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Merkur Casino acquires Marwyn Management Partners

Tuesday, October 2, 2012 :  GAUSELMANN MERKUR ACQUIRES MARWYN GAMING
 
Compliments long term strategy for UK gaming market
 
German Gauselmann Group-owned Merkur Casino UK Ltd (Merkur) has acquired the Marwyn Management Partners (MMP) wholly owned indirect subsidiary Marwyn Gaming Limited (MGL) for a gross consideration of GBP76 million in cash.
 
Marwyn Gaming Limited includes all the gaming divisions within the MMP group being Praesepe Plc, Restcare Limited, Baleday Limited and Beacon Bingo Limited which in total comprise 159 Adult Gaming Centres, nine Bingo Clubs, five Family Entertainment Centres and Internet business, Beacon Bingo Online.
 
Following repayment of debt and debt related items, adjusting for target net debt remaining on the balance sheet and payment of transaction related fees, the sale is expected to represent net cash available to MMP of approximately GBP16 million, with a further GBP2.7 million paid into an escrow account in relation to various indemnities given to Merkur under the sale and purchase agreement.
 
Ulrich Wüseke, chief financial officer of Gauselmann AG, said: "We are very pleased to announce the purchase of MGL which fits perfectly with our long term strategy for the UK gaming market. In this deal Deutsche Bank AG acted as our financial advisor. True to our dedication to offer entertainment and gaming with stakes and prizes anywhere at any time, the operating business of MGL is an ideal complement to our existing activities in the UK."
 
The newly formed Gauselmann company, Merkur Casino UK Ltd, will be chaired by Wüseke while Praesepe founder Nick Harding will serve as its chief executive officer.
 
Praesepe founder, Nick Harding added: "I am delighted that an organisation of this calibre has made such an investment in our business and, for that matter, in UK gaming. Even against the backdrop of the double dip recession and the handbrake of limited investment, my team has registered a series of very significant successes, which have cemented our position as operators of the most successful gaming brands on Britain’s high streets. The financial confidence that we now have will allow us to drive forward and implement the progressive initiatives which I believe will transform the sectors that we operate in.”



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NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

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Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

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MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

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Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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