Mergers & Acquisitions

Blackstone, now bidding for ownership of Crown Resorts, has announced a binding agreement to buy eight hotels in Japan from Kintetsu Group Holdings, including one very close to Yumeshima in Osaka, expected to become host to its own major IR.

Star Entertainment has reportedly decided to stay clear of any effort to join a bidding war to gain control of troubled Crown Resorts.

Crown Resorts has confirmed it has received an unsolicited, non-binding, indicative proposal from The Blackstone Group Inc to buy out all of its shares in an A$8 billion deal. 

The Murdoch family’s US media business Fox Corporation has been working with other investors on a potential bid for parts of ASX-listed gaming operator Tabcorp, reports the Sydney Morning Herald.

Australia-based PointsBet Holdings has announced that its wholly-owned Irish subsidiary Lockspell Limited has entered into a binding share purchase agreement to acquire Ireland-based Banach Technology, with its eye on the in-play sports wagering market in the United States.

PhilWeb Corporation has acquired sixteen electronic bingo companies and two accredited electronic bingo machine supplier companies.

Allied Esports Entertainment confirmed that it received an unsolicited proposal from Bally’s Corporation to acquire all of the outstanding equity interests of the company for a total consideration of US$100 million.

MGM Resorts International's biggest shareholder, Barry Diller's IAC/InterActiveCorp, has vowed to help the company in its takeover attempt of Entain, willing to kick in an additional US$1 billion to get the deal done.

BetMakers Technology Group has reported that the board of directors of Sportech PLC has agreed to the proposed sale of racing and digital assets to their company, and is recommending the move to shareholders.

The Foreign Investment Review Board (FIRB) of Australia has decided to raise no objection to HatchAsia, a subsidiary of DFNN, taking a 92 percent interest in the Silver Heritage Group.