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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.”



Gambling News :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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