Bortz Makes Next Move
GMB Liquidity Corporation has acquired 61.5 million shares of Grand Parade Investments. Value Capital Partners sold its remaining stake to GMB. Sun International increased its stake in GPI to more than 21% earlier this month.
GMB Liquidity Corporation has acquired 61.5 million shares of Grand Parade Investments (GPI). Value Capital Partners sold its remaining stake to GMB. Sun International increased its stake in GPI to more than 21%. G PI still holds interests in Sun's prize assets. GMB might not be inclined to sell Gpi's gaming assets with Bortz indicating a willingness to build a focused gaming hub. GBM recently recapitalised horse-racing business Kenilworth Racing in partnership with sports betting specialist Hollywood Bets. It is uncertain whether Sun intends to secure more GPIs shares.
Bortz is considering a possible merger of Kenilworth racing and Hollywood bets with GPI to create a diverse gaming investment company.
