Tag Archives: Deutsche Bank

Sisal files for Milan Borsa IPO seven years after first attempt

Sisal SPA, the operating company of Italy’s SuperEnalotto lottery and Matchpoint betting shops, has filed for an Initial Public Offering (IPO) to list its business on the Milan Borsa Exchange.  Reuters reports that the CVC Capital owned gambling group has agreed to sell its shares to an unnamed private equity firm.   Although most of the firm’s revenues come from its …

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888 wins transformative buyout of William Hill heritage assets

888 Holdings is reportedly the winning party of the hotly contested auction for William Hill’s combined UK and European business assets – put up for sale by Caesars Entertainment.  As reported by The Times, Caesars has accepted a +£2 billion buyout offer put forward by 888, out-bidding US private equity fund Apollo Global as the auction’s last remaining suitor.    Coordinated …

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William Hill matches finance sector screening capacity with Accuity 

William Hill Plc has strengthened all components related to compliance and customer KYC operations by forming a comprehensive agreement with digital control risk solutions provider Accuity. Facing changing compliance and regulatory demands across all core markets, the FTSE betting group has appointed Accuity to ‘transform its customer screening approach with AI techniques’. The partnership sees William Hill install Accuity’s proprietary …

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The Stars Group triggers new public share offering to close Sky Bet acquisition

Issuing a corporate update, Toronto TSX-listed The Stars Group Inc, has today disclosed its supplementary prospectus related to its proposed new public share offering. Updating the market, the Stars Group’s treasury will move to implement a 15 million common share placement, which will be additionally supported by secondary 6 million share disposal undertaken by existing corporate shareholders. Stars Group governance …

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Cash strapped Deutsche Bank eyes $440 million sale of Red Rock Resorts

The Financial Times has reported that embattled European bank Deutsche Bank is preparing to cash-in on its 17% stake in Nevada casino operator Red Rock Resorts (formerly known as Station Casinos). Deutsche governance are reported to be seeking a $440 million sale price for its stake in Red Rock a company it invested in 2011 as the operator looked to …

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UK FCA approves Optimal Payments takeover of Skrill

Following a review of its $1.2 billion (£815 million) takeover of online payment provider Skrill Group, the UK Financial Conduct Authority (FCA) has approved Optimal Payments PLC (LSE) acquisition bid. Informing the market Optimal Payments governance stated that it would proceed with its full integration of Skrill Group operations, with a view to complete its takeover by 10 August. Issuing a …

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Deutsche Bank Las Vegas casino investment challenged over LIBOR charges

Deutsche Bank AB’s 25% stake in Station Casinos a Las Vegas gambling operator, has been asked to be reviewed by Nevada’s gambling authorities, following the bank’s involvement in the London Interbank Offered Rate (LIBOR) scandal. The review has been put forward by Las Vegas labour unions’ Culinary Workers Union Local 226 and Bartenders Union Local 165, who have questioned the …

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Amaya Completes Sale of Cadillac Jack to AGS for $476 million

Amaya Inc  today confirmed  the completion of its $476 million sale of Cadillac Jack, Inc to AGS LLC an affiliate of funds managed by Apollo Global Management, LLC Pursuant to the previously announced Stock Purchase Agreement, AGS has purchased all of the shares of Amaya Americas for an aggregate purchase price of approximately $476 million1, comprising cash consideration of approximately $461 million …

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888 joins bwin.party acquisition race

UK business news sources have reported that 888 Holdings are preparing a £1 billion takeover of igaming and sports betting operator bwin.party. The news, follows last Friday’s media conformation by rival operator GVC Holdings of its acquisition interest in purchasing bwin.party entertainment in its entirety. The 888 bid would likely be treated as a reverse takeover as bwin.party has a …

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CIRSA secures new €500 million bond

Spanish gambling operator Grupo CIRSA has completed a bond issue worth €500 million over an extended eight year period (2023). CIRSA governance confirmed that its new bond issue and restructure was led by Deutsche Bank, who have raised the bond capital from European and American investment funds. With CIRSA gaining approval on its new bond issuance, the company will cancel …

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