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Contagious Gaming Acquisition of Sportech Gets New DeadLine
Saturday October 10,2015 : SPORTECH GETS A SECOND EXTENSION ON CONTAGIOUS GAMING DEAL
5.00 p.m. on 6 November 2015 is the new deadline.
The possible acquisition of Sportech plc by Canada's Contagious Gaming group is taking longer than anticipated, and for the second time the negotiating parties have been given an extension on time limits for the deal by the London stock exchange.
In a statement Friday Sportech advised that a further extension to 5.00 p.m. on 6 November 2015 had been granted.
Negotiations with Contagious on a proposed takeover of Sportech started mid-August with a deal conditional on reaching the right consideration; the satisfactory conclusion of due diligence procedures; Contagious success in raising the finance required; and Sportech shareholders approving the sale.
The deadline for Contagious Gaming to either announce a firm intention to make an offer for Sportech in accordance with Rule 2.7 of the exchange Code or announce that it does not intend to make an offer, expired on September 11, but an extension to October 9 was granted, leading to this week's further extension.
The Sportech statement advises shareholders to take no action at present, as there can be no certainty that an acceptable formal offer for the company will ensue.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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