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Stock Market & Financial Investment News

News Breaks
April 16, 2014
08:40 EDTMGAM, BYI, IGTSlot project delays to present problems in 2015, says Janney Capital
Janney Capital says a number of new casino projects and markets have encountered delays, which is an issue for 2015 and beyond, though the firm noted that its updated estimates for slot providers it covers have not changed dramatically. Janney continues to have a Buy rating on Multimedia Games (MGAM) and Neutral ratings on both Bally Technologies (BYI) and International Game (IGT).
News For MGAM;BYI;IGT From The Last 14 Days
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September 26, 2014
08:02 EDTMGAMPokerTek announces Nevada Commission approvals for Multimedia Games acquisition
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September 23, 2014
16:11 EDTIGTInternational Game and GTECH amend merger agreement
International Game Technology and GTECH S.p.A. announced that they have amended their previously announced merger agreement dated July 15. IGT and GTECH entered into the amendment with the overall intent of improving the timing and certainty of completion of the transaction in the interests of both companies and their shareholders. The amendment relieves IGT of additional regulatory and disclosure requirements, which were expected to delay the completion of the transaction. The amendment also reflects a reduced number of required approvals from gaming regulators as a condition precedent to closing. While the aggregate amount of stock and cash to be paid to IGT shareholders has remained unchanged, the amendment eliminates the mechanism for IGT shareholders to elect all-stock, all-cash consideration, or a mixed election, subject to proration. Upon completion of the merger, all IGT shareholders will receive the mixed consideration described in the merger agreement. As previously disclosed, this consists of a combination of $13.69 in cash plus a number of ordinary shares of a newly formed U.K. holding company equal to $4.56 divided by a calculation of the dollar value of GTECH shares prior to the transaction closing, subject to adjustments and limitations set forth in the merger agreement.
06:02 EDTIGTInternational Game partners with Ellen DeGeneres Show for new video slot machine
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September 17, 2014
07:35 EDTMGAMImperial Capital to hold a conference
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