Pacific Consortium the special vehicle of London private equity firm Macquarie Group and New York hedge fund Kohlberg Kravis Roberts (KKR) will no longer pursue its AUS $7.3 billion (£4.5 billion) acquisition of Australian gambling operator Tatts Group. The deal withdrawal follows Tatts’ board decision not to review Pacific’s latest takeover bid of $4.21-per-share combined with an investor ‘dividends add-on’ which the investment firm …
Read More »
New York private equity firm, Hydra Industries (Hydra) has confirmed that it has been granted an ‘extension of the date’ by which it must complete its proposed £200 million acquisition of industry virtual games supplier Inspired Gaming Group (Inspired). The private equity firm has been granted until the 29 December to formally process its acquisition offer. Updating deal stakeholders, Hydra Chairman …
Read More »
Issuing a corporate update, Toronto listed Amaya Inc has announced that it will refinance certain terms of its debt incurred in last year’s acquisition of Rational Group (PokerStars and Full Tilt Poker brands). Updating the market Amaya expects to repay approximately $575 million (£370 million) of its outstanding $800 million second lien term loan. Amaya is set to carry out …
Read More »
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 …
Read More »
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 …
Read More »
SBC News Voice of the Sports Betting Industry