Day: 12 April 2018

Playtech Consolidates Italian Presence by €846-Million Snaitech Acquisition

Thu 12 Apr 2018 15.04 Olivia Cole
Playtech Consolidates Italian Presence by €846-Million Snaitech Acquisition

Today, Playtech revealed that it has reached an agreement with Snaitech, under which the British gambling technology company is to acquire an approximately 70.6% stake in the Italian betting and gaming operator. The prize of the deal is estimated to €846 million. The acquisition is to be funded by the existing cash of Playtech, as well as by a new debt. After the initial acquisition is finalised, the UK-headquartered gambling tech firm is to be required to place a mandatory takeover bid for the remaining stake in Snaitech. Of course,…

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Genting Group to Take Part in Casino License Bidding Process in Japan

Thu 12 Apr 2018 10.03 Daniel Williams
Genting Group to Take Part in Casino License Bidding Process in Japan

The integrated casino resorts legislation still remains as one of the paramount priorities in the agenda of Japanese legislators, with foreign investors keeping a close eye on the possible opportunities that local land-based casino industry could offer. Genting Bhd, a Malaysian casino investor group, has revealed that it feels positive that the country’s Integrated Resorts Implementation Bill is to be presented to Japan’s Parliament within the 2018 parliamentary calendar. In addition, the Group revealed that it is preparing for taking part in a possible bidding process for gambling operation licenses…

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