TSXV:NYX.DB - Post by User
Post by
JimTorontoon Aug 06, 2016 1:03pm
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Post# 25116748
An article from Seeking Alpha
An article from Seeking AlphaCaesars Interactive is selling its Playtika Social Game for $4.4 billion to a group of Chinese investors
"I believe the real winners of this deal are the Chinese that are looking to gain expertise in social casino games which could eventually be used to real-money online gambling in China when the Chinese government begins to regulate the industry. "
"This deal could potentially spark an M&A war among the Chinese game developers as they look for interesting content in overseas market. If this turns out to be the case, then this could make companies such as Scientific Games (NASDAQ:SGMS) and NYX Gaming (OTC:NXXYF) two potential targets for the Chinese. Keep in mind that China is also considering expanding its gambling hub beyond Macau in places such as Hainan, and this could mean more interest in foreign casino and online gaming technology companies."
https://seekingalpha.com/article/3994352-selling-playtika-win-win-caesars-chinese