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Caesars Entertainment Corporation ( CZR ) |
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Entertainment
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Written by Editor
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Tuesday, 23 April 2013 08:28 |
Caesars Entertainment to Form New Growth-Oriented Venture
Apollo Management and TPG Capital to Invest $500 Million; Capital Raise Can Grow to $1.2 Billion
Caesars Entertainment Corporation ("Caesars") (CZR) today announced that its Board of Directors has approved the material terms of a strategic transaction intended to improve the company's capital structure and provide support for new projects. As part of the transaction, Caesars will form a new growth-oriented entity, Caesars Growth Partners, LLC ("Growth Partners"), to be owned by Caesars and participating Caesars stockholders. The transaction is intended to provide capital to allow Caesars to continue to fund growth opportunities in a less levered and more flexible vehicle than its existing operating subsidiaries. In addition, the transaction will result in a cash infusion into Caesars Entertainment Operating Company, Inc. ("CEOC") from the sale of certain assets to Growth Partners, while also freeing CEOC from funding future equity contributions required for certain projects under development.
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PokerTek Inc ( PTEK ) |
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Entertainment
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Written by Editor
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Tuesday, 26 March 2013 07:58 |
PokerTek and Carnival Corporation & plc Enter into 5-Year Contract
PokerTek, Inc. ( PTEK ) today announced the Company has renewed its contract with Carnival Corporation & plc through December 2017.
"Carnival Corporation & plc has been a great business partner over the past 6 years, and we are pleased to renew and extend our relationship with the world's largest cruise operator," said Mark Roberson, PokerTek's Chief Executive Officer.
"We look forward to providing passengers aboard Carnival Cruise Lines, Holland America Line, Princess Cruises, Costa Cruises, Cunard and P&O Cruises with exceptional gaming experiences for many years to come."
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Glu Mobile Inc ( GLUU ) |
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Entertainment
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Written by Editor
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Tuesday, 12 March 2013 08:59 |
Glu Mobile Launches First Real-Money Gambling Offering with Probability
Glu Mobile Launches First Real-Money Gambling Offering with Probability
Mobile slot game featuring intellectual property from Glu`s popular Samurai vs. Zombies Defense is immediately available in the UK
San Francisco, Calif. - Mar. 12, 2012 - Glu Mobile Inc. (GLUU), a leading global developer and publisher of freemium games for smartphone and tablet devices, today announced the availability of the company`s first real-money mobile gambling offering through Probability plc, the mobile entertainment gambling provider. The mobile slot game features intellectual property from Glu`s popular Samurai vs. Zombies Defense and is made available to mobile real-money gamers in the UK through Probability`s distribution network.
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Ameristar Casinos Inc ( ASCA ) |
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Entertainment
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Written by Editor
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Friday, 21 December 2012 10:35 |
Pinnacle Entertainment to Acquire Ameristar Casinos for $26.50 Per Share in Cash
Transformative Transaction Creates a Best in Class Gaming Platform With Increased Diversification and Significant Efficiencies of Scale
Expected to be Accretive to Pinnacle's Free Cash Flow and Earnings Per Share
Pinnacle Entertainment, Inc. (PNK) and Ameristar Casinos, Inc. (ASCA) announced today that the companies have entered into a definitive agreement under which Pinnacle will acquire all of the outstanding common shares of Ameristar for $26.50 per share in cash, for a total enterprise value of $2.8 billion, including debt of $1.9 billion and cash on hand of $116 million as of September 30, 2012. This consideration represents a premium of 45% over the average closing price of Ameristar common stock for the 90 days ended December 20, 2012. The transaction has received the unanimous approval of both the Ameristar and Pinnacle Boards of Directors.
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Amaya Gaming Group Inc ( AYA ) |
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Entertainment
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Written by Editor
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Thursday, 13 December 2012 09:51 |
Playboy selects Amaya for Online Gaming
Amaya Gaming Group Inc. ("Amaya" or the "Corporation") (TSXV:AYA.V - News), an entertainment solutions provider for the regulated gaming industry, is pleased to announce a global licensing agreement with Playboy Enterprises ("Playboy") through which Amaya and Playboy will collaborate and develop online gaming initiatives in poker and lottery featuring the iconic Playboy brand in selected territories where permitted around the world. Detailed development and marketing initiatives are underway and initial roll-out is anticipated to begin in early 2013.
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