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Tag Archives: Merger

Australia – The Star launches bid to merge with Australian rival Crown

Somewhat out of the blue, the Star Entertainment Group has submitted a conditional, non-binding, indicative proposal to merge with Crown Resorts at a nil-premium share exchange ratio of 2.68 The Star shares per Crown share. Based on recent trading values of The Star and the substantial value that would be unlocked by a merger, The…

US – Nevada Gaming Commission green lights Caesars’ purchase of William Hill

Caesars Entertainment’s $3.7bn purchase of British betting brand William Hill has been approved by the Nevada Gaming Commission. CEO Tom Reeg confirmed to the Nevada Gaming Commission that Caesars only wants to own the U.S. portion of William Hill’s business and will offload the international division once the deal is completed next month. “We’re a…

Chile – Rivals Enjoy and Sun Dreams could merge to create Lat Am superpower

Latin American casino group Enjoy has reached an agreement to merge its gaming and hotel business with that of rival casino operator Sun Dreams, according to Bloomberg Law, who says it has seen documents from Enjoy’s main creditors and shareholders. Enjoy sent documents relating to the potential merger to the Commission for the Financial Market…

US – Nevada and Indiana give seal of approval to Eldorado/Caesars deal

The merger between Eldorado Resorts and Caesars Entertainment has received the green light from the Nevada Gaming Control Board and the Indiana Gaming Commission paving the way for the completion of the $17.3bn deal to create an even bigger North American casino giant owning 55 casinos in 16 states and several other countries. Gaming regulators…

US – Federal Trade Commission clears Eldorado and Caesars merger

Caesars Entertainment has announced that the Federal Trade Commission has accepted a proposed consent order, which concludes the FTC’s Hart-Scott-Rodino review of Caesars’ pending merger with Eldorado Resorts. The FTC’s acceptance of the consent order satisfies all required antitrust clearances for the merger. The completion of the Merger remains subject to the satisfaction of other…

Canada – Stars expects Flutter merger to complete on May 5

The Stars Group expects to complete the pending combination with Flutter Entertainment on May 5, 2020, subject to customary closing conditions. Upon closing, shareholders of The Stars Group will be entitled to receive 0.2253 Flutter ordinary shares for each common share. “With the overwhelming approval of our shareholders last week and receipt of all remaining…

Canada – The Star’s shareholders approve merger with Flutter

The Stars Group’s shareholders have approved the proposal to combine the business with Flutter Entertainment. The special resolution approved the previously announced plan of arrangement under the Business Corporations Act between The Stars Group and Flutter, whereby Flutter will acquire all of the issued and outstanding common shares of The Stars Group. Approximately 99.99 per…

UK – The Stars Group receives UK Competition & Markets Authority clearance for Flutter deal

The UK Competition & Markets Authority has unconditionally cleared The Stars Group’s combination with Flutter Entertainment plc following the CMA’s Phase 1 review under the Enterprise Act 2002. As previously announced, The Stars Group and Flutter have entered into an arrangement agreement providing for an all-share combination to be implemented through an acquisition of The…

Chile – Merger between Sun Dreams and Marina del Sol cancelled

Sun Dreams and Marina del Sol have reported that the proposed merger between the two companies has been cancelled. According to a memorandum released to financial authorities “the parties did not agree on the points necessary to carry out the transaction, they did not manage to exchange the background or the documents necessary to carry…