Tag Archives: Apollo Global Management
US – Apollo completes acquisition of The Venetian Las Vegas
The Venetian Las Vegas and The Venetian Expo announced that funds managed by affiliates of Apollo have completed their acquisition of the operations of The Venetian Resort from Las Vegas Sands Corp. The Venetian Resort, which offers one of the world’s most elevated resort experiences, is now a private company backed by the Apollo Funds….
US – Apollo’s take over of Sands’ Las Vegas assets gets the green light
The Nevada Gaming Control Board has recommended the Nevada Gaming Commission approve the $6.25bn deal for Apollo Global Management to buy the Venetian, Palazzo, and the Venetian Convention and Expo Center from Las Vegas Sands Corp. The deal will see VICI Properties own the land and Apollo owning the operations with a lease deal on…
Australia – Apollo Global Management makes it bid for Tabcorp
US investment manager Apollo Global Management has now outbid British betting company Entain in the race to buy Australian betting giant Tabcorp. Apollo has put forward two bids one for AU$4bn to take both the Wagering & Media business and the Gaming Services business and one for AU$3.5bn just for the Wagering & Media business…
Canada – Apollo’s deal to buy Great Canadian cleared by Investment Canada
Apollo Global Management’s deal to buy Great Canadian Gaming Corp. has been approved by Investment Canada. It follows approvals in December from the Supreme Court of British Columbia as well as approval from the Competition Act. The transaction is now expected to close in the second quarter of 2021. It is anticipated that the Shares…
US – Caesars and Apollo to buy Sands’ entire Las Vegas retail estate and gaming portfolio
Caesars Entertainment and Apollo Global Management are partnering to buy Las Vegas Sands’ entire Las Vegas real property portfolio and its gaming operations, including The Venetian Resort Las Vegas and the Sands Expo and Convention Center for $6.25bn. Caesars’ offshoot VICI Properties real estate and real estate-related assets of The Venetian for approximately $4bn in…
Canada – Apollo’s deal to buy Great Canadian Gaming approved by Supreme Court
Apollo Global Management’s deal to buy Canadian casino group Great Canadian Gaming Corp. moved a step closer having been granted approval by the Supreme Court of British Columbia. A spokesperson said: “Great Canadian Gaming Corporation has received approval from the Supreme Court of British Columbia of the statutory plan of arrangement under section 288 of…
Canada – Apollo ups its offer to win over Great Canadian Gaming shareholders
Apollo Global Management is looking to win over shareholder approval at Canadian casino operator Great Canadian Gaming Corp. by increasing its takeover by 15.4 per cent. A group of shareholders had threatened to block the deal. Great Canadian Gaming confirmed it ‘had entered into an amended arrangement agreement to be acquired by funds managed by…
Canada – Great Canadian board sees value in $3.3bn Apollo deal but shareholders disagree
A C$3.3bn deal for Apollo Global Management to buy Canadian casino group Great Canadian Gaming Corp. has been rejected by some of the casino operator’s minority shareholders. The board though has unanimously recommended that shareholders vote in favour of the transaction in December. Whilst the offer of $39 per share for the company has been…
Czech – Apollo Global invests €500m into Sazka Group
Apollo Global Management is investing €500m (£448.1m/$591.8m) into Sazka Group, with the formation of a new company Sazka Entertainment who will own Sazka Group. Sazka, who runs lottery businesses in the Czech Republic, Greece, Cyprus, Austria and Italy, as well as owning Casinos Austria and a 40 per cent share in Greek operator OPAP, said…
