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Thailand partners with WPT on seasonal poker tournament

Deals & M&A

Thailand's tourism and sports minister and the Thailand Convention and Exhibition Bureau announced a collaboration with the World Poker Tour and Thailand RF Tourism and Sports Competition Club, reportedly. The plan starts with one event per season and could grow to three or four annually; the casino-entertainment complex bill remains pending discussion.

The partnership sets out a potential recurring poker-event programme while Thailand's casino legislation remains undecided.

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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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