Casinos & Gaming

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GRAND KOREA LEISURE CO LTD to purchase building

Wednesday, 24 Dec 2014 02:40am EST

GRAND KOREA LEISURE CO LTD:To acquire a building based in Seoul, for 33,431,258,215 won.Expected transaction settlement date of April 30, 2015.

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.

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.

Scientific Games Corp completes merger with Bally Technologies, Inc

Friday, 21 Nov 2014 12:45pm EST

Scientific Games Corp:Says it has completed merger with Bally Technologies, Inc.Aggregate transaction value was about $5.1 billion, including refinancing of about $1.8 billion of existing Bally net debt.

Greek Organisation Of Football Prognostics announces acquisition of Payzone Hellas S.A. by its OPAP Investment Ltd unit

Thursday, 20 Nov 2014 01:58am EST

Greek Organisation Of Football Prognostics SA:Announces the completion of the acquisition of 90 pct of Payzone Hellas S.A. by OPAP Investment Ltd., its 100% subsidiary.

Berjaya Corporation Berhad proposes disposal of entire 60 pct stake in Algaetech International Sdn Bhd

Thursday, 13 Nov 2014 07:00pm EST

Berjaya Corporation Berhad:Says that Berjaya Group Berhad (BGroup), a wholly-owned subsidiary of Berjaya Corporation Berhad (BCorporation), has on Nov. 14, enters into a Share Purchase Agreement (SPA) with LM Greentech Sdn Bhd (Purchaser).SPA for the proposed disposal of its entire 900,000 Class B ordinary shares of one ringgit each representing 60 pct equity interest in Algaetech International Sdn Bhd (AISB) (Sale Shares) to Purchaser for a total cash consideration of one mln ringgit.AISB is presently a 60 pct-owned indirect subsidiary of BCorporation.

Churchill Downs Inc to acquire Big Fish Games

Wednesday, 12 Nov 2014 04:30pm EST

Churchill Downs Inc:Says the company and Big Fish Games, Inc announced they have entered into a definitive merger agreement under which CDI will acquire all of the outstanding stock and equity interests of the privately held Big Fish.Says the transaction is structured on a cash-free/debt-free basis and is valued at up to $885 million, including a base consideration of $485 million and a potential earn-out payment of up to $350 million based on 2015 Adjusted EBITDA.Goldman Sachs is acting as financial advisor and Sidley Austin LLP is acting as legal advisor to CDI.JPMorgan is acting as lead on the financing of this transaction.

Sino Credit Holdings Ltd's subsidiary completed acquisition of Virtue Crest Investments Ltd

Friday, 31 Oct 2014 06:17am EDT

Sino Credit Holdings Ltd:Says Best Volume Investments Ltd, subsidiary completed purchase of entire equity interests in Virtue Crest Investments Ltd.Says total consideration for acquisition is HK$393,210,000.

Berjaya Corporation Berhad announces acquisition of 100 pct equity interest in Sweet Spot Digital (malaysia) Sdn Bhd

Thursday, 30 Oct 2014 08:00pm EDT

Berjaya Corporation Berhad:Announces that Berjaya Group Berhad, a wholly-owned subsidiary of the company, has acquired 100 pct equity interest comprising 2 ordinary shares of 1.00 Ringgit each in Sweet Spot Digital (Malaysia) Sdn Bhd for a total cash consideration of 2.00 Ringgit.

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