Derek Stevens closes on $19m acquisition of Golden Gate land
The Circa Resort & Casino CEO acquired a 50% stake in Golden Gate Hotel & Casino nearly 20 years ago, prior to taking over full ownership of the Downtown Las Vegas property in 2015.
The Circa Resort & Casino CEO acquired a 50% stake in Golden Gate Hotel & Casino nearly 20 years ago, prior to taking over full ownership of the Downtown Las Vegas property in 2015.
Move marks strategic realignment as group refocuses on Philippine operations.
The offer for an additional 2.9% stake in the company gives shareholders an alternative to Novomatic's existing takeover bid.
The operator also went on to announce the launch of DraftKings Predictions, a mobile application set to debut in the 'coming months' as a result of the acquisition.
The agreement represents a significant expansion for the Czech-based operator into Southeast Europe and has been described as one of Montenegro's largest foreign direct investments in recent years.
Allwyn becomes world's largest listed lottery company and second-largest gaming operator in the latest deal that marks the latest in a trend of gaming and lottery mergers.
Genting Berhad has announced a conditional voluntary takeover offer for all remaining ordinary shares in its subsidiary Genting Malaysia Berhad, with a cash offer price of RM2.35 ($0.56) per share.
Operator receives €1.53bn cash and becomes 58% shareholder in combined iGaming and lottery entity.
Industry giant enters digital vertical combining land-based and online gaming.
The acquisition provides CasinoRIX with a direct presence in New Zealand, retaining Innovate Change's local team.