Tag Archives: Toronto

‘World Class Supplier’ strategic M&A rockets NYX revenue & earnings

The acquisition of industry sports betting platform and technology provider OpenBet has boosted Toronto-listed NYX Gaming Group (NYX) Q3 2016 corporate revenues to CAD $54.4 million representing a 309% increase on its corresponding 2015 performance. Closing its Q3 2016 performance (period ending 30 September), NYX governance stated that the company had reached its corporate goal of creating a ‘world class …

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Currency strains impact Intertain Q3 2016 performance

Impacted negatively by the depreciation of pound sterling against the Canadian dollar, Toronto TSX-listed Intertain Group (Intertain) has recorded a 7% drop in corporate revenues to CAD $113 million for its Q3 2016 performance (period ending 30 September). The operator who is preparing to float on the London Stock Exchange under its core brand ‘Jackpotjoy Plc’ would close its Q3 …

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Baazov pens CAD $3.5 billion offer for Amaya assets

David Baazov the former Chief Executive Officer of Amaya Inc, has penned a reported CAD $3.5 billion (US $2.56 billion) offer to acquire the Toronto TSX-listed operator outright. Baazov who is currently facing charges of insider trading by Quebec’s securities regulator Autorité des Marchés Financiers (AMF) makes his formal approach to purchase Amaya assets outright. The former Amaya CEO who …

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No Go…William Hill & Amaya end merger talks

The £5 billion merger between FTSE-listed William Hill Plc and Toronto TSX Amaya Inc has been abandoned. This morning both William Hill and Amaya governances’ updated investors declaring that the companies had withdrawn from merger talks. Issuing a corporate statement, William Hill detailed that it received ‘canvassing views from a number of major shareholders’. Last week London hedge fund Parvus, …

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William Hill & Amaya merger valued at £4.5-5 billion

UK business news sources have valued the potential merger of FTSE-listed William Hill Plc and Toronto TSX operator Amaya Inc at a combined value of £4.5-5 billion. On late Friday, William Hill and Amaya governances declared that they had entered initial talks discussing plans for an ‘all stock merger of equals’. The governances’ further detailed that the potential merger was …

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NYX bolsters leadership team with Walbridge & Matejevich appointments

Toronto TSX-listed online gambling technology provider NYX Gaming Group (NYX) has announced two new leadership appointments. Joining its leadership team, NYX confirms the appointment of Jason Walbridge as Chief Operating Officer (COO) and Eric Matejevich as its new Chief Financial Officer (CFO). Both appoints have been confirmed as effective immediately. Walbridge joins NYX from industry gaming machine manufacturer Aristocrat Gaming, …

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Caesars Entertainment keen on Toronto casino complex

Canadian business news sources have reported that Caesars Entertainment Corporation (CEC) is one of the bidding firms seeking to win the building rights for a casino complex in Toronto. CEC’s bid for a Toronto gaming complex, comes despite the company being embroiled in ongoing creditor disputes relating to subsidiary Caesars Entertainment Operating Company (CEOC) $18 billion debt. Nevertheless, CEC shareholders …

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David Baazov officially resigns as Chief Executive of Amaya Inc

Toronto-listed Amaya Inc has confirmed Rafi Ashkenazi’s appointment as chief executive on a permanent basis after former boss David Baazov cut his official ties with the company. Amaya confirmed Baazov had resigned from ‘all positions’ within the company effective 11 August. He had been on temporary leave since March. Issuing a short statement Baazov commented: “I am proud of my contributions in building Amaya into the successful company it is today, and …

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Intertain narrows losses to CAD $27.5 million as company seeks London listing

Presenting its Q2 2016 results (period ending 30 June), Toronto TSX-listed igaming operator Intertain Group (Intertain) has reported revenue growth throughout all its core brands’ Jackpotjoy, Vera&John and Mandalay. The igaming operator closes its Q2 2016, recording total group revenues of CAD $118 million (£70 million) up 22% on corresponding Q2 2015 CAD $97 million. Intertain revenue growth would transmit …

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Intertain Group pushes for London Stock Exchange listing

Updating the market, Intertain Group governance has informed investors that it plans to list on the London Stock Exchange with a view to ‘enhance shareholder value’ by placing its operations closer to its core markets of the UK and Europe.   At present Intertain Group operator of European igaming brands; Jackpotjoy, Vera&John, Costa Bingo and InterCasino is listed on the …

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