GGRAsia – Industry Talk

IGT, GTech amend merger agreement

Sep 24, 2014 Newsdesk Industry Talk, Latest News, Top of the deck

International Game Technology (IGT) and GTech SpA on Tuesday said they have amended their previously announced merger agreement dated July 15. “IGT and GTech entered into the amendment with the...

GTech-IGT integration process kicks off

Sep 23, 2014 Newsdesk Industry Talk, Latest News, Top of the deck

The integration process between GTech SpA and International Game Technology (IGT) has officially started, the chief executive of GTech, Marco Sala (pictured), announced on a corporate video released...

Bally-Scientific Games merger fast forwarded to end-2014

Sep 22, 2014 Newsdesk Industry Talk, Latest News, Top of the deck

The schedule for the completion of the merger between Bally Technologies Inc and Scientific Games Corp has been brought forward, Bally Technologies announced. “We now anticipate the transaction...

China Vanguard back in black

Sep 19, 2014 Newsdesk Industry Talk, Latest News

Hong Kong-listed China Vanguard Group Ltd, a company providing lottery-related services to the mainland China market, announced on Thursday it posted a net profit of HKD14.9 million (US$1.9 million)...

Online lottery specialist Berjaya net profit dips fivefold

Sep 16, 2014 Newsdesk Industry Talk, Latest News, Philippines, Top of the deck

Manila-listed Berjaya Philippines Inc reported a decline in net profit for the financial quarter ended July 31. Berjaya is a conglomerate that is 100 percent equity owner of Philippine Gaming...

Huiyin Household unit to sell Anhui sports lottery products

Sep 15, 2014 Newsdesk Industry Talk, Latest News, Rest of Asia

Huiyin Household Appliances (Holdings) Co Ltd, a Hong Kong-listed investment holding company, announced that a wholly owned subsidiary has won a contract to sell sports lottery products in Anhui...

Crown Resorts states interest on subordinated notes

Sep 15, 2014 Newsdesk Industry Talk, Latest News, World

Australian casino operator Crown Resorts Ltd on Monday said it expects to pay interest of AUD1.91 (US$1.72) per Crown subordinated note at the next interest payment date, which falls on December 15....

Suzo-Happ acquires Comesterogroup

Sep 15, 2014 Newsdesk Industry Talk, Latest News

U.S.-gaming and amusement supplier Suzo-Happ Group announced last week the acquisition of Comesterogroup Srl, a European provider of electronic payment systems and self-service equipment to several...

Adam Rosenberg joins Fortress Investment

Sep 12, 2014 Newsdesk Industry Talk, Latest News, World

Adam Rosenberg, former global head of gaming investment banking at Goldman, Sachs & Co, has joined New York-based Fortress Investment Group LLC as managing director leading its gaming and leisure...

Keep eye on casino supply firm M&A debt: Fitch

Sep 11, 2014 Newsdesk Industry Talk, Latest News, Top of the deck

Fitch Ratings Inc has issued a statement on the recent merger and acquisition activity in the casino equipment supply sector, advising investors to “pay special attention” to the acquiring...