SJM Holdings acquires L'Arc Hotel; exits Ponte 16 deal
The decisions are part of SJM Resorts' core business development strategy.
3 min read • Nov 20 • By
Beth Turner
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GR8_TECH
DYG
Makeberry Affiliates
GammaPlus
AMATIC Online
Galaxsys
GammaStack
Global Gaming Awards
Imagine Live
OMNIPLAY
SmartSoft
Titans
bet365 Partners
1spin4win
Euro Games Technology
ReferOn
ONLYPLAY
JDB Gaming
N1 Partners
DATA.BET
Z-Gaming
Linebet
GammaSweep
The decisions are part of SJM Resorts' core business development strategy.
The companies described the acquisition as a way to endorse safer gambling worldwide.
The operator looks to strengthen its offline presence via convertible notes granting the rights to acquire a controlling stake in International Entertainment Corporation.
The announcement comes as the newly merged company formalises its Board of Directors.
The funding package combines term loan facilities across US and European lenders as Allwyn prepares to enter the North American fantasy sports sector.
The operator will work alongside ESPN as it launches its new chapter in the sports betting scene.
The acquisition will allow Kambi to launch a proprietary player account management platform in Nevada.
The extended offer period gives shareholders additional time to consider the bid as Novomatic seeks to further expand its international gaming portfolio.
The supplier has also officially obtained IMG's global sports betting rights portfolio.
Financial terms of the transaction have not been released, but Snuneymuxw expects to become one of the largest casino operators by revenue in British Columbia as a result of the deal.