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AMAYA OFFER FOR CRYPTOLOGIC ENTERING FINAL STAGES
02/21/2012 : AMAYA OFFER FOR CRYPTOLOGIC ENTERING FINAL STAGES
Details of acquisition offer will reach shareholders soon
The directors of Amaya Gaming and Cryptologic have continued to work together on an acquisition offer as announced earlier this month, with Cryptologic directors recommending the deal to shareholders at US$2.535 per share.
In a further communication this week the two companies announced that the offer document dated 17 February 2012 setting out, amongst other things, the terms and conditions of the Amaya offer and the procedure for acceptance, together with the Form of Acceptance, and the Directors' Circular of the board of Cryptologic dated are currently being posted to shareholders of Cryptologic, and for information only, to exchangeable shareholders of Cryptologic's indirect wholly owned subsidiary, Cryptologic Exchange Corporation and holders of Cryptologic stock options.
Amaya's offer will initially remain open for acceptance until 3:00 p.m. GMT on 28 March 2012 and is conditional upon, among other things, valid acceptances being received in respect of more than 50 percent in value of the issued share capital of Cryptologic and more than 50 percent of the voting rights attached to the issued share capital of Cryptologic normally exercisable at general meetings.
Shareholders are invited to complete the formalities outlined in the documents they have b een sent in order to progress the deal.
Copies of the Offer Document, the Form of Acceptance, the Directors' Circular and other documents on display will be available free of charge on the websites of both companies.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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