Tag Archives: JP Morgan

US thinking Playtech appoints Massion & Krumins as corporate advisers

The governance of FTSE gambling technology group Playtech Plc has moved to expand its corporate advisory, confirming the appointments of Anna Massion and John Krumins as new Independent Non-Executive Directors – with immediate effect. Updating investors, Playtech details that the Massion and Krumins appointments will diversify the FTSE firm’s corporate governance capacities and make-up. A seasoned executive in corporate finance …

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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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Tipico owners eye potential € billion sale

The Wall Street Journal (WSJ.com) has reported that the private owners of German focused sports betting operator Tipico Ltd are preparing to sell the company The Malta operated online betting firm, whose key target markets are Germany and Austria is reported to have appointed JP Morgan and Rothschild as deal advisers, who will begin to sound out options. The news source further …

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The Times – GVC set to increase takeover bid for bwin.party

UK newspaper The Times has reported that London AIM listed operator GVC Holdings is considering an increase to 130p per share for its takeover bid of bwin.party Entertainment. The reported bid increase, would represent GVC’s third attempt at luring bwin.party away from bid leader 888 Holdings, who have offered a takeover deal valued at £908 million. On 7 August, reacting …

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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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GTECH secures $2.6 billion financing agreement to finalise IGT acquisition

Lottery and gambling technology provider GTECH SpA has announced that it has entered a $2.6 billion five year senior facilities agreement with a syndicate of twenty banks in order to finalise its acquisition of International Game Technology (IGT). The financing agreement will provide GTECH SpA with a $1.4 billion multi-currency credit facility.  The corporation have also been granted a further …

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