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Casinos & Gaming

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Betsson says acquires operator in Lithuania

Thursday, 8 Sep 2016 07:30am EDT

Betsson AB : Says acquires locally licensed operator Losimu strategine grupe in Lithuania . Says initial acquisition consideration is EUR 4.0 million, payable in cash on completion . In the six month period to 30 June 2016, the revenue of the acquired entity was EUR 3.0 million and the adjusted EBIT was EUR 0.55 million. On an annualised basis, the transaction multiple is therefore around 3.6x 2016 EBIT. The sellers are eligible to receive a further EUR 2.0 million performance bonus in 2017 subject to achieving certain milestones. .Says total consideration will then be a maximum 7.25x adjusted annualised EBIT for 2016..

Hospitality Property and Tsogo Sun confirm effective date of deal

Thursday, 1 Sep 2016 06:08am EDT

Hospitality Property Fund Ltd :Tsogo Sun and Hospitality are pleased to confirm that effective date of transaction is 1 September 2016.

Scientific Games agrees to buy Deq Systems for C$0.38/share

Wednesday, 31 Aug 2016 08:05am EDT

Deq Systems Corp: Scientific Games announces definitive agreement to acquire Deq Systems . Deal for CAD$0.38 per share. . Says transaction expected to be accretive to earnings and operating cash flow to scientific games in 2017 .Says Deq's board of directors unanimously approved transaction.

Scientific Games agrees to buy Deq Systems for C$0.38/share

Wednesday, 31 Aug 2016 08:05am EDT

Deq Systems Corp: Scientific Games announces definitive agreement to acquire Deq Systems . Deal for CAD$0.38 per share. . Says transaction expected to be accretive to earnings and operating cash flow to scientific games in 2017 .Says Deq's board of directors unanimously approved transaction.

Mamiya-OP to buy Kasco via share exchange

Friday, 26 Aug 2016 02:25am EDT

Mamiya-OP Co Ltd <7991.T>: Says it to fully acquire Japan-based co Kasco that engaged in production and sale of golf equipment . Says one Kasco's ordinary share can be exchanged to 0.38 ordinary share of the co .Says the transaction will effective on Nov. 4.

Z Capital Partners to acquire Affinity Gaming

Tuesday, 23 Aug 2016 09:00am EDT

Z Capital Partners L.L.C.: Says entered into a definitive agreement for such affiliates of Z Capital to acquire Affinity in an all-cash transaction . All-Cash transaction values Affinity Gaming at approximately $580 million . Has received a debt financing commitment in amount of $465 million from Citizens Bank, N.A. . Z Capital Partners, L.L.C. says will purchase Affinity's remaining outstanding shares for $17.35 per share in cash .Z Capital Partners, L.L.C says currently own approximately 41 percent of Affinity's outstanding shares.

Isle of Capri Casinos and unit St Charles Gaming entered into an agreement with Kicks Entertainment LLC

Monday, 22 Aug 2016 05:15pm EDT

Isle Of Capri Casinos Inc : On August 22, co and unit St. Charles Gaming entered into an equity purchase agreement with Kicks Entertainment LLC . Pursuant to agreement, Kicks Entertainment agreed to purchase all of equity interests of IOC - Lake Charles . Isle of Capri Casinos Inc says upon signing of agreement, Kicks Entertainment paid to company a deposit of $20 million .If proposed transaction is completed, Kicks Entertainment will pay an aggregate purchase price of about $134.5 million.

Isle of Capri Casinos enters into agreement to sell Isle of Capri Casino Hotel Lake Charles

Monday, 22 Aug 2016 09:24am EDT

Isle Of Capri Casinos Inc : Isle of Capri Casinos, Inc. Enters into agreement to sell Isle of Capri Casino Hotel Lake Charles to Laguna Development Corporation . Deal for approximately $134.5 million . Isle of Capri Casinos Inc says intend to use cash proceeds from transaction to reduce debt and for other corporate purposes . Isle of Capri Casino Hotel Lake Charles will be accounted for as discontinued operations beginning in fiscal 2017 Q2 .Kicks Entertainment Llc newly formed entity owned by LDC and Eagle Holdings, Lllp will purchase isle of Capri Casino Hotel Lake Charles.

MGM Resorts International to up stake in MGM China Holdings

Tuesday, 16 Aug 2016 07:35am EDT

MGM Resorts International: MGM Resorts International to increase its stake in MGM China Holdings Limited . To acquire additional 4.95% of outstanding ordinary shares of MGM China, will own about 56% of MGM China's outstanding common shares . Will issue to grand paradise Macau 7,060,492 shares of its common stock and pay cash consideration of $100 million . Upon completion of transactions, ho would own approximately 4.8% of outstanding common stock of MGM resorts . MGM resorts international says to acquire 188.1 million ordinary shares of its subsidiary MGM China Holdings Limited from grand paradise Macau . Will acquire an additional 4.95% of outstanding common shares of MGM China and will own about 56% of MGM China's outstanding common shares . Pansy ho has entered into agreement to acquire 4 million shares of MGM Resorts stock at $25/share from Tracinda Corporation .In addition, company has agreed to pay GPM (or its nominee) a deferred cash payment of $50 million.

MGM Resorts International to up stake in MGM China Holdings

Tuesday, 16 Aug 2016 07:35am EDT

MGM Resorts International: MGM Resorts International to increase its stake in MGM China Holdings Limited . To acquire additional 4.95% of outstanding ordinary shares of MGM China, will own about 56% of MGM China's outstanding common shares . Will issue to grand paradise Macau 7,060,492 shares of its common stock and pay cash consideration of $100 million . Upon completion of transactions, ho would own approximately 4.8% of outstanding common stock of MGM resorts . MGM resorts international says to acquire 188.1 million ordinary shares of its subsidiary MGM China Holdings Limited from grand paradise Macau . Will acquire an additional 4.95% of outstanding common shares of MGM China and will own about 56% of MGM China's outstanding common shares . Pansy ho has entered into agreement to acquire 4 million shares of MGM Resorts stock at $25/share from Tracinda Corporation .In addition, company has agreed to pay GPM (or its nominee) a deferred cash payment of $50 million.

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