Fantasy Springs Casino is Sold to Rupert Murdoch for $2 Billion

Fantasy Springs Casino is Sold to Rupert Murdoch for $2 Billion

It was announced on Wednesday that Rupert Murdoch’s News Corp had agreed to purchase Fantasy Springs Casino in Indio, California for $2 billion. The casino is one of the largest in California and is a popular destination for both tourists and locals.

Murdoch has long been interested in the gambling industry, and he already owns several casinos in the United States. This latest acquisition will give him a commanding presence in the California market.

News Corp hailed the deal as a major victory, and they said that it would help them to further expand their business in the United States. In a statement, Murdoch said that he was looking forward to working with the team at Fantasy Springs Casino to create “a world-class gambling destination.”

The sale still needs to be approved by regulators, but it is expected to go through without any problems. Once it is finalized, Fantasy Springs Casino will become part of Murdoch’s sprawling media empire.

Fantasy Springs Casino to be Renamed Rupert’s Palace

Fantasy Springs Resort Casino announced on Thursday that they will be rebranding the casino to Rupert’s Palace starting in 2019. The resort is planning a multimillion-dollar renovation to coincide with the new name.

“With our renovation, we want to transport guests to a luxurious palace that pays homage to classic Hollywood,” said Fantasy Springs Resort Casino General Manager David Dominguez in a statement. “Rupert’s Palace will be a true destination for those who crave the finer things in life.”

The renovations will include updates to the guest rooms, restaurants, and casino floor. The resort is also adding a new bar and lounge called The Gatsby, which will feature live entertainment and Champagne cocktails.

The casino has not yet released information about when the renovations will begin or how long they will last.

Murdochs Make Huge Profit in Sale of Fantasy Springs Casino

The Murdoch family, led by patriarch Rupert Murdoch, has made a handsome profit on the sale of the Fantasy Springs Casino in southern California. The casino was purchased by the family in 2013 for $410 million and has been sold to a group of investors for $1.2 billion.

The Murdochs will net a profit of $790 million on the sale, making it one of the most lucrative deals in the family’s history. The investment group that bought the casino includes members of the Perenchio family, which is headed by former Univision CEO A. Jerrold Perenchio.

The sale price set a new record for casinos in California and is even higher than what was paid for the Sands Casino Resort in Las Vegas. The new owners say they plan to invest an additional $100 million into Fantasy Springs to upgrade it and make it one of the premier casinos in southern California.

The Murdochs have been active in the casino business for many years, having also owned casinos in Atlantic City, New Jersey and Foxwoods, Connecticut.

Fantasy Springs Sold to Rupert Murdoch for a Song

Reports surfaced this morning that Rupert Murdoch has agreed to purchase Fantasy Springs Resort Casino in Indio, California for $425 million.

Murdoch’s 21st Century Fox will own the casino and its 2,000-acre grounds, which include a luxury hotel, spa and golf course.

The transaction is still subject to approval by the California Gaming Commission.

Fantasy Springs Resort Casino first opened in 1986 and features 86 gaming tables and 2,000 slot machines. It is one of the largest casinos in California.

Casino Mogul Buys Fantasy Springs, Plans Major Renovations

The recent purchase of Fantasy Springs Resort Casino by casino mogul Steve Wynn has raised a few eyebrows in the Inland Empire. Wynn, who is most well-known for his ownership of the Mirage and the Bellagio in Las Vegas, has big plans for Fantasy Springs.

According to Wynn, the casino will see a major renovation that will include a new hotel tower, more than 1,000 new slot machines and table games, a new spa, and a variety of restaurants. The resort will also undergo a name change to Wynn Palace Coachella Valley.

“This is an exciting time for Fantasy Springs Resort Casino,” said Wynne in a statement. “We are going to invest more than $100 million into this property and create something truly special here in the Coachella Valley.”

The renovations are set to begin this fall and are expected to be completed by early 2018. In the meantime, Fantasy Springs remains open for business with all of its usual activities and amenities.