Casino 29 ects to pay for the transaction out of current and future cash flow. borgata casino venue Free Online Slots No Download By Netent Dlej We see a significant opportunity for growth in the player loyalty market, and the planned acquisition of the MGT assets represents a significant step forward in our goal to establish loyalty and marketing-based services as a meaningful growth driver for our business,” said Everi Executive Vice President Darren Simmons in a statement. cashman casino free coin generator On the back of a fourth-quarter gain of about 55 percent, Everi shares are up 158. 48 percent year-to-date, making the stock one of this year’s best-performing small-cap gaming names. Evaluating EveriEarlier this month, Las Vegas-based Everi sold 10 million shares of stock, netting 7 million in proceeds in the process. While the shares slumped on the news because new share offerings dilute current investors, the name has bounced back. cliff castle casino flagstaff az

Analysts applauded the move because the company is using million of that capital to reduce an outstanding term loan, and another 75 percent of the proceeds repay some senior notes. casino l alianca del poblenou Those actions that will save Everi about million in annual interest expenses. harrah s casino maricopa casino 04 We remain constructive on EVRI shares on the other side of the recent equity raise, as we believe the deal accomplished two important items that should support further share price appreciation over the intermediate-to-longer term,” said Stifel analyst Brad Boyer in a recent note obtained by Casino. encore casino age org. Boyer said the share offering allowed management to reduce leverabicycle casino employee portalge while giving existing and new investors the opportunity to add to or start positions of Everi at favorable prices. A Good Deal? roulette casino demo

Key Insights and Expert Analysis

Everi didn’t say when the MGT transaction will close, or if it will add to the company’s bottom line. But the market for enhanced loyalty programs and accessible financial solutions at gaming properties is growing. play free casino slot games online no download Boyer is bullish on the positioning of Everi’s slots and fintech businesses. “Within the slot business, our recent checks confirm demand for the company’s latest products remains solid, particularly within the premium and mechanical reel segments, while consistent regional GGR trends, an emerging terminal replacement cycle and growing demand for recently-acquired Atrient kiosk technology favorably position the FinTech business,” said the analyst. foxwoods resort casino spa The analyst has a price target on the stock, implying upside of 19. is harrah s cherokee casino open now Sunset Station Casino Dining Vloh 4 percent from where it trades at this writing. hard rock y casino punta cana

Canadian casino giant Gateway Casinos & Entertainment Limited has announced that it’s merging with one of its largest shareholders in a deal valued at . Chumba Casino Cash Out Zqvw 15 billion. Once the transaction is completed, expected to come in the second quarter of 2020, the newly formed entity plans to go public on the New York Stock Exchange. Gateway casino properties in Canada will soon be under new ownership after the current company agreed to merge with a major shareholder. harrah s casino group (Image: Mary Baxter/TVO)Gateway Casinos’ majority owners are currently The Catalyst Capital Gbicycle casino employee portalroup and Leisure Acquisition Group, the latter being a blank check company formed in 2017 solely with the purpose of reorganizing or acquiring a business in the gaming, recreation, travel, or lodging sectors. Tehachapi Palace Piow Canada After raising 0 million through an initial public offering, Leisure Acquisition Group bought a considerable stake in Gateway. sam s town casino poker room

Now, the acquisition firm will be assumed by Gateway and merged into a fully-owned subsidiary of the casino operator. With the ongoing support and sponsorship of Catalyst, Leisure and its principals, and HG Vora, Gateway is well-positioned to continue to achieve attractive returns for its shareholders,” a release stated. The announcement adds that the . 15 billion “transaction enterprise valuation for the combined company implies a transaction multiple of 7. 5x 2020 projected Adjusted EBITDA. ”Gateway owns 27 casinos and gaming properties across British Columbia, Ontario, and Alberta.

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