Casinos & Gaming

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Magnum Bhd announces striking-off dormant subsidiaries

Tuesday, 16 Dec 2014 07:00pm EST

Magnum Bhd:Says Definite Command Sdn Bhd (DCSB) and MPIB Nominees (Tempatan) Sdn Bhd (MNTSB), two of Magnum's wholly-owned subsidiaries, it was resolved that an application be made to Companies Commission of Malaysia (CCM) to strike-off name from register.Principal activity of DCSB and MNTSB is dormant (since inception).Both DCSB and MNTSB have no intention to commence business or operation in future.The proposed deregistration will not have any material impact or effect on the business operations, earnings and net assets of Magnum and its Group for the financial year ending Dec. 31.

Churchill Downs Inc completes acquisition of Big Fish Games

Tuesday, 16 Dec 2014 04:30pm EST

Churchill Downs Inc:Completed previously announced acquisition of Big Fish Games, Inc. (Big Fish), producers and distributors of mobile and online games.Transaction includes upfront purchase price of $485 million comprised of about $16 mln in CDI stock, up-front cash of $384 mln and $85 mln in cash to be paid over three years.Purchase price remains subject to working capital and other customary post-closing adjustments.Additional earn-out payment of up to $350 mln may be paid in cash based on achieving EBITDA growth in 2015.Goldman Sachs acted as financial advisor and Sidley Austin LLP acted as legal advisor to CDI.JPMorgan acted as lead on financing of this transaction.Qatalyst Partners LP acted as financial advisor and Perkins Coie LLP acted as legal advisor to Big Fish on this transaction.

Las Vegas Sands names Robert G. Goldstein as President and Chief Operating Officer

Thursday, 11 Dec 2014 09:15am EST

Las Vegas Sands:Names Robert G. Goldstein as its president and chief operating officer, replacing Michael A. Leven, who is retiring at the end of the year after having served as president and chief operating officer since 2009.

Gtech SpA says 11.3 pct of capital exercised merger exit right-Reuters

Wednesday, 10 Dec 2014 12:39pm EST

Gtech SpA:Said on Dec. 10 that shareholders representing 11.3 percent of its share capital had exercised a withdrawal right in connection with its agreed merger with U.S. International Game Technology-Reuters.Said in a statement the Italian gaming group the shares stemming from the exit right exercise would be offered to its shareholders from Dec. 11 to Jan. 9, 2015.Said it has conditioned its merger with IGT to less than 20 pct of the group's share capital exercising the right.Said it had further reduced the bridge loan financing the acquisition to $6 billion.

Paddy Power PLC announces management appointments

Tuesday, 9 Dec 2014 02:01am EST

Paddy Power PLC:Announces three senior management appointments.Says the appointments will take effect from Jan. 1, 2015, coinciding with Andy assuming the role of chief executive.Peter O'Donovan has been appointed 'Chief Product Officer.Johnny Hartnett has been appointed 'Managing Director, Paddy Power Online.Woolfenden has been appointed 'Managing Director, Retail (UK & Ireland).

Betfair Group PLC gives FY 2014 EBITDA guidance in line with analysts' estimates - Conference Call

Thursday, 4 Dec 2014 05:15am EST

Betfair Group PLC:Expects FY 2014 EBITDA in the range of 97 million pounds to 103 million pounds.FY 2014 EBITDA of 101 million pounds - Thomson Reuters I/B/E/S.

Betfair Group declares interim dividend

Thursday, 4 Dec 2014 02:01am EST

Betfair Group PLC:Declares an interim dividend of 9.0 pence per share (H1 FY14: 6.0 pence).Payable on Jan. 16, 2015 to holders of relevant shares on the register at Dec. 12.

PCG Entertainment Plc announces commencement of dealings on London Stock Exchange

Thursday, 4 Dec 2014 02:00am EST

PCG Entertainment Plc (PCGE):Says commencement of dealings in its ordinary shares on the AIM Market of the London Stock Exchange.The group has raised 3.41 million Pounds (before expenses) through a placing of 24,333,334 new ordinary shares at 6 pence per share and a subscription of 32,500,000 new ordinary shares at 6 pence per share.The total number of ordinary shares in issue at Admission is 1,030,691,444, giving the group a market capitalisation of about 61.8 million Pounds at the issue price.Sanlam Securities is the Nominated Adviser and Beaufort Securities are the sole Broker to the Company.The net proceeds of the placing and subscription will be used to develop the Licenses, including seeking relevant regulatory approvals and fund the working capital requirements of the company.


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Provider: Edison Investment Research
Provider: Edison Investment Research
Provider: Edison Investment Research
Provider: Edison Investment Research
Provider: Edison Investment Research

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