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Eric Persson plans to buy back eight Washington casinos and retain jobs

Deals & M&A

Eric Persson told a radio station he plans to reacquire eight Washington casinos named in closure notices and expects the purchase to close in about three weeks. He said the properties would remain open during the ownership transition and the new company would rehire staff; about 850 workers are expected to keep their jobs. Persson said he was working with regulators and did not anticipate obstacles.

The proposed transaction could keep eight casinos operating and preserve jobs, subject to completion and the ownership transition.

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Deals & M&A

France's competition authority approves Banijay's Joa acquisition without conditions

France's competition authority has approved Banijay's planned acquisition of casino operator Joa without conditions. The review, the authority's first of a gambling transaction spanning online and land-based operations, focused mainly on poker and concluded that the deal was unlikely to restrict competition. The authority said its assessment did not account for possible future legalisation of online casino games.

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