Australian PBL extends takeover bid for Gateway Casinos
Shareholders in Gateway Casinos Income Fund, listed on the Toronto Stock Exchange, now have until November 14 to decide on the offer from New World Gaming Partners Ltd., the investment bank’s 50-50 joint venture with PBL, a media and gambling company controlled by Australia’s richest man, James Packer.
The third extension of the offer was to expire Wednesday. The partners extended their offer for the fourth time as the joint venture "continues to pursue the regulatory approvals required from the British Columbia and Alberta gaming regulators," the consortium said in a statement Tuesday.
New World Gaming’s venture has been accepted by national regulators in Canada. It still requires approval from British Columbia and Alberta authorities. The offer is conditional on those approvals and upon receiving acceptance for two-thirds of the fund’s units.
The offer has the backing of the Gateway Casinos board. If the offer succeeds, New World Gaming will gain a network of nine casinos across Vancouver, Edmonton and Alberta.
Affinity Interactive wraps up enhancements at Las Vegas' Silver Sevens Hotel & Casino
Arizona: Casino Del Sol unveils name for new Tucson Grant Road property
Kansas: Former Wichita Greyhound Park to reopen as Gilley’s with gaming and hospitality plans
DraftKings could buy back $18 billion in stock over decade, Morningstar analyst says
1xBet shortlisted for Best Casino Operator 2025 award at SiGMA Euro-Med
BMM Innovation Group to spotlight its compliance, cytbersecurity and training expertise at CGS Recife
Evoplay rolls out Mexican-themed Don Juan Peppers slot with four jackpots, bonus play
Latin America in focus: Why SBC Summit 2025 will be a game-changer for the region
Five startups to compete for €90,000 prize at SBC’s First Pitch competition
Former Liverpool and Leeds star Dominic Matteo to join Safe Bet Show at SBC Summit 2025
