Casinos & Gaming

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Dynam Japan Holdings Co Ltd 's subsidiary enters into share purchase agreement and the assignment agreement with Dynam Holdings Co., Ltd

Thursday, 25 Sep 2014 04:22am EDT

Dynam Japan Holdings Co Ltd:Says Dynam Business Support, Co., Ltd (the purchaser), a subsidiary of the company entered into the share purchase agreement and the assignment agreement with Dynam Holdings Co., Ltd ( the Vendor).Says pursuant to share purchase agreement, the purchaser has agreed to acquire the entire equity interests in XGJ, 30 pct of equity interests in RDT, and 50 pct of equity interests in XGA from the Vendor in consideration for 698,515,636 yen (equivalent to about HK$49,822,798).Says pursuant to assignment agreement the purchaser has agreed to accept assignment of the rights, title and interest in the promissory notes, which includes the loan receivables totalling $600,000 together with the interest thereon, from the Vendor in consideration for 41,521,085 yen.Says upon completion of these acquisitions, the Purchaser will be holding 100 pct , 30 pct and 50 pct of the equity interests, respectively, in XGJ, RDT, and XGA, and the promissory notes.Says completion is expected to take place on Oct. 01.Says the consideration will be paid in a lump sum in cash on or before Oct. 01.

Codere SA reaches agreement with bondholders, to delist once debt restructuring is completed-Reuters

Tuesday, 23 Sep 2014 04:12pm EDT

Codere SA:Spanish gambling company Codere said its founding family would give bondholders a controlling stake in the company in a debt refinancing deal-Reuters.The bingo hall and casino owner has spent months negotiating a refinancing after it was obliged to seek protection from creditors following its failure to meet interest payments on 760 million euros ($977.3 million) and $300 million in bonds.In a statement to the Spanish stock exchange regulator, Codere said it had struck a deal under which current bondholders would take 98 percent of its capital initially and then later sell back as much as 19.58 percent to the founding Martinez Sampedro family.The deal is backed by 80.2 percent of its euro-denominated bondholders, 88.9 percent of its dollar-denominated bondholders and the family, Codere said.The complex deal also envisages additional bond issues of 675 million euros in exchange for 475 million euros of existing bonds and a capital raising of 200 million euros.Once the debt restructuring process is over, the company will be delisted, Codere said.The deal will take nine to 11 months to implement and will have to be approved by a British court under a "scheme of arrangement" that imposes refinancing on all creditors, the company said.


Monday, 22 Sep 2014 04:00am EDT

KITAGAWA INDUSTRIES CO LTD:To transfer Aichi-based real estate (6,495 square meters of land and 6,233 square meters of building) to DAIKOKU DENKI CO LTD in late October.

Trans World Corporation announces acquisition of Four-Star Hotel near Frankfurt, Germany

Monday, 15 Sep 2014 01:22pm EDT

Trans World Corporation:Says on Sept. 11, it acquired Hotel Columbus, a modern, four-star 117-room business hotel property, located in the suburb of Seligenstadt, Germany.

32Red Plc announces acquisition

Tuesday, 9 Sep 2014 05:01am EDT

32Red Plc:Says it has acquired UK customer database of Go Wild casino from Go Wild Malta Ltd.Go Wild ' s UK customers will be migrated to the 32Red platform on or before Sept. 15.

Caribbean International Holdings Inc announces change in Control; announces appointment of new CEO

Thursday, 4 Sep 2014 08:24pm EDT

Caribbean International Holdings Inc:Says that on Aug. 27, 2014, a private investment group, J3 Financial, has acquired a controlling interest in the company.Says former CEO and former controlling shareholder, Steven Swank has resigned as of that same date.Says effective as of Aug. 28, 2014, the company has appointed Mark Farber as the new CEO.

Greek Organisation Of Football Prognostics SA subsidiary to acquire Payzone Hellas S.A.

Thursday, 28 Aug 2014 03:57am EDT

Greek Organisation Of Football Prognostics SA:Announces that, its Cyprus based, 100 pct owned subsidiary, OPAP Investment Ltd, signed with Payzone Group Ltd and Coltonia Holdings Ltd a preliminary agreement for the acquisition of 90 pct of Payzone Hellas S.A for a total amount of 7.75 million euros.

VGTel Inc announces VGTel-360 Entertainment & Productions acquires 4K rights to 'Dinosaurs

Wednesday, 27 Aug 2014 07:44pm EDT

VGTel Inc:Says VGTel Inc-360 Entertainment & Productions acquires 4K rights to 'Dinosaurs.Says giants of Patagonia have been acquired by VGTel-360 Entertainment & Productions as it prepares for worldwide fall launch of UltraHD channels.

Gold and Gemstone Mining completed acquisition of Gringo Viejo Project

Tuesday, 19 Aug 2014 11:49am EDT

Gold and Gemstone Mining Inc:Completed the acquisition of a 100 pct interest in the Gringo Viejo Project, the project comprises 3,202 hectares, covering a past-producing district dating back to 1982.

Crown Resorts Ltd moves to 100 pct. ownership of Betfair Australasia

Tuesday, 12 Aug 2014 09:00pm EDT

Crown Resorts Ltd:Says that it has acquired Betfair Group plc's 50 pct. equity interest in Betfair Australasia Pty Limited for consideration of $10 million.Says Betfair Australasia was formed in 2004 as a 50/50 joint venture between Crown and Betfair Group plc.Says as a result of the transaction announced, Crown now owns 100 pct. of Betfair Australasia.Says Betfair Group plc will continue to provide technology and support services to Betfair Australasia.


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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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