Post by
JimToronto on Aug 06, 2016 1:03pm
An article from Seeking Alpha
Caesars 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
Comment by
uograd on Aug 06, 2016 3:23pm
Very interesting for sure. No doubt they have to get NYX listed on more senior exchange than the venture exchange in Canada and the Bulletin Board in u.s. for anyone to get serious. Hopefully we will get an update on that process during the earnings update.
Comment by
uograd on Aug 06, 2016 3:30pm
Even more interesting was to take a quick peak at the other stock mentioned called SGMS and it dropped 14% yesterday on the Nasdaq so that could have had something to do with the selling here.
Comment by
maypeters on Aug 06, 2016 4:21pm
The knock on Scientific Games has always been the amount of debt when they went on the acquisition spree including I think Ballys