{"id":598566,"date":"2023-11-22T18:12:09","date_gmt":"2023-11-22T15:12:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cineplex-sells-player-one-amusement-group-for-155m\/"},"modified":"2023-11-22T18:12:09","modified_gmt":"2023-11-22T15:12:09","slug":"cineplex-sells-player-one-amusement-group-for-155m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cineplex-sells-player-one-amusement-group-for-155m\/","title":{"rendered":"#Cineplex Sells Player One Amusement Group for $155M"},"content":{"rendered":"<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Canadian exhibitor Cineplex has unveiled a definitive agreement with OpenGate Capital to sell Player One Amusement Group for $155 million, the company said Wednesday.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The deal will see Los Angeles-based private equity firm OpenGate acquire all issued and outstanding common shares of the amusement gaming provider.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cPlayer One represents a dynamic investment and opportunity to enter the resilient and growing amusement solutions market. As corporate carve-out specialists, we are ready to bring the full force of our operations team to support the business and management team in this next stage of growth,\u201d Andrew Nikou, OpenGate Capital\u2019s founder and managing partner, said in a statement.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The transaction is expected to close in the first quarter of 2024, subject to closing conditions, and includes a long-term agreement for Player One to continue supplying service amusement <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>s to Cineplex theaters and location-based entertainment venues across Canada.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Toronto-based Player One supplies amusement services and games across North America. Cineplex launched the business as Cineplex Starburst in 2015 as an amusement and gaming equipment provider and rebranded the company as Player One Amusement Group in 2016.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cAs we continue to focus on our growth plan, the strategy to divest P1AG came at an opportune time to strengthen our balance sheet,\u201d stated Ellis Jacob, president and CEO of Cineplex.<\/p>\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/social-media\/\" target=\"_blank\" rel=\"noopener\">Social Media category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/cineplex-sells-player-one-amusement-group-for-155m-1235674434\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian exhibitor Cineplex has unveiled a definitive agreement with OpenGate Capital to sell Player One Amusement Group for $155 million, the company said Wednesday. The deal will see Los Angeles-based private equity firm OpenGate acquire all issued and outstanding common shares of the amusement gaming provider. \u201cPlayer One represents a dynamic investment and opportunity to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":598567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2023\/11\/GettyImages-1359441176.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[136116,124783],"class_list":["post-598566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-cineplex","tag-international"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/598566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=598566"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/598566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/598567"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=598566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=598566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=598566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}