Evolution Board Urges No On $13.8B Dart Takeover Offer

Evolution Board Urges No On $13.8B Dart Takeover Offer

Evolution’s board on Monday recommended shareholders reject Candle Lake’s mandatory cash offer of SEK 695 per share. The offer values the live-dealer blackjack giant at about SEK 131.7 billion, roughly $13.8 billion. The SEK 695 price sits 5.7 percent below Evolution’s Aug. 12 closing price of SEK 737.2. Kenneth Dart’s vehicle already holds 30.02 percent … Read more

Galaxy Gaming Sets $4M Buyback, Expects Record Quarter

Galaxy Gaming Sets $4M Buyback, Expects Record Quarter

The side-bet licensor turned a scrapped Evolution buyout into a share repurchase and told investors its recurring business is pointed at a record three months. LAS VEGAS – A day after Evolution AB backed out of its $85 million purchase of Galaxy Gaming, the owner of the 21+3 and Lucky Ladies blackjack side bets found … Read more