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 :
Alegriabet Finally Launches -
Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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.