Tag Archives: morgan stanley

Sportradar aims to raise $504m with IPO

Sportradar has confirmed its Initial Public Offering (IPO), with the aim of raising $504 million through floating of shares in addition to a further $159 million via concurrent private placements. The Swiss-based sports data and technology company will offer 19 million shares at a price range of $25 to $28, with the concurrent private placements taking place with Eldridge, entities …

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Henrik Tjärnström: ‘No sleep till Kindred hits 0% harm’ 

Kindred Group’s pledge to incorporate ‘transparent safer gambling metrics’ as part of its financial reporting duty has been deemed a ‘leadership milestone’ by company chief executive Henrik Tjärnström. This week, Kindred became the first listed operator to publicly disclose information on its share of corporate revenues generated from ‘high-risk customers’, alongside further data tracking its group-wide safer gambling efficiencies. Tjärnström …

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Hot pursuit is on for Tabcorp shake-up

The board of Tabcorp Holdings is reportedly reviewing a number of individual offers and options from companies looking to acquire its TAB wagering and media units. Grabbing yesterday’s business headlines, FTSE100 Entain Plc revealed its interest to acquire TAB units and merge the heritage betting brand with its active Australian market portfolio.  Despite its public announcement, Entain chose not to …

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John Williamson to oversee UK Tote Group’s international growth

TrueLayer

The UK Tote Group has confirmed the appointment of John Williamson, a director with extensive experience in Asia, as its Non-Executive Chairman from 1 September 2020. Williamson’s appointment is expected to bring “significant international business and financial expertise to the organisation”, and provide timely support for its ambitious growth plans just 10 months after its acquisition of the Tote, the …

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Frissora leadership departure sees ‘Caesars in play’

The confirmed departure of Mark Frissora as President & Chief Executive of Caesars Entertainment has triggered fresh rumours regarding the future of the legacy US casino operator. This morning, the New York Post reported that the governance of MGM Resorts had hired Morgan Stanley and law firm Weil, Gotshal & Manges to act as corporate advisors, examining a potential $20 billion …

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The Stars Group triggers new public share offering to close Sky Bet acquisition

Issuing a corporate update, Toronto TSX-listed The Stars Group Inc, has today disclosed its supplementary prospectus related to its proposed new public share offering. Updating the market, the Stars Group’s treasury will move to implement a 15 million common share placement, which will be additionally supported by secondary 6 million share disposal undertaken by existing corporate shareholders. Stars Group governance …

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Czech Sazka Group eyes London IPO

Updating the market, Czech-based lottery firm Sazka Group has detailed that it may move for a London listing, in order to expand its European market growth ambitions. The lottery group, owned by Czech investment firms’ KKCG Group and EMMA Capital has appointed investment banks Citigroup, Morgan Cazenove and Morgan Stanley as lead coordinators, but states that it has yet to make …

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Scott Longley – City eyes ‘machine mitigation’ for Ladbrokes Coral

Awaiting the outcome of the UK government’s triennial review on maximum stakes on gaming machines, analysts at Morgan Stanley see light at the end of the tunnel for Ladbrokes Coral __________________________________  To accompany the incendiary comments from Paddy Power Betfair on fixed odds betting terminals (FOBTs) in a letter to the government’s triennial review last week, the company gave a …

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NYX Gaming & William Hill prepare joint £300 million bid for OpenBet

UK newspaper The Daily Telegraph has reported this weekend that William Hill will team up with Canadian TSX listed igaming technology supplier NYX Gaming, as it prepares a £300 million bid for leading betting technology provider OpenBet. The newspaper reports that William Hill governance will financially assist NYX Gaming’s bid for independently owned OpenBet. NYX Gaming who floated on the …

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