Ladbrokes has signed a £1.35 billion (€1.8 billion/$2.1 billion) facility with a syndicate of relationship banks in order to provide committed financing for its proposed merger with rival bookmaker Gala Coral.
Czech Republic lottery and betting firm Synot Group has linked up with South African gaming company Grand Parade Investments (GPI) to acquire minority stakes in Australian gaming machine manufacturer Atlas Gaming.
Jim Mullen, chief executive of Ladbrokes, has highlighted the need for the firm to “reset” and “invest” if it is to achieve growth in the long-term, following a heavy year-on-year drop in operating profit during the six months through to June 30.
Gavin Isaacs, president and chief executive of Scientific Games, said that the firm was able to make “significant progress” during the three months through to June 30, 2015, with the company posting growth across key financials.
Italian operator SNAI has revealed that it has entered into an agreement to finalise its previously announced merger with rival Cogemat, while also confirming Giorgio Sandi is to stand down as its chief executive and chairman.
Boylesports is set to proceed with a takeover bid worth at least €25 million ($28.5 million) for Ladbrokes’ Irish arm despite having failed to secure further information on the bookmaker’s operations in the country.