Category: Mergers-Acquisitions
$2.7B Kindred Group Takeover by French Lottery Giant FDJ Approved — With Caveat
French antitrust regulators have approved the proposed $2.7 billion acquisition of Stockholm-listed online gambling giant the Kindred Group by Française des Jeux (FDJ), France’s lottery monopoly. FDJ will likely acquire Kindred to create a “European gaming champion” but it must keep its monopoly business completely separate from the new brands. (Image: FDJ) However, regulator l’Autorité…
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Standard General Bally’s Acquisition Unlikely to Face Antitrust Threats
Standard General’s proposed $18.25 per share takeover of Bally’s (NYSE: BALY) appears unlikely to face antitrust scrutiny from federal regulators because the related waiting period on that matter is set to expire at midnight Monday. Standard General founder Soo Kim. The hedge fund won’t face federal regulatory scrutiny related to its planned acquisition of Bally’s.…
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Flutter Deal for Playtech Consumer Biz Reportedly Imminent
Flutter Entertainment (NYSE: FLUT) could reportedly reach a $2.62 billion deal to acquire Playtech’s (LSE: PTEC) Snaitech unit as soon as this week. The Flutter logo at a corporate office. The company is reportedly close to acquiring Playtech’s consumer business for $2.6 billion. (Image: The Independent) Shares of the prospective seller posted a double-digit gain…
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Flutter Pays $350M for Majority Stake in Brazil’s NSX Group
Flutter Entertainment (NYSE: FLUT) said it acquired a 56% stake in Brazil’s NSX Group for $350 million in cash to bolster its footprint in that country. The Brazilian flag. Flutter is paying $350 million for 56% of NSX to expand in that country. (Image: iStock) NSX operates the Betnacional brand. Including Betnacional, NSX is the…
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Fox Proceeding with Plans to Take FanDuel Stake at $2.2B Discount
Fox Corp. (NASDAQ: FOX) could be preparing to take an 18.6% stake in Flutter Entertainment’s (NYSE: FLUT) FanDuel, and the media giant could do so at a significant discount to the sportsbook operator’s market value. Fox Corp. CEO Lachlan Murdoch says the company is preparing to take an 18.6% stake in FanDuel. (Image: CNN) At…
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Wynn Rumors, Including Steve, Hover Around Celtics Sale
The defending NBA champion Boston Celtics are for sale and purported bidders could include Wynn Resorts (NASDAQ: WYNN) and Steve Wynn, the founder of the gaming company. Boston Celtics star Jayson Tatum celebrates a play. There’s unfounded speculation that Wynn Resorts or Steve Wynn could be interested in buying the team. (Image: Getty) On a…
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Kambi Refutes Rumor of Potential Takeover by Genius Sports
Kambi Group Plc (OTC: KMBIF), a provider of technology services to sportsbook operators, denied that it’s engaged in takeover discussions with Genius Sports (NYSE: GENI). A Kambi booth at an industry convention. The company denied it’s in takeover talks with Genius Sports. (Image: Kambi) Speculation recently surfaced that Genius, a data provider to sportsbooks, was…
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Full House Resorts Sells Fallon, Nev. Casino for $9.2 Million
Full House Resorts (NASDAQ: FLL) said Tuesday it’s selling Stockman’s Casino in Fallon, Nev. to Clarity Game LLC for $9.2 million. Stockman’s Casino in Fallon, Nev. Full House Resorts is selling the venue for $9.2 million. (Image: Stockman’s Casino) The deal includes the land, building, and select other operating assets. It’s a two-pronged deal in…
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VEGAS MYTHS BUSTED: Disney Buying Excalibur from MGM
At Disney theme parks, the Excalibur is a sword that visitors can attempt to pull out of a stone. On social media, the Excalibur’s purchase by Disney is a fantasy that has been pulled out of someone’s ass. No matter how hard you wish upon a star, this dream will never come true. (Image: TikTok/las_vegas-vibes)…
Read MoreDeutsche Bank Running $4.3B Funding Deal for Apollo Everi/IGT Buy
German banking giant Deutsche Bank AG is said to be running a $4.325 billion bond/loan deal that will, in part, help finance Apollo Global Management’s (NYSE: APO) recently announced acquisition of Everi (NYSE: EVRI) and International Game Technology’s (NYSE: IGT) global gaming and PlayDigital units. A slide from an Everi Holdings investor presentation. Deutsche Bank…
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