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SHareHolders Approve Bally and Scientific Games Merger
Thursday November 20,2014 : BALLY SHAREHOLDERS APPROVE SCIENTIFIC GAMES MERGER (Update)
Overwhelming vote in favour of $5.1 billion merger deal.
Bally Technologies shareholders have overwhelmingly approved the company's $5.1 billion merger deal with Scientific Games, the company announced Wednesday.
Voting at a special shareholders meeting, Bally stockholders approved the merger agreement and plan of merger, dated as of August 1, 2014.
More than 99.61 percent of the votes represented and cast at the meeting, or approximately 76.97 percent of the total outstanding common stock eligible to vote as of the October 20, 2014 record date, were voted in favour of the approval of the agreement.
Stockholders also approved the non-binding advisory proposal regarding merger-related compensation with a vote of more than 65.83 percent of the votes represented and cast at the meeting.
Approval of the merger agreement by Bally’s stockholders satisfies one of the conditions required to close the merger. The transaction is still subject to obtaining regulatory approvals and certain other customary closing conditions.
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Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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