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Casinos & Gaming

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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.

Rank Group,888 confirm making a revised offer for William Hill

Monday, 15 Aug 2016 04:29am EDT

Rank Group Plc : Confirm that on 14 August 2016 they submitted an improved non-binding proposal to board of William Hill regarding a possible combination of 888, Rank and William Hill . 888 and Rank believe that there is potential to identify additional upside in both quantum and timing of cost synergies, plus substantial cost synergies, through constructive engagement . Total capitalised value of cost synergies to William Hill shareholders based on terms of improved proposal would be 52 pence per William Hill share . Value of improved proposal of 394 pence for each William Hill share does not take into consideration capitalised value of cost synergies to William Hill shareholders of 52 pence per william hill share .888 and Rank would welcome opportunity to engage with board of William Hill with goal of consummating a recommended transaction..

Olympic Entertainment completes EUR 48 mln sale of unit

Wednesday, 10 Aug 2016 09:05am EDT

Olympic Entertainment Group AS : Completes sales transaction of subsidiary that owns Hilton hotel complex building in Estonia .Transaction price is 48 million euros ($53.70 million).

Rank Group and 888 said to have submitted offer for William Hill valuing it at 364P apiece- FT

Tuesday, 9 Aug 2016 06:00am EDT

: Rank Group and 888 consortium is said to have submitted a formal offer for William Hill that values the shares at 364P apiece- FT, citing sources Source (http://on.ft.com/2bg5cLn) ((Bangalore.newsroom@thomsonreuters.com;)).

China Vanguard Group enters cooperation agreement with Liaoning Sports Lottery Issuance Centre<8156.HK>

Tuesday, 9 Aug 2016 04:51am EDT

China Vanguard Group Ltd <8156.HK>: Voluntary announcement - cooperation agreement with Liaoning Sports Lottery Issuance Centre <8156.HK> . The company, through unit entered into a cooperation agreement with Liaoning Sports Lottery Issuance Centre . Deal with Liaoning Sports Lottery Issuance Centre for the provision of innovative marketing technology services . Group shall provide its proprietary bluetooth low energy enabled interactive in-store marketing technology solution, Yao Cai .

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