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Stars Group buys outstanding stake in BetEasy

Canada-based The Stars Group said it agreed to buy out minority shareholders in BetEasy, its Australian sports betting unit for AS$151 million ($103.2 million).

Studio City shareholder files for bankruptcy

One of the key shareholders in the joint venture that runs Macau’s Studio City has filed for bankruptcy, although the move is unlikely to prompt majority investor, Melco Resorts & Entertainment, to launch a buyout of minorities, analysts at Bernstein Research said.

Angel buyout of GPI to be completed at beginning of May

US-listed Gaming Partners International (GPI) has revealed that its buyout by Angel Holdings will be completed on May 1, 2019, much earlier than previously...

Flying the kite?

Melco Resorts and Entertainment’s decision to file for an initial public offering for its Studio City joint venture took analysts by surprise, with many speculating the proposed listing is being used to fish for a valuation for the resort. Melco owns the Hollywood-themed IR through a partnership with New Cotai Holdings. Analysts have long expected Melco to buy out its partner’s 40 percent stake to gain full ownership, giving it access to the full revenue stream and the potential for operational synergies. However, in August, it filed for an IPO in the U.S.

Ten years on, Melco Crown faces uncertain future

Almost a decade on from Melco Crown Entertainment’s 2006 IPO, there are signs that the joint venture between two of the world’s largest casino operators is not meeting its sky-high expectations.

Packer continues Crown privatization discussions

  James Packer has reportedly held a fresh round of talks with potential partners over the last few weeks regarding the privatization of Crown Resorts,...

Melco Crown considers buying out hedge fund partners in Studio City

Melco Crown says it expects to buy out minority hedge fund partners in its Studio City complex, but is mindful of the reaction of...
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