By the way, Bitcoin casinos don’t give a bonus to players unless they meet certain wagering requirements. Last month, Grand offered $1.60 per share in cash and stock for Casino Magic, which owns three riverboat casinos in Mississippi and Louisiana as well as two properties in Argentina. Grand expanding, Casino Magic will need to spend more on marketing and maintenance to keep its properties competitive going forward. Going forward, the deal could prove even more profitable, since it will make Grand the dominant player in the Gulf Coast market. Together, Grand and Casino Magic accounted for some 60% of the area’s total casino revenues in 1997. While that percentage is sure to decline because of the competition from Imperial Palace and Mirage, the huge market share will allow Grand to boost its marketing budget and get better deals from suppliers. Finally, Casino Magic’s riverboat in Bossier City, La., continues to gain market share.

Grand would also be able to build a mall linking its Biloxi riverboat with Casino Magic’s nearby property. Circus’ approval to build a casino at Bay of St. Louis near a Casino Magic riverboat. The deal now values Casino Magic at about $1.80 per share in cash and stock, or roughly $65 million, in addition to Casino Magic’s $255 million in debt. While Casino Magic generated about $45 million of cash flow in 1997, almost all of that money went to pay interest on its $255 million in debt, leaving the company unprofitable. Stillwell says that Boyd has “talked to” Casino Magic in the past but adds that the company hasn’t made and isn’t considering making an offer for Casino Magic at present. Casino Magic, whose ambitious expansion plans largely went nowhere in the mid-1990s, has “turned the corner,” Pounds says. Now a second bidder may have emerged for Casino Magic, independent casino industry analyst Alan Woinski says. Woinski says that at its current price, the takeover will increase Grand’s earnings by 12 to 13 cents in 1998. (Without the deal, Grand is expected to earn $1.62 per share in 1998, up from $1.54 in ’97. Grand’s stock has increased about 12% since news of the talks disclosed in mid-January, pulling up the value of its bid.

Henry Pounds says Grand has room to increase its bid. Since the bid, though, Casino Magic has gotten good news on several fronts, Schmitt says. Grand and Casino Magic declined to comment on the deal. You can get a match of up to 100% on your first deposit at the casino. You can get a bonus of up to $100 when you make your first deposit. You can use the bonus once, and you need to make a deposit before you can get your hands on it. To make a deposit and claim the bonus, you need to sign up at the desktop version of the casino. You need to sign up at the casino using a desktop computer only. The minimum deposit you need to make to be eligible for the bonus is $20. You need to make a deposit before you can get the bonus. Make a deposit using the bonus code, and you’ll be able to use the bonus. You need to make a deposit of at least $20 to be eligible for the bonus. You can claim a no deposit bonus of up to $100 at the casino.

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