Betway become Associate Sponsor of the South African national rugby team

Home » Betway become Associate Sponsor of the South African national rugby team
Reading Time: < 1 minute

 

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.

More about:  Norsk Tipping Partners with Gamban

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Gambling News from NewsCasinoNew.com is made for the most passionate fans of online casinos and internet gambling. We cover everything: from popular gambling world events and trends to new casino slot game releases and reviews, you will find the latest news stories.