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Wpt Shareholders Vote For Partygaming
11/2/09 - Mandalay Media's last minute attempt to snatch World Poker Tour Enterprises from PartyGaming's acquisition offer appears to have failed.
The special shareholders' meeting which Mandalay sought to have postponed was held on the 30 October as planned, and the Party Gaming deal has been accepted by the shareholders despite being substantially inferior - on paper at least.
The Mandalay offer put $35 million in cash and stock on the table, pricing the business at a 54 percent premium over the WPTE’s closing price on 26 October, and enabling investors to directly benefit. In contrast, the earler Peerless Media (a subsidiary of Party Gaming) bid, put up $12.3 million in cash to the company, and 5 percent in revenue sharing going forward.
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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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