(Bloomberg) -- Sky City Entertainment Group Ltd. headed for a record one-day gain on New Zealand's stock exchange, valuing the nation's largest casino operator at about USD 1.8 billion, after saying it received a takeover offer. The price indicated by the suitor, which Sky City declined to name, would be a "significant premium," the Auckland-based company said before trading began today.
Las Vegas (AP) -- Shareholders of Station Casinos Inc. approved a USD 5.4 billion takeover bid Monday from a private equity investor group that includes key members of the neighborhood casino operator's founding family. At a special meeting attended by more than 100 shareholders, chief executive Frank J. Fertitta III said the going-private transaction, for USD 90 a share, had been approved. There was no shareholder discussion, and the meeting was over in about 20 minutes.
Johannesburg (Reuters) - South African casino operator Gold Reef Resorts is in exclusive talks with a private equity consortium about a cash takeover that values the firm at about ZAR 9.85 billion (USD 1.37 billion). Gold Reef said on Monday a consortium led by Ethos Private Equity Fund V and including management and black investors might make an offer of 34 rand per share in cash. Gold Reef said that implied an enterprise value of ZAR 11.6 billion.
London (Reuters) - Online gaming group Sportingbet said on Wednesday that talks over a possible takeover by Austrian Internet bookmaker bwin had ended by mutual consent, sending its shares down over 9 percent. A source close to the situation said regulatory uncertainty over the online gaming markets in which the two companies operate was one of the main reasons why they couldn't agree on the terms of a tie-up.
Gaming and wagering giant Tabcorp Holdings Ltd has sought to hose down speculation it may be a takeover target. The company released a statement to the market on Thursday following media speculation and a rise in its share price on Tuesday. Tabcorp said it "has not been approached or been involved in any discussions concerning a possible takeover of the company."
