Shareholders and creditors of Spanish and Latin American focused gambling operator Codere have reached an agreement on a €1.1 billion ($1.4 billion) debt restructuring that will allow bondholders to take control of the company.
US horseracing and casino operator MTR Gaming Group has announced that its stockholders have approved a merger agreement with Eldorado HoldCo, the parent company of US gaming property operator Eldorado Resorts.
Interactive gaming software and services provider GTECH has entered into a definitive agreement to acquire gaming products designer and manufacturer International Game Technology (IGT) for $4.7 billion (€3.5 billion) in cash and stock.
Betting operator Gala Coral has said that despite having recorded year-on-year growth during the 12 weeks to April 12, 2014, recently announced changes in UK gambling regulations mean that the closure of some of its shops is ‘inevitable’.
UK bookmaker Ladbrokes has vowed to link the amount its top executives earn to its targets on tackling problem gambling as part of an effort to ease fears over the risks posed by fixed odds betting terminals (FOBTs).
The global gambling sector grew 4.9% in 2013 and generated €317.6bn in gross win, a figure that is set to rise to €332.4bn in 2014 and then on to €395bn by 2018, iGaming Business’s exclusive data partner H2 Gambling Capital has revealed in the second of the four data-led articles it is publishing this week.
John Boyle, founder, owner and chief executive of Irish independent bookmaker Boylesports, has revealed that he is planning to expand the business in Britain after enjoying considerable success in Ireland.