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Mohegan Appoints Kurt Shotzberger as VP of Financial Planning & Analysis

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Mohegan, a globally recognized leader in entertainment and gaming, has announced the appointment of Kurt Shotzberger as the Vice President of Financial Planning & Analysis. In this role, Shotzberger will spearhead budgeting, financial modeling, forecasting and financial and operational analysis, as well as strategic planning. His work will be instrumental in shaping the economic future of Mohegan, ensuring sustainability and success across all facets of the organization.

“Kurt’s extensive background in finance and gaming brings a unique perspective and invaluable expertise to our team. His skills will be crucial as we navigate the ever-evolving landscape in our industry, and we’re really looking forward to seeing the innovative direction Kurt will offer as part of Mohegan,” Ray Pineault, President and CEO of Mohegan, said.

With over two decades of experience in finance, including 15 years in the gaming industry, Shotzberger brings a wealth of knowledge and expertise to Mohegan. His professional highlights include various senior leadership roles at IGT, a global leader in gaming technology and serving as Vice President of Gaming & Lodging investment banking with Wachovia Securities. A seasoned professional, Shotzberger’s career is marked by his achievements in enhancing brand performance and driving growth. His appointment at Mohegan is a testament to his abilities and the company’s commitment to excellence and innovation.

“Stepping into the role at Mohegan allows me to apply my background in a manner that aligns with my professional ethos. This opportunity is both a privilege and a significant responsibility which I am eager to begin while making meaningful contributions along the way,” said Kurt Shotzberger, Vice President of Financial Planning & Analysis at Mohegan.

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Shotzberger, who is a Pennsylvania native, has an educational background that includes a Bachelor of Science in Business from Wake Forest University alongside professional certifications that underscore his expertise in economic forecasting and analysis. His approach to finance is deeply aligned with Mohegan’s core values, emphasizing mutual respect, cooperation and building lasting relationships.

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FDJ Announces its First Bond Issue

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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.

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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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CT Interactive Shortlisted in Two Categories at BEGE Awards 2024

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CT Interactive has announced that it was shortlisted in two categories for the upcoming prestigious BEGE Awards 2024. The company has been recognised for its exceptional contributions to the online gaming industry by being among the finalists for Online Game of the Year for the innovative and engaging game Doctor Winstein Buy Bonus and Online Provider of the Year.

The BEGE Awards, which celebrate excellence and innovation in the gaming and entertainment industry, will be held on November 27, 2024, at the Club Black & White in the Grand Hotel Millennium, Sofia.

This year’s nominations reflect CT Interactive’s dedication to creating top-tier gaming experiences and its continuous efforts to push boundaries in the online gaming world.

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“Being recognised in these two categories is a testament to the hard work and creativity of our entire team. We are thrilled to be among the industry’s finest at the BEGE Awards once again,” said Monika Zlateva, CCO at CT Interactive.

The post CT Interactive Shortlisted in Two Categories at BEGE Awards 2024 appeared first on European Gaming Industry News.

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Public Voting Starts for Ortak x B.F.T.H. Arena Awards 3.0

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The highly anticipated Ortak x B.F.T.H. Arena Awards 3.0 has officially entered the public voting phase as submissions are closed.

More than 70 game providers have turned in over 160 submissions, including Tom Horn Gaming, Pragmatic Play and RubyPlay. Public voting involves enthusiasts casting their votes to pick the winner of the Game of Public Choice category.

The Public voting phase ends on December 1st 23:59 GMT+4.

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Concurrent to public voting, the first phase of private voting also starts during which all participants who have submitted entries get the chance to vote for one favourite in each category. An international auditing company oversees this phase to eliminate duplicate votes and self-votes. This phase ends on November 19, 23:59 GMT+4.

The second phase of private voting will also take place with a jury of industry experts making their decisions based on the shortlist picked by participants during the first phase.

The post Public Voting Starts for Ortak x B.F.T.H. Arena Awards 3.0 appeared first on European Gaming Industry News.

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