Tuesday, November 30, 2021

Tag: Acquisition

Park Holidays bought by Sun Communities Inc for £900m

Park Holidays bought by Sun Communities Inc
Sun Communities Inc has agreed to purchase Park Holidays for £900 million in a deal announced this week, with the American real estate investment trust describing the UK as “a very favourable destination” for expansion.

Beacon Fell View holiday park sells for £11m

Holiday Park sale
Hagans Leisure UK Ltd has confirmed the sale of its 35- acre Lancashire holiday park Beacon Fell View to Hill Brothers Residential and Leisure Parks in a deal worth £11m.   Sold off-market by Colliers estate agency, the site includes 419 lodges overlooking the Ribble Valley, an indoor swimming pool, bar, arcade, gym, and live entertainment venue. “This is one of the...

MGM walks away from £8bn deal to acquire Ladbrokes owner Entain

MGM Entain UK deal off
Already partners in a joint venture in the US market, MGM has decided its £8bn offer to acquire Ladbrokes owner Entain is the highest offer it will make for the UK company, walking away from a deal they will be unable to approach again for another six months under UK code.

Luxury Leisure Talarius extends estate with three venue acquisition in Bradford

Luxury Leisure Talarius Admiral
Luxury Leisure Talarius has expanded its presence in Bradford with the acquisition of three sites from Queensgate Leisure.

Investors acquire Perelman’s stake in Scientific Games

Scientific Games Ronald Perelman stake acquired
A group of investors has acquired the majority of Ronald Perelman’s 39 percent stake in Scientific Games, with the billionaire stepping down from the company’s board.

Merlin Entertainments approves £6bn bid from Lego family

Legoland takeover Merlin Entertainments
Lego owner Kirkbi has agreed a £5.9bn acquisition of Merlin Entertainments, after the Thorpe Park operator’s board unanimously approved the bid, the..

Inspired announces deal for Novomatic UK’s Gaming Technology Group

inspired novomatic
Inspired Entertainment has announced that is has entered into an agreement to acquire Novomatic UK's Gaming Technology Group for £94.4m ($120m). As per the deal Inspired Entertainment will take control of the full range of B3, C and D gaming terminals currently operational in UK pubs, arcades, motorway service areas and holiday resorts under the Novomatic UK Gaming Technology Group...

MFA saved from being struck out through acquisition

MFA, bowling, saved, acquisition, disco bowl
Nine sites previously operated by MFA Bowl have been saved from permanent closure after a Midlands-based nightclub group acquired the venues from administrators Duff and Phelps. MFA bowling alleys in Nottingham, Southend, Chatham, Lewisham, Weymouth, Nuneaton, Scunthorpe, Sunderland and Worcester will now be operated by the newly formed company Disco Bowl. “It’s no secret that we had been looking at the...

Luxury Leisure expands its portfolio with acquisition of Fortunes AGC

Luxury Leisure expands portfolio
Fortunes adult gaming centre, sited in a prime central location in Eastbourne, has been bought by Novomatic subsidiary Luxury Leisure. The centre joins a growing portfolio at Luxury Leisure which acquired the 158-strong Talarius estate just two years ago. The AGC, popular with tourists and locals alike, has been sold with a full machine inventory and an AGC premises licence. According...

Processing.com powers 1xBet with Convergent Acquiring

Innovative, global payment solutions provider delivers optimised approval ratios and conversions for leading online gaming company. Processing.com has rolled out its innovative acquiring solution to the world’s third largest online Sportsbook and casino, 1xBet. As a result of onboarding the solution, 1xBet has been able to increase the approval of credit and debit card transactions – boosting its customer experience...