IGT to Sell Double Down for US$825m NORTH AMERICA
Les politiciens souhaitent que le Val d'Europe, une région située à 35 kilomètres à l'est de Paris, près de Disneyland Paris, ne comprenne plus seulement un parc à thème mais qu'elle devi- enne la première destination de jeux européenne avec l'ouverture de quatre à six casinos.
Le ministère des finances ukrainienne a promis de réintroduire les paris à travers le pays pour permettre à ce nouveau marché de générer des revenus d'ici l'année prochaine. Une lettre signée par le premier ministre a été envoyée à la dirigeante du Fonds monétaire internationale, Christine Lagarde, avec les explications suivantes : 'Nous allons légaliser les paris pour permettre à notre budget de bénéficier de recettes complémentaires avant 2018'.
Le ministère de l'économie vient d'entériner de nouvelles lois autorisant les terminaux de bingo électroniques au Portugal. Ces lois, entrées en vigueur le 13 avril, encadrent la manière dont les terminaux de bingo doivent être installés et gérés.
La Société Française de Casinos (SFC) a connu une croissance de plus de 20 % en 2016 grâce à des fusions et acquisitions.
Elle résume cette année en un 'exercice intense en termes de croissance externe avec l'ac- quisition de cinq casinos'.
Les nouveaux casinos en ligne agréés du NewJersey ont généré suffisamment de profits, avec un mois de mars exceptionnel, pour que le secteur atteigne des chiffres record : le total des recettes fiscales s'élève ainsi à 80 millions de dol- lars US.
La tribu indienne des Cowlitz vient de se voir accorder le droit d'ouvrir un casino de 510 millions de dollars US à La Center, dans le sud-ouest de l'état de Washington, près de la frontière avec l'Ore- gon, suite à une décision de la Cour Suprême américaine.
International Game Technology vient de signer un contrat de vente pour sa filiale de jeux de casino en réseau, Double Down Interactive, à une filiale de DoubleU Games., un opérateur de casino avec jeux en réseau dont le siège social est basé à Séoul, en Corée du Sud.
Evolution Gaming devrait construire une nouvelle salle de casino live dernier cri dans le dis- trict régional du Grand Vancouver, en Colombie Britannique, la première hors Europe. L'ouverture est prévue avant fin 2017 et la salle sera la huitième d'Evolution, résultat d'un accord prévoyant la fourniture de jeux de casino live et de services pour la BCLC (British Columbia Lottery Corpora- tion).
TCSJohnHuxley vient de signer un accord pour devenir le distributeur exclusif d'une gamme de tables de jeux conçues par Club Gaming, une filiale en propriété exclusive de Crown Resorts. L'accord couvre cinq jeux et prend effet immédiate- ment. TCS John Huxley a dorénavant la possibilité de commercialiser ses jeux à travers le monde pour l'ensemble des sociétés de son client mondial.
P28 NEWSWIRE / INTERACTIVE /
247.COM
IGT has signed a definitive purchase agreement to sell its social casino subsidiary, Double Down Interactive, to an affiliate of DoubleU Games
IGT bought Seattle-based Double Down in 2011 for $500m, but falls in revenue due to fewer daily active users and a declining installed base has driven the sale
NEVADA SOCIAL GAMING
International Game Technology has signed a definitive purchase agreement to sell its social casino subsidiary, Double Down Interactive, to an affiliate of DoubleU Games., a leading global social casino operator headquartered in Seoul, South Korea. Te cash purchase price is $825m, which represents 10.5x DoubleDown's full-year 2016 Adjusted EBITDA. Te transaction establishes a new multi-year strategic partnership between IGT and DoubleU Games to provide innovative player experiences in the social casino market worldwide.
"Since acquiring DoubleDown in 2012, IGT has grown it into one of the largest and most successful brands in the North American social casino market," said Marco Sala, CEO of IGT. "After several years of strong, organic growth and increasingly attractive valuation levels, the time is right for us to maximize the value of this asset for our shareholders. We will continue participating in the growth of the social casino market through our multi-year, strategic partnership with DoubleU Games."
"Tis transaction represents a unique and value- accretive partnership combining the operational
Canada
Gateway Casinos & Entertainment has now opened Cascades Casino Penticton with 400 slot machines and gaming tables including blackjack, roulette, and baccarat. Tony Santo, CEO of Gateway, said: “Gateway is proud to invest $25m in Penticton and bring up to 150 new employees for a total of approximately 300 team members to the community. Cascades Casino Penticton will be a significant addition to the local economy and entertainment landscape of Penticton.”
Mike Magnusson, General Manager added: “We want every guest to have an experience that has them planning their next Cascades trip before they leave.”
Te Cascades of Cash promotion also kicked off in April, where players can instantly win $1,000,000, just by swiping their Encore Rewards card.
excellence of DoubleU Games with IGT's world class slot content," said Ga-Ram Kim, CEO of DoubleU Games. "With this partnership, we are excited and confident about DoubleU Games' future as a global leader in social casino."
Proceeds from the transaction will be used for general corporate purposes, including debt reduction. IGT will provide an updated financial outlook that includes the full impact of this transaction in late May, in conjunction with its first quarter of 2017 results.
Upon the closing of the sale, the parties will enter into a game development, distribution and services agreement which will enable DoubleU Games to offer IGT's extensive casino game library on DoubleU Games' combined social casino platforms, in exchange for ongoing royalties to IGT.
Te sale has been approved by the Board of Directors of IGT and the necessary governance body of DoubleU Games, and is subject to customary closing conditions, including regulatory approvals. Te sale is anticipated to be completed in the second quarter of 2017.
New Jersey Hard Rock to spend $375m on Taj Mahal overhaul
Hard Rock International has now officially announced the completed acquisition as well as unveiled plans for the launch and significant redevelopment of Hard Rock Hotel & Casino Atlantic City. Dignitaries including Governor Chris Christie, Atlantic City Mayor Don Guardian, Hard Rock International Chairman Jim Allen and Senate President Stephen Sweeney, as well as local representatives, gathered to learn more about the momentous opportunity the project will bring to Atlantic City. Te former Taj Mahal building will undergo an all-encompassing $375m renovation and reopen in the summer of 2018.
Te upcoming Hard Rock Hotel & Casino Atlantic City is situated on 17- acres of Boardwalk real estate, offering vast views of the city and Atlantic Ocean. Impacting local and regional economies, as well as contributing to the revitalisation of Atlantic City, the partnership between Hard Rock and the Morris and Jingoli families will create more than 1,000 jobs during construction and 3,000 permanent jobs. Since the transaction on March 31, Hard Rock has already hired 23 employees as it sets out to bring the once iconic property back to life.
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