Bandarkiu – Casino closings and blockbuster transactions

Every week, CasinoBeats breaks down the numbers behind some of the most interesting stories in the industry. In the latest issue we look at further Swedish criticism, the sustainability of MGM Resort and the pending Evolution Gaming and NetEnt deals.

Casinos are one part of the UK hospitality industry that will remain closed after July 4, but bingo halls could start welcoming back passengers next month as part of the country’s final, easy lockdown measures.

This came as Prime Minister Boris Johnson also announced that the two meter rule would be scrapped in favor of the one meter plus size, with hotels, places of worship, restaurants, cafes, pubs, hairdressers, entertainment arenas and museums. only a fraction of the businesses bandarkiu and attractions will be allowed to resume operations next month according to strict COVID guidelines.

Casinos, bowling alleys, nightclubs, indoor fitness centers, spa pools, water parks, tattoos and nursing homes and exhibition or conference centers that will be used for exhibitions or conferences are options that should be closed.

This follows The Betting and Gaming Council expressing confidence that land-based gaming companies will be allowed to continue action during the latest easing measures, with such properties across the UK having been closed since the lockdown was introduced on March 23 in a bid to contain the spread of COVID-19.

The live gaming giant, Evolution Gaming, appears poised to acquire another member of the igaming company with news this morning that it has made a bid to buy NetEnt, an offer recommended by NetEnt’s board to shareholders.

The proposed transaction sees Evolution offering 0.1306 shares for each share in NetEnt, for a value of SEK 79.93 each and all shares in the company of around SEK 19.6 billion. The consideration offered per share represents a 43 percent premium compared to the closing price of NetEnt series B shares on Nasdaq Stockholm on 23 June 2020.

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