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Mitch Garber named as chairman of Cirque du Soleil

Tuesday April 21,2015 :  FAMILIAR NAME SURFACES IN CIRQUE DU SOLEIL SALE
 
Mitch Garber named as incoming chair of company.
 
Online gambling industry veteran and CEO of Caesars Interactive Entertainment, Mitch Garber, has been named as the incoming chairman of Cirque du Soleil, the subject this week of an acquisition deal in which TPG-led investors agreed to buy the controlling interest in the company from founder Guy Laliberté (55) for an undisclosed amount, although the enterprise has an estimated value of $1.5 billion.
 
Commenting on the deal, the Wall Street Journal reported that Texas-based private equity group TPG was at the head of a group of Chinese investors.
 
"Founder Guy Laliberté will maintain an unspecified stake in the business and act as creative adviser to the company, which will maintain its headquarters in Montreal," a Cirque du Soleil spokesman said.
 
Reuters reported that the new partners plan to expand into China, as well as push growth plans for the circus troupe in New York and London.
 
On completion of the deal, TPG will own 60 percent, while a unit of Chinese conglomerate Fosun International Ltd will have a 20 percent stake, Cirque founder and ninety percent shareholder Guy Laliberte said.
 
Fosun, which acquired French holiday group Club Med in February, also bought a 5 percent stake in British travel group Thomas Cook last month.
 
Canada's second-largest pension fund, Caisse de dépôt et placement du Québec, will hold a 10 percent stake, while the Laliberte family trust will keep the remaining 10 percent.
 
Cirque du Soleil generates revenues of $1 billion annually, and will remain headquartered in Montreal, Canada, CEO Daniel Lamarre said.



Gambling News :

NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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