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Flutter CEO Peter Jackson Signals Bid Interest in Italy’s Main Lottery Licence
Flutter Entertainment chief executive officer (CEO) Peter Jackson has signalled an interest in potentially pursuing a €1 billion-plus bid for Italy’s main lottery licence, as the current contract with fellow gambling giant International Game Technology (IGT) expires in 12 months’ time.
Jackson reportedly told The Irish Times that Flutter was interested in making a bid for the lottery licence mainly so it could direct customers to its online gambling offerings. The newspaper reported that the CEO said Flutter was bypassing Italy’s ban on the advertising of online gambling by cross-selling through its lottery licence by providing scannable links on the backs of lottery tickets.
“We don’t have to, but if it makes economic sense, we’ll do it,” Jackson said when asked if Flutter would bid for the Italian lottery licence.
The main Italian lottery has been run by International Game Technology (IGT), previously Lottomatica Holdings, for three decades via its Lotterie Nazionali and Lotto Italia subsidiaries. The current contract expires in 12 months’ time, and the Italian government is to launch a bidding process for a new nine-year licence. The minimum tender has been set at €1bn, payable in installments.
Flutter, the parent of Paddy Power, Betfair and the fast-growing US brand FanDuel, reported that its revenues grew by 27% in the third quarter to $3.25 billion, to beat the consensus estimate of analysts by almost $150 million. Adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) soared 74% to $450 million.
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Bulletin from Kambi Group plc’s Extraordinary General Meeting of 18 November 2024
Kambi Group plc held an Extraordinary General Meeting on the 18 November 2024 at Kambi, Hälsingegatan 38, 113 43 Stockholm, Sweden
Two resolutions were presented to the Meeting, namely (i) resolution A, being an ordinary resolution, and (ii) resolution B, being an extraordinary resolution.
Resolution A was approved, and accordingly the cancellation, on or after the 26 November 2024, of 1,374,678 ordinary ‘B’ shares having a nominal value of €0.003 each that the Company holds in itself, pursuant to article 106(6) of the Companies Act, Chapter 386 of the Laws of Malta, was approved.
The extraordinary resolution, namely resolution B, obtained one majority of two required in terms of Article 135(1) of the Companies Act (Chapter 386 of the Laws of Malta, the “Companies Act”), and in terms of Articles 48B.2(b) of the Articles of Association of the Company (the “Articles”). To this end, an Extraordinary General Meeting is being convened within 30 days of today’s Meeting, as per the proviso to each of Article 135(1) of the Companies Act, and Article 48B.2(b) of the Articles, to take a fresh vote on the proposed resolutions.
By order of the Board
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BGaming curls up with bountiful bonus games in Catdiana
Popular iGaming content provider BGaming is helping players hunt for ancient treasures in its latest release Catdiana. Boasting two purr-fect bonus games, the gameplay is further enhanced through cat-themed scatters, coveted coins and high-value gem symbols.
The 5×3 reel action unfolds deep within a mystical cat temple where Catdiana goes on the prowl, performing as a wild to guide players to hidden treasures and big wins.
Landing three of the temple’s sacred Ark Scatters on reels one, three and five holds the key to getting your claws into the game’s five Free Spins bonus round. Amping up the level of excitement, the Blazing reels are reels two, three and four merged into one giant symbol to enhance the player’s winning potential.
Players scoring six or more coins in the main game or Free Spins can then pounce on Catdiana’s additional bonus game, where only coins take their place on the grid, offering multiplier values as high as x20 of the bet. To help slot enthusiasts edge ever closer to untold riches, Mini, Major and Mega Jackpots are also featured in the Coin Respin game.
Julia Alekseeva, Co-CPO at BGaming, said: “With such a charming main character taking inspiration from the ever-popular Indiana Jones and Puss in Boots, we’re hoping players will be feline just fine with Catdiana.”
“Our two sumptuous Bonus games lead the way with inspired mechanics, including Blazing Reels and three lavish jackpots, while the ancient temple-themed style and crisp audiovisual effects add an extra dynamic. This is the best time to get your paws on prizes!”
The post BGaming curls up with bountiful bonus games in Catdiana appeared first on European Gaming Industry News.
Industry News
FDJ Announces its First Bond Issue
La Française des Jeux (FDJ), one of Europe’s leading betting and gaming operators, will meet investors over the next days with a view to launching its first bond issue, subject to market conditions.
FDJ recall that, on 7 November, Moody’s assigned the Group a long-term credit rating of Baa1 – stable outlook.
With a total value of €1.5 billion, in 3 tranches with maturity of 6, 9 and 12 years, the bond issue would be used to refinance most of the €2 billion bridging loan, drawn on 7 October to finance the acquisition of Kindred shares for nearly €2.5 billion. The bonds will be listed on the Euronext regulated market in Paris.
Furthermore, FDJ is finalising a €400 million syndicated loan with top-tier French and international banks, which will be repaid over 5 years. This financing is also intended to repay the bridging loan which will be settled with Group’s cash.
The post FDJ Announces its First Bond Issue appeared first on European Gaming Industry News.
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