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10/31/09 - The Mandalay Media last-minute attempt to snatch World Poker Tour Enterprises from earlier bidder and Party Gaming subsidiary Peerless Media continued to excite press attention going into the weekend.
In what appeared to be a response to possibly counter bidding, Mandalay Media increased its $35 million cash and stock offer further on Friday. This latest offer to WPT represents a premium of approximately 61 percent over the closing price of WPT's common stock on October 26 and a premium of approximately 28 percent over the implied value of WPT's pending asset sale with Peerless.
WPT certainly appears to have the right sort of appeal for would-be purchasers; in March this year, privately held investment group Gamynia Limited made an offer for the company which was subsequently rejected after PartyGaming subsidiary Peerless Media tabled a better offer.
Under the terms of the Peerless Media proposal, WPT Enterprises would receive $12.3 million followed by an on-going 5 percent share of revenues generated from the assets.
Ontario extended its online gambling deadline -
02/06/2012 : It could be awhile yet before Canada's most populous province, Ontario, joins sisters British Columbia and Quebec in offering online gambling to its residents.
ESTIMATED WORTH OF SPANISH ONLINE GAMBLING MARKET? -
02/06/2012 : Jdigital, the newly launched Spanish Association of Digital Play has estimated that the Spanish online gambling market based on gross gaming revenue in 2011 has increased by 20 percent exceeding Euro 370 Million.
Conister Bank launches the IOM's first e-gaming banking product -
02/06/2012 : The Isle of Man-based Conister Bank has announced the launch of the Island’s first ever e-gaming dedicated banking product, created specifically for the Island’s e-gaming operators, with the approval of the local Gambling and Supervision Commission
Betfair has announced No More South African Gamblers -
02/06/2012 : International online gambling group Betfair has announced that it is to bow to court decisions in South Africa declaring online gambling illegal by cutting off South African online punters from February 14.
Dr. Love slot released to the Apple Store -
02/06/2012 : In an innovative move, NextGen Gaming, which recently merged with the NYX group, has released its popular Dr. Love slot to the Apple Store for mobile players to access direct.
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