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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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Sinclair Broadcast Group Inc ( SBGI ) |
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Entertainment
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Written by Editor
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Friday, 12 April 2013 10:30 |
Sinclair Broadcast Group to Acquire Fisher Communications, Inc.
Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) ("Sinclair") and Fisher Communications, Inc. (NASDAQ: FSCI) ("Fisher") announced today that they have entered into a definitive merger agreement whereby Sinclair will acquire Fisher in a merger transaction valued at approximately $373.3 million.
Under the terms of the agreement, Fisher shareholders will receive $41.00 in cash for each share of Fisher common stock they own. The transaction represents a 44% premium to the closing price of Fisher common stock on January 9, 2013, the final trading day prior to Fisher announcing a review of strategic alternatives.
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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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Comcast Corporation ( CMCSA / CMCSK ) |
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Entertainment
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Written by Editor
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Wednesday, 13 February 2013 08:38 |
Comcast Increases Dividend by 20% to $0.78 Per Share on an Annualized Basis and Plans to Repurchase $2 Billion of Its Stock in 2013
Comcast Corporation (NASDAQ: CMCSA, CMCSK), a leading media, entertainment and communications company, announced today that it increased its dividend by 20% to $0.78 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.195 a share on the company’s common stock, payable on April 24, 2013 to shareholders of record as of the close of business on April 3, 2013.
Today, Comcast also announced that it plans to repurchase $2.0 billion of its stock during 2013, subject to market conditions.
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