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Berjaya Assets proposes to undertake share split

Wednesday, 6 Sep 2017 06:27am EDT

Sept 6 (Reuters) - Berjaya Assets Bhd ::Proposes to undertake share split involving subdivision of every 1 existing ordinary share into 2 shares of co.No suspension will be imposed on the trading of BAssets shares for purpose of implementing the proposed share split.Proposed share split not expected to have any material effect on consolidated earnings of BAssets for financial year ending 30 June, 2018.

MGM Resorts and MGM Growth Properties announce transaction on MGM National Harbor casino resort

Tuesday, 5 Sep 2017 04:06pm EDT

Sept 6 (Reuters) - MGM Growth Properties LLC :MGM Resorts International and MGM Growth Properties LLC announce transaction on MGM National Harbor casino resort.MGM Growth Properties - ‍subsidiary of MGP will purchase long-term leasehold interest, real property improvements associated with MGM National Harbor casino resort​.MGM Growth Properties LLC - ‍MGM Resorts will lease property from MGP and continue to operate property following consummation of transaction​.MGM Growth Properties LLC - ‍MGP will pay total consideration of approximately $1.1875 billion​.MGM Growth Properties LLC - ‍as a result of transaction, expect to achieve mid-single digit percentage accretion to affo per share​.MGM Growth Properties LLC - ‍consistent with master lease terms, 90 percent of rent will be fixed and contractually grow at 2 percent per year until 2022​.MGM Growth Properties - ‍MGM National Harbor will be added to existing master lease between MGM Resorts and MGP, rent payment to MGP to increase by $95 million.​.

Caesars Entertainment Operating Company announces update to contemplated Caesars Palace Las Vegas financing as part of plans for emergence

Tuesday, 5 Sep 2017 08:00am EDT

Sept 5 (Reuters) - Caesars Entertainment Operating Company Inc [RIC:RIC:HAMLEO.UL]:Caesars Entertainment Operating Company Inc announces update to contemplated Caesars Palace Las Vegas financing as part of plans for emergence.CEOC obtained committed financing for $2.2 billion of proceeds to finance fee, leasehold interests in Caesars Palace Las Vegas​.Proceeds from new-money financing for to-be-formed REIT will be used to repay CEOC's existing indebtedness​.

888 says H1 revenue rose 3 pct to $270.1 mln

Tuesday, 5 Sep 2017 02:00am EDT

Sept 5 (Reuters) - 888 Holdings Plc <888.L>:H1 REVENUE ROSE 3 PERCENT TO 270.1 MILLION USD.H1 PRETAX LOSS -17.3 MILLION USD VERSUS 27.8 MILLION USD PROFIT YEAR AGO.H1 REVENUE AT $270.1 MILLION VERSUS $262 MILLION YEAR AGO.H1 LOSS BEFORE TAX AT $17.3 MILLION MILLION VERSUS PROFIT OF $27.8 MILLION.INTERIM DIVIDEND OF 4.0¢ PER SHARE.H1 ADJUSTED EBITDA AT $47.6 MILLION MILLION VERSUS $44.1 MILLION.H1 B2C REVENUE AT $242.6 MILLION VERSUS $229.5 MILLION.H1 REVENUE FROM REGULATED AND TAXED MARKETS REPRESENTS 71% ON A CONSTANT CURRENCY BASIS (H1 2016: 72%) OF GROUP REVENUE.CASINO, POKER AND SPORT REAL MONEY REGISTERED CUSTOMER ACCOUNTS OF 24.6 MILLION, UP 6% FROM 31 DECEMBER 2016."REMAINS CONFIDENT THAT 888 WILL ACHIEVE FURTHER PROGRESS AND DELIVER ITS EXPECTATIONS FOR FULL YEAR".EXCEPTIONAL CHARGES OF US$50.8 MILLION DURING H1.H1 GAMING DUTIES INCREASED TO US$37.4 MILLION (H1 2016: US$30.2 MILLION).

CEO Ulrik Bengtsson leaves Betsson

Monday, 4 Sep 2017 07:55am EDT

Sept 4 (Reuters) - Betsson Ab :CEO Ulrik Bengtsson leaves Betsson .Says betsson ab's board of directors has decided to appoint Pontus Lindwall CEO of Betsson until a new CEO has been recruited. Ulrik Bengtsson has chosen to leave his position immediately.In connection with this appointment, Pontus Lindwall’s role as Chairman of the Board will be assumed by the Board member Patrick Svensk until further notice.

Fortuna closes Romanian transactions

Friday, 1 Sep 2017 02:06am EDT

Sept 1 (Reuters) - Fortuna Entertainment Group Nv :announces closing of Romanian transaction that had been approved at Aug 1 EGM.closed the acquisition of Bet Active Concept S.R.L., Bet Zone S.R.L., Public Slots S.R.L. and Slot Arena S.R.L. through two SPVs.says to further reinforce and grow the multi-channel betting and gaming business through investment into future growth.says Romanian operation will be integrated with Hattrick business in Romania but will keep a dual-brand strategy.says total consideration to be paid for the acquisition will be EUR 47 million, out of which EUR 32 million was paid as initial base price on the closing date whilst the rest will be paid as earnout mechanism with maximum earn-out opportunity of EUR 15 million .says In addition, approximately EUR 3 million in loans provided by majority shareholder Fortbet to the Romanian entities will be refinanced. The consideration will be funded via Company’s cash and bank loans.

Olympic entertainment says lithuanian subsidiaries of OEG have merged

Friday, 1 Sep 2017 02:00am EDT

Sept 1 (Reuters) - OLYMPIC ENTERTAINMENT GROUP AS ::SAYS LITHUANIAN SUBSIDIARIES OF OEG HAVE MERGED.SAYS MERGER OF SUBSIDIARIES HAS NO DIRECT INFLUENCE ON ECONOMIC ACTIVITIES OF OEG GROUP.SAYS DURING COURSE OF MERGER ORAKULAS UAB MERGED WITH OLYMPIC CASINO GROUP BALTIJA UAB.SAYS AIM OF MERGER WAS ADJUSTMENT OF GROUP'S STRUCTURE.

Highlight Event and Entertainment H1 group loss widens to CHF 2.8 mln

Friday, 1 Sep 2017 01:42am EDT

Sept 1 (Reuters) - HIGHLIGHT EVENT AND ENTERTAINMENT AG ::SAID ON THURSDAY H1 GROUP LOSS AMOUNTED TO AROUND CHF 2.8 MILLION (PREVIOUS YEAR: LOSS AROUND CHF 0.5 MILLION).

Melco International Development says HY profit for period attributable HK$164.6 mln

Thursday, 31 Aug 2017 09:33am EDT

Aug 31 (Reuters) - Melco International Development Ltd <0200.HK>::HY profit for period attributable to owners of company HK$164.6 million versus HK$10.37 billion.Declares an interim dividend of HK2.2 cents per share.Anticipate City Of Dreams Manila in Philippines will continue to post robust revenue and stable earnings growth.HY net revenue HK$20.1 billion versus hk$5.55 billion .

Macau Legend Development says HY revenue HK$855.9 million

Thursday, 31 Aug 2017 09:31am EDT

Aug 31 (Reuters) - Macau Legend Development Ltd <1680.HK>:Hy revenue HK$855.9 million versus HK$666 million.Hy loss for period HK$228.6 million versus loss of HK$175.3 million.

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