News Update January 2007
Consortium ups Quicksilver offer
UK: The Australian consortium bidding for the 200-location chain of the Talarius-owned Quicksilver adult gaming centres in the UK, has increased its takeover offer.
European Gaming, a newly-formed subsidiary of Tattersall's, the Australian gaming group, and bank Macquarie, has pushed up its bid from 270p to 280p per share. The increased cash offer represents a 36.2 per cent premium on the closing price of 205.6p for the three months ended October 31, 2006.
The Talarius board has recommended shareholders to accept the offer. InterGame understands that a condition of the sale is that all of the current executive board members remain with the company.
Ho family debate rages on
MACAU: In an increasingly bitter family dispute, Winnie Ho, sister of gambling mogul Stanley Ho, has offered to buy her brother out of the company which controls 16 of the 23 casinos in Macau.
Ms Ho claims that the company, Sociedade de Turismo e Diversoes de Macau, owes her around US$386m in dividends for the past five years. Ms Ho, who controls about eight per cent of the company, has filed more than 30 lawsuits against her brother.
Brady, Incredible Tech strike new deal
US: In a move to offer more sales and service opportunities in the south and south-east of the US, Brady Distributing will once again be carrying the full line of Incredible Technologies products.
“Our games will be in-stock at all four Brady Distributing sales offices in Charlotte, Memphis, Miami and Orlando,” said Don Pesceone, Incredible Technologies' vice president of sales.
According to Jon Brady, vice president of amusement game sales at Brady, training the Brady sales team is a top priority.
Stanley Leisure CEO to step down
UK: British casino operator Stanley Leisure is to lose its chief executive.
Bob Wiper, who has held the post for the past eight years, is to step down from his role at the company.
Stanley was acquired by the Malaysian gambling giant Genting in October of last year.
Bay-Tek co-founder passes away
US: One of the founders of US redemption games specialist Bay-Tek has died.
Robert Ward died on December 14 in hospital. He was one of four original partners in Bay-Tek Games.
Sanken shifts production
UK: Sanken Power Systems (UK), a major supplier of power supplies to the amusement and gaming industry, is moving its factory in South Wales on January 22.
The new premises are at Pencoed Technology Park, Bridgend, Mid-Glamorgan, Wales, CF35 5HY. Tel: +44 1656 869 100.
Golden Tee 2007 details announced
US: Incredible Technologies has announced plans for its 2007 Golden Tee World Championships.
The finals, held previously in Orlando, move to the Rio Casino in Las Vegas from March 25-27.
The competition pits a 16-player international team against a US team. The international ranks will come from South Africa, the UK, Australia and Canada.
In the four previous tournaments, the internationals have won once and the US team three times.
Comestero signs new security lock deal
ITALY: Comestero Group, the Italy-based manufacturer and distributor of payment system solutions, has struck a deal with Giussani Serrature, a producer of security locks.
Under the agreement, Comestero will distribute a wide range of locks through its distribution network, which covers more than 80 countries.
Betson names new sales manager
US: Richard Zayas-Bazan has been promoted to national sales manager for Betson Imperial Parts and Service Company in the US.
Zayas-Bazan joined Betson Enterprises in 1997 to work on customer service in the parts department. The company is owned by parent company H Betti Industries.
Ladbrokes, William Hill enter Italian market
UK: British bookmakers Ladbrokes and William Hill have been awarded licences for sports and horse betting over the internet and the phone in Italy.
Both companies are also understood to have won new licences for horse racing and sports betting at betting centres throughout the European country as well as at franchises in venues such as bars, cafés and newsagents.
Ladbrokes' licences include 33 for horse racing, 58 for sports betting at betting centres and 51 for franchises.
Meanwhile, William Hill said its proposed joint venture with Codere has been granted 20 concessions to operate horse racing betting shops and seven concessions to operate sports betting shops.
Source: IGI
|