Friday, September 18, 2020

Tag: Acquisition

Twin River pays $180m three casinos from Caesars and Elorado

Twin River acquisitions
Twin River Worldwide Holdings has acquired three casinos from Caesars Entertainment and Eldorado Resorts in two deals totalling $180m.

Churchill Downs finalises Turfway Park deal

Churchill Downs Turfway Park
Churchill Downs has acquired its second Kentucky racetrack, after the Kentucky Horse Racing Commission approved a $46m deal with Jack Entertainment to..

AMGO iGaming AB to acquire Jetbull, the EveryMatrix B2C brand

everymatrix jetbull amgo
EveryMatrix has signed a €2m purchase agreement with AMGO iGaming AB for the acquisition of its Jetbull B2C brand. Starting 1 July 2019, AMGO will get full ownership of Jetbull and has already started the transition phase to operate and manage the brand. Operating on the EveryMatrix white label platform, Jetbull is a gaming brand that offers competitive casino and sportsbook....

Gauselmann Group acquires stake in the casinos in Mainz, Trier and Bad Ems

Gauselmann Group, acquisition, stake, casinos, Mainz, Trier, Bad Ems
The family-run Gauselmann Group from Espelkamp, Eastern Westphalia, is expanding its involvement in the casino segment. Through Gauselmann Spielbanken Beteiligungs GmbH, it is investing in Spielbank Mainz GmbH & Co. KG and in its general partner Spielbank Mainz Beteiligungs GmbH. Further shareholders are Spielbank Bad Neuenahr GmbH & Co. KG and Novomatic Spielbanken Holding Deutschland GmbH & Co. KG. The Mainz,...

Golden Entertainment completes $190m acquisition of two Laughlin casinos

Golden Entertainment, acquisition, Laughlin casinos
Las Vegas-based Golden Entertainment completed its acquisition of two southern Nevada casinos from Marnell Gaming on 14 January. The acquisition of the Colorado Belle and Edgewater in Laughlin adds the two properties adjacent to Golden’s Aquarius Resort to the company’s portfolio. There are a total of 11 casinos in Laughlin, the fifth largest gaming revenue market in Clark County, which...

Scientific Games completes Don Best Sports acquisition

Scientific Games, Don Best, Sport, acquisition
Scientific Games has completed its acquisition of sports odds and data services supplier Don Best Sports. Scientific Games has completed its acquisition of Don Best Sports and DBS Canada, enhancing its sports betting portfolio and managed trading services with real-time data and pricing resources. With the addition of Don Best’s trading and pricing expertise to its OpenBet product suite, the company...

Sun Dreams buys Park Hyatt Mendoza

ICR 190 LATAM SUNDREAMSARGENTINA
Chile-based Sun Dreams is set to enter the Argentinian market with the acquisition of Nuevo Plaza Hotel Mendoza SA, which owns and operates the Park Hyatt Mendoza hotel and casino. “It's hoped that the sale will be finalised by the end of July,” said Ecocuyo Leandro Livschitz, general manager of the Park Hyatt Mendoza. “While the ownership of the Park...

Penn Gaming secures more acquisition approvals

Pennsylvania
Penn National Gaming has moved a step closer to becoming one of the largest regional casino operators after further approvals have been granted for its acquisition of Pinnacle Entertainment. The deal, which would have a market impact far outside of Pennsylvania received conditional approval from both the West Virginia Lottery Commission and the Pennsylvania Gaming Control Board last month and...

Playtech returns capital to shareholders amid strong cash generation

Casino Review, Playtech
Gaming and financial services supplier Playtech is set to return E150m to shareholders after a particularly strong trading in the first half of the year, which saw revenues for the group jump by 18 per cent.   The company said that the strength of its balance sheet and “continuing substantial cash generation” meant that it could offer a special dividend to...

MGM Resorts complete Borgata casino takeover

Casino Review, MGM Resorts, Borgata
MGM Resorts has taken over the Borgata after acquiring Boyd’s 50 percent stake. The $900m (€809.0m) deal will see Boyd Gaming receive $589m (€529m) after debt deduction.   MGM Resorts International has finalised its takeover of the Borgata casino, the highest grossing gaming venue in Atlantic City, US.   Already holding a 50 percent stake, the operator acquired Boyd Gaming’s half of the...

GPI moves to purchase EGT’s Dolphin brand

Dolphin GPI
Entertainment Gaming Asia (EGT) and Gaming Partners International (GPI) have announced that EGT's wholly-owned Hong Kong subsidiary, Dolphin Products, has entered into a binding letter of intent to sell its assets to GPI. Dolphin is a leading manufacturer and distributor of RFID and traditional gaming chips and plaques under the Dolphin brand to major casinos in Asia and Australia. Under the terms...

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