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Mandalay Ups it bid for World Poker Tour
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.
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Gambling News :
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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