Home mergers and acquisitions
mergers and acquisitions
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 Gaming Group said it agreed to buy Australian online slot company Big Time Gaming for EUR450 million ($535 million) in cash and stock.
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.
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 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, 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.
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.
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.
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 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.
12Page 1 of 2