Day: 5 January 2018

Mirae Asset Daewoo Co. Ltd revealed that it has acquired a mezzanine debt amounting to $95 million on Las Vegas’ Cosmopolitan, which is currently owned by the Blackstone Group. The move of the South Korea’s leading mutual fund house’s brokerage unit comes at a time when the private equity firm was aimed at accumulating a new refinancing package on the hotel and casino resort. In its regulatory filing from January 4th, the company revealed that it will separately raise fresh capital amounting to KRW 700 billion that would be used…

The joint venture company GBI Racing that provides betting shop operators around the globe with high-quality UK and Irish racing, is to now look for new opportunities following the horse racing betting ban which the Israeli government recently imposed. A compensation amounting to £4.9 million is to be paid by the Israeli government to the company, which has been responsible for the coverage distribution of British and Irish racing to foreign betting operators. The contract between the Israel Sports Betting Board and GBI Racing, which operates as a joint venture…