Tag Archives: Apollo Global Management

Blackstone confirms acquisition of Grupo Cirsa

US multinational private equity firm Blackstone Group has expanded its industry portfolio acquiring Spanish gambling operator Grupo Cirsa and its related assets. Deal stakeholders have chosen not to disclose financial terms, however Cirsa advisors have previously stated that the firm’s sale would target a €2 billion valuation. The Spanish operator’s outright sale has been mooted for a long time by …

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Moving Forward…Caesars finally closes CEOC Chapter 11 proceedings

Caesars Entertainment Corporation (CEC) has been granted judicial clearance to restructure the $18 billion debt attached to bankrupt subsidiary Caesars Entertainment Operating Co (CEOC), allowing the company to close its US Chapter 11 court filing. Gaining approval from Chicago District Judge Benjamin Goldgar, CEC governance will now settle terms and payment structures with CEOC creditors who at the start of …

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Caesars appeases creditors with new COEC restructuring plan

Updating the market on Tuesday, Caesars Entertainment Corp (CEC) governance declared that it had reached a $5 billion settlement with the majority of creditors owed by its bankrupt operating unit Caesars Entertainment Operating Co (COEC). Following nearly two years of litigation disputes, the COEC $18 billion bankruptcy restructure clears its biggest hurdle with private equity backers Apollo Global Management and TPG …

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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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IPO Candidate Gala Coral concerned about further UK regulatory blocks

Despite recording a strong start to its H1 2015 corporate performance, Gala Coral governance has warned of further potential regulatory uncertainty for the gambling industry. At the start of 2015 Gala Coral governance had stated that the operator would investigate a potential IPO, following the conclusion of the 2015 UK General Election. However the operator has noted potential regulatory blocks …

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NYX Gaming takes Chartwell and Cryptologic businesses for £80m

NYX Gaming Group has snapped up the Chartwell Technology and Cryptologic businesses from Amaya via a share purchase agreement valued at CA$150,000,000 (£80.8m). The transaction is anticipated to close before the end of the third quarter of 2015 and is subject to financing and other customary closing conditions. Amaya said that the sale is consistent with its previously announced plan …

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Amaya agrees sale of Cadillac Jack to AGS for CAD $476 million

Toronto listed Amaya Gaming Plc has confirmed that it has entered a definitive agreement for the sale of slot manufacturer Cadillac Jack  to AGS an affiliate of fund management firm Apollo Global Management LLC. Amaya Gaming has agreed to sell its subsidiary slots manufacturer for a reported CAD $476 million (+ £265 million), as the company chooses to focus its …

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