• Sep. 8, 2014, 7:20 AM
    • Global Cash Access (NYSE:GCA) announces it will purchase Multimedia Games (NASDAQ:MGAM) in a deal valued at $1.2B.
    • The offer price of $36.50 per share is a 31% premium over MGAM's closing price on Friday.
    • The companies anticipate merger synergies of $30M after the combination.
    • MGAM +29.6% premarket to $36.00.
    Sep. 8, 2014, 7:20 AM
  • Aug. 1, 2014, 7:50 AM
    • The combination of Scientific Games (NASDAQ:SGMS) and Bally Technologies (NYSE:BYI) will create a gaming and lottery juggernaut able to stir up $220M in annual cost synergies and $25M in annual capex spending savings, according to the companies.
    • The pairing will also see "accelerated utilization" of various tax attributes on U.S. income which will help the bottom line.
    • The lush premium paid for Bally could give a lift sector peers Multimedia Games (NASDAQ:MGAM) and International Game Technology (NYSE:IGT) today.
    • Premarket: IGT +1.9%, MGAM no action yet.
    Aug. 1, 2014, 7:50 AM | 6 Comments
  • Apr. 30, 2014, 7:13 AM
    • Multimedia Games (MGAM) acquires PokerTek (PTEK) for $1.35 per share.
    • The transaction is expected to close this calendar year after regulators and shareholders approve it.
    • The deal price reps a 37.8% premium over PokerTek's closing price yesterday.
    • Shares of PTEK have been halted.
    Apr. 30, 2014, 7:13 AM