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Tag Archives: Merger

Chile – Dreams and Enjoy defend merger

Dreams and Enjoy are still awaiting the resolution of the Chile’s National Competition Authority (FNE), which decided to extend to phase two the term of analysis of the merger of both companies. Now that more than 100 business days have passed since its decision, the companies sent a note to the FNE. Through the lawyers Julio…

Chile – Investigation into possible collusion between operators

Chile’s National Competition Authority (FNE) revealed that it has carried out a series of raids involving directors of casino operators in Chile. The agency is believed to be carrying out an investigation over possible collusion within the industry. During the raid, computers, cell phones and documents were taken, which are now in the hands of the…

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…