• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Bally owners to vote on fast-tracked SG deal Nov 18

Oct 09, 2014 Newsdesk Industry Talk, Latest News  


Bally owners to vote on fast-tracked SG deal Nov 18

Slot machine and casino systems maker Bally Technologies Inc announced on Wednesday that a special meeting of its stockholders would be held on November 18.  Shareholders of record, as of October 20, will be asked at the meeting to approve the US$5.1 billion buyout of the firm by lottery equipment specialist Scientific Games Corp.

Bally Technologies shareholders have been offered US$83.30 per share under the deal. The company’s stock closed at US$80.93 in Wednesday trading on Nasdaq in New York, down 0.16 percent on the day.

Bally Technologies said in late September that the planned deadline for the merger was being brought forward to the end of 2014. It had originally been scheduled for early 2015.

Under the arrangement, Scientific Games will take on US$1.8 billion of the target company’s debt.

When the deal was announced on August 1, Scientific Games said the transaction was expected to be immediately accretive to its earnings per share and cash flow, providing US$220 million in annual cost savings and US$25 million in annual capital expenditure savings by the end of the second year following the closure of the deal.

Scientific Games’ stock closed down 1.35 percent at US$10.24 in Wednesday trading on Nasdaq.


  • tweet
Related articles
  • Sci Games says ‘Singing Cats’ nodded in 9 APAC markets
    Sci Games says ‘Singing Cats’...

    Jan 27, 2021  

  • Sci Games sees quarterly loss narrow sequentially in 3Q
    Sci Games sees quarterly loss narrow...

    Nov 05, 2020  

More news
  • Macau has 77 junket rooms, 1,566 VIP tables says govt
    Macau has 77 junket rooms, 1,566 VIP...

    Jan 28, 2021  

  • Dec hotel occupancy highest since Jan 2020: Macau govt
    Dec hotel occupancy highest since Jan...

    Jan 28, 2021  


Latest News

Macau has 77 junket rooms, 1,566 VIP tables says govt

Macau has 77 junket rooms, 1,566 VIP tables says govt

Jan 28, 2021  

Macau’s current VIP gambling sector – involving 85 licensed gaming promoters – has “77 gaming rooms” and “1,566 gaming tables”, said the Macau government official with oversight of the...
Read More
Dec hotel occupancy highest since Jan 2020: Macau govt

Dec hotel occupancy highest since Jan 2020: Macau govt

Jan 28, 2021  

Studio City may seek fresh liquidity says research firm

Studio City may seek fresh liquidity says research firm

Jan 28, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"I believe that when Macau makes a decision, there is going to be a requirement to invest more"

Robert Goldstein

Chairman and chief executive of Las Vegas Sands



Most Popular

  • China said to be expanding blacklist for overseas gamblingChina said to be expanding blacklist for overseas gambling January 27, 2021
  • China diplomats warn nationals not to gamble in CambodiaChina diplomats warn nationals not to gamble in Cambodia January 27, 2021
  • Digital yuan eventually for Macau mass bets mulls BernsteinDigital yuan eventually for Macau mass bets mulls Bernstein January 22, 2021
  • Okada Manila warns against online casino, sale rumoursOkada Manila warns against online casino, sale rumours January 25, 2021
  • Cotai expansion to aid Macau EBITDA to 2019 level: CICCCotai expansion to aid Macau EBITDA to 2019 level: CICC January 26, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us