Tag Archives: Barclays

Barclays & JP Morgan place 888 Holdings takeover loan on hold

The syndication of 888 Holdings $650 million leveraged loan for the takeover of bwin.party Entertainment has been put on hold by investment banks Barclays and JP Morgan. The financial institutions are said to be waiting for further clarity on the M&A process, following a new bid of 125.5 pence per share deal (bid sum £1.03 billion) by bid competitor GVC …

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William Hill opens Barclays CEO market with Morzaria favourite to replace sacked Jenkins

Following this week’s sacking of Barclays CEO Antony Jenkins, William Hill have opened its market on the bank’s next leader. The bookmaker has placed Group Finance Director Tushar Morzaria as evens money favourite to be the new leader of the ‘Big 4’ bank. Barclays’ new chairman John McFarlane (nicknamed Mac the Knife) axed Jenkins after three years leading the banking …

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Optimal Payments eyes FTSE 250 entry

Optimal Payments a key transactions/payment processor for the online gambling industry is eyeing entry into the FTSE 250 index. The payments operator is set to move from the London AIM market to the FTSE index, once it has finalised its £800 million reverse takeover of main competitor Skrill. Optimal governance is confident that the payments operator has met all regulatory …

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Camelot installs Barclays Pingit mobile payments

Camelot, operator of The National Lottery, has today announced the launch of the first-ever mobile payment option for The National Lottery, offering players a great ‘quick pay and play’ experience. Paying for National Lottery games using just a smartphone or tablet will be available through Barclays Pingit from next month. With six out of every ten visits to The National Lottery …

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English Premier League to become a ‘Clean Brand’ in 2016-2017

The English Premier League will have no title sponsorship from season 2016/2017. Premier League governance decided to no longer seek for a title sponsor for its competition and present itself as a ‘clean brand. The move reflects the organisation desire to mirror major US pro-leagues’ the NBA, MLB, NHL and NFL. The Premier League confirmed that it would not renew …

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Optimal Payments aims for FTSE 250 with €1.1 billion buyout of Skrill

UK business news sources have reported that London listed payments provider Optimal Payments is preparing a bid to buy competitor Skrill for reported €1.1 billion (estimated £810 million). Optimal Payments, which operates igaming payment services specialist Neteller, is looking to acquire Skrill in order to expand its digital services offering and certify its leading position within the high transaction online …

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Baazov wants to retain Rational’s core values

Amaya CEO David Baazov wants the Rational Group, parent company of PokerStars and Full Tilt Poker, to continue to focus on its ‘core values’ of ‘integrity, customer focus, and challenge’. Amaya has just invested US$4.9bn completing the acquisition of Isle of Man-headquartered Rational Group Ltd. Baazov commented: “We are extremely pleased to have completed this acquisition. Through PokerStars, Full Tilt …

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Amaya to snap up $4.9bn PokerStars

Amaya Gaming Group has agreed a sensational US$4.9bn (£2.9bn)  deal to acquire The Rational Group, operator of the world’s biggest online poker brands PokerStars and Full Tilt Poker. The deal is backed by Blackstone Group LP’s credit division, GSO Capital Partners, which will buy more than $600 million in convertible preferred shares and other securities. Deutsche Bank, Barclays and Macquarie …

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