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Bloomberry agrees to sell Jeju Sun casino business to Gangwon Blue Mountain

Deals & M&A

Bloomberry Resorts’ South Korean subsidiary Golden & Luxury has agreed to sell a new company holding the Jeju Sun casino business to Gangwon Blue Mountain, following a demerger. The buyer paid KRW500 million upfront, but completion remains conditional on the demerger and regulatory approvals. Jeju Sun recorded PHP2.5 million in second-quarter gross gaming revenue, down from PHP35.7 million in the same period of 2024.

The proposed sale would end Bloomberry’s ownership of Jeju Sun, subject to restructuring and regulatory approval.

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Deals & M&A

Capula takes €65 million positions in CIRSA-Lottomatica merger

Capula Investment Management has taken positions in CIRSA and Lottomatica ahead of their proposed merger, reportedly seeking to benefit from a difference in their share prices and the exchange value. Its declared CIRSA exposure is about €30 million, while its short position in Lottomatica is valued at about €35 million; the integration is planned for Q2 2027, subject to approvals.

Capula Investment Management has reportedly taken positions in CIRSA and Lottomatica ahead of their planned merger. The arbitrage strategy seeks to benefit from differences between the companies' share prices and the value resulting from the deal.

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