Inside Asian Gaming and CDC Gaming announced a planned merger on 7 October 2024, with Complete Media Group to become the parent company. The deal is valued at eight figures in US dollars and is expected to complete by 31 December, subject to customary conditions, including shareholder approvals.
The proposed combination would bring two gaming media businesses under one parent while retaining their regional brands.
The day’s most important stories, free. One email a day.
Fertitta Entertainment general counsel and executive vice-president Steven Scheinthal doubted Texas would legalise gambling soon. Speaking to Nevada regulators, he predicted the Supreme Court would prevent prediction markets from operating beyond state regulation.
Inside Asian Gaming and CDC Gaming discussed their previously announced merger, which will place both publications under Complete Media Group while retaining their existing brands. Their representatives said the companies expect to combine resources and expand staffing, rather than make layoffs.
Cirsa’s proposed merger with Lottomatica would give shareholders who vote against the deal and elect to sell €13.20 per share, subject to the transaction receiving the required approvals and meeting its conditions. Shareholders would have 20 calendar days after the extraordinary meeting to notify Cirsa; the amount would be reduced by qualifying dividends received before payment. The mechanism is conditional on affected shares not exceeding 5% of Cirsa’s issued and outstanding shares at the meeting.
The boards of Lottomatica and Cirsa approved a joint merger plan for their proposed combination. The agreement provides 0.668 Lottomatica shares for each Cirsa share.
Cirsa and Lottomatica reportedly plan about €1bn in extraordinary shareholder payments linked to their proposed merger. The plan includes a €262m payment to Cirsa shareholders at €1.56 per share and a further €744m distribution after the merger; Deutsche Bank and Barclays have provided a bridge loan of up to €1bn with a 12-month maturity.