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Tag Archives: sale

Brazil – Tender for Lotex delayed for fifth time

The Brazilian Development Bank (BNDES) has delayed the tender for the instant lottery LOTEX for the fifth time. BNDES has set a new date for the tender in order to give potential licensees more time in order to take part, clarify any doubts they might have and deliver their proposals along with any other documents….

Spain – Hedge funds continue to circle €2bn Cirsa ahead of non-binding bids

North American hedge fund giants including the Advent International, Apollo Global Management, Blackstone Group and Cerberus Capital Management are among the investors believed to be looking at a potential €2bn takeover of Spanish gaming giant Cirsa. Spanish casino and bingo-hall operator Cirsa, owned by billionaire Manuel Lao Hernandez, is expecting non-binding bids to be made…

The Netherlands – Holland Casino sale likely to take another two years

The Netherlands’ junior Finance Minister Menno Snelm has said that the sale of the state-owned Holland Casino group probably won’t be completed until 2020. The initial plan announced three years ago had been to sell the casinos by the end of 2017 but a ‘number of administrative hurdles’ have delayed the sale. Ten of the…

Vanuatu – Grand Hotel & Casino for sale in Vanuatu

Zagame Corporation is hoping to sell its Grand Hotel & Casino resort in Vanuatu for US$25m. The eight-story, 74 room waterfront hotel overlooks Port Vila Harbour and Iririki Island. It includes a restaurant, four bars, conference rooms, and a pool whilst the casino boasts 136 slot machines, 15 gaming tables, and afloor VIP gaming room….

US – GTech in talks over IGT purchase

GTech, the operator of Italy’s state lottery, and owner of the Spielo brand, has emerged as a front runner in the bid to buy International Game Technology. The Italian company confirmed it was discussing a potential purchase stating it was holding ‘preliminary, exploratory discussions regarding a potential acquisition.’ It would use a combination of shares…

Philippines –Thunderbird are go; out of the Philippines

Thunderbird Resorts has offloaded its ‘entire economic interest and management rights in its Philippines and related British Virgin Islands operations’ to Magnum Leisure Holdings for $26.5m. The deal includes casinos at Poro Point and San Fernando. Last year Thunderbirds invested P563m on expanding the casino and hotel business inside the Poro Point Freeport Zone to help…