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Casino plans to sell 1.5 billion euros of assets to pay down debt. And its share price may recover, easing pressure on Rallye. But the risk is that Rallye pledges its Casino shares to banks, and then fails. That would be a blessing for holders of shorter-dated debt who get repaid, and a bad day for those left at the table. - The price of Rallye's 3.25 percent bond maturing in 2024 has fallen to 38.2 percent of par value on Sept. 6, from 99.6 on Jan. 31, according to Eikon. The group's credit default swap spread has risen from 706 basis points to around 2800 basis points over the same period, according to IHS Markit data on Eikon. - Rallye owns a 51.1 percent stake in French supermarket group Casino. It is owned in turn by Jean-Charles Naouri with a stake of 53.2 percent. - Rallye has 975 million euros of bonds maturing before March 2019, according to Eikon.
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September 6, 2018 / 4:29 PM / Updated 8 hours ago Cowboys make history, partner with casino The Dallas Cowboys became the first NFL team to have an official casino designation, announcing a partnership with WinStar World Casino and Resort on Thursday. Sept 6, 2018; Frisco, TX, USA; WinStar World Casino general manager Jack Parkinson (right) and Dallas Cowboys owner Jerry Jones (left) announced the WinStar World Casino as the Official Casino of the Dallas Cowboys. Mandatory Credit: Jeremiah Jhass/Handout Photo via USA TODAY NETWORK “The Dallas Cowboys take great pride in aligning themselves with the best brands in the world,” owner Jerry Jones said. “It is a privilege to stand shoulder to shoulder as partners with such a prominent entertainment brand like WinStar World Casino.” WinStar is located in Oklahoma, where sports betting remains illegal, but the NFL has relaxed its rules against gambling associations and content this offseason. Teams may now accept advertising money from casinos, although direct relationships with sportsbooks are not permitted.
For the original version including any supplementary images or video, visit https://www.reuters.com/article/us-football-nfl-dal-casino/cowboys-make-history-partner-with-casino-idUSKCN1LM2GH
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