Metropolitan Gaming Limited has announced that it has completed its acquisition of the European and African casino businesses of Caesars Entertainment.
With the completion of the transaction on July 16, Metropolitan Gaming, an investment company wholly owned by Silver Point Capital (Silver Point) and its affiliates, today owns and operates casinos in 11 locations across the UK, Egypt and South Africa, including the iconic Empire Casino in Leicester Square.
“We are very excited about the opportunity to acquire a number of historic and high-end casinos in the United Kingdom. The acquisition fits well with Silver Point’s focus on investing in high-quality businesses at opportune times,” Edward Mulé, Founding Partner of Silver Point, said.
“I am excited to join the amazing team at Metropolitan Gaming. The world, the global economy, and the hospitality industry have been rocked by the COVID-19 pandemic, but I believe that this team is well positioned to lead a strong rebound of this business, benefitting from their experience and expertise, and a partner that is committed to invest. We intend to focus on job creation and investment in this historic business as we partner with our employees, regulators and the communities in which we operate to create a safe, fun and memorable experience for our customers that is second to none,” Michael Silberling, the newly appointed CEO of Metropolitan Gaming, said.
Rice Voelker and CBRE acted as financial advisors to Silver Point Capital. Allen & Overy LLP, Memery Crystal LLP, Matouk Bassiouny & Hennawy, Werksmans Attorneys, Cains Advocates and Shepherd & Wedderburn LLP acted as Silver Point’s legal counsel. Latham & Watkins, LLP acted as Caesars’ legal counsel.
MSSA invited to send U20 esports team to Malawi
Mind Sports South Africa (MSSA) is held in high esteem and often receives invites to participate in events right around the world.
As such the Global Esports Federation (GEF) has informed MSSA of the inaugural Southern Africa Region Esports Championships 2022 (SAREC 2022) billed for Lilongwe, Malawi in December.
SAREC 2022 is a joint project of the GEF’s Africa Esports Development Federation (AEDF) and the African Union Sports Council (AUSC) Region 5 and it will be a demonstration showpiece alongside of the AUSC Region 5 Youth Games which will be held in the same city on December 3rd and 4th , 2022.
This and many more initiatives are billed to unfold across Africa as the AEDF swings into action in a holistic development strategy for our continent through the values of the GEF – equality, diversity, fair play, inclusion and innovation.
The Game Titles to be played are eFootball and Street Fighter V.
The event will also see a SAREC Forum take place in which a convergence of esports, sports, tech and business stakeholder shall discuss the growth potentials of Esports in the region.
There is no doubt that this is a historic event that will further promote esports throughout Africa.
VIVA Lilongwe 2022!
Leadstar Media Launches Betting Bonus Comparison Site in Nigeria
iGaming affiliate Leadstar Media has expanded its presence in the Nigerian market with the launch of Betting Bonus Nigeria, a bonus comparison site for Nigerian players.
Betting Bonus Nigeria is the latest in the series of bonus comparing sites in the bonus vertical of the company, joining sister sites in the US, India and the Netherlands.
The new website is focused on comparing betting bonuses offered by betting sites operating in the Nigerian online sports betting market, with a view to simplifying the process of choosing a bonus offer.
Additionally, users will have information such as the terms and conditions, wagering requirements, bonus validity period and how to claim the various betting bonuses at their fingertips.
Jacob Ljunggren, Leadstar Media Product Director, is confident that the website will provide immense value to Nigerian players.
“We are excited about the launch of Betting Bonus Nigeria. The idea of the website was conceived with Nigerian punters in mind,” Ljunggren said.
“There has been a consistent surge in the number of sports betting sites offering welcome bonuses to players in Nigeria and we feel the need to provide a high quality bonus comparison site to assist players in choosing a betting bonus that suits their needs.”
“By using the website, our users will enjoy unbiased review of welcome bonus offers and promotions of bookies in one of Africa’s largest igaming markets,” Ljunggren added.
Editor-In-Chief of Betting Bonus Nigeria, Ayo Adesanya, spoke of his excitement at the launch of the site, and assured Nigerian bettors that they can count on the site for the very best bonus offers in the Nigerian market.
“We are going to provide helpful content to help our users choose the best bonus available in the market.”
Adesanya, who has over a decade of betting experience in Nigeria, explained that the site will put the needs of Nigerians on the front-burner, helping to provide answers to every query they may have about betting bonuses in Nigeria.
The editor assured that Betting Bonus Nigeria will be updated regularly with up to date information about offers and promotions, as well as changes in the already existing offers.
Wemade to Continue Expansion to the Middle East and Africa
Wemade, the leading blockchain gaming company, announced its endeavor to invest in the Middle East and North Africa (MENA) and highlighted future plans to expand within the region.
“We made a strategic investment in Metaverse Magna, a P2E guild project which aims to create the biggest gaming community in Africa, and we think the continent has a great potential for growth,” said a spokesperson for Wemade. “We are eager to bring the WEMIX ecosystem to the Middle East and Africa. 2022 has been a record-breaking year for us, and we have every reason to believe this trajectory will continue.”
Wemade has been pioneering blockchain gaming for the past several years, with a firm belief on blockchain technology becoming integral to the future of the gaming industry. The company has widened the scope and horizon for the new gaming technology, not only by publishing its own game titles but also by encouraging game developers around the world to join WEMIX, the global blockchain platform powered by Wemade. The platform currently has 15 live service games, including Wemade’s blockbuster MMORPG MIR4, which has more than two million monthly players.
Wemade is now set to grow its presence in blockchain gaming around the globe, with blockchain subsidiary WEMIX PTE. LTD. in Singapore, and global branches in Dubai, Japan, China, and the US.
As the gaming and blockchain industries continue to grow rapidly in MENA, Wemade has sponsored a blockchain-related program for CNBC Arabia, where Wemade CEO Henry Chang recently appeared on the channel’s flagship program. With the Dubai branch opening this spring, Wemade is expediting efforts in the MENA region as a result.
Wemade’s own mainnet WEMIX3.0 is slated to launch later this year, along with the integrated blockchain gaming platform WEMIX PLAY, NFT-based DAO platform NILE and WEMIX.Fi.
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