Login/Register
NetEnt
NetEnt
Solitics
BigTimeGaming

New board for China’s MelcoLot as 500.com takes control

12th July 2017 6:51 am GMT

Hong Kong-listed lottery supplier MelcoLot has replaced its entire board of directors following the closing of the mandatory offer by 500.com to acquire the company.

New York-listed 500.com had acquired a 40.7 per cent stake in MelcoLot for HK$322.2m (€37.1m) at the end of May, triggering a mandatory cash offer to acquire MelcoLot’s remaining shares pursuant to the Hong Kong Code on Takeovers and Mergers.

This closed on Monday with 500.com holding valid acceptances from shareholders representing [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Related Videos
Greentube
Skywind
Pragmatic Play
EveryMatrix
Future Anthem
Playtech
Solitics