Thursday, March 23, 2023

Tag: Mergers & Acquisition

Century completes Apex Casino acquisition

Casino Review Century Casino Apex
Century Casinos has taken full ownership of the Apex Casino located in the Edmonton, Alberta, suburb of St. Albert.   The acquisition, which was first announced over the summer, closed on October 1, with Century paying C$27.9m (E19m) for the casino property and its gaming assets. The venue has been rebranded as ‘Century Casino St. Albert’ and is the Colorado-based operator’s latest...

Double casino purchase for Société Française de Casinos

Casino Review France
Midweight operator Société Française de Casinos (SFC) has expanded its presence in France following the purchase of two casinos.   According to local news outlets, the group has bought a casino in Capvern, a spa town in the High Pyrenees, following the death of the former owner. Over the next two years, SFC said it would invest more than E1.5m in...

Isle of Capri Casinos in $1.7 billion sale to Eldorado Resorts

Casino Review Isle of Capri
Eldorado Resorts enters into definitive agreement to acquire Isle of Capri Casinos for $23 per share in a cash and stock transaction valued at $1.7bn.   Eldorado Resorts and Isle of Capri Casinos announced yesterday (Monday) that they have entered into a definitive merger agreement whereby Eldorado will acquire all of the outstanding shares of Isle of Capri for $23 in...

Isle of Capri Casinos to sell Hotel Lake Charles

Casino Review Isle of Capri
Isle of Capri Casinos has agreed to sell its Westlake property to a New Mexico developer for around $134.5m.   The New Mexico-based Laguna Pueblo has entered an agreement to purchase a commercial, riverboat casino in Louisiana for $134.5m (E119.7m). Kicks Entertainment, newly formed by Laguna Development Corporation (LDC), the tribe's economic development arm, plans to purchase the Isle of Capri Casino...

Deal? No Deal. Novomatic pull plug on CASAG takeover

Casino Review Novomatic Casinos Austria Regulator
Austria’s largest gaming entity Novomatic has said that the country’s competition regulator demanded too much to green-light its acquisition move on Casinos Austria.   Austrian gaming manufacturer the Novomatic Group has abandoned its attempt to acquire a majority interest in the Casinos Austria Group (CASAG) – after the country’s market regulator said that the move would restrict competition without significant restructuring...

Scientific boosts table games portfolio with DEQ acquisition

Casino Review DEQ Scientific
Scientific Games will soon be bolstering its product range with the acquisition of DEQ Systems, a Canadian casino solutions supplier specialising in table games and utility products.   Under the terms of the deal, Scientific will acquire 100 percent of the shares in DEQ Systems for a cash sum of $0.38 per share, or CA$27.2m in total. For the 12 months...

888 keeps door open for mergers after H1 profit growth

Casino Review 888 Holdings
888 Holdings has praised the “outstanding momentum” of its online sportsbook and casino operations as pre-tax profits rose by 39 percent in the first half of the year, while CEO Itai Frieberger has insisted the firm is still “open for business” after its failed acquisition bid.   The CEO of 888 Holdings has brushed off a disappointing summer that saw its...

Z Capital acquire casino operator Affinity

Casino Review, Affinity, Z Capital
Z Capital Partners and Affinity Gaming announced on 24 August that affiliates of Z Capital have entered into a definitive agreement with Affinity to acquire the company in an all-cash transaction.   The deal values Affinity at approximately $580m (€514m), meaning that Z Capital and its affiliates, which currently own 41 percent of Affinity’s outstanding shares, will purchase Affinity’s remaining outstanding...

Playtech acquires Best Gaming Technology

BGT Playtech
Playtech claims its latest acquisition of Best Gaming Technology will enhance its omni-channel offering.   Playtech has announced that it has acquired Austrian betting software provider Best Gaming Technology for E138m. The consideration was paid from Playtech’s existing cash resources. Headquartered in Vienna, BGT was founded in 2005 and is the leading provider of sports betting software and solutions for gaming and...

Playstudios purchases Israeli online game studio

Playstudios Scene53
Californian developer of free-to-play casino games Playstudios has  announced that it has acquired Scene53, an Israeli-based game studio specialising in real-time, multi-player mobile games.   The two companies already have a history of partnership – having jointly developed the newest Playstudios mobile app, POP! Slots, together. The game allows players to play in groups, share jackpots and interact with friends as they...

Crown shares rise with de-merger announcement

Crown Resorts
An announcement from Australian operator Crown Resorts that it would spin-off its international properties into a separate company was greeted by a sudden and dramatic leap in the value of its stock. Crown’s press statement resulted in a 13 per cent rise in its share-price on the Sydney stock exchange by close-of-play on June 16, despite a broader market trend...

Full House completes bid to purchase Cripple Creek resort

Cripple Creek Full house Resorts
Paperwork is now completed on Full House Resorts’ acquisition of Billy’s Casino and Hotel in Cripple Creek, Colorado - as the company sets new timelines to payback its creditors.   Nevada-based casino operator Full House Resorts (FHR) has completed its acquisition of Bronco Billy’s Casino and Hotel in Cripple Creek, Colorado, having paid $30m (E26.6m). Coinciding with the acquisition, FHR has...

Finland’s merged gaming operator to be named Veikkaus

Finland Merger RAY Veikkaus Fintoto
The merger of Finnish betting and gaming firms RAY, Veikkaus and Fintoto is now underway, with the first elements of the new brand due to launch at the beginning of 2017.   On September 17, 2015, Finland’s Ministerial Committee on Economic Policy approved the high-profile merger of the country’s three gambling operators, Fintoto Oy, Veikkaus Oy and Rahaautomaattiyhdistys (RAY). Following a lengthy...

Novomatic buys Talarius, closes in on Ainsworth purchase

Novomatic Harald Neumann Talarius
Australian gambling firm, Tatts Group, has sold Talarius, its UK-facing slots operator and owner of the Quicksilver adult gaming centre brand, to Novomatic UK for £111m (E136m). Talarius operates more than 7,500 electronic gaming machines in approximately 170 venues across the UK. Commenting on the transaction, Tatts’ CEO and managing director, Robbie Cooke, said: “The sale of Talarius follows three years...

Iao Kun marks foray into brick-and-mortar casino operations

Jeju Sun Iao Kun Holding Company
After losing out on the bid to take control of the Savan casino in Laos earlier this year, VIP gaming room promoter Iao Kun Holding Company has signed a deal to purchase its first brick-and-mortar property. James Walker reports.   Macau junket operator Iao Kun Group Holding Company (IKGH) has announced that its whollyowned subsidiary, Iao Kun Jeju Hotel Company, has...