On Wednesday, Sci-Games announced that it had entered into a definitive agreement to acquire the Toronto-listed DEQ for C$0.38 per share. The deal, which requires the support of 2/3 of DEQ shareholders at a vote in late October or early November, is expected to close in Q4 2016 or Q1 2017.
The deal values DEQ at around C$27.2m (US $20.7m). In the 12-month period ending May 31, DEQ reported revenue of C$9.5m.
Roger Snow, Sci-Games senior VP of Table & Utility Products, said his company was eager to gain access to DEQ’s library of table games, table progressives and random bonusing systems.
DEQ has a presence in over 30 countries, led by its market-leading EZ Baccarat product, which boasts nearly 800 table games across 150 casinos. DEQ earns the bulk of its bones in the US and Canada, but also has a presence in Panama and Asia (the latter market via a deal with LT Game).
DEQ CEO Joseph Bertolone said the deal was “a very good transaction” for his company, and he looked forward to working with his new Sci-Games overlords to ensure a smooth transition.
Mohegan Sun’s Casino of the Sky will feature a 41-seat Stadium Blackjack offering while the adjoining Casino of the Earth will offer roulette and Dragon Bonus Baccarat via an additional 20-seats across two podiums. Each casino’s patrons can access all four games concurrently via their respective terminals.
Such stadium-style arrays, already well established in Asian casinos, are becoming increasingly popular in the west. In July, Las Vegas Sands’ Pennsylvania casino Sands Bethlehem launched a 150-seat Stadium Gaming zone featuring IGT’s Dynasty electronic table game cabinets.