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Tag Archives: takeover

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…

France – Gaming1’s deal to buy SFC hit by COVID-19 closures

Belgian group Gaming1’s deal to take control of French casino group Société Française de Casinos via its French subsidiary Circus Casino France ‘has lapsed’ with the Belgian operator asking for a renegotiation of the financial conditions due to the financial crisis caused by the coronavirus pandemic. Société Française de Casinos operates casinos in Gruissan, Port…

France – Belgian group Gaming1 launches takeover bid for Société Française de Casinos

The Belgian group Gaming1 wants to take control of the Société Française de Casinos via its French subsidiary Circus Casino France. Société Française de Casinos operates casinos in Gruissan, Port la Nouvelle, Collioure and Châtel-Guyon. The SFC confirmed in a statement that Circus Casino France has signed a memorandum of understanding to acquire 50.05 per…

Australia – Melco tipped to try for outright control of Crown Resorts

Crown Resorts is now a prime target for takeover by Melco Resorts & Entertainment, according to gaming analyst Sanford C Bernstein who believes Melco will be approved for its acquisition of a 19.99 per cent share in the Australian casino group before bidding for full ownership. Bernstein’s Vitaly Umansky, Eunice Lee and Kelsey Zhu believe…

France – Joa to snap up Emeraude and become France’s second biggest casino group

French casino operator Joa Group is buying rival operator Emeraude group adding eight casinos taking its portfolio of casinos to 32 and making it the second largest French casino group in terms of number of venues, behind the group Partouche with 41 casinos and in front of the Barrière group with 27 casinos. The Emeraude…

Australia – Wynn pulls the plug on proposed US$7.1bn Crown buyout

Wynn Resorts has moved quickly to end potential takeover talks with Australia’s biggest casino group Crown Resorts, owner of Crown Melbourne, Crown Perth and the planned Crown Sydney. It had placed a bid of US$7.1bn for the group on the table but quickly withdrew its offer blaming Crown for the end of the talks. It…

US – PlayUp and 123gaming pull the plug on takeover

North American Daily Fantasy Sports specialist PlayUp has pulled the plug on its planned purchase of US gaming platform 123gaming citing concerns with the ownership of IP, commercial viability, supplier agreements, payment gateways, and profitability. PlayUp CEO Daniel Simic said: “We’d like to thank 123gaming for its honesty and openness with us. Unfortunately, the deal…

Austria – Novomatic given green light for Casinos Austria shares

Novomatic, Europe’s leading gaming technology company, has announced that at the resolution of the Annual General Meeting of Casinos Austria AG (CASAG), the conditions precedent for the acquisition of the shares of MTB private foundation in the Casinos Austria AG to the amount of 17.2 per cent have been met, paving the way for an…

Australia – Ladbrokes considering Tabcorp takeover bid

British bookmaker Ladbrokes Coral is considering a £2bn takeover bid for Australian operator Tabcorp Holdings. Tabcorp, Australia’s largest bookmaker, has just confirmed it has bought 10 per cent of its takeover target Tatts Group for A$638m. Tabcorp last month agreed to buy lottery operator Tatts for A$6.4bn to create a gambling giant in Australia. Ladbrokes…