SectorWire
SearchRegister
MenuClose

Bloomberry plans to sell Jeju Sun casino business in South Korea

Deals & M&A

Bloomberry said its South Korean subsidiary, Golden & Luxury, signed an agreement to spin off Jeju Sun’s casino business and sell the new company to Gangwon Blue Mountain. The transaction depends on due diligence, regulatory approval and completion of the demerger; the purchase price was not disclosed, although the buyer paid a KRW500 million down payment.

The proposed disposal would reduce Bloomberry’s South Korean presence, but completion remains conditional on approvals and the demerger.

Request a correction

Flag an issue

Keep reading

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.

Continue reading