Scientific Games puts forward $350 million note issue for NYX acquisition

first_img Updating the market, the governance of Nasdaq-listed gambling technology supplier Scientific Games Corporation (SGC) has announced that it will sanction a private offering of $350 million senior secured notes due for reimbursement in 2025.  SGC governance will use the net proceeds of its note offering, to fund its cash and debt $631 million outright acquisition of NYX Gaming Group assets, announced on 20 September.The technology supplier informs that should its pending acquisition of Toronto TSX-listed NYX be suspended, SGC will use the funds for general corporate purposes, which may include the prepayment of corporate loan borrowings under the previous terms of its existing credit facilities.This September, SGC announced that it had entered a ‘definitive agreement’ to acquire all related NYX assets, with a view to accelerate its digital gambling dynamics and further gain a strong foothold in the global sports betting market gaining NYX’s OpenBet division as a new vertical.Expanding its omni-channel capabilities, SGC will seek to create a new ‘digital gambling division’ led by current NYX CEO Matt Davey, who will join SGC as President of Digital Gaming should the acquisition be approved.Taking over NYX assets, SGC will gain one of the biggest industry digital services portfolio, as NYX services a number of tier1 industry operators for platform and games content provisions including William Hill, Betsson, bet365 and Caesars Interactive. Scientific Games records $198m loss as COVID swamps casino and lottery performance July 24, 2020 StumbleUpon Share Related Articles Kambi and DraftKings agree on final closure terms July 24, 2020 Esports Entertainment bolsters tournament capacity by acquiring EGL August 27, 2020 Submit Sharelast_img read more

Athens International Airport profits €14005m in 2017

first_imgAthens International Airport (ΑΙΑ) Eleftherios Venizelos has reportedly reached a net profit of 140.05 million euros in 2017, over eight million euros more than 2016’s 132.4 million.Moreover, operational revenues reached 433.5 million euros, up by 6.61 per cent compared to 2016, attributed mainly to the increase in passenger traffic and improved commercial sales.A dividend to shareholders will not be issued, however, citing an extension of the current concession contract with the Greek state binding AIA over €1.35bn, Naftemporiki reports.Greece’s busiest airport still needs to make up for the €79.9m fee the Greek state imposed on 2016 for “airport improvement and development”.Meanwhile, profits from duty-free shopping across Greece are also seeing an increase. Most purchases linked with a return of VAT for consumers visiting from non-EU countries – continued to post an annual growth rate of roughly 20 per cent, in terms of value of transactions, and up to 30 per cent  over the Jan-July 2018 period.Surprisingly, even though profits from the tax-free shopping sector in Greece are increasing year-round, the same does not happen to the average daily spending per tourist which has dropped a whopping 25 per cent, compared to 2016. On average, a tourist woulds spend €50 in 2017, €70 down from the previous year.Based on a report released by Global Blue Hellas, Chinese and US nationals comprise nearly half of the total number of tax free shopping sales in the country. Facebook Twitter: @NeosKosmos Instagramlast_img read more

300 National Guard members sent to protect MexicoBelize border

first_imgThe arrival of the 300 guards is meant for direct support for the National Institute of Migration to stop the flow of more Central Americans from illegally entering Mexico. The members of the National Guard were sent to the border as per an agreement made with the US to help curb the flow of migrants who cross through Mexico to reach the United States. Chetumal, Q.R. — Hundreds of members of the National Guard have arrived in the southern portion of the state of Quintana Roo in a bid to secure the Mexico-Belize border from illegal immigrants. In addition to personnel, surveillance has also been reinforced at border points such as the town of La Unión and the Chactemal and Subteniente López bridges.center_img The move comes the same week as the announcement by the government of Mexico that all passengers using the ADO bus service will be required to produce identification before boarding. Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on WhatsApp (Opens in new window)last_img read more