Tag Archives: NYSE

IGT Plc has announced to markets that it has launched a new tender offer to ‘purchase for cash’ $500m of its outstanding $1.1bn senior secured $ notes due for 2025. Terms of the tender offer have been further applied to the NYSE technology group’s outstanding €uro debt notes of €500m due for 2024.    The tender offer was announced on 2 …

NYSE-listed games machine manufacturer and distributor PlayAGS has disclosed to markets that it has become an M&A target of gaming technology firm Inspired Entertainment Inc, according to a report from Reuters. This weekend, PlayAGS confirmed to US media that Inspired Entertainment had submitted a $10 per share cash offer to acquire the business at a proposed valuation of $370m. Inspired has …

Super Group Inc (SHGC), the parent company of Betway and Spin brands, has praised its diverse geographic make-up as a clear factor in overcoming challenging macroeconomic headwinds bearing down on gambling markets.    Completing its second quarter as an NYSE-listed enterprise, SGHC registered Q2 group revenues of €320m, down 10% on 2021 comparative results of €355m. The slowdown in Q2 headline …

The board of IGT Plc has notified investors that the NYSE gambling technology group has completed its acquisition of iSoftBet in a cash deal worth €160m.  Last April, IGT entered definitive terms to acquire Malta-based, games developer and online casino solutions provider iSoftBet – deemed as an essential transaction to bolster IGT’s interactive unit. Of significance, the acquisition of iSoftBet …

Endeavour Group has secured a re-evaluation of its acquisition of Openbet from Light & Wonder –  a deal that was originally valued at $1.2 billion (€1.05bn).  Yesterday, dealmakers disclosed that a new purchase price for Openbet had been settled by Endeavor and Light & Wonder, which revalued the sportsbook platform provider at $800 million (€760m). The original terms agreed upon …

Dealmakers of Allwyn Group’s agreed SPAC merger with Cohn Robbins Holdings Corp (CRHC) have signalled that lottery conglomerate listing on NYSE will be temporarily delayed.  The transaction that was expected to be finalised during Q2, has been put back due to US stocks plummeting, amid fears of a pending global recession. The Times reports that “the transaction will now not …

Allwyn Group has completed its group rebrand and corporate identity change across all core units of its business.  Closing 2021, the company announced that it would change its corporate and brand identity from SAZKA Entertainment to Allwyn Group. The decision was taken to refresh the firm’s identity that had been born out of its Czech home market enterprise of SAZKA …

Genius Sports has reaffirmed confidence in achieving its full-year 2022 financial objectives, irrespective of ongoing market headwinds and adjustments.   Publishing its Q1 2022 trading update (period ending 31 March), Genius registered corporate revenues of $86 million, up 60% on Q1 2021 comparative results of $54 million and outperforming its ‘expected guidance’ by 10%. Headline growth was attributed to increased demand …

Betway has secured access to the Buenos Aires betting and gaming sector, securing a licence in the city via its partnership with Bingo Pilar. Granted by the Loteria de la Ciudad de Buenos Aires (LOTBA), the licence enables access to the city’s three million consumers – although it does not extend to the province, which exists under a separate licensing …

IGT Plc has underlined the group-wide strategic progress achieved by its corporate transformation programme, as all business units surpass trading expectations.  Posting its full-year 2021 results, the NYSE gambling technology group registered corporate revenues of $4.1 billion, up 31% on corresponding FY2020 results of $3.1 billion. The firm’s Global Lottery unit achieved a 29% increase in revenues to $2.8 billion …