Deals
Gateway Casinos Plans Listing in $1.1 Billion Deal With Leisure
- Shares expected to be listed on New York Stock Exchange
- Canadian gamer planned 2018 IPO that valued it at $2.5 billion
This article is for subscribers only.
Gateway Casinos & Entertainment Ltd., one of Canada’s largest gaming companies, has agreed to a deal that will create a new firm valued at about $1.1 billion including debt.
Gateway said Friday that Leisure Acquisition Corp., a special purpose company created to make acquisitions, will merge into a new unit of GTWY Holdings, Gateway’s parent. GTWY shares are expected to be listed on the New York Stock Exchange, according to a statement.