Apollo bids for Tabcorp’s wagering and gaming businesses
6th May 2021
| By Robert Fletcher
Private equity giant Apollo Global Management has submitted a revised proposal worth AU$4.00bn (£2.23bn/€2.57bn/US$3.10bn) to acquire Tabcorp’s wagering and media business and gaming services segment.
It has also put forward an alternative proposal, to acquire only the wagering and media business only for $3.50bn. Both offers will now be assessed by the Australian operator’s board.
The proposal remains subject to a number of conditions including due diligence, financing, regulatory approval and consent from all relevant third parties.
In March, Tabcorp announced that it was to carry out a strategic review of its business, with the possibility of selling its wagering and media division.
Rod and Ekaterina Baker were charged earlier this year under Yukon's Civil Emergency Measures Act after allegedly breaking self-isolation and travelling to Beaver Creek, where they posed as locals and received doses of the Moderna vaccine intended for locals.
Rod and Ekaterina Baker did not appear in person
A Vancouver couple accused of flouting Yukon's COVID-19 rules and travelling to Beaver Creek to get doses of the Moderna vaccine meant for locals had their first court date on Tuesday.
Rodney and Ekaterina Baker were scheduled to make a first appe
Great Canadian Gaming Announces the Temporary Suspension of Operations at Casino Nova Scotia newswire.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswire.ca Daily Mail and Mail on Sunday newspapers.
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TORONTO, April 23, 2021 /CNW/ - Further to the announcement yesterday from the Nova Scotia provincial government that certain businesses in the Halifax Regional Municipality, such as casinos, be required to close in the effort to contain the spread of COVID-19, Great Canadian Gaming Corporation (TSX: GC) ( Great Canadian or the Company ) suspended operations at Casino Nova Scotia - Halifax as of Thursday, April 22, 2021 at 11:59 p.m. AST.
The new restrictions do not apply to the Company s Casino Nova Scotia location in Sydney, Nova Scotia. As the mass vaccination programs in Canada continue to rollout and mature, we are eagerly looking forward to the easing of operating restrictions that will in turn allow our properties to reopen, and our teams to safely return to work whereby we can welcome our guests back for a unique brand of gaming entertainment, stated Terrance Doyle, Great Canadian s Interim Chief Executive Officer. This has be