July 22, 2016
Bloomberg Technology has reported that a Chinese consortium led by tech billionaire Shi Yuzhu (Founder of Giant Interactive Group) is in talks to acquire Caesars Interactive from Caesars Entertainment Corp (CEC). The Yuzhu-led group has entered negotiations with CEC governance following an auction process with CEC targeting a $4 billion valuation for its asset. Undisclosed deal insiders have stated that …
Read More »May 17, 2016
US business news sources have reported that embattled Caesars Entertainment Corp (CEC) are considering the potential sale of its ‘Caesars Interactive Entertainment’ (CIE) division. Investment bank Raine Group LLC have been appointed to lead the bid processes, with CEC governance targeting a reported $4 billion for its asset. Led by former Party Gaming PLC CEO Mitch Garber, CIE has become …
Read More »September 2, 2014
Boston based fantasy sports trading start-up DraftKings has raised $41 Million (£25 million) in its latest venture funding round. The start-up announced on Monday that it had reached its funding targets, as it aims to extend its product range and marketing coverage in the coming months. Merchant Bank Raine Group specialists in media and technology funding, contributed the majority of …
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