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mergers and acquisitions
Blackstone sees probity nod for Crown by Q3
U.S. private equity firm Blackstone has provided more details on its bid for Australian operator Crown Resorts, saying it expects to clear the country’s notoriously tough probity checks by the third quarter of this year.
Evolution to buy Australia’s Big Time for EUR450m
Evolution Gaming Group said it agreed to buy Australian online slot company Big Time Gaming for EUR450 million ($535 million) in cash and stock.
Macau’s U.S. operators still credit solid despite Covid
Moody’s Investors Service has completed a periodic review of Macau’s three U.S. operators, commenting that liquidity is relatively good and their long-term prospects are credit solid despite the hit from Covid.
Packer hires adviser on Crown sale
Australian billionaire James Packer has made a small but potentially significant move in the takeover play for Crown Resorts saying he is open to offers for his 37 percent stake in the operator.
Tabcorp halts CEO search, announces strategic review
Tabcorp says it’s taking time to carry out a strategic review of its businesses to extract more value for shareholders after receiving unsolicited bids for its wagering and media business, which it says were too low.
Greentube buys Eurocoin Interactive ahead of Dutch opening
Greentube, the NOVOMATIC Interactive division, has strengthened its product portfolio ahead of its entry into the approaching regulated Dutch market with the acquisition of Eurocoin Interactive.
LVS to sell properties for US$6.25 billion, reiterates Asia focus
Las Vegas Sands has sold its properties in Las Vegas, including The Venetian and the Sands Expo and Convention Centre for US$6.25 billion to the Apollo Global Management and VICI Properties.
Will Covid-19 lead to industry M&A?
As the world begins to recover from the Covid-19 pandemic and economies start to reopen, there may be room for a reshaping of the global casino industry through mergers and acquisitions and reshuffling of shuttered assets.
MGM Growth bullish on Vegas
While Las Vegas Sands appears prepared to turn its back on the city that bears its name in favour of its Asian resorts, MGM Growth Properties says it still sees significant value in the Strip.
MGM Growth expresses interest in Sands properties
MGM Growth Properties says it would be willing to buy a Las Vegas Strip casino, such as the Venetian, if the company can find the right partners to operate it. Las Vegas Sands last month confirmed it is seeking buyers for its U.S. properties.
Life After POGOs – AGB Pop-Up Forum
The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
Acquiring & Retaining iGaming Customers
In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Asia Gaming Briefings – April 2021 Edition
In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Asia Gaming Briefings – Feb 2021 Edition
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Asia Gaming Briefings – Dec 2020 Edition
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.