Tag Archives: Deutsche Bank

888 joins bwin.party acquisition race

SBC News 888 joins bwin.party acquisition race

UK business news sources have reported that 888 Holdings are preparing a £1 billion takeover of igaming and sports betting operator bwin.party. The news, follows last Friday’s media conformation by rival operator GVC Holdings of its acquisition interest in purchasing bwin.party entertainment in its entirety. The 888 bid would likely be treated as a reverse takeover as bwin.party has a …

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CIRSA secures new €500 million bond

SBC News CIRSA secures new €500 million bond

Spanish gambling operator Grupo CIRSA has completed a bond issue worth €500 million over an extended eight year period (2023). CIRSA governance confirmed that its new bond issue and restructure was led by Deutsche Bank, who have raised the bond capital from European and American investment funds. With CIRSA gaining approval on its new bond issuance, the company will cancel …

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Optimal Payments aims for FTSE 250 with €1.1 billion buyout of Skrill

SBC News Optimal Payments aims for FTSE 250 with €1.1 billion buyout of Skrill

UK business news sources have reported that London listed payments provider Optimal Payments is preparing a bid to buy competitor Skrill for reported €1.1 billion (estimated £810 million). Optimal Payments, which operates igaming payment services specialist Neteller, is looking to acquire Skrill in order to expand its digital services offering and certify its leading position within the high transaction online …

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BlackRock snaps up 4.7% stake in Ladbrokes

SBC News BlackRock snaps up 4.7% stake in Ladbrokes

Investment management firm BlackRock has snapped up a 4.7% stake in Ladbrokes Plc, ahead of tomorrow’s full 2014 financial presentation. The financial firm took advantage of Ladbrokes’ share price dip at the start of the week to acquire its stake in the company. The news of BlackRock’s investment in Ladbrokes has surprised London business analysts as yesterday investment bank Deutsche …

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Baazov wants to retain Rational’s core values

SBC News Baazov wants to retain Rational's core values

Amaya CEO David Baazov wants the Rational Group, parent company of PokerStars and Full Tilt Poker, to continue to focus on its ‘core values’ of ‘integrity, customer focus, and challenge’. Amaya has just invested US$4.9bn completing the acquisition of Isle of Man-headquartered Rational Group Ltd. Baazov commented: “We are extremely pleased to have completed this acquisition. Through PokerStars, Full Tilt …

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Sisal Group halts Italian IPO

SBC News Sisal Group halts Italian IPO

Italian gambling and lottery operator, Sisal Group has pulled out of its planned initial public offering, citing adverse market conditions in Italy and abroad. Sisal senior management issued a statement late on Friday, stating that after careful monitoring of market conditions, it had been advised by IPO partners Deutsche Bank and UBS Ltd, to abandon its plans floating on the …

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Amaya to snap up $4.9bn PokerStars

SBC News Amaya to snap up $4.9bn PokerStars

Amaya Gaming Group has agreed a sensational US$4.9bn (£2.9bn)  deal to acquire The Rational Group, operator of the world’s biggest online poker brands PokerStars and Full Tilt Poker. The deal is backed by Blackstone Group LP’s credit division, GSO Capital Partners, which will buy more than $600 million in convertible preferred shares and other securities. Deutsche Bank, Barclays and Macquarie …

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