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Tag Archives: IPO

South Africa – Tsogo Sun to float assets after splitting hotels from casinos

South African operator Tsogo Sun is in the process of unbundling its casino and hotel interests, prior to listing the holding company THL on June 12. The ‘unbundling’ aims to ‘unlock value’for its shareholders. The company said: “In terms of the unbundling, Tsogo Sun will distribute its entire holding of THL Shares to its shareholders…

US – Scientific closes in on IPO for social games

Scientific Games has now filed its intention to hold an initial public offering (IPO) for its social gaming business, now called SciPlay, with the US Securities and Exchange Commission (SEC). The company has applied to list its Class A common stock on the NASDAQ Global Select Market under the ticker symbol SCPL. Scientific’s social brands…

Macau – Melco continues path towards Studio City IPO

Macau operator Melco has confirmed it is making progress towards launching an Initial Public Offering of shares in Studio City, its cinema-themed casino resort on Cotai. Melco Resorts owns 60 per cent of Studio City with the rest being owned by New Cotai. Melco Resorts stated: “Studio City, the Hollywood-inspired, cinematically-themed integrated entertainment, retail and…

Philippines – Universal to float Okada Manila’s owner in 2019

Universal Entertainment Group will float Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the company behind its Okada Manila in the Philippines, next year, as it looks to speed up growth and raise its brand. The decision was confirmed briefly in Universal’s latest set of results which saw first half profits increase to JPY 172.5bn(US$1.6bn) up…

Canada – Century to float shares to fund Century Mile

Canadian casino operator Century Casinos is looking to float 4.25m shares of its common stock at a price of $7.50 per share. Net proceeds, after underwriting discounts and commissions and estimated offering costs, are expected to be approximately $30.2m. The company intends to use up to $25m of the net proceeds received from the offering to…

China – Analysts confused by Studio city IPO

In a move that has confused analysts, Melco International will lessen its ownership in its Macau casino Studio City by floating part of its shares in the US. Its motives are not yet known although analysts believe it could be to raise money to complete phase 2 of the Macau casino. Having seen its joint…

Sweden – Aspire set to float on Nasdaq First North Premier

Aspire Global filed its application for listing of its shares on Nasdaq First North Premier and published its prospectus while announcing the price for its share to be SEK 30. The offering is directed towards the general public in Sweden and to institutional investors in Sweden and internationally. It is expected to strengthen Aspire Global’s…

US – AGS plans Initial Public Offering

AGS has submitted a draft registration statement on Form S-1 to the United States Securities and Exchange Commission relating to a potential initial public offering of its common stock. The Las Vegas-based company has its roots in the Class II, Native American market although it has recently expanded its product lines to include top performing…

UK – Jackpotjoy to float on the London Stock Exchange

Jackpotjoy has announced its intention to float on the London Stock Exchange in mid-October 2016 in a move that will also see it become the parent company of the Intertain Group. The new group will be chaired by Neil Goulden, who said:”I am delighted to be chairing the Jackpotjoy board at this exciting point in…