No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
AMAYA GAMING TO ACQUIRE CADILLAC JACK
Wednesday September 26,2012 : AMAYA GAMING TO ACQUIRE CADILLAC JACK
Acquisition enhances growth opportunies
Amaya Gaming Group is back on the acquisition trail entering into what has been termed an "arm's length definitive agreement" to acquire Cadillac Jack, Inc.
The merger transaction will cost Amaya in the region of US$167 million for 100 percent of the equity in Cadillac Jack along with clearing its debt and will be funded through three separate cash payments.
The U.S. Georgia State head-quartered Cadillac Jack serves as a developer and supplier of video reel slots, wide area and multi-level progressives and Latin style bingo games. It also develops content and technologies specific to the US and Mexican gaming markets.
Cadillac Jack reported US$78.5 million in total revenues and US$17.8 million in net income in the year ending December 31, 2011. During that same period Cadillac Jack generated US$35.7 million in adjusted EBITDA1 and reported total assets of US$72.0 million and total liabilities of US$85.8 million.
For the six month period ended June 30, 2012, the unaudited consolidated financial statements of Cadillac Jack reported US$39.6 million in total revenues and US$3.9 million in net income. During that same period Cadillac Jack generated US$18.4 million in adjusted EBITDA and reported total assets of US$77.9 million and total liabilities of US$87.6 million.
Under the three separate cash payments, Amaya will make the first upon closing of the Acquisition which will total approximately US$147.0 million. Two additional payments of US$10.0 million each will be made on the first and second anniversaries of the closing of the acquisition which Amaya said it will finance through a combination of cash-on-hand and a new US$70.0 million to US$100.0 million non-convertible senior secured term loan.
"The acquisition of Cadillac Jack is a pivotal event for Amaya. We expect that the combined companies will leverage their distribution for game content in the key areas of online, mobile and land based casinos. The Acquisition creates immediate scale for Amaya's operations and greatly enhances growth opportunities for both companies," said David Baazov, chief executive officer of Amaya.
By combining operations of the two companies, Amaya said it expects the acquisition to result in substantial revenue and cost synergies, which it should achieve within the first year following the closing of the sale.
"I want to thank Gene Chayevsky, who has held leadership roles at Cadillac Jack since 2004 and been its chief executive officer since 2008, for his stewardship in establishing one of our industry's emerging leaders," said Baazov. "The foundation for growth that Gene established at Cadillac Jack made it an ideal complement to Amaya's business."
"I'm proud of our team and our accomplishments over the past several years, which established Cadillac Jack as one of Georgia's and the gaming industry's leading growth companies," said Gene Chayevsky, chairman, chief executive officer, and controlling shareholder of Cadillac Jack.
Chayevsky will leave the company but will assist in the transitional period prior to closing. Amaya's David Baazov will take over the reins as chairman of the board and chief executive officer while Mauro Franic, current chief operating officer, and Sigmund Lee, current chief technology officer, will retain their positions at the company.
The closing date of the Acquisition is expected during the fourth quarter of 2012.
Amaya rumoured to be interested in the acquisition of Bwin.party Entertainment’s Ongame Poker Network earlier this month.
Gambling News :
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 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
PartyPoker Exits Australia -
From 31st August 2017 partypoker players will no longer be able to play from Australia. Players’ deposited funds are safe and available for withdrawal.
Mercury Poker Live on Indian Poker Network -
Mercury Poker Live on MPN's Indian Poker Network. MPN India, established in 2015, is a ring-fenced poker network dedicated to the Indian market and operating exclusively in Indian Rupees.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.