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500.com's latest move could raise $480 million

Thursday March 27, 2014 : CHINESE SPORTS LOTTERY TO RAISE MORE CAPITAL
 
500.com's latest move could raise $480 million.
 
The Chinese online sports lottery operator 500.com has SEC-filed a follow-on trade and convertible bond offering that could raise $480 million.
 
The New York-listed firm's proposed American Depository Shares transaction is expected to contain a mix of primary and existing shares made available by two major shareholders - Brothers Union International and Clear Treasure Group.
 
The deal will comprise 66.5 million A ordinary shares and 262.1 million class B shares, according to a company announcement.
 
Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. International plc are acting as representatives of the underwriters for the proposed offering of the ADSs, and Deutsche Bank Securities Inc. is acting as the representative of the underwriters of the proposed offering of the Notes.
 
In connection with the proposed offerings, Deutsche Bank Securities Inc., the sole bookrunning manager in the company's initial public offering of 66,539,000 ADSs representing the company's ordinary shares, are releasing the lock-up restrictions with respect to up to 49,627,409 Class B ordinary shares of the company held by two directors. The release will take effect on or about April 8, 2014, and the ADSs representing such ordinary shares may be sold on or after such date.



Gambling News :

Americas Card Room to take 60 Different Crypto Currencies - Winning Poker Network, including Americas Card Room, to Accept Over 60 Crypto-currencies!

New Racing UK free-to-watch show - Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday

MLB Odds: Stroman Gets the Nod Against Royals - The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.

Microgaming in bingo software deal with Marathonbet - Marathonbet’s loyal customers will now be able to enjoy an extensive Bingo offering – marking another big expansion of its online gaming collection.

Microgaming QuickFire enters Coloumbia - Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.

Partypoker to sponsor WSOPC Uruguay - Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.

MLB Odds: Jays Hope to Spoil Orioles’ Visit - The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.

Money Storm Casino - Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.

Big Online SLot Win on Ultimate 10X Slot - At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000

MPN Greatest Poker Player in the Universe - The MPN announces the third annual Universal Championship of Poker (UCOP III), boasting €750,000 guaranteed across 59 tournament events this September

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