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The Chip Board Archive 23

Re: Revisiting GPI / Gemaco deal ...
In Response To: Borgota sues Phil Ivey ()

A deal for GPI to acquire Gemaco (GemGroup) was announced a few weeks ago -- see story here:
http://www.gpigaming.com/company/current-news

One of the key phrases in announcing the letter of intent, is that the structure is an ASSET acquisition of GemGroup by GPI.
Meaning that GPI gets the assets on a go-forward basis, but does not assume the past liabilities of GemGroup ... as I understand such transactions.

Given the card problems with this Borgata / Phil Ivey situation, and the previous unshuffled-decks situation with the AC Golden Nugget baccarat players a while back, GPI is smart to structure it this way.

Messages In This Thread

Borgota sues Phil Ivey
The advantage: Edge Sorting
The Two Types of Patterns in Question..
Re: The Two Types of Patterns in Question..
Re: Borgota sues Phil Ivey
Re: Revisiting GPI / Gemaco deal ...
Re: Revisiting GPI / Gemaco deal ...
Edge Sorting
Fascinating!
Thanks for the explanations.
Re: Fascinating!
Re: Fascinating!

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