Iris already controls 85.77% of the Cairns casino owner following the completion of its first takeover offer in August. The latest bid is unconditional.
Gaming1 has taken full ownership of its long-standing partner Pac-Man NV, gaining its licence and digital portfolio as it expands its Belgian operations.
The operator’s Board of Directors confirmed the news on September 23, as Chairman Paul Salem reaffirmed excitement to ‘lead MGM Resorts as a standalone company.’
70.3% of the operator's overall shareholders voted on the proposed $17.6bn merger, which will now advance to its next phase.
For the deal to close, it still requires regulatory approval, including from the French Ministry of Interior.
The investor will hold around 31.6% of Evolution following settlement, with its wider financial exposure equivalent to approximately 33.8% of the supplier’s shares.
The merger remains subject to regulatory approvals and is expected to complete later this year.
PSE halts trading pending additional disclosures on PhilWeb's strategic investment in JKS Tech Solutions.
Cirsa currently generates around 13% of its EBITDA online, compared with more than 65% at Lottomatica, leaving the Italian operator targeting digital expansion across Spain and other markets.
The two US-based suppliers are adding loyalty technology, electronic roulette products and manufacturing capacity as gaming-sector M&A activity continues across the Americas.