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Iris Capital agrees to acquire The Reef Hotel Casino for AU$177m

Deals & M&A

Iris Capital agreed to acquire The Reef Hotel Casino in North Queensland for AU$177m, according to the report. The available text does not state further transaction terms or the expected completion date.

The proposed acquisition would change ownership of a casino in North Queensland if completed.

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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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