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Daily Archive: January 14, 2014

Analysts See Bidding War For Beam As Unlikely

Following yesterday’s blockbuster announcement that Suntory has agreed to acquire Beam Inc. for $16 billion (including $2 billion in debt), the general consensus among analysts is that the high multiple offered, a termination fee included in the deal and other factors make the prospect of a fierce bidding war for Beam unlikely. Continue reading →

Posted in News on January 14, 2014

Nevada’s Biggest Casinos Continue To Lose Big

Major casinos in Nevada showed a total loss of $1.35 billion for the fiscal year ended June 30, 2013, marking the fifth consecutive year of losses, according to the Nevada Gaming Control Board. Continue reading →

Posted in News on January 14, 2014

Hakkasan Completes Deal To Buy Enlightened Hospitality Group

Global restaurant and nightlife group Hakkasan Ltd. has acquired a controlling stake in Enlightened Hospitality Group (EHGRP), a San Diego-based hospitality development company, as well as the Stingaree nightclub in San Diego. Continue reading →

Posted in News on January 14, 2014

News Briefs for January 14, 2014

•Constellation is extending its Svedka vodka brand with two new flavors, Mango Pineapple and Strawberry Lemonade. Continue reading →

Posted in News on January 14, 2014

Craft Brewing and Distilling News for January 14, 2014

•Athens, Georgia-based Terrapin Beer Co. is planning to expand its presence in Louisiana and Maryland, as well as add several new markets this year. Continue reading →

Posted in News on January 14, 2014